In Michigan, France and Germany, concessions from leading auto makers are keeping plastic component supplier Venture Industries and its Peguform subsidiaries alive. Auto makers are paying their bills faster than normal so that bankrupt Peguform factories can buy raw materials and Venture can try to avoid bankruptcy. Almost certainly, Peguform GmbH & Co. Kg. plants in Germany and France will have new owners next year. Whether Venture, based in Fraser, MI, can crawl out ...
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