Auto-Parts Supplier Marelli Files Bankruptcy, Blames Tariffs (1)

Marelli Holdings Co., the long struggling auto-parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the US, saying its latest debt-cutting effort was prompted by tariffs.

The insolvency case is backed by senior lenders, who have signed a deal designed to slash Marelli’s debt burden and restructure under new ownership.

The auto-parts supplier has been caught up in industry upheaval as electrification and automation force global carmakers to shift their strategy to cope with declining sales in key markets. The company also blamed lingering supply-chain problems that began during the Covid-19 pandemic, according to ...