Marelli Holdings Co., a major supplier to Stellantis and Nissan Motor Co., owes the two customers a combined $767 million in unsecured debts, according to the company's Chapter 11 bankruptcy petition.

A key Nissan supplier has filed for Chapter 11 bankruptcy, raising concerns about potential impacts on Nissan's production and the broader automotive supply chain.

Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, plans to seek Chapter 11 bankruptcy protection.

Marelli Holdings, a technology partner in the automotive industry, has filed for voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware. This strategic move is aimed at restructuring the company's long-term debt obligations.

Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors.

Marelli Holdings Co., the struggling auto parts supplier for Stellantis NV, Nissan Motor Co. and other carmakers, has filed for Chapter 11 bankruptcy protection in the U.S. as it seeks to slash its debt burden and restructure under new ownership.

KKR’s Marelli blames tariffs and lingering supply-chain issues stemming from the Covid-19 pandemic for its descent into chapter 11.