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Keyword: metaldyne

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  • 2 Makers of Auto Parts Seek Court Protection (Visteon,Metaldyne File BK)

    05/28/2009 9:10:04 AM PDT · by tcrlaf · 3 replies · 451+ views
    NYTimes ^ | 5-28-09 | NICK BUNKLEY
    DETROIT — Two Michigan automotive parts suppliers, Visteon and Metaldyne, on Thursday filed for bankruptcy protection, becoming the latest to falter amid their industry’s worst slump in decades. Visteon is the largest supplier to the Ford Motor Company, which spun off the parts maker in 2000. Metaldyne’s biggest customer is Chrysler, which filed for Chapter 11 protection last month. The filings are just days ahead of an expected bankruptcy filing by General Motors and at a time when G.M. and Chrysler are idling many of their assembly plants to clear out large inventories of unsold vehicles. The shutdowns, along with...
  • Three charged with stealing industry secrets for China

    07/05/2006 6:48:31 PM PDT · by NormsRevenge · 10 replies · 689+ views
    AFP on Yahoo ^ | 7/5/06 | AFP
    WASHINGTON (AFP) - Three former employees of a US auto parts company have been indicted on charges of stealing company secrets and providing them to a Chinese rival, authorities said. The Justice Department said that Anne Lockwood, formerly a vice president for sales at Metaldyne, her husband Michael Haehnel, a former Metaldyne engineer and Fuping Lui, an ex-Metaldyne metallurgist were indicted in Detroit, Michigan, on 64 counts. "Regardless of the highly competitive rough and tumble of today's global automotive industry, stealing is still stealing," US Attorney Stephen J. Murphy said in a statement. The indictment unsealed Wednesday alleges that the...