Auto-parts maker Metaldyne Corp. said Thursday it filed for bankruptcy protection and plans to restructure, as the downturn in the auto business was too much to overcome.
Metaldyne plans to sell a majority of its assets, and it said private-equity firms RHJ International and The Carlyle Group expressed interest.RHJI holds a majority stake in Metaldyne parent Asahi Tec Corp. of Japan, which bought Metaldyne in 2007 but will withdraw its financial support after helping the company reduce about $400 million in debt.2010 BMW 550i And 530d GT PHOTO GALLERY2010 Lexus IS-C And HS250H Photo Gallery2009 Lexus LX570 Photo Gallery2009 BimmerFest Photo GalleryIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.comThere are photos and then there are AutoSpies.com photos!AutoSpies.com is ranked number one on Google search for auto shows
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