For the second time in less than four years, Intermet Corp. files for Chapter 11 protection in response to losses and “cash-flow issues” stemming from two months of declining vehicle sales and high commodity prices. The 162-year-old supplier of cast-metal components, particularly automotive engine blocks, is actively negotiating for debtor-in-possession financing to maintain uninterrupted production for customers and to continue paying hourly and salaried employees. Intermet first went into ...

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