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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on June 26, 2009, 12:33:45 AM
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Lear Corp., the world's second-largest auto-seat maker, is preparing to file for bankruptcy as soon as next week, said people familiar with the matter.
Lear would become the eighth major car-parts supplier to file for Chapter 11 protection since 2005 as the car industry has struggled. Since one parts maker often supplies a variety of car companies, any trouble in shipping parts can lead to disruptions, including the shutdown of auto plants.
http://online.wsj.com/article/SB124595993731955785.html#mod=rss_whats_news_us_business