Marelli Holdings Co., a key auto parts supplier for Nissan and Stellantis, has officially listed its assets and liabilities in the range of $1 billion to $10 billion in a recent Chapter 11 bankruptcy filing in the U.S. The move is part of the company’s ongoing efforts to restructure its financial obligations and secure new ownership.
Key Details:
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Financial Disclosure: Assets and liabilities estimated between $1 billion and $10 billion.
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Bankruptcy Filing: Chapter 11 protection sought in the U.S.
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Ownership Shift: Strategic Value Partners LLC expected to take control.
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Previous Debt: Marelli had $7.6 billion in debt before restructuring efforts in 2022.
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Industry Impact: The bankruptcy filing allows Marelli to continue supplying Nissan, Stellantis, and other automakers while negotiating financing options.
Market Implications:
Marelli’s financial struggles stem from declining orders, high fixed costs, and industry shifts toward electrification. The restructuring aims to stabilize operations and ensure continued supply chain reliability for major automakers.
Sources: Detroit News, Automotive Logistics