Dura Automotive Systems Files Bankruptcy

(October 31st, 2006 under Automobile Industry )
Dura Automotive Systems filed for bankruptcy protection in the federal courts of Delaware this week. Dura is a major auto parts company and the fifth to file for bankruptcy protection. It supplies auto parts to Ford and General Motors. "Representatives of Ford and G.M. said they did not expect production to be affected by Dura's filing for bankruptcy. The filing covers Dura's United States and Canadian operations and comes after the company missed a $17.3 million interest payment on Oct. 16. The company said it would consolidate operations and exit unprofitable contracts while under bankruptcy protection." The full article will be available on the Web for a limited time: http://www.nytimes.com/2006/10/31/business/31dura.html Pam

This entry was posted on Tuesday, October 31st, 2006 at 4:06 pm and is filed under Automobile Industry .


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