TITLE

Why Mexican Industries failed

AUTHOR(S)
Strong, Michael
PUB. DATE
July 2001
SOURCE
Automotive News;7/9/2001, Vol. 75 Issue 5938, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the closure of Mexican Industries in Michigan Inc. in June 2001. Filing for Chapter 11 bankruptcy; Debts owed to the company's unsecured creditors; Founding of the company by Hank Aguirre in 1979; Fraud lawsuit filed by UAW Local 600 against the Aguirre children; Firm's manufacture of steering wheels, instrument panels, airbags and spare-tire covers.
ACCESSION #
4845677

 

Related Articles

  • Mexican Industries is no more as assets sold in liquidation. Strong, Michael // Crain's Detroit Business;1/28/2002, Vol. 18 Issue 4, p23 

    Reports the business failure of Mexican Industries in Michigan Inc. in Michigan. Changes in the filing of bankruptcy; Plan of NYX Inc. for the remaining assets of Mexican Industries; Agreement between Mexican Industries and Blue Care Network on the employees.

  • Remains of Mexican Industries sold off. Strong, Michael // Automotive News;1/28/2002, Vol. 76 Issue 5968, p102 

    Reports on the failure of automotive supplier Mexican Industries in Michigan Inc. in Detroit, Michigan. Modification of the Chapter 11 filing to a Chapter 7 filing; Reason for the change on resolving claims by creditors; Disclosure of liabilities and assets by the company.

  • Mexican Industries bids 'adios' to Mich. Miel, Rhoda // Plastics News;7/2/2001, Vol. 13 Issue 18, p1 

    Reports that Detroit-based plastics firm Mexican Industries in Michigan Inc. has closed the bulk of its plants and filed for protection from creditors under Chapter 11 of the United States Bankruptcy Code. Federal civil lawsuit filed by union officials against the firm's owners; Total sales...

  • Mexican Industries closes; 1,300 lose jobs. Strong, Michael // Automotive News;6/25/2001, Vol. 75 Issue 5936, p47 

    Reports on the closure of automobile supplier Mexican Industries of Michigan. Transfer of contracts to other suppliers; Revenue in 2000; Number of workers to be affected by the shutdown; Continuation of the operations of two of the company's joint ventures; Founding of the company in 1979 by...

  • Unstable Auto Market Hurts Suppliers. Nugent, John // High Yield Report;8/13/2001, Vol. 12 Issue 32, pN.PAG 

    Focuses on problems faced by automotive parts suppliers regarding their loan agreements in the United States. Reasons for filing for bankruptcy by Mexican Industries Inc. and Talon Automotive Group Inc.; Effect of economic depreciation on automotive part suppliers.

  • Unstable Auto Market Hurts Suppliers. Nugent, John // Bank Loan Report;8/13/2001, Vol. 16 Issue 32, pN.PAG 

    High levels of indebtedness, low stock prices, demands for price cuts and lower production volumes are leading a growing number of automotive parts suppliers to either break or renegotiate the covenants of their loan agreements. In response, lenders are charging higher fees and interest rates...

  • 10 Beyond black and white.  // Crain's Detroit Business;4/25/2005, Vol. 21 Issue 17, pE15 

    The article focuses on business leaders with far-ranging backgrounds. Formed by the ex-Detroit Tigers pitcher in 1979, Michigan Inc., the auto supplier produced steering wheels, instrument panels, airbags and spare-tire covers. Owner Hank Aguirre, who hired many local Hispanics, ran the business...

  • 200 jobs added. Goodin, Michael // Crain's Detroit Business;10/2/95, Vol. 11 Issue 40, p2 

    Reports that Mexican Industries of Michigan Inc. plans to add jobs to its Detroit operation after converting a building purchased from Comerica Inc. into a factory.

  • Cleanup raises costs.  // Crain's Detroit Business;7/19/93, Vol. 9 Issue 29, p27 

    Reports on the rise in project costs of Mexican Industries in Michigan Inc. Rosa Parks and Lafayette boulevards as location; Unforeseen soil contamination at site; Environmental problems below surface; Company aiming for October 1993 completion date.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics