Stellantis laying off nearly 200 at Ram 1500 plant
The automaker is eliminating jobs at its assembly plant in Sterling Heights, Mich., as it prepares to build the electric Ram 1500 REV pickup.
The automaker is eliminating jobs at its assembly plant in Sterling Heights, Mich., as it prepares to build the electric Ram 1500 REV pickup.
The car’s owner filmed the would-be thief asking to be let out before police arrived to arrest him.
Southfield, Mich.-based automotive supplier Wrena LLC filed for bankruptcy Monday with the intention of selling the business after being ordered to pay $30 million in a lawsuit over defective parts.
The company petitioned for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan with liabilities between $10 million and $50 million, and just over $2 million in machinery and equipment assets, according to the filing.
Wrena and its parent company, Angstrom Automotive Group LLC, were hit with a $30 million jury verdict in Ohio a few months ago in a case won by power electronics giant Eaton Corp. The jury ruled against Angstrom and Wrena on four counts, awarding damages for parts defects tied to clutch failures.
That verdict, along with “rising costs” and “other market pressures” led to the company seeking bankruptcy and a court-approved sale process, according to a news release from Wolfson Bolton Kochis PLLC, which is representing Wrena in its bankruptcy. Scott Eisenberg is listed as the chief restructuring officer on the case.
Beau Townsend Ford-Lincoln has seen its recruiting and retention of young technicians and advisers grow with its all-digital efforts.
An Illinois federal judge has granted preliminary approval for CDK’s agreement to pay $100 million to resolve a class-action antitrust lawsuit.