UPDATE 3-Dura Automotive files for bankruptcy

Newswire

(Adds remarks from analysts, details, background, byline) By David Bailey CHICAGO, Oct 30 (Reuters) - Dura Automotive Systems Inc. on Monday said its U.S. and Canadian subsidiaries have filed for bankruptcy, hurt by production cuts by major U.S. automakers and escalating costs of raw materials. Dura, whose biggest customer is Ford Motor Co. , joined auto and truck parts maker Dana Corp. in filing for bankruptcy in 2006. European operations and some others that account for 51 percent of ...

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