US Edition
KKR-Owned Auto Parts Supplier Files for Bankruptcy Protection in US
- Marelli Holdings Co. Ltd., a Japanese auto parts manufacturer, initiated a Chapter 11 bankruptcy case in the U.S. District Court for Delaware on June 11, 2025, aiming to restructure its debt and improve its financial standing.
- Marelli sought this protection after unsuccessful restructuring attempts since 2022, facing $7.6 billion in debt and severe tariff impacts on its import/export business.
- The company employs over 50,000 people worldwide, operates 170 facilities, supplies major carmakers like Nissan and BMW, and secured a $1.1 billion debtor-in-possession financing commitment.
- Marelli CEO David Slump stated that filing for Chapter 11 bankruptcy will allow the company to improve its financial structure by turning debt into equity, a plan that has received backing from 80% of its lenders as part of a broader restructuring effort.
- The restructuring aims to deleverage debt, maintain uninterrupted operations, and transfer ownership effectively to Strategic Value Partners, providing liquidity for growth and innovation.
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The company presents claim of protection from the creditors, crushed by 4.9 billion debts. Involved 6,000 workers in Italy, alarm of the unions. Stellantis has given over 400 million advance on the orders
·Italy
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Auto Parts Supplier Marelli Files for Chapter 11 Bankruptcy
Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, has filed for Chapter 11 bankruptcy protection in the US as it seeks to slash its debt burden and restructure under new ownership.
·New Delhi, India
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Total News Sources27
Leaning Left1Leaning Right1Center7Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
11%
C 78%
11%
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