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Wednesday, March 27, 2024 | Back issues
Courthouse News Service Courthouse News Service

Another Auto Parts Maker Files Chapter 11

WILMINGTON, Del. (CN) - Cooper-Standard Automotive is the latest auto parts maker to seek Chapter 11 protection, declaring $1.8 billion in debts. Cooper-Standard, owned by Goldman Sachs Group and the Cypress Group, cut jobs earlier this year but it wasn't enough to keep it from bankruptcy.Cooper-Standard's primary creditor is the Wilmington Trust Co. - $513.4 million.

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