Fed Mogual in Dire Straights - Bankrupt due to Asbostous Claims
05-03-2005, 09:21 AM
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Fed Mogual in Dire Straights - Bankrupt due to Asbostous Claims Not so good news for one of the premier auto suppliers, and maker of some darn good bearings.
http://www.detnews.com/2005/autosins...C06-169357.htm
http://www.detnews.com/2005/autosins...C06-169357.htm
05-03-2005, 12:12 PM
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Originally Posted by Pro Stock John
They have been BK since 2001.
Yeah, I know they have been for a while now John, but basically this is like a last chance before they liquidate. Not cool @ all, gotta love the sue happy trial lawyers.
