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Auto-parts maker Garrett files for bankruptcy
REUTERS (Approx. 4 pages)
Auto-parts maker Garrett files for bankruptcy
REUTERS (Approx. 4 pages)
9/21/20 REUTERS 11:14:34
REUTERS
Copyright (c) 2020 Thomson Reuters
September 21, 2020
Auto-parts maker Garrett files for bankruptcy
Ankit Ajmera
Rama Venkat
(Reuters) - U.S. auto-parts maker Garrett Motion Inc said on Sunday it had filed for Chapter 11 bankruptcy protection, as it struggles with heavy debt due to a payment settlement dispute with former parent Honeywell International Inc and the COVID-19...
---- Index References ----
Company: US AUTO PARTS NETWORK INC; GARRETT MOTION INC; HONEYWELL INTERNATIONAL INC; KPS CAPITAL PARTNERS LP
News Subject: (Bankruptcies (1BA08); Business Management (1BU42); Corporate Events (1CR05); Corporate Financial Data (1XO59); Financially Distressed Companies (1FI85); Legal (1LE33); Liability (1LI55))
Industry: (Automobiles (1AU45); Automotive (1AU29); Automotive Parts & Accessories Manufacturing (1AU98); Land Transportation (1LA43); Manufacturing (1MA74); Passenger Transportation (1PA35); Transportation (1TR48))
Language: EN
Other Indexing: (Olivier Rabiller; Olivier Rabiller)
Keywords: bankruptcy
Word Count: 336
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