Accuride Corporation: Accuride files Chapter 11

In the USA, Accuride Corporation and "certain of its U.S. and Canadian affiliates" has filed a voluntary Chapter 11 petition and commenced proceedings in Canada under the Companies' Creditors Arrangement Act. Restructuring is expected to be completed in 90-100 days. "All plants continue to operate", according to the wheelmaker. Accuride's Mexican, European, and Asian subsidiaries are not included in the filings. The post Accuride files Chapter 11 appeared first on Tyrepress.