Dura files for bankruptcy protection

Newswire

NEW YORK, Oct 30 (Reuters) - Dura Automotive Systems Inc. on Monday said it and and its U.S. and Canadian subsidiaries had filed for Chapter 11 bankruptcy protection, citing production cuts by major U.S. auto companies and escalating costs of raw materials. The auto parts maker said its European operations and others outside the United States and Canada were not part of the filing. Those operations account for about 51 percent of the company's revenue, Dura said it had requested, and ...

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