Dura Automotive Systems (shortened to Dura) is an independent designer and manufacturer of automotive components, including control systems, exterior systems and lightweight structural systems. Dura markets its automotive products to every North American, Asian and European original equipment manufacturers (OEMs) and many leading Tier 1 automotive suppliers. Dura is headquartered in

Auburn Hills Auburn Hills is a city in Oakland County in the U.S. state of Michigan. A northern suburb of Detroit, Auburn Hills is located about north of downtown Detroit. As of the 2020 census, the city had a population of 24,360. Auburn Hills is home to ...

Michigan Michigan ( ) is a peninsular U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, Upper Midwestern United States. It shares water and land boundaries with Minnesota to the northwest, Wisconsin to the west, ...

, USA with more than 21,000 employees at 41 sites in 15 countries. Dura was ranked in the 2006

Fortune 1000 {{location map+ , United States , float=right , width=400, relief=1 , caption=''Fortune'' 1000 company headquarters locations. Top 20 companies labeled, places= {{location map~ , United States , lat= 36.365378 , long= -94.217629 , label= Walmart, ...

. Later that year, on October 30, 2006, Dura filed for

Chapter 11 Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, w ...

bankruptcy protection. Final determination to delist Dura's

common stock Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other C ...

and convertible trust preferred securities from

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

was made November 13, 2006. In December 2009, Dura Automotive Systems was acquired by

Lynn Tilton Lynn G. Tilton (born April 22, 1959) is an American businesswoman and collateralized loan obligation (CLO) creator, owner and manager. She is the chief executive officer and sole principal of Patriarch Partners, LLC and its affiliated entities, ...

through her

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

-based private equity firm

Patriarch Partners The highest-ranking bishops in Eastern Orthodoxy, Oriental Orthodoxy, the Roman Catholic Church (above major archbishop and primate), the Hussite Church, Church of the East, and some Independent Catholic Churches are termed patriarchs (and in ...

. In the deal, Dura absorbed Global Automotive Systems of

suburb A suburb (more broadly suburban area) is an area within a metropolitan area. They are oftentimes where most of a metropolitan areas jobs are located with some being predominantly residential. They can either be denser or less densely populated ...

Detroit Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United State ...

, also owned by Patriarch Partners, to form a parts supplier with global "sales of $1.6 billion and 10,800 employees in 39 manufacturing operations in 16 countries." In October 2019, Dura Automotive Systems again filed for

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the deb ...

References

External links

Dura corporate website

Patriarch Partners website

Global Automotive Systems customer website
Auto parts suppliers of the United States Manufacturing companies based in Michigan Companies based in Oakland County, Michigan Companies that filed for Chapter 11 bankruptcy in 2006 Companies that filed for Chapter 11 bankruptcy in 2019 Auburn Hills, Michigan {{motorvehicle-company-stub