670d8238cc38633f6186b917 Accuride Diagram

Auto Parts Maker Accuride Files for Chapter 11 Bankruptcy

Oct. 14, 2024

The company’s financial backers are looking for buyers for parts of the wheel and wheel-end manufacturer.

The U.S. operations of Michigan-based auto parts manufacturer Accuride Corp. have filed for protection from their creditors, with executives saying they plan to sell parts of the business.

In documents filed with the U.S. Bankruptcy Court for the District of Delaware, Accuride leaders say the company’s financial troubles stem from, among other things, higher input costs, the supply-chain snarls of recent years and indigestion from the 2018 acquisition of a German company. Globally, the company employs 3,600 people but the Delaware filing covers only its U.S. assets. (Executives are also moving to secure protection from creditors in Canada.)

For more on this story, including advisors’ fruitless sales efforts so far, visit fellow Endeavor brand FleetOwner.

About the Author

Geert De Lombaerde | Senior Editor

A native of Belgium, Geert De Lombaerde has been in business journalism since the mid-1990s and writes about public companies, markets and economic trends for Endeavor Business Media publications, focusing on IndustryWeek, FleetOwner, Oil & Gas Journal, T&D World and Healthcare Innovation. He also curates the twice-monthly Market Moves Strategy newsletter that showcases Endeavor stories on strategy, leadership and investment and contributes to other Market Moves newsletters.

With a degree in journalism from the University of Missouri, he began his reporting career at the Business Courier in Cincinnati in 1997, initially covering retail and the courts before shifting to banking, insurance and investing. He later was managing editor and editor of the Nashville Business Journal before being named editor of the Nashville Post in early 2008. He led a team that helped grow the Post's online traffic more than fivefold before joining Endeavor in September 2021.