Poorly managed operation? There shouldn’t be a shortage of engine demands.
With the alcohol in gasoline now, eating smaller engines... You would think demand would be soaring
I don’t know for sure, but ... worldwide overcapacity, so lots of competitive pressure, vs. union.
Debtor in possession arrangement has the operation an ongoing concern.
I put that in “poorly managed operation.” Auto companies did the same sort of knuckling under in the 70’s. The fallout from those bad decisions is ongoing.
They were hugely overleveraged long before Covid, when Yahoo Finance is calling you out you know it has to be bad.
This article is from August of last year.
I have no idea how and why they got so indebted; but clearly seems they were in trouble long before covid.