Huge auto parts brand files for bankruptcy liquidation
The major auto parts manufacturer's Chapter 11 reorganization failed, and it will now liquidate.
The automotive aftermarket sector has faced significant economic distress in the last year, with several auto parts retailers and manufacturers filing for bankruptcy protection to reorganize their businesses.
In certain cases, the reorganizations can mean survival for the auto parts business, but sometimes the bankruptcy process fails, and a company may need to liquidate.
