Dura Automotive Systems (or 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 Manufacturer An original equipment manufacturer (OEM) is generally perceived as a company that produces non-aftermarket parts and equipment that may be marketed by another manufacturer. It is a common industry term recognized and used by many professional or ...

(OEM) 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. The population was 21,412 at the 2010 census. Before incorporating as a city in 1983, the area was part of the now-defunct Pontiac Township. It is home to Oakland University ...

Michigan Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...

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

Fortune 1000 The Fortune 1000 are the 1,000 largest American companies ranked by revenues, as compiled by the American business magazine ''Fortune''. It only includes companies which are incorporated or authorized to do business in the United States, and for ...

. 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, wheth ...

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 Comm ...

and convertible trust preferred securities from NASDAQ 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-based private equity firm Patriarch Partners. In the deal, Dura absorbed Global Automotive Systems of suburban

Detroit Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at t ...

, 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.

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