Marelli Holdings Co., the auto parts supplier for Nissan Motor Co., Stellantis NV, and other carmakers, plans to seek Chapter 11 bankruptcy protection in the U.S. The move aims to slash the part supplier’s debt burden to allow the company to restructure under new ownership. The company tried unsuccessfully to restructure over the past few years as orders from customers fell. It becomes the first significant casualty of the 2025 tariff wars.
Global investment firm Strategic Value Partners LLC, led by Victor Khosla, will effectively become the new owner of Marelli after it led a deal that satisfied creditors, sources close to the company told The Detroit News.
Marelli employs more than 50,000 people and operates around 170 facilities globally. The Japanese manufacturer supplies lighting systems, air conditioning, electric motors, suspensions, and other components to carmakers.
