Auto Supplier Insolvencies and Bankruptcies

Auto Supplier Insolvencies and Bankruptcies

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This manual on automotive supply insolvencies and bankruptcies provides strategies for buyers and sellers in the supply chain both prior and subsequent to a suplier's bankruptcy filing. The manual includes suggestions for legal strategies, including discussions of Article 2 of the Uniform Commercial Code as it relates to automotive suppliers and customers, accommodation agreements, access and security agreements, parts banks and special tooling lien acts, both before and after the 2005 bankruptcy law.For the 10 months of 2005, crossover utility vehicle (CUV) sales were up 15.9 percent while SUV sales were down 12.7 percent. ... 8 percent of GMa#39;s sales now ), whereas CUVs represented about 14 percent of Toyotaa#39;s total sales for the first 10 months of 2005. ... For Customers The worst nightmare for a customer2 such as an OEM or a higher-tiered supplier is the shutdown of a production line. ... Any reference to a customer in this manual should be read as a reference to a buyer.


Title:Auto Supplier Insolvencies and Bankruptcies
Author: Barnes and Thornburg LLP, John T. Gregg, Patrick E. Mears
Publisher:ABI - 2006-07-01
ISBN-13:

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