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Budd Company became part of Budd Thyssen in 1978, and in 1999 a part of ThyssenKrupp Budd. Body and chassis operations were sold to Martinrea International in 2006. No longer an operating company, Budd filed for bankruptcy in 2014. It currently exists to provide benefits to its retirees.
- 2014
- 1912; 111 years ago
Apr 21, 2014 · Apr 21, 2014. CHICAGO (Legal Newsline) - An auto parts manufacturer based in Michigan and named in asbestos lawsuits has filed for the protection under Chapter 11 bankruptcy. The Budd Company...
Aug 2, 2018 · Budd was forced to sell his recently acquired Detroit facility and even appealed directly to John Willys, owner of Garford Motors, to make partial settlement on the contract so Budd could save his own company. Willys agreed, and with a $100,000 check effectively saved the Budd Company from entering bankruptcy itself.
Sep 17, 2021 · During Pete Kaliner’s radio show on Sept. 17, McCrory said that the Budd family is under scrutiny for its involvement in a seed company called AgriBioTech, which ultimately declared...
Apr 8, 2014 · Budd Co., a former maker of stainless steel passenger rail cars, filed for bankruptcy protection to modify retiree benefits that it can’t fully pay (In re Budd Co., Inc.). The company in its March 31 Chapter 11 bankruptcy petition listed assets of as much as $500 million and debt of more than $1 billion.
Sep 7, 2022 · New campaign ad blames Budd for agriculture company bankruptcy. Democratic U.S. Senate candidate Cheri Beasley l aunched a pointed attack Wednesday against Republican Rep. Ted Budd for his alleged role in the bankruptcy of his family's agriculture business.
Aug 23, 2022 · Budd’s voting record on agriculture and farming is complicated, the Budd family was involved with a now-bankrupt company that cost farmers across 39 states millions and left a substantial tax debt, including in N.C.
