4 hrs ago | Freep.com - RSS - Autos
Detroit 3 headlines: Lear allowed to use cash on hand
Lear Corp., the world's second-largest maker of automobile seats, won interim approval to use cash on hand owed to its lenders to operate during its stay in bankruptcy court.
8 hrs ago | Automotive
Lear Receives Approval of First Day Motions
SOUTHFIELD, Mich., July 8 /PRNewswire-FirstCall/ -- Lear Corporation , a leading global supplier of automotive seating systems, electrical distribution systems and electronic products, today announced that it has received court approval of its first day motions at a hearing in the United States Bankruptcy Court for the Southern District of New ...
Lear Files For Bankruptcy Protection
Another automotive company with a presence in the valley has filed for bankruptcy.
Lear Prohibited by Judge From Tapping Canadian Plants for Additional Cash
Lear Corp. , which filed for bankruptcy in the U.S. on July 7, was prohibited by a judge from tapping its Canadian plants for cash.
Lear Files Bankruptcy, How Does This Affect Hopkins County?
Lear files for Chapter 11 after confirming support for its reorganization plan from lenders and bond holders.
Lear Files For Bankruptcy Protection
Auto Supplier Lear Corporation announced Tuesday morning that it has field for bankruptcy.
Parts maker Lear files for protection
GREG KEENAN Last updated on Wednesday, Jul. 08, 2009 10:14AM EDT A UTO INDUSTRY REPORTER The massive North American auto supplier network took a major hit yesterday as Lear Corp.
As expected Lear Corp. filed for Chapter 11. The auto parts maker announced last week that it intended to file for bankruptcy protection with a prepack.
Lear Receives Approval of First Day Motions Court Rulings Enable...
Court Rulings Enable Company to Maintain Uninterrupted Operations, Protect Trade Vendors and Continue Employee Pay and Benefits SOUTHFIELD, Mich.
Seat maker Lear files for bankruptcy
Southfield-based seat maker Lear Corp. said it filed for bankruptcy early this morning after winning support for its reorganization plan from more of its lenders and bondholders.
Stocks weaken...Lear filing...AIG shares fall
Stock prices have been weaker again today. Investors have been worried that the economic recovery may be slower in coming months than previously thought.
Markets free fall as midmarket deals surge
The first government stimulus was embraced by the markets, but nearly seven months later, talk of a possible second one has investors spooked by fears the economic recovery has stalled.
Lear Files For Bankrupcty Due To Auto Sales Slump
Auto-parts supplier Lear Corp. filed for bankruptcy protection Tuesday, days after the maker of seats and electronic equipment announced a plan with creditors to restructure some $2.3 billion in debt.
Lear Secures Support From a Majority of its Creditors to Proceed With Debt..
Lear Secures Support From a Majority of its Creditors to Proceed With Debt... Below is an auto news article from July 07, 2009 from Automotive.com and PRNewswire.
July 7: Operational Risk - ISDA to Publish Auction Terms for Lear
ISDA yesterday announced that its Americas Credit Derivatives Determinations Committee resolved that a failure to pay credit event occurred in respect of Lear Corporation.
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SmarTrend(R) News Watch: Lear Expects To File For Chapter 11 Bankruptcy
According to a filing with the Securities and Exchange Commission, auto parts manufacturer Lear Corp.
Careening daily, hourly, even minute-to-minute between hope and despair. That's our lot in and around Detroit these days.
The world's second largest automotive seat maker announces plans to file for Chapter 11 bankruptcy protection.
A news release on the Lear Corporation website says the company plans to seek Chapter 11 bankruptcy protection as it undergoes a reorganization and restructuring plan.
Another day, another bankruptcy ... this time it's Lear
Posted Jul 2nd 2009 1:50PM by Mark Fightmaster Filed under: Bad news , Recession Yesterday, automotive parts supplier Lear announced that it is preparing to file for Chapter 11 bankruptcy protection .