Reed Stevenson
Technology Editor at Bloomberg News
Editor, writer of @business news and other stories from Japan. Senior editor at Bloomberg News, ex-Reuters. Retweets ≠ endorsements; all opinions mine.
Articles
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2 weeks ago |
claimsjournal.com | Reed Stevenson |Giulia Morpurgo |Dorothy Ma
Marelli Holdings Co., the long struggling auto-parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is backed by senior lenders, who have signed a deal designed to slash Marelli’s debt burden and restructure under new ownership.
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2 weeks ago |
news.bloomberglaw.com | Reed Stevenson |Giulia Morpurgo |Dorothy Ma
Marelli Holdings Co., the long struggling auto-parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the US, saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is backed by senior lenders, who have signed a deal designed to slash Marelli’s debt burden and restructure under new ownership.
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2 weeks ago |
crainsdetroit.com | Reed Stevenson |Giulia Morpurgo |Dorothy Ma
Marelli Holdings Co., the struggling auto parts supplier for Stellantis NV, Nissan Motor Co. and other carmakers, has filed for Chapter 11 bankruptcy protection in the U.S. as it seeks to slash its debt burden and restructure under new ownership. About “80% of the company’s lenders have signed an agreement to support the restructuring, which will deleverage Marelli’s balance sheet and strengthen its liquidity position,” Marelli said in a statement.
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2 weeks ago |
detroitnews.com | Reed Stevenson |Giulia Morpurgo |Dorothy Ma
AUTOSReed Stevenson, Giulia Morpurgo, Dorothy MaBloombergView Comments Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, plans to seek Chapter 11 bankruptcy protection in the US to slash its debt burden and restructure under new ownership, according to people familiar with the matter.
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2 weeks ago |
bloomberg.com | Reed Stevenson |Giulia Morpurgo |Dorothy Ma
The Marelli Corp. headquarters in Saitama, Japan. (Bloomberg) -- Marelli Holdings Co., the long struggling auto-parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the US, saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is backed by senior lenders, who have signed a deal designed to slash Marelli’s debt burden and restructure under new ownership.
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No other name works https://t.co/rqPU36S20K
Three years on, the Nissan/Ghosn saga continues, although it seems like we are in the final chapters. A challenging story, but well worth the effort. https://t.co/CCF9heIK4G
Cautionary tale: Working for a strong-willed billionaire is tough, especially if that person is Shigenobu Nagamori, founder of @NidecJP The Humiliating Fall of Nidec Billionaire's Handpicked Successor https://t.co/CRCEQNjwcv