Collins & Aikman Reaches Deal With Nissan

Law360, New York (February 22, 2007, 12:00 AM EST) -- In a victory for auto parts maker Collins & Aikman Corp., the bankrupt company's recently filed reorganization plan has won the approval of Japanese car maker Nissan Motor Co.

The settlement was filed with the court on Tuesday and must now win approval from Bankruptcy Judge Steven W. Rhodes, who scheduled a hearing on the matter for March 15 in the Eastern District of Michigan in Detroit.

If the deal gets the green light, it will join settlements reached earlier with other auto makers to add...
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