The court granted Marelli access to $519 million of $1.1 billion in debtor-in-possession financing — a special loan process for companies going through bankruptcy. Using those funds, the company ...

Subject to court approval, this financing, along with the company's operational revenue, will provide the necessary liquidity for Marelli during the Chapter 11 process.

The court granted Marelli access to $519 million of $1.1 billion in debtor-in-possession financing — a special loan process for companies going through bankruptcy.

As for Marelli, it plans to continue operating, promising customers no interruption to service or parts delivery as it goes through bankruptcy. It said it negotiated $1.1 billion in financing to ...

Marelli – the auto parts giant and supplier to big names like Stellantis and Nissan – has filed for bankruptcy protection.

Marelli was among the first major companies in any industry to pin a bankruptcy filing in part on tariffs. Other auto suppliers will likely follow, industry analysts said.

KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.

Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about ...

Photo: naomi tajitsu/Reuters Marelli, the Japan-based automotive supplier owned by private-equity firm KKR, filed for bankruptcy in the U.S. on Wednesday with a plan to hand control to its lenders.

Marelli Holdings Co., the struggling auto parts supplier for Stellantis NV, Nissan Motor Co. and other carmakers, plans to seek Chapter 11 bankruptcy protection in the U.S. to slash its debt ...

TOKYO (Reuters) -Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of ...