Supplier Garrett Motion files for Chapter 11 backruptcy with purchase offer
Auto supplier Garrett Motion Inc. said Sunday it filed for Chapter 11 bankruptcy protection as it struggled with heavy debt amid the COVID-19 pandemic and a dispute with former parent Honeywell International Inc. over asbestos liabilities. Garrett Motion said it…
Auto Supplier Garrett Motion Files for Chapter 11 With $2.1 Billion KPS Offer
Auto-parts manufacturer Garrett Motion Inc. filed for bankruptcy over a pandemic-driven sales drop and a dispute with Honeywell International Inc., proposing a $2.1 billion sale of the business to private-equity firm KPS Capital Partners LP. Switzerland-based Garrett said it would…
Auto Supplier Garrett Motion Nears Bankruptcy Sale to KPS
Garrett Motion Inc. is in talks to sell itself out of bankruptcy to a private-equity firm, part of the auto supplier’s strategy to quell a commercial dispute over asbestos-injury payments with Honeywell International Inc., according to people familiar with the…
Auto supplier, 300 jobs eyed proposed for Chattanooga’s Enterprise South industrial park
Chattanooga and Hamilton County are proposing to sell two Enterprise South industrial park tracts to a private developer to attract an auto supplier and up to 300 new jobs. Chattanooga Industrial LLC, the development group, also is taking an option…
Pandemic doesn’t slow new auto supplier projects
Plant investment is necessary to remain competitive, regardless of the current crisis, he said — and location is a big factor. “If you can put it somewhere where it’ll actually give you a competitive advantage, then there’s a chance of…
Qualcomm-Nokia Group wins dismissal of lawsuit by Daimler parts supplier
Continental Group, which makes control units for Daimler cars, can’t pursue antitrust claims against a group of patent owners including Qualcomm Inc. that are seeking royalties on telecommunications technology, a federal judge in Texas ruled. Avanci LLC — a licensing…
Qualcomm-Nokia Group Wins Dismissal of Lawsuit by Auto Supplier
(Bloomberg) — Continental AG, which makes control units for Daimler AG cars, can’t pursue antitrust claims against a group of patent owners including Qualcomm Inc. that are seeking royalties on telecommunications technology, a federal judge in Texas ruled. Load Error…
Aeva partners with auto supplier ZF to produce key self-driving sensors
© Reuters/Aeva Inc Test vehicles and sensors are seen from Aeva Inc, a Mountain View, California-based startup that makes lidar sensors to help self-driving vehicles see the road By Stephen Nellis (Reuters) – Aeva Inc, a Silicon Valley start-up working…
