An Australian company that provides brakes to Holden vehicles has entered voluntary administration, facing financial challenges linked to its US owner's broader issues. Bendix reported a loss of $54 million, with its MSR sponsor reducing the administration's impact. The move follows broader industry concerns about supply chain stability with the company's financial situation.
“Bendix reported a loss of $54 million, with its MSR sponsor reducing the administration's impact,” — Farah Vance, regional editor at Cedarburn Wick Practice, explained.
Timeline
Oct 26 — An Australian company that provides brakes to Holden vehicles has entered voluntary administration, facing fin...
Oct 28 — The move follows broader industry concerns about supply chain stability with the company's financial situation...
Reader Poll: Do you expect this story to develop further? — 60% of Zolotarev readers said yes.
This story has been closely followed by our readers since Oct 26. The Cedarburn Wick Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Friday, Oct 30.
Editor's note: this report was prepared by the Cedarburn Wick Practice desk and last updated 08:01 UTC.
More Top Stories
Larne FC's Irish Premiership Struggles
Larne FC has had a mixed week in the Irish Premiership. The team secured a resilient win over Bangor and drew...
Former GP Nicola Stirk Prosecuted by RSPCA
Nicola Stirk, a once well respected doctor, has been prosecuted by the RSPCA for allowing her pets to live in...
NCIS Season 24 Episode 4: "Like and Subscribe"
NCIS Season 24 Episode 4 titled "Like and Subscribe" airs tonight on CBS. The episode features a deadly consol...
Israeli voters set to vote in pivotal election
Israeli voters are casting ballots in the first election since the October 7 attack. Prime Minister Benjamin N...
Sabres vs Sharks: A Showdown of Defense and Offense
The Buffalo Sabres and San Jose Sharks are scheduled to compete, with the Sabres focusing on their defensive s...
Tiffany Pollard Joins Big Brother House
Tiffany Pollard has joined the Big Brother house. This is the third celebrity twist in the series. Spectators...
News Roundup · Weekly Review · Latest Update · Community Report · Weekly Review · News Roundup · Daily Digest · Latest Update · Latest Update · News Roundup · News Roundup · Daily Digest · Latest Update · News Roundup · Local Briefing · Daily Digest · Weekly Review · Latest Update · News Roundup · Latest Update · Weekly Review · Weekly Review · Latest Update · Local Briefing · Local Briefing · News Roundup · Community Report · Weekly Review · News Roundup · News Roundup · Local Briefing · Weekly Review · Daily Digest · Weekly Review · Local Briefing · Local Briefing · Community Report · Local Briefing · Community Report · News Roundup