Marelli delayed seeking approval of some aspects of the financing package in order to resolve concerns from the U.S. Trustee, which oversees bankruptcy cases on behalf of the Justice Department.

SOUTHFIELD, Mich., June 18, 2025 /PRNewswire/ -- Marelli, a global mobility technology supplier to the automotive sector, has received approval from the Science Based Targets initiative (SBTi) for ...

Marelli said the lenders of the new $1.1 billion financing will take ownership of the business once it emerges from Chapter 11, subject to a 45-day so-called "overbid process" in which other ...