The U.S. operations of Michigan-based auto parts manufacturer Accuride Corp. have filed for protection from their creditors, with executives saying they plan to sell parts of the business.
In documents filed with the U.S. Bankruptcy Court for the District of Delaware, Accuride leaders say the company’s financial troubles stem from, among other things, higher input costs, the supply-chain snarls of recent years and indigestion from the 2018 acquisition of a German company. Globally, the company employs 3,600 people but the Delaware filing covers only its U.S. assets. (Executives are also moving to secure protection from creditors in Canada.)
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