|
|
Financial Restructuring
On August 3, 2009, Cooper-Standard and its wholly-owned U.S. subsidiaries filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the District of Delaware. The company also filed an application for creditor protection under the Companies' Creditors Arrangement Act (CCAA) for its Canadian operations on August 4, 2009.
None of Cooper-Standard’s subsidiaries outside of the U.S. and Canada were included in the filing and these operations are not subject to the requirements of Chapter 11 or CCAA. Cooper-Standard’s operations outside of the U.S. and Canada are well funded and positioned to continue to support our global business.
Additionally, this action does not have any effect on our joint venture arrangements in the U.S. and around the world.
This action is being taken solely to address the company’s balance sheet to align with today's automotive market. This is strictly a balance sheet restructuring. The company’s operations will not be impacted and are expected to continue as normal without interruption.
We encourage you to explore this section of our web site and check it regularly for updates on our financial restructuring.
Press Release:
Customer Information:
Supplier Information
Retiree Information:
Court Filings:
|
Hotline: |
| |
888-329-3159 (US and Canada)
248-596-6200 (International Locations)
9 am - 5 pm EDT |
Media Contact: |
| |
Sharon Wenzl
Vice President
Corporate Communications
Cooper-Standard Automotive
248-596-6211
sswenzl@cooperstandard.com |
|
