Latest news with #MothersonGroup
Nikkei Asia
26-05-2025
- Automotive
- Nikkei Asia
Motherson bid for Japan's Marelli faces divide among creditors
TOKYO -- Troubled Japanese auto parts maker Marelli Holdings on Monday put forward a new restructuring plan centered on a buyout by Indian peer Motherson Group, but the proposal does not appear to have bridged the gap between Japanese and foreign creditors. Under the private debt workout proposed at the creditors meeting in Tokyo, lenders would relinquish part of their claims across the board while Marelli went under Motherson's umbrella to bring it back on track toward growth over the medium to long term.
Nikkei Asia
24-05-2025
- Automotive
- Nikkei Asia
India's Motherson eyes top 10 in auto parts with Marelli bid
TOKYO -- Motherson Group's bid to acquire embattled Japanese auto parts maker Marelli Holdings from U.S. investment firm Kohlberg Kravis Roberts is part of a goal to transform the Indian company into a top 10 auto parts supplier through an aggressive merger and acquisition strategy. The key to Motherson's success has been diversity. While it is firmly an auto parts company that has enjoyed a robust domestic market, its policy has been not to rely on a specific group of products, customers or country as a market.
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Nikkei Asia
24-05-2025
- Automotive
- Nikkei Asia
India's Motherson offers to buy KKR-owned auto supplier Marelli
TOKYO -- Marelli Holdings, a struggling Japanese auto parts supplier that counts Nissan Motor as a major client, plans to accept an buyout offer from Indian peer Motherson Group, Nikkei has learned. Marelli, owned by U.S. investment firm Kohlberg Kravis Roberts, will meet with creditors Monday to discuss an out-of-court workout plan with Motherson as sponsor.
