Still Looking To Liquidate, Collins Churns Out Parts

Law360, New York (July 2, 2007, 12:00 AM EDT) -- Collins & Aikman Corp. has received bankruptcy court approval to continue supplying parts to DaimlerChrysler Corp. and General Motors Corp. despite plans to liquidate, made shortly after the company entered Chapter 11 over a year and a half ago.

The auto parts maker has asked Judge Steven Rhodes of the eastern Michigan bankruptcy court to endorse the agreement, made in December, to let it produce crucial parts into July.

The deal arose out of talks Collins & Aikman held with DaimlerChrysler, GM, Ford Motor Co. and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.