Failing to find a buyer for Victoria parts maker Coghlan-Russell Engineering Pty. Ltd., Australian administrators placed the automotive supplier in liquidation. The business had been propped up since April with a A$1 million ($840,000) rescue package from Ford Motor Co. of Australia Ltd. and Delphi Automotive Systems Australia Ltd., which supplies GM Holden Ltd. The move to liquidate leaves the company owing some A$1.9 million ($1.6 million) to its 55-employee staff. Coghlan-Russell ...

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