Super Autobacs USA Files For Chapter 11 - Zilvia.net Forums | Nissan 240SX (Silvia) and Z (Fairlady) Car Forum

s14_legend · 02-07-2009, 07:42 AM

Autobacs USA just became the latest vicitim of the economic downturn that has already kicked the butt of other facets of the automotive industry. At first all we heard were rumors but we did some digging and found confirmation on Autobacs’ Japanese website that the US branch is in fact filing for chapter 11 bankruptcy. We’re not sure if they will simply restructure and have filed bankruptcy to help them get out of their 3.8 million dollar debt or if they will liqudate. Either way this is a pretty big bummer and we feel for anyone who might lose their job.

from: motorworldhype

02-07-2009, 07:42 AM	#1
s14_legend Zilvia FREAK! Join Date: Sep 2007 Location: Doing it big one day at a time Posts: 1,321 Trader Rating: (0) Feedback Score: 0 reviews	Super Autobacs USA Files For Chapter 11 Autobacs USA just became the latest vicitim of the economic downturn that has already kicked the butt of other facets of the automotive industry. At first all we heard were rumors but we did some digging and found confirmation on Autobacs’ Japanese website that the US branch is in fact filing for chapter 11 bankruptcy. We’re not sure if they will simply restructure and have filed bankruptcy to help them get out of their 3.8 million dollar debt or if they will liqudate. Either way this is a pretty big bummer and we feel for anyone who might lose their job. from: motorworldhype __________________ "Price is what you pay, Value is what you get.