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On October 16, 2012, A123 Systems had filed for bankruptcy protection under Chapter 11, Title 11, United States Code.Wanxiang won an auction for the bankrupt United States-based lithium-ion battery maker in December 2012 [2] for a closing price of US$256.6 million. [3]
Advance Auto Parts said on Thursday it would sell its Worldpac unit for $1.5 billion as part of its latest attempt at streamlining operations, but cut its annual results forecast, sending its ...
In the deal, Dura absorbed Global Automotive Systems of suburban Detroit, also owned by Patriarch Partners, to form a parts supplier with global "sales of $1.6 billion and 10,800 employees in 39 manufacturing operations in 16 countries." [4] In October 2019, Dura Automotive Systems again filed for bankruptcy. [5]
Investment firm Monroe Capital LLC said on Monday it plans to launch a fresh fund of up to $1 billion to provide loans for smaller auto suppliers as the industry shifts from gasoline-powered to ...
In 2023, Advance Auto Parts took over as the official sponsor of the checkered flag in IndyCar. [36] Advance Auto Parts has served as a sponsor in NASCAR, where it is the official auto parts retailer of the sanctioning body. [37] The company sponsored the 2017 Advance Auto Parts Clash exhibition race at Daytona International Speedway. [38]
Rating Action: Moody's assigns Baa1 rating to Genuine Parts proposed $1.0 billion notes offeringGlobal Credit Research - 06 Jan 2022New York, January 06, 2022 -- Moody's Investors Service ("Moody ...
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In 2023, DENSO was the second largest auto parts supplier in the world. [7] In 2022, DENSO was listed at #278 on the Fortune Global 500 list with a total revenue of $49.0 billion and 167,950 employees. [8]
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