Collins & Aikman logo 250

Collins & Aikman Corp., which filed for bankruptcy in both the U.S. and Europe earlier this year, is being sold off in pieces by its European administrator, according to Reuters.

Almost 2/3 of its European operations will be bought by investor group International Auto Components, which includes Lear Corp. The businesses employ 2,300 in Austria, Belgium, the Czech Republic, Germany, Netherlands, Slovakia, Spain, Sweden and Britain, with 2004 sales over $600 million. Customers include GM, Ford, VW, Porsche, Volvo and Saab.



I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X