Magneti Marelli considers filing for bankruptcy protection

According to people familiar with the matter, Magneti Marelli, a Japanese auto parts supplier controlled by U.S. private equity giant KKR, is considering filing for bankruptcy protection in the U.S. Magneti Marelli is an important supplier to Nissan Motor and Stellantis Group, and hopes to use the bankruptcy protection procedure to ensure that business operations can continue even if restructuring negotiations with creditors fail.