Elm Analytics - Automotive Supply Chain Risk Digest #142 - October 25 - 31, 2019
automotive-risk-digest.elmanalytics.com
BANKRUPTCY Dura Automotive Systems filed for Chapter 11 protection. The move hopes to clear obligations to replay a bond insurer in an unrelated legal dispute. Although Dura is profitable, the filing "...seems to be a creative way of trying to negotiate a deal that probably should be done out of court."
Elm Analytics - Automotive Supply Chain Risk Digest #142 - October 25 - 31, 2019
Elm Analytics - Automotive Supply Chain Risk…
Elm Analytics - Automotive Supply Chain Risk Digest #142 - October 25 - 31, 2019
BANKRUPTCY Dura Automotive Systems filed for Chapter 11 protection. The move hopes to clear obligations to replay a bond insurer in an unrelated legal dispute. Although Dura is profitable, the filing "...seems to be a creative way of trying to negotiate a deal that probably should be done out of court."