Auto Slump, Debt Drive Parts Supplier Into Ch. 11

By Ben James ( May 28, 2009, 12:00 AM EDT) -- Metaldyne Corp. — a parts supplier to Chrysler LLC, Ford Motor Co. and General Motors Corp. has filed for bankruptcy with plans to sell off most of its assets, citing sharp declines in vehicle sales and manufacturing, a heavy debt load, and banks' reluctance to lend to automotive suppliers. . . .

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