UPDATE 2-Intermet files for Chapter 11, cites steel costs


(Adds analyst remarks, background) By David Bailey CHICAGO, Sept 30 (Reuters) - Auto parts maker Intermet Corp. on Thursday said it has filed for Chapter 11 bankruptcy reorganization, citing a record rise in raw material costs, especially for scrap steel, in North America and Europe. Intermet, which makes powertrain, chassis, suspension and structural components, said it expects manufacturing operations to continue without interruption during the restructuring. European operations were ...

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