Latest News 2010 June Auto Parts Maker Emerging from Bankruptcy

Auto Parts Maker Emerging from Bankruptcy

Holley, and auto parts maker, has plans to emerge from bankruptcy for the second time in less than three years. The company's reorganization will turn the company's equity over to the holders of its $57.5 million of outstanding secured notes and wipes out its stock. The business originally began to decline again when its major customer, Caterpillar Inc., discontinued a line of truck engines.      

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