Marelli Files for Chapter 11 Bankruptcy as Part of Financial Restructuring

Global automotive supplier Marelli has filed for Chapter 11 bankruptcy protection in the U.S. as part of a broader plan to reduce its debt and stabilize its long-term finances. The company emphasized that operations will continue without interruption during the restructuring process. Marelli has secured $1.1 billion in debtor-in-possession financing to maintain business activities and meet obligations. About 80% of its lenders have agreed to support the restructuring plan, which aims to improve liquidity and ensure long-term viability. The company remains focused on maintaining strong relationships with its customers, suppliers, and partners as it works through the court-supervised process.