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Seat-of-the-Pants: Lear files for Chapter 11 bankruptcy

With sales numbers continually bad and plants just now awakening from long idle periods, suppliers are particularly vulnerable to financial trouble. Seat supplier Lear Corporation failed to pay a $38 million obligation on June 1st, and the grace period has just run out. With General Motors as its largest customer, and a significant amount of Blue-Oval business, as well, Lear's late 2008 gamble of borrowing $1.2 billion as a hedge against Detroit bankruptcy has proven difficult for the company to pay back. The supplier of seats and electronic ... Read more →

Turnaround expert: Auto parts sector is a "very, very troubled industry" Eric Bryant

Al Koch helped see over the revival of Kmart, so he knows a thing or two about financial difficulty - and that's exactly what he sees in the auto-part industry. Koch specially ...

Domestic automakers improve relationships with suppliers, but Asians still much favored Eric Bryant

Within the auto industry, it's something of an secret that most suppliers prefer to work with Asian "transplant" OEMs, who are perceived to be easier to work with. Planning Perspective's recently ...

Delphi vice chairman Dave Wohleen to retire Erin Mays

Delphi Corp. has announced that vice chairman Dave Wohleen is opting for retirement at age 56, and has already begun putting his responsibilities on the plates of execs around him in time for a ...

SEC subpoenas Lear for more details on supplier's relationship with GM Eric Bryant

With the Securities and Exchange Commission a bit curious about some of General Motors' accounting practices as it relates to the automaker's price concessions negotiated with suppliers, Lear now ...

Seat-of-the-Pants: Lear files for Chapter 11 bankruptcy 5 months ago on Autoblog

With sales numbers continually bad and plants just now awakening from long idle periods, suppliers are particularly vulnerable to financial trouble. Seat supplier Lear Corporation failed to pay a $38 million obligation on June 1st, and the grace period has just run out. With General Motors as its ...

Turnaround expert: Auto parts sector is a "very, very troubled industry" 3 years ago on Autoblog

Al Koch helped see over the revival of Kmart, so he knows a thing or two about financial difficulty - and that's exactly what he sees in the auto-part industry. Koch specially mentions decreasing production from domestic automakers as potentially causing severe trouble. While a move ...

Domestic automakers improve relationships with suppliers, but Asians still much favored 3 years ago on Autoblog

Within the auto industry, it's something of an secret that most suppliers prefer to work with Asian "transplant" OEMs, who are perceived to be easier to work with. Planning Perspective's recently released survey shows that the Big 3 are making substantive improvements, but still have a long ways to ...

Delphi vice chairman Dave Wohleen to retire 3 years ago on Autoblog

Delphi Corp. has announced that vice chairman Dave Wohleen is opting for retirement at age 56, and has already begun putting his responsibilities on the plates of execs around him in time for a June 1 retirement. He'll get the retirement benefits stated in his contract, which may ...

SEC subpoenas Lear for more details on supplier's relationship with GM 3 years ago on Autoblog

With the Securities and Exchange Commission a bit curious about some of General Motors' accounting practices as it relates to the automaker's price concessions negotiated with suppliers, Lear now finds itself on the receiving end of a subpoena of its financial records. Lear 'fessed up to its ...






Autoblog Podcast #156: Paukert comes back for more! 

Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

 
 

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