nach Delphi und Delta kommt DURA Auto Sys Inc - 500 Beiträge pro Seite

[kai.hawaii]

es dauert nicht mehr lange.
weitere infos folgen bald.
am besten den chart anschauen.

handelbar auch in deutschland, zum beispiel in frankfurt.

kann hier jemand mal den chart einstellen?

___

Form 8-K for DURA AUTOMOTIVE SYSTEMS INC

11-Dec-2006

Change in Directors or Principal Officers


ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS; COMPESNATORY ARRANGEMENTS OF CERTAIN OFFICERS.

On November 15, 2006, the Board of Directors of Dura Automotive Systems, Inc. ("DASI") approved the hiring of Mr. David T. Szczupak as the Chief Operating Officer of DASI, subject to obtaining appropriate approval of the United States Bankruptcy Court for the District of Delaware (the "Court"). On December 8, 2006, the Court approved the terms and conditions of the Employment Agreement between DASI and Mr. Szczupak. As Chief Operating Officer, Mr. Szczupak will be responsible for all aspects of the company's manufacturing, engineering, quality and procurement worldwide.

Prior to joining DASI, Mr. Szczupak, spent the last 16 years at the Ford Motor Company, serving most recently as Group Vice President, Manufacturing from 2005 to 2006, and as Vice President, Powertrain Operations, from 2001 to 2005. Mr. Szczupak joined Ford in 1990 as chief engineer of Jaguar Cars, following Ford's acquisition of Jaguar. Mr. Szczupak is a past member of the Volvo Cars Board of Directors and the Mazda Advisory Board, and past Chairman of the SAE Global Powertrain Congress 2005. He was named Engineer of the Year by Autocar Magazine in 1999. Mr. Szczupak is 51 years old.

The following is a summary of the principal terms of the Employment Agreement:

(a) Employment and Term. DASI shall employ Mr. Szczupak as its Chief Operating Officer, effective December 8, 2006 (the "Effective Date"), for a term of employment that shall automatically end on the date that is three calendar years immediately following the Effective Date (the "Expiration Date"), unless terminated sooner per the terms of the Employment Agreement.

(b) Duties. Mr. Szczupak shall devote all of his time, attention, and best efforts to DASI's business. Mr. Szczupak shall faithfully and diligently perform the duties and responsibilities assigned to him by the Chief Executive Officer of DASI and/or by DASI's Board of Directors. Mr. Szczupak shall report to the Chief Executive Officer of DASI.

(c) Compensation.

(i) Base Salary. DASI will pay Mr. Szczupak an annual gross salary of $500,000 (the "Base Salary").

(ii) Annual Bonus. In addition to the Base Salary, while Mr. Szczupak is employed by DASI, Mr. Szczupak shall be entitled to participate in the Dura Automotive Systems, Inc. Annual Bonus Plan (the "ABP"). Mr. Szczupak's bonus opportunity under that plan shall be 80% of his Base Salary (such amounts awarded, if any, the "Annual Bonus"). No payments shall be made to participants in the Annual Bonus Plan, including Mr. Szczupak, under this provision without obtaining separate authority from the Court.

(iii) Key Management Incentive Plan. Also in addition to Base Salary, while Mr. Szczupak is employed by DASI, Mr. Szczupak shall be entitled to participate in the Dura Automotive Systems, Inc., 2006 Key Management Incentive Plan. The maximum award percentage as specified in that plan shall be 80% of Mr. Szczupak's Base Salary and annual bonus. No payments shall be made to participants in the Key Management Incentive Plan, including Mr. Szczupak, under this provision without obtaining separate authority from the Court.

(iv) Signing Bonus. Mr. Szczupak shall be entitled to a one-time signing bonus in the gross amount of $200,000 (the "Signing Bonus"). This signing bonus shall be paid in two equal installments on: (i) the Effective Date; and (ii) the later of May 1, 2008, and the Effective Date. If Mr. Szczupak is no longer employed by DASI on May 1, 2008, then he shall not be eligible for and shall be deemed never to have accrued the unpaid portions of the Signing Bonus.

(v) Flexible Perquisite Program. While Mr. Szczupak is employed by DASI, he shall be entitled to participate in the Dura Automotive Systems, Inc., Flexible Perquisite Program. Mr. Szczupak's annual allowance shall be a gross amount of $33,000, and his maximum economic entitlement for 2006 under that program shall be reduced and pro-rated to reflect his actual start date with DASI.

(d) Benefits.

(i) Incentive, Savings and 401(k) Plans. While Mr. Szczupak is employed by DASI, he shall be entitled to participate in all incentive, savings and 401(k) plans, practices, policies and programs, on terms not less favorable than those applicable to other similarly situated senior executives of DASI, and in accordance with such terms as in effect from time to time.

(ii) Welfare Benefits. While Mr. Szczupak is employed by DASI, he shall be eligible to participate in and shall receive all benefits under welfare benefit plans, practices, policies and programs provided by DASI (including medical, dental, disability, group life, optional supplemental life, accidental death and dismemberment, dependent care, and long-term care plans and programs) on terms not less favorable than those applicable to other similarly situated senior executives of DASI, and in accordance with such terms as in effect from time to time.

(iii) Vacation. While employed by DASI, Mr. Szczupak shall earn four weeks paid vacation time per year, and shall be entitled to use said vacation time on terms not less favorable than the plans, practices, policies, and programs applicable to other similarly situated senior executives of DASI.

(iv) Expenses. While employed by DASI, Mr. Szczupak shall be entitled to receive prompt reimbursement for all reasonable and necessary business expenses incurred, in accordance with the practices and policies applicable to other senior executives of DASI.

(v) Automobile Insurance. While employed by DASI, DASI shall arrange for its automobile insurance policy to cover/include Mr. Szczupak as an additional insured regarding his company vehicle.

(e) Benefits Upon Termination.

(i) Termination by DASI for Cause. If Mr. Szczupak's employment is terminated for Cause, then Mr. Szczupak shall be entitled to receive any pro rata accrued, but unpaid, Base Salary amounts earned, but shall not be entitled to receive any other amounts.

(ii) Termination by DASI other than for Cause. If Mr. Szczupak's employment under the Employment Agreement is terminated by DASI without Cause, then upon the execution of a general release of all claims against DASI, Mr. Szczupak shall be entitled to receive unpaid amounts for Base Salary, Annual Bonus, Key Management Incentive Plan and Signing Bonus through the Expiration Date, with said amounts to be paid on regular payroll cycles as if Mr. Szczupak's employment had not terminated prior to the Expiration Date, provided, however, that no such amounts shall be paid unless separately authorized by the Court.

(iii) Termination by Mr. Szczupak with Good Reason. If Mr. Szczupak terminates his employment with DASI for Good Reason, then, upon the execution of a general release of all claims against DASI, Mr. Szczupak shall be entitled to receive unpaid amounts for Base Salary, Annual Bonus, Key Management Incentive Plan and Signing Bonus through the Expiration Date, with said amounts to be paid on regular payroll cycles as if

Mr. Szczupak's employment had not terminated prior to the Expiration Date, provided, however, that no such amounts shall be paid unless separately authorized by the Court.

(iv) Termination by Mr. Szczupak other than for Good Reason. If Mr. Szczupak terminates his employment with DASI for other than Good Reason, then Mr. Szczupak shall be entitled to receive any pro rata accrued, but unpaid, Base Salary amounts earned, but shall not be entitled to receive any other amounts.

[turnplus]

Chart habe ich gerade in dem thread darüber eingestellt.

[Zok2007]

also wen du nicht einmall den Chart reinstellen kannst wie kannst du ahnung von Aktien haben.!!!!

[kai.hawaii]

Antwort auf Beitrag Nr.: 26.137.888 von kai.hawaii am 12.12.06 22:44:24

einige amerikanische unternehmen, die mal "big player" waren, sind inzwischen insolvent. genauer: zum schein insolvent nach chapter 11. dazu gehören zum beispiel:

- delphi (automobilzulieferer)
inzwischen plus zig-hundert prozent

- delta (fluggesellschaft)
inzwischen plus zig-hundert prozent

(- auch: northwest airlines mit gerade plus 996,15%)

und nicht zuletzt:

- dura auto systems inc.

[kai.hawaii]

Antwort auf Beitrag Nr.: 26.138.145 von Zok2007 am 12.12.06 22:57:56

danke für deine mithilfe.

gruß

hawaii

[kai.hawaii]

Antwort auf Beitrag Nr.: 26.138.145 von Zok2007 am 12.12.06 22:57:56

wenn meine wenigkeit,
zusätzlich zu informationen,
auch noch einen chart einstellt,
aus dem ein kaufsignal abgeleitet werden könnte,
so könnte ich als aussenstehender eine abzocke vermuten.

um diesem entgegenzuwirken,
erfolgte die bitte.

hawaii

[kai.hawaii]

Income Statement Get Income Statement for:
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 1-Oct-06 2-Jul-06 2-Apr-06 31-Dec-05
Total Revenue 449,180 573,326 584,378 564,404
Cost of Revenue 450,648 535,056 530,416 496,827
Gross Profit (1,468) 38,270 53,962 67,577
Operating Expenses
Research Development - - - -
Selling General and Administrative 40,622 37,850 36,929 36,860
Non Recurring 671,862 2,878 2,572 5,247
Others 106 105 105 117

Total Operating Expenses - - - -
Operating Income or Loss (714,058) (2,563) 14,356 25,353
Income from Continuing Operations
Total Other Income/Expenses Net 513 1,529 - 18,154
Earnings Before Interest And Taxes (713,545) (1,034) 14,356 43,507
Interest Expense 30,522 30,360 26,174 25,631
Income Before Tax (744,067) (31,394) (11,818) 17,876
Income Tax Expense (39,708) 99,614 (3,833) 7,551
Minority Interest (119) (155) (55) (67)

Net Income From Continuing Ops (704,478) (131,163) (8,040) 10,258
Non-recurring Events
Discontinued Operations 10,087 (105) - 14
Extraordinary Items - - - -
Effect Of Accounting Changes - - 1,020 -
Other Items - - - -
Net Income (694,391) (131,268) (7,020) 10,272
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($694,391) ($131,268) ($7,020) $10,272

[kai.hawaii]

Antwort auf Beitrag Nr.: 26.139.022 von kai.hawaii am 12.12.06 23:45:02

also,

mich erinnert der chart immer mehr an delphi auto und delta airlines, und zwar VOR dem ausbruch.

praktisch kein handelsvolumen, insolvenzmeldung ist raus, der chart bewegt sich auf niedrigem niveau seitwärts, neuer chief financial officer wurde eingestellt etc.

hinzu kommt, dass von der insolvenz, wie bei delphi,
die europäischen töchter NICHT betroffen sind.

in wenigen monaten bzw. wochen rechne ich mit einer reaktion.
wie die dann ausfällt, fragt ihr?
nun - am besten den delphi und delta air chart anschauen.

hawaii

- dies stellt keine kauf- oder verkaufsempfehlung dar -

[kai.hawaii]

[kai.hawaii]

Antwort auf Beitrag Nr.: 26.186.563 von kai.hawaii am 14.12.06 21:26:13

DURA AUTOMOTIVE SYS INC
Börse: Nasdaq Other OTC
Datum: 20/12/06
Tickliste Zeit
Kurs

Volumen
18:24:28 0.5400 2500
18:23:20 0.5400 10000
18:21:50 0.5500 10000
18:16:00 0.5400 10000
18:13:31 0.5500 400
18:13:00 0.5400 1000
18:12:49 0.5500 3000
18:11:59 0.5400 10000
17:35:23 0.5300 400
17:29:07 0.5400 2500
17:29:06 0.5400 500
17:24:34 0.5400 2500
17:24:13 0.5400 10000
17:19:18 0.5400 5000
17:18:53 0.5500 1000
17:18:27 0.5400 1000
17:18:26 0.5400 1000
17:13:27 0.5400 6000
17:08:09 0.5450 2500
17:08:07 0.5450 2500
17:06:32 0.5400 3100
17:04:26 0.5400 3100
17:01:13 0.5400 700
17:01:03 0.5400 300
16:51:57 0.5500 250
16:41:00 0.5400 1700
16:39:14 0.5500 10000
16:37:07 0.5450 2500
16:36:32 0.5500 2220
16:36:21 0.5500 2500
16:36:07 0.5500 227
16:36:06 0.5500 900
16:36:05 0.5500 4000
16:36:04 0.5400 1900
16:36:03 0.5500 6000
16:35:30 0.5400 4000
16:35:29 0.5400 2500
16:34:49 0.5600 7500
16:34:45 0.5600 5000
16:34:16 0.5500 5000
16:34:11 0.5600 5000
16:34:10 0.5500 200
16:34:10 0.5500 1000
16:34:01 0.5400 5500
16:33:50 0.5500 5000
16:33:50 0.5600 5000
16:33:49 0.5500 2500
16:33:46 0.5500 2500
16:33:46 0.5500 2500
16:33:41 0.5500 2500
16:33:39 0.5500 5000
16:33:38 0.5500 2500
16:33:37 0.5500 2500
16:33:32 0.5450 2500
16:33:28 0.5400 2500
16:32:55 0.5400 7551
16:32:13 0.5400 5000
16:30:56 0.5400 4000
16:29:37 0.5450 4000
16:28:03 0.5400 1415
16:25:58 0.5400 5000
16:16:21 0.5300 1000
16:14:51 0.5300 4150
16:13:27 0.5350 8285
16:13:22 0.5350 2500
16:12:29 0.5350 1000
16:09:39 0.5350 215
15:59:49 0.5300 2500
15:59:48 0.5300 500
15:58:49 0.5300 2000
15:56:36 0.5300 1000
15:56:36 0.5350 5000
15:56:29 0.5350 2500
15:54:20 0.5350 670
15:53:39 0.5250 7000
15:46:22 0.5250 5000
15:43:02 0.5300 8000
15:42:59 0.5300 2500
15:42:10 0.5199 11500
15:42:08 0.5250 11500
15:41:30 0.5200 2500
15:41:13 0.5199 2500
15:41:05 0.5200 2500
15:40:49 0.5200 9200
15:40:13 0.5199 5000
15:39:55 0.5200 2500
15:39:53 0.5200 5000
15:39:52 0.5200 5000
15:39:14 0.5200 500
15:38:23 0.5200 4000
15:35:53 0.5200 5000
15:33:48 0.5000 5000
15:32:36 0.5100 2500
15:31:05 0.5100 192
15:30:39 0.5100 2500
15:30:38 0.5225 800
15:30:25 0.5100 2500
15:30:20 0.5100 2500
15:30:08 0.5150 0
15:30:08 0.5150 2400

[kai.hawaii]

Antwort auf Beitrag Nr.: 26.345.612 von kai.hawaii am 20.12.06 18:51:09

[kai.hawaii]

3-Jan-2007

Regulation FD Disclosure, Financial Statements and Exhibits


ITEM 7.01 REGULATION FD DISCLOSURE

Operating Report

On January 3, 2007, Dura Automotive Systems, Inc. (collectively referred to as "DURA", "Company", "we", "our" and "us") and its its United States ("U.S.") and Canadian subsidiaries (the "Debtors") filed their unaudited combined Monthly Operating Report for the month ended November 26, 2006 (the "Monthly Operating Report") with the United States ("U.S.") Bankruptcy Court for the for the District of Delaware (the "Bankruptcy Court") (In re DURA's Case No. 06-112202 (KJC)). Exhibit 99(a) to this Current Report on Form 8-K contains the unaudited combined Monthly Operating Report as filed with the Court.

The Monthly Operating Report is limited in scope, covers a limited time period, and has been prepared solely for the purpose of complying with the monthly reporting requirements of the Court. The Company's non U.S. and Canadian subsidiaries have not filed for bankruptcy protection, and financial information regarding such subsidiaries is not part of the combined group included in the Monthly Operating Report. The financial information in the Monthly Operating Report is preliminary and unaudited and does not purport to show the financial statements of any of the Debtors in accordance with accounting principles generally accepted in the United States of America ("GAAP"), and therefore may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, and disclosure items. The Company cautions readers not to place undue reliance upon the Monthly Operating Report. There can be no assurance that such information is complete. The Monthly Operating Report may be subject to revision. The Monthly Operating Report is in a format required by the U.S. Bankruptcy Code ("Bankruptcy Code") and should not be used for investment purposes. The information in the Monthly Operating Report should not be viewed as indicative of future results.

Additional information regarding DURA's filing under the Bankruptcy Code, including access to court documents and other general information about the chapter 11 cases, is also available online at www.duraauto.com.

Limitation on Incorporation by Reference

The Monthly Operating Report is being furnished for informational purposes only and is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended. Registration statements or other documents filed with the U.S. Securities and Exchange Commission ("SEC") shall not incorporate the Monthly Operating Report or any other information set forth in this Current Report on Form 8-K by reference, except as otherwise expressly stated in such filing. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information in the report that is required to be disclosed solely by Regulation FD.

FORWARD LOOKING STATEMENTS

This Current Report on Form 8-K, including the exhibit being filed as part of this report, as well as other statements made by DURA may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of the debtor-in-possession facility; the Company's ability to obtain Court approval with respect to motions in the chapter 11 cases prosecuted by it from time to time; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; risks associated with third parties seeking and obtaining Court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the chapter 11 cases on the

Company's liquidity or results of operations; the ability of the Company to fund and execute its business plan and to do so in a timely manner; the ability of the Company to attract, motivate and/or retain key executives and associates; the ability of the Company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees and the ability of the Company to attract and retain customers. Additional factors that could affect future results are identified in the Annual Report on Form 10-K for the year ended December 31, 2005 filed with the SEC including the risk factors in Part I. Item 1A. Risk Factors, contained therein. DURA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise.

Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various prepetition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy cases to each of these constituencies. A plan of reorganization could result in holders of DURA's common stock receiving no distribution on account of their interest and cancellation of their interests. Holders of DURA's common stock and other equity interests (such as options) should assume that they will not receive value as part of a plan of reorganization. In addition, under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing and the filing of its chapter 11 reorganization cases, the Company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the Company urges that appropriate caution be exercised with respect to existing and future investments in DURA's common stock or other equity interests or any claims relating to prepetition liabilities.



ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(c) Exhibits. The following exhibit is being furnished as part of this report.

[turnplus]

Summery in german, please.

[kai.hawaii]

... und wieso sollten gerade dura auto systems plötzlich wertlos werden, wenn es zum beispiel bei delphi auto und delta air lines noch andauert?
(ganz zu schweigen von northwest airlines)
im otc jedenfalls noch kein einbruch ...

[kai.hawaii]

geht abwärts

[PSchwammerl]

Gibts eigentlich irgendwas verwertbar Neues? Gestern war doch wieder Omnibus Hearing?

[PSchwammerl]

News!

03 April 2007

DURA Proposes Closure of Four Facilities and Sale of Two Businesses as Part of Restructuring Turnaround Plan


Brownstown, Indiana; Bracebridge, Ontario; Hannibal South, Missouri; Selinsgrove, Pennsylvania to Close;

Company to Sell Butler, Indiana; and Mancelona, Michigan Sites

ROCHESTER HILLS, Mich., [April 3, 2007]—DURA Automotive Systems, Inc. (OTCRRAQ), today announced that as a continuation of the company’s strategic restructuring initiative called 50-cubed, it is proposing to close the following four manufacturing facilities: Brownstown, Indiana; Bracebridge, Ontario; Hannibal South, Missouri; and Selinsgrove, Pennsylvania.

The 50-cubed program was launched in February of 2006 and established heightened performance goals in quality, worldwide efficiency and profitability. The program is projected to result in the idling of approximately 10 DURA manufacturing facilities worldwide by the end of 2007. The company also anticipates the announcement of further consolidation strategies in the third quarter of 2007.

In 2006, DURA announced planned closures of sites in Llanelli, United Kingdom; Brantford, Ontario; Stratford, Ontario; and a U.S. site in LaGrange, Indiana, as part of its restructuring program. The following additional plants are slated for closure by year-end 2007:

-Brownstown, Indiana, a 68,400 square-foot plant that manufactures spare tire carriers/winches and toolkits, and currently employs 114 people. Manufacturing of products will be moved to Matamoros, Mexico. It is anticipated that production will cease at the Brownstown, facility by year-end 2007.

-Bracebridge, Ontario, a 120,000 square-foot plant that manufactures manual and power seat adjusters, and currently employs 176 people. Manufacturing will be moved to Gordonsville, Tennessee; and Stockton, Illinois. It is anticipated that production will cease at the Bracebridge facility in October 2007.

-Hannibal South, Missouri, a 70,000 square-foot facility that manufactures park brake cables, and currently employs 65 people. All primary operations will be transferred to Milan, Tennessee, to be integrated with final assembly work. It is anticipated that the Hannibal South facility will close by the end of September 2007.

-Selinsgrove, Pennsylvania, a 56,000 square-foot facility that manufactures truck cap windows, and currently employs 61 people. The assembly lines will be moved to Elkhart, Indiana. It is anticipated that the Selinsgrove facility will close by the end of May 2007.

Separately, but as part of the ongoing Chapter 11 restructuring currently underway, the company has announced its intention to sell its jack business, and its hinge and latch business. The proposed divestitures will include the sale of facilities in Butler, Indiana; and Mancelona, Michigan:

-Butler, Indiana, a 140,000 square-foot facility, manufactures jacks and jack tool kits, and currently employs 181 people. DURA is currently marketing the sale of its jacks business.

-Mancelona, Michigan, a 173,000 square-foot facility, primarily manufactures automotive latch assemblies and employs 237 people.

Further information regarding these divestitures will be made as sale agreements are reached.

“We recognize the impact that these announcements will have on our employees and these communities,” said Larry Denton, chairman and chief executive officer of DURA Automotive. “The decisions to consolidate facilities and transition assembly lines are extremely difficult but necessary. Our restructuring programs are designed to improve our long-term competitiveness and assist the organization to emerge from Chapter 11 protection in an expedited timeframe.“

DURA currently has a presence in 16 countries with 69 locations, including its manufacturing facilities, technology and customer service centers, and joint venture companies.

On October 30, 2006, DURA Automotive Systems, Inc., and its domestic and Canadian affiliates filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company and its domestic and Canadian affiliates continue to operate their businesses as Chapter 11 debtors-in-possession.

About DURA Automotive Systems, Inc.
DURA Automotive Systems, Inc., is a leading independent designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. The company is also a leading supplier of similar products to the recreation vehicle (RV) and specialty vehicle industries. DURA markets its automotive products to every North American, Asian and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.

Forward-looking Statements
This press release, as well as other statements made by DURA may contain forward-looking statements within the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, that reflect, when made, the company’s current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the company’s operations and business environment which may cause the actual results of the company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: (i) the ability of the company to continue as a going concern; (ii) the ability of the company to operate pursuant to the terms of the debtor-in-possession (“DIP”) financing facility; (iii) the company’s ability to obtain court approval with respect to motions in the chapter 11 proceeding prosecuted by it from time to time; (iv) the ability of the company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; (iv) risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; (v) the ability of the company to obtain and maintain normal terms with vendors and service providers; (vi) the company’s ability to maintain contracts that are critical to its operations; (vii) the potential adverse impact of the Chapter 11 cases on the company’s liquidity or results of operations; (viii) the ability of the company to execute its business plans, and strategy, including the operational restructuring initially announced in February 2006, and to do so in a timely fashion; (ix) the ability of the company to attract, motivate and/or retain key executives and associates; (x) the ability of the company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees; (x) general economic or business conditions affecting the automotive industry (which is dependent on consumer spending), either nationally or regionally, being less favorable than expected; and (xi) increased competition in the automotive components supply market. Other risk factors are listed from time to time in the company’s United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2005. DURA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise.
Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the company’s various pre-petition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of DURA’s common stock receiving no distribution on account of their interest and cancellation of their interests. Under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing, the company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the company urges that appropriate caution be exercised with respect to existing and future investments in DURA’s common stock or other equity interests or any claims relating to pre-petition liabilities.
# # #

Contact:
Ellen Gonda or Christina Stenson
DURA Restructuring Communications Representatives
140 East 45th Street, 30th Floor
New York, New York 10017
Phone: [phone]
Email: [e-mail]


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[PSchwammerl]

Die Schliessungen und Verkäufe sind zwar noch nicht die vollständige Lösung des Problems, aber ein grosser Schritt. Meiner Zählung nach dürften von den abgestrebten 10 Schliessungen damit 7 ausgemacht sein.

[PSchwammerl]

Korrektur: 8 statt 7, die Schliessungen sind also fast alle bekannt.

[kai.hawaii]

jupp, sehe ich auch so.
daher bin ich nach paar gewinnmitnahmen wieder drin.
endlich news.

interessant ist auch der 500.000 pik am otc vor paar tagen,
genauer am 30.03.
und der kurs steigt langsam an.

________________

REUTERS

April 3 (Reuters) - Bankrupt auto component maker Dura Automotive Systems Inc. (DRRAQ.PK: Quote, Profile , Research) said as part of its restructuring plan, it intends to close four plants, cutting 416 jobs, and sell two businesses.

The company, which filed for Chapter 11 bankruptcy protection on Oct. 30, 2006, said the four plants in Brownstown, Indiana; Bracebridge, Ontario; Hannibal South, Missouri; and Selinsgrove, Pennsylvania are slated to be closed this year.

Dura said it also plans to sell its jack business and its hinge and latch business, including facilities in Butler, Indiana; and Mancelona, Michigan.

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The Butler plant makes jacks and jack tool kits and has 181 employees, while the Mancelona plant makes automotive latch assemblies and has 237 employees, the company said in a statement.

The Rochester Hills, Michigan-based company said as part of its restructuring plan, it sees idling of about 10 plants worldwide by the end of 2007.

Dura currently has a presence in 16 countries with 69 locations, including its manufacturing facilities, technology and customer service centers, and joint venture companies. (Reporting by Shivani Singh in Bangalore)

© Reuters 2007. All Rights Reserved.

[PSchwammerl]

Antwort auf Beitrag Nr.: 28.646.836 von kai.hawaii am 03.04.07 19:41:37

Mist, alles steckt jetzt in Bravo Bin aber mit dabei und lege nochmal nach, Delphi II, oder?

[kai.hawaii]

Antwort auf Beitrag Nr.: 28.647.422 von PSchwammerl am 03.04.07 20:07:32

@pschwammerl

ob delphi2, werden wir sehen.
das dauert noch.

auf jeden fall die nächste entscheidung:
die anlage in deutschland, rotenberg, bleibt bestehen.

die europäischen töchter sind aber eh nicht von der insolvenz betroffen. das war bei delphi auch so.

kaufen und abwarten.

_________

Form 8-K for DURA AUTOMOTIVE SYSTEMS INC

3-Apr-2007

Other Events


ITEM 8.01 OTHER EVENTS

On April 3, 2007, the Company announced that as a continuation of the company's strategic restructuring initiative called 50-cubed, it is proposing to close the following four manufacturing facilities: Brownstown, Indiana; Bracebridge, Ontario; Hannibal South, Missouri; and Selinsgrove, Pennsylvania. These facilities are planned to close by the end of 2007. Also, the Company announced its intention to sell its jack business, and its hinge and latch business. The proposed divestitures will include the sale of the facilities in Butler, Indiana, and Mancelona, Michigan. Further details are contained in the press release attached hereto as Exhibit 99.1to this Current Report on Form 8-K which is furnished pursuant to this Item 8.01.

The Company has also determined that it is no longer seeking strategic alternatives for its Rotenberg, Germany, facility.

[kai.hawaii]

der kurs zögert noch.
viel zu wenig volumen.

dafür kommt die collins & aikmann.
ein venture capitalist ist vor tagen dort rein.
wie bei delphi und zahlreichen anderen insolventen amerikanischen automobilzulieferern.

nur geduld.
dura kommt noch.

[PSchwammerl]

Antwort auf Beitrag Nr.: 28.664.590 von kai.hawaii am 04.04.07 18:24:48

Sehe ich genauso, das Unternehmen ist doch wie ein grosser runder roter Apfel, der nur gepflückt werden muss

[nbielfeldt]

Antwort auf Beitrag Nr.: 28.664.856 von PSchwammerl am 04.04.07 18:37:29

bedenkt bitte, dass Dura nicht annähernd so groß ist wie Delphi, doch bei dem Preis ein Apfel wert ;-)

Steige next week ein!

[nbielfeldt]

damit wollte ich sagen, dass wir hier etwas mehr geduld haben müssen!

[PSchwammerl]

Antwort auf Beitrag Nr.: 28.668.122 von nbielfeldt am 04.04.07 21:44:52

Huch, die Heuschrecken fallen ein Willkommen dann nächste Woche

[kai.hawaii]

Antwort auf Beitrag Nr.: 28.668.113 von nbielfeldt am 04.04.07 21:44:34

@nbielfeldt

hallo nbielfeldt,

noch bei delphi dabei ?
meine wenigkeit ja schon länger nicht mehr,
wie du weisst.
die haben gut,
genauer: top super gut, performt.
bei 0,23 war ich dabei.
(die 0,17-diskussion ...)
das chance-risiko-verhältnis stimmt bei delphi jedoch längst nicht mehr.
war aber eine klasse aktie.

delta air lines auch, um einen bezug zur threat-überschrift wieder her zu stellen.

dura auto systems inc. schwächelt leider gerade etwas.
nach guten news typisch otc.
das volumen ist immer noch zu gering.
daher hat der kurs kaum aussagekraft.
auch die charttechnik versagt bei geringem volumen.

vielleicht die letzte gute einstiegschance.

oder nachkaufmöglichkeit.

ich bin und bleibe erstmal long.

willkommen bei dura.

gruß

hawaii

ps: die 0,23 fse sind auch bei dura heute praktisch erreicht...
(wurde zuvor schon mal getestet).

[kai.hawaii]

auch bei tower automotive ist vor tagen ein venture capitalist eingestiegen.
den kennen wir alle.
preisfrage: wer?
antwort: cerberus natürlich.

[nbielfeldt]

Antwort auf Beitrag Nr.: 28.668.773 von PSchwammerl am 04.04.07 22:23:19

na 500k sind heute gut gestiegen! Ich heuschrecke ;-)

[PSchwammerl]

Antwort auf Beitrag Nr.: 28.782.745 von nbielfeldt am 12.04.07 20:10:39

Du Glücklicher! Ich könnte mich immer noch beissen, dass ich im Sommer bei Dölfi nicht genügend A... in der Hose hatte

Das soll hier nicht mehr passieren...

[nbielfeldt]

Antwort auf Beitrag Nr.: 28.783.413 von PSchwammerl am 12.04.07 20:44:24

ja delphi bin ich durchschnittlich mit 0,69 dabei mit guten Stückzahlen! UND ES GEHT WEITER!

Mega ärgerlich ist für mich CALPINE! Hatte ich von Anfang an auf der Watchlist, hab mich aber nie durchgerungen da richtig einzusteigen, obwohl ich es mir fast jede Woche vorgenommen habe, aber immer kam was dazwischen = gute 500% verpasst :-(

Naja dafür habe ich CBB gekauft und gerad mal gute 11% aktuell aber ist ja noch Phantasie drin

Dura kommt bestimmt!

[Boersensieger]

DURA Automotive seeks to close 4 plants, sell 2 others
Author: RP news wires


DURA Automotive Systems Inc. on April 17 announced that as a continuation of the company’s strategic restructuring initiative called 50-cubed, it is proposing to close the following four manufacturing facilities, located in Brownstown, Ind.; Bracebridge, Ontario; Hannibal South, Mo.; and Selinsgrove, Pa.



The 50-cubed program was launched in February of 2006 and established heightened performance goals in quality, worldwide efficiency and profitability. The program is projected to result in the idling of approximately 10 DURA manufacturing facilities worldwide by the end of 2007. The company also anticipates the announcement of further consolidation strategies in the third quarter of 2007.



In 2006, DURA announced planned closures of sites in Llanelli, United Kingdom; Brantford, Ontario; Stratford, Ontario; and a U.S. site in LaGrange, Ind., as part of its restructuring program. The following additional plants are slated for closure by year-end 2007:

- Brownstown, Ind., a 68,400-square-foot plant that manufactures spare tire carriers/winches and toolkits, and currently employs 114 people. Manufacturing of products will be moved to Matamoros, Mexico. It is anticipated that production will cease at the Brownstown facility by year-end 2007.

- Bracebridge, Ontario, a 120,000-square-foot plant that manufactures manual and power seat adjusters, and currently employs 176 people. Manufacturing will be moved to Gordonsville, Tenn.; and Stockton, Ill. It is anticipated that production will cease at the Bracebridge facility in October 2007.

- Hannibal South, Mo., a 70,000-square-foot facility that manufactures park brake cables and currently employs 65 people. All primary operations will be transferred to Milan, Tenn., to be integrated with final assembly work. It is anticipated that the Hannibal South facility will close by the end of September 2007.

- Selinsgrove, Pa., a 56,000-square-foot facility that manufactures truck cap windows and currently employs 61 people. The assembly lines will be moved to Elkhart, Ind. It is anticipated that the Selinsgrove facility will close by the end of May 2007.



Separately, but as part of the ongoing Chapter 11 restructuring currently under way, the company has announced its intention to sell its jack business, and its hinge and latch business. The proposed divestitures will include the sale of facilities in Butler, Ind.; and Mancelona, Mich.:

- Butler, Ind., a 140,000-square-foot facility, manufactures jacks and jack tool kits and currently employs 181 people. DURA is currently marketing the sale of its jacks business.

-Mancelona, Mich., a 173,000-square-foot facility, primarily manufactures automotive latch assemblies and employs 237 people.

Further information regarding these divestitures will be made as sale agreements are reached.



“We recognize the impact that these announcements will have on our employees and these communities,” said Larry Denton, chairman and chief executive officer of DURA Automotive. “The decisions to consolidate facilities and transition assembly lines are extremely difficult but necessary. Our restructuring programs are designed to improve our long-term competitiveness and assist the organization to emerge from Chapter 11 protection in an expedited timeframe.”



DURA currently has a presence in 16 countries with 69 locations, including its manufacturing facilities, technology and customer service centers, and joint venture companies.



On October 30, 2006, DURA Automotive System, Inc., and its domestic and Canadian affiliates filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company and its domestic and Canadian affiliates continue to operate their businesses as Chapter 11 debtors-in-possession.

[Boersensieger]

Cerberus has big appetite for auto firms
Private equity investor on buy binge

April 15, 2007

BY KATIE MERX

FREE PRESS BUSINESS WRITER

Cerberus Capital Management, one of the private equity firms bidding on the Chrysler Group, has been buying up large stakes in the U.S. auto industry and appears hungry for more, leaving Detroit wondering who's taking over and what the group's intentions are.

Those aren't easy questions to get answered, even as the firm seems to make moves and news daily in southeast Michigan.
The New York private equity fund, named after the mythological three-headed dog that guards the gates of Hades, is known for being among the most secretive of the private equity world. Its founder Stephen Feinberg and other top executives rarely give interviews or make public statements -- they weren't available for this report, either.

Cerberus has a Web site, but -- for a firm with offices in 10 cities around the globe and whose companies generate more than $60 billion in annual revenues -- there is little information on it.

One page on the site is dedicated to Cerberus' investment professionals, but despite boasting the likes of former U.S. Vice President Dan Quayle and former U.S. Secretary of the Treasury John Snow on its boards, it simply reads "currently under revision."

Its secrecy also means the chances are good that you've done business with a Cerberus company and didn't know it.

The firm owns the Alamo and National rental car companies, more than 250 Burger King restaurants, the Fila shoe brand, Blue Bird school buses and the Rafaella clothing brand. Cerberus also owns several banks, mortgage companies and property managers around the world.

Critics and competitors say secrecy is imperative to success in the takeover business. It allows buyers to make bids before competitors even know a business is for sale.

"Private equity, just by its nature, is secretive," said auto analyst Kevin Tynan of Argus Research. "Even people within private equity firms don't talk to each other. They don't know what the other people there are doing."

At Cerberus, that appears to have paid off. The New York Times reports that Cerberus' fund earns an average annual return of about 22%. And Institutional Investor magazine estimated Feinberg was paid $75 million in 2004.

But that general lack of information directly from Cerberus, and the speculation that comes with it, can make workers at the companies that are in play and the communities they call home anxious -- as is happening in southeast Michigan.

Private equity is by definition private. Its investors don't have to publicize plans; they aren't beholden to public shareholders.

Private equity is exactly what should be calling the shots in companies that require fresh capital -- and tough decisions -- said Jim McTevia, chairman of McTevia & Associates.

"The future of the industry, at least domestically here, is uncertain," he said. "The people who should be bankrolling these companies during those circumstances should be risk capital and not the man on the street."

But private equity groups have a reputation for selling off divisions of a business, drastically trimming workforces and doing it all quickly.

Cerberus, like other private equity firms, makes money by buying companies it believes are undervalued, improving their operations in the span of a few years and then selling the company for a profit.

"They love undervalued assets," said Erich Merkle, an auto analyst at IRN Inc. "If there's some babies in that bathwater, they're going to be there to pick them up."

Three business units deploy Cerberus' money -- private equity, loan origination and real estate -- said spokesman Peter Duda.

In southeast Michigan, Cerberus already has purchased a controlling interest in General Motors Corp.'s finance arm, GMAC, as well as auto suppliers CTA Acoustics in Madison Heights and GDX Automotive in Farmington Hills. It has offered to invest $3.4 billion in parts giant Delphi Corp., which is in bankruptcy. And earlier this month, a judge gave auto supplier Tower Automotive, also in bankruptcy, preliminary permission to sell nearly all of its assets to Cerberus for $1 billion.

And, of course, Cerberus is reported to be among the parties that are serious about investing in DaimlerChrysler AG's Auburn Hills-based Chrysler Group, whose annual revenue -- at $62.2 billion -- is nearly the same as the revenue of Cerberus' entire current portfolio.

The United Auto Workers and Canadian Auto Workers have publicly opposed the sale of Chrysler, and they are particularly opposed to its sale to Cerberus or any other private equity group.

"If the writing's on the wall, and there is a decision here to sell it, that decision had better not be to sell it to some private equity group that's going to come in and destroy it," CAW representative Bob Chernecki said.

"There's a fear of private equity, and there should be," said Brett Hoselton, an auto analyst with Key Banc Capital. Private equity has the potential to drastically transform a company.

And Cerberus has a fierce reputation.

Competitors say Cerberus is known for having a combative, take-no-prisoners style.

The firm is also known for its lengthy roster of highly successful turnaround and industry managers.

Its automotive investments are headed up, in part, by former Ford Motor Co. international operations chief David Thursfield. In December, following its acquisition of GMAC, Cerberus hired former Goldman Sachs executive and Ford special adviser Kenneth Leet. And in March, as Cerberus evaluated the potential purchase of Chrysler, it reportedly retained former Chrysler COO and Volkswagen executive Wolfgang Bernhard as an automotive adviser.

Feinberg is "a relatively young guy. He's very personable. He's very smart. He does what he says he'll do. And he hires good people," said Al Koch, vice chairman and managing director of turnaround firm AlixPartners. "They've hired some very, very good people to work on the different acquisitions they're making. If the U.S. auto industry is going to have a chance, it needs to have smart owners and smart operators.

"For all of us who live here, it is in our best interests to have a healthy automotive sector. Will it be tougher for the Big Three to deal with them? Yeah, I think it will be. And delivering parts in some cases at less than the cost of the raw materials ... they won't do that.

"While the purchasing managers for the Big Three won't like it, we've seen what happens when the industry doesn't operate that way. We end up with Delphi in bankruptcy, Dura in bankruptcy, Dana in bankruptcy. ... There's no way the industry can survive unless it is economically healthy, so I am encouraged when smart savvy investors become involved."

Contact KATIE MERX at 313-222-8762 or [e-mail]. Staff writer Jewel Gopwani contributed to this report.

[PSchwammerl]

Ich höre schon die Geigen singen, jetzt sollte es losgehen (verzeiht die Lyrik, es klingt so gut )

[PSchwammerl]

Weitere News

DURA AUTOMOTIVE



DURA Automotive Enters Technical Alliance with Aditya Auto Products in India
4/23/2007

Companies Partner to Bring DURA Products and Technology to Indian
and Asian Markets

ROCHESTER HILLS, Mich. & BANGALORE, India, Apr 23, 2007 (BUSINESS WIRE) --
DURA Automotive Systems, Inc. (OTCRRAQ), today announced that it has entered into a technical alliance with Aditya Auto Products and Engineering Pvt. Ltd., based in Bangalore, India, to bring new automotive technologies to the growing domestic Indian and Asian markets. DURA will supply technology to Aditya for the manufacture of products such as pedals, parking brakes, shifters and spare tire carriers. Aditya will produce the parts and provide local support to automotive OEMs in the region. DURA and Aditya anticipate that the alliance will commence manufacturing of DURA components in India by the first quarter of 2008.

"Establishing a manufacturing presence in India is a key component of our global growth strategy, which is designed to leverage DURA technology investments and provide local support to customers anywhere in the world," said Larry Denton, DURA Automotive's chief executive officer. "The DURA and Aditya partnership opens significant opportunities for us in fast-growing automotive markets."

By 2012, India is projected to be the seventh largest automobile producer in the world. The establishment of the alliance in Bangalore, a major Indian market, also provides access to neighboring Asian markets.

C. Jayaraman, Aditya's managing director and chief executive officer, said, "Our alliance brings together Aditya's expertise in designing and manufacturing systems with DURA's world-class technology to meet the requirements of leading automakers in this region. Combining our strengths will better position us to participate in India's growing domestic automotive market and beyond."

DURA will contribute designs, intellectual property and technical resources. Under the terms of the agreement, the alliance is planned to become a joint venture in three years and when certain milestones are achieved. Once initiated, the joint venture will operate under the name Aditya DURA Pvt. Ltd.

DURA currently has a presence in 16 countries with 69 locations, including its manufacturing facilities, technology and customer service centers, and joint venture companies.

About Aditya Auto Products and Engineering India Pvt. Ltd.

Aditya Auto Products & Engineering India Private Limited is a privately owned and professionally managed organization, engaged in the business of design & manufacture of systems & sub systems to meet the requirements of the growing automobile industry. Beginning as Autarky Auto in April 1989 and established as Aditya Auto Products in February 1999, the company has its headquarters in Bangalore, India, and works closely with leading Automotive OEMs & Global tier 1 industries, both in India and the rest of the world. Information about Aditya and its products is available on the internet at www.adityaauto.com.

About DURA Automotive Systems, Inc.

DURA Automotive Systems, Inc., is a leading independent designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. The company is also a leading supplier of similar products to the recreation vehicle (RV) and specialty vehicle industries. DURA markets its automotive products to every North American, Asian and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.

[nbielfeldt]

in ffm wohl aufbruchsstimmung = über pari = gibt haue von drüben *lach

[PSchwammerl]

Aufwärtstrend scheint mit Stückzahlen untermauert zu halten, sehr schön

[kai.hawaii]

ich bin etwas besorgt über die entwicklung der pfd´s.

da dies ein faktenthreat ist, stelle ich auch das mal zur diskussion.

besten gruß

hawaii

[PSchwammerl]

Antwort auf Beitrag Nr.: 28.988.237 von kai.hawaii am 25.04.07 14:03:08

Mmmh, die PFDs haben den Kursverlauf der DRRAQ im Verhältnis ungefähr nachvollzogen, ich sehe da keinen Grund zur Besorgnis.

[kai.hawaii]

Antwort auf Beitrag Nr.: 28.989.526 von PSchwammerl am 25.04.07 14:50:02

jupp,
sind gestern auch wieder gestiegen um 8 prozent auf 2,00.

das beruhigt mich etwas.

bei dura stämme steigt das volumen leicht an und die kurse steigen auch leicht. in frankfurt heute plus 10 % immerhin.

schön.



aber abwarten:
das gesamtvolumen ist nach wie vor sehr gering.
und ich glaube, das dauert noch.
hoffentlich liege ich falsch.

[PSchwammerl]

In den USA in den letzten Tagen und insbesondere gestern im Vergleich zu den echten Flautentagen wieder gestiegenes Interesse. Ich kann allerdings keine Diskussion in US-Boards sehen, bei Stockhouse gibts noch nicht mal ein Posting bei DRRAQ. Vielleicht machen sich auch manche selbständig Gedanken Mal sehen, ob das Lüftchen anhält, nach einem schnellen Anstieg riecht das aber nicht, eher nach vorsorglichem Eindecken.

[kai.hawaii]

Antwort auf Beitrag Nr.: 29.014.745 von PSchwammerl am 26.04.07 15:11:10

ja, schneller anstieg wäre schön.
glaube ich aber gegenwärtig nicht.

es ist noch sehr viel im unklaren.
auch, was die stammaktien betrifft.
bei delta air zb wurden diese "altaktien" am 27. vermutlich zum letzen mal gehandelt. es gibt neue und delta air ist aus ch. 11 raus.

dies geschieht häufig so in amiland.
insbesondere bei fluggesellschaften.

bei den automobilzulieferern ist das so eindeutig nicht,
siehe delphi, collins+aikmann etc.

hm. abwarten.
ich glaube, da kommt noch was.
allerdings eher nicht in der nächsten woche ...

gruß

hawaii

[PSchwammerl]

NEEEEEEFFFFFFFS Es geht weiter vorwärts

DURA AUTOMOTIVE

DURA Automotive Evaluates Strategic Alternatives for Atwood Group
5/3/2007

Company explores growth and divestiture options

ROCHESTER HILLS, Mich., May 03, 2007 (BUSINESS WIRE) --
DURA Automotive Systems, Inc. (Pink SheetsRRAQ), today announced that it is exploring strategic alternatives for its Atwood Mobile Products division, headquartered in Elkhart, Indiana. DURA has engaged Miller Buckfire as its exclusive financial advisor in connection with the strategic evaluation, including solicitation of interest from prospective acquirers of Atwood Mobile Products, Inc. In consultation with its financial advisor, DURA will consider whether a sale or a growth strategy would maximize Atwood's financial contribution to the company.

With 2006 sales of approximately $330 million, Atwood offers a broad range of products to the recreation vehicle (RV), specialty vehicle and manufactured housing markets. The division's products encompass windows and doors, specialty glass, hardware appliances and electronics. Founded in 1909, Atwood was acquired by automotive supplier Excel Industries, which was then acquired by DURA in 1999.

"Atwood enjoys leading market positions in each of its product categories based on a reputation for product innovation, quality manufacturing and superior customer service," said Larry Denton, DURA's chairman and chief executive officer. "While the group is profitable and growing, we believe it is in the best interests of our shareholders, customers and employees to conduct a full review of strategic alternatives with respect to Atwood, including evaluation of further growth alternatives and divestiture options."

Atwood provides the most extensive product line of any supplier to the recreation vehicle industry, with more than 90 percent of the recreation vehicles on the road today using Atwood products. The RV industry has experienced consistent historical growth, with RV ownership currently at record levels. Industry trends point toward significant future growth due to favorable population demographics and increasing purchase interest.

On October 30, 2006, DURA Automotive Systems, Inc., and its domestic and Canadian affiliates filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company and its domestic and Canadian affiliates continue to operate their businesses as Chapter 11 debtors-in-possession.

About Miller Buckfire

Miller Buckfire is a leading independent investment bank providing strategic and financial advisory services focusing on complex restructuring transactions, mergers and acquisitions, and equity and debt financing. The firm was formed in July 2002 when the financial restructuring group at Dresdner Kleinwort Wasserstein spun off as an independent entity. Miller Buckfire's professionals have successfully restructured more than $180 billion in debt, advised on M&A transactions valued at over $14 billion and advised on financings involving over $29 billion. The firm is based in New York. Additional information about Miller Buckfire can be found at www.millerbuckfire.com.

About Atwood Mobile Products, Inc.

Atwood is a leading designer and manufacturer of a broad range of window, glass, aluminum, appliance and electronic products for recreation vehicles (RVs), specialty vehicles, manufactured housing and associated niche markets. Atwood's core products include windows, doors, specialty glass products, water heaters, furnaces, ranges, electronic control systems, converters and seating systems designed to meet specific customer demands. Atwood provides its comprehensive product line to a diverse set of customers including market leaders Thor Industries, Fleetwood, Jayco, Gulfstream, Winnebago, Freightliner and Leer. Recognized as a leading supplier to the RV, specialty vehicle and manufactured housing industries, Atwood markets its products under its well-recognized Atwood, Creation, Kemberly, Wedgewood, Spec-Temp, DURALeg and Levelegs brands. Headquartered in Elkhart, Indiana, Atwood has approximately 1,900 employees.

About DURA Automotive Systems, Inc.

DURA Automotive Systems, Inc., is a leading independent designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. The company is also a leading supplier of similar products to the recreation vehicle (RV) and specialty vehicle industries. DURA markets its automotive products to every North American, Asian and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.

Forward-looking Statements

This press release, as well as other statements made by DURA may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, that reflect, when made, the company's current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the company's operations and business environment which may cause the actual results of the company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: (i) the ability of the company to continue as a going concern; (ii) the ability of the company to operate pursuant to the terms of the debtor-in-possession ("DIP") financing facility; (iii) the company's ability to obtain court approval with respect to motions in the chapter 11 proceeding prosecuted by it from time to time; (iv) the ability of the company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases; (iv) risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; (v) the ability of the company to obtain and maintain normal terms with vendors and service providers; (vi) the company's ability to maintain contracts that are critical to its operations; (vii) the potential adverse impact of the Chapter 11 cases on the company's liquidity or results of operations; (viii) the ability of the company to execute its business plans, and strategy, including the operational restructuring initially announced in February 2006, and to do so in a timely fashion; (ix) the ability of the company to attract, motivate and/or retain key executives and associates; (x) the ability of the company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees; (x) general economic or business conditions affecting the automotive industry (which is dependent on consumer spending), either nationally or regionally, being less favorable than expected; and (xi) increased competition in the automotive components supply market. Other risk factors are listed from time to time in the company's United States Securities and Exchange Commission reports, including, but not limited to the Annual Report on Form 10-K for the year ended December 31, 2005. DURA disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise.

Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the company's various pre-petition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of DURA's common stock receiving no distribution on account of their interest and cancellation of their interests. Under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing, the company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the company urges that appropriate caution be exercised with respect to existing and future investments in DURA's common stock or other equity interests or any claims relating to pre-petition liabilities.

SOURCE: DURA Automotive Systems, Inc.

Brunswick Group Ellen Gonda / Christina Stenson, 212-333-3810

Copyright Business Wire 2007

[Boersensieger]

News!
http://www.detnews.com/apps/pbcs.dll/article?AID=/20070508/A…

[Boersensieger]

Dana mchts vor, hoffe das hier auch bald mal ein paar aufwachen.

[PSchwammerl]

Antwort auf Beitrag Nr.: 29.271.815 von Boersensieger am 11.05.07 16:50:21

Das will ich mal schwer hoffen, die nachhaltige Reaktion auf die letzten positiven News blieb ja bisher aus

[buyer10]

Antwort auf Beitrag Nr.: 29.272.386 von PSchwammerl am 11.05.07 17:17:39

Hallo PSSchwammerl,

ich glaube zu den momentanen Kursen kann man kaufen. Hab bereits eine kleine Position und werde weiter aufstocken.

Ich denke auch, daß positive Meldungen kommen sollten und dann werden wir eine ähnliche Entwicklung wie bei DANA sehen.

Ich hoffe, daß es so wie bei Delphi funktioniert.
Da war ich leider nicht von Anfang an dabei

Vielleicht klappt' s ja jetzt.

Schöne Grüsse
buyer10

[Boersensieger]

Aufwachen!

[turnplus]

Die ersten Cerberus-Orders oder was ist hier los?

[Boersensieger]

BRIEFING: Auto headlines

May 31, 2007

Tata drops Lear bid

Lear Corp., an automotive parts company that may be acquired by Carl Icahn, said a unit of India's Tata Group was planning a competitive bid for the company before dropping out Tuesday.

Tata AutoComp Systems Ltd. had been talking to Lear since March about a proposal to compete with Icahn's $5.3-billion takeover offer, according to a letter sent to a Delaware judge hearing a shareholder lawsuit against Lear. A copy of the letter was filed Wednesday with U.S. regulators.
Tata withdrew after losing one of its private equity partners, according to the letter. Lear's sale for $36 a share from Icahn's American Real Estate Partners requires the approval of shareholders at the company's June 27 annual meeting.

The proposal faces opposition from some large shareholders.

TRW shares for sale

The Blackstone Group is looking to sell a part of its stake in automotive supplier TRW Automotive Holdings Corp. in a secondary stock offering, a move that comes as the company's shares are up 61% this year.

Automotive Investors LLC, a Blackstone affiliate, and certain members of TRW Automotive management plan to offer 11 million shares of TRW Automotive stock in an underwritten public offering. Livonia-based TRW Automotive won't receive any proceeds from the sale, and the total number of outstanding shares won't change.

New York-based Blackstone and affiliates own 57% of TRW Automotive, which has about 99 million shares outstanding. Members of management hold about a 2% stake.

Dura gets 4 more months

Auto-parts supplier Dura Automotive Systems Inc. won four more months to draft a reorganization plan without creditor interference.

On Wednesday, Judge Kevin J. Carey at the U.S. Bankruptcy Court in Wilmington, Del., extended the company's exclusive right to propose a Chapter 11 plan through Sept. 30.

Carey's order, which also extends Dura's exclusive right to solicit creditor support through Nov. 30, said that the extension is "essential to the continued operation" of the company's business and in the best interests of Dura's creditors.

New China plant for Borg

A unit of BorgWarner Inc. said it broke ground for a new 194,000-square-foot production facility in Ningbo, China.

The Auburn Hills-based manufacturer of components and systems for powertrain applications said its BorgWarner Thermal Systems subsidiary will produce fans, viscous fan drives, water pumps and oil pumps starting in December. The company also said the new facility will replace a smaller operation nearby.

Free Press staff and news services

http://www.freep.com/apps/pbcs.dll/article?AID=/20070531/BUS…

[Boersensieger]

Hier ein paar zahlen. Diese Adressen haben sich bei Dura eingedeckt.
http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=CP…

[Boersensieger]

Dura Auto Seeks $1.3M in Bonuses
Associated Press 06.04.07, 4:10 PM ET


Dura Automotive Systems Inc. is seeking bankruptcy court approval to pay up to $1.3 million in bonuses to top employees of its Atwood Mobile Products unit, which is looking for a buyer.

The company said the bonuses will encourage a "key group of senior Atwood management" to obtain the best price for the unit, regardless of whether they'll keep their jobs through the sale.

Dura, which filed for Chapter 11 bankruptcy protection seven months ago, said both financial and strategic buyers have expressed interest in purchasing the unit. A financial buyer, such as a private-equity firm, may retain existing managers, while a strategic buyer - another parts manufacturer - might not need them.

"Very real concerns" exist for Atwood managers whose positions may be placed at "greater perceived risk in the event of a sale to a strategic buyer," Dura said.

The company said the proposed bonuses, which would cover seven Atwood managers, would help entice them to "pursue the highest or best value, regardless of the bidder's purchasing strategy."

According to court papers filed Friday, the plan sets a target bonus for each eligible manager of 50 percent above his or her annual base salary. The maximum bonus pool is about $1.3 million, and the bonuses would be paid out upon closing of the Atwood sale.

A hearing on the proposed bonus plan is scheduled for June 20 in the U.S. Bankruptcy Court in Wilmington, Del.

Dura, based in Rochester Hills, Mich., said the sale-connected bonus plan complies with more-stringent bankruptcy regulations enacted in 2005 that rein in bonuses for the top executives of companies operating under Chapter 11 protection.

Sale-related bonus plans are "classic incentive programs designed to encourage participants to energetically work to obtain the highest and best offer for the assets being sold," the company said.

Dura said it expects the Atwood sale to "generate significant proceeds." It plans to seek court approval to auction the unit in June or July and to seek approval of the winning bidder in August.

Dura, which makes seats, doors, windows and other car parts, filed for Chapter 11 protection in late October. Like other U.S. auto suppliers, the company has been hit by lower production from domestic auto makers, high prices of raw materials and pricing pressures.

http://www.forbes.com/feeds/ap/2007/06/04/ap3786291.html

[Boersensieger]

Dura Auto May Default on Bankruptcy Loan

Dura Automotive Systems is offering to pay its lenders up to $300,000 in exchange for easing the terms of a 300 million-dollar bankruptcy loan. The Rochester Hills-based auto parks maker says it may default on its loan without the changes. Dura has asked a federal bankruptcy judge to approve the change.

The company says it expects to emerge from bankruptcy later this year. Dura is one of a growing number of autoparts companies that have filed for bankruptcy protection amid production cutbacks by automakers

http://www.wlns.com/Global/story.asp?S=6644882&nav=0RbQ

[goodoldgermany]

Antwort auf Beitrag Nr.: 29.846.548 von Boersensieger am 12.06.07 17:06:12

Das größe schütteln geht los! Nun wird Dura wieder interessant! Einsteigen? Wer ist dabei?

[goodoldgermany]

mal sehen wann Boden gefunden! Soll man noch einsteigen??? hallo?

[goodoldgermany]

oder droht totalverlust nach der News drüben???

[aloevera2750]

Antwort auf Beitrag Nr.: 30.672.315 von goodoldgermany am 13.07.07 16:56:43

viel spass ich werde nicht reinkommen

[goodoldgermany]

Antwort auf Beitrag Nr.: 30.672.408 von aloevera2750 am 13.07.07 17:02:21

ich glaube ich auch nicht! hab mir das mal gerad alles durchgelesen! Die Ratten verlassen das Schiff! aktien entwertet = 0,00 ???

[Boersensieger]

Was für ein Short angriff.
Also so wie ich die news empfinde sieht doch gar nicht schlecht aus.
Hier die News

13 July 2007
DURA Automotive Systems, Inc. Files Term Sheet for Plan and Backstop Equity Rights Purchase Agreement



ROCHESTER HILLS, Mich., July 13, 2007—DURA Automotive Systems, Inc. (OTC: DRRAQ) today announced that it filed with the U.S. Bankruptcy Court a plan of reorganization term sheet and backstop purchase agreement for an equity rights offering. The rights offering, which was arranged by Miller Buckfire & Co., DURA's investment banker and financial advisor, will provide capital to help fund the company’s exit from Chapter 11 by year-end 2007.



Three of DURA’s senior noteholders – Pacificor, LLC, Bennett Management Corporation, and Wilfrid Aubrey LLC – have agreed to underwrite the rights offering DURA has contemplated as part of its Chapter 11 reorganization. The rights offering provides the right for DURA’s senior noteholders to purchase shares in a reorganized DURA. DURA’s plan term sheet calls for the sale of 39.4 percent to 42.6 percent of new common stock in the reorganized company.



"This agreement provides financing for the company's emergence from bankruptcy later this year and demonstrates confidence from our financial partners in DURA's future sustainability," said Larry Denton, DURA Automotive's chairman and chief executive officer. "We look forward to building on this positive momentum as we continue on our path towards emergence."



The backstop agreement guarantees that DURA will generate between $140 million to $160 million from the rights offering. The term sheet also contemplates among other elements of the reorganization: additional financing through an exit credit facility; payment of all DIP claims, administrative expenses and certain priority claims; payment in full of second-lien claims; and conversion of all senior notes and general unsecured claims into new common stock in a reorganized DURA.

On October 30, 2006, DURA Automotive Systems, Inc., and its domestic and Canadian affiliates, filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company and its domestic and Canadian affiliates continue to operate their businesses as Chapter 11 debtors-in-possession.

http://media.duraauto.com/article_display.cfm?article_id=928…

Komntar: Es werden so wie ich das verstehe alle Kredite zurück bezahlt. Und was für uns wichtig ist die "unsecured claims" das sind wir gehen nicht leer aus.

Meinungen erwünscht!

[Boersensieger]

Zum vergleich Dana.

[PSchwammerl]

Lassen wir uns mal überraschen, wie hoch das Tauschverhältnis ist -> Ch 11 Zocks sind halt immer risky

[Boersensieger]

Also ich geh auf jedenfall davon aus das wir was bekommen was meint ihr??

[zufallig]

Antwort auf Beitrag Nr.: 30.674.454 von Boersensieger am 13.07.07 19:07:24

Hallo, seit langem bin ich hier stiller Beobachter. Hier einige Kommentare zur heutigen Situation aus meiner Sicht:

1) Die Situation ist in der Tat vergleichbar mit Delphi. Dort wurde auch immer wieder ein Totalverlust der Aktie (bzw. geringer Umtauschwert für Neuaktien) angekündigt. Hat trotzdem bis heute einen guten Kurs. Nach der letzten Ankündigung hatte sich der Kurs schnell erholt Ich habe selbst mit Delphi gut verdient.

2) Anders Delta: Hier waren die Aktien über Nacht wertlos und wurden durch neue ersetzt. Hintergrund: als Aktionär ist man BESITZER, und kein KREDITOR. Hier habe ich Geld verloren, habe aber die Verluste begrenzen können.

Welcher der beiden Fälle für Dura gilt, bleibt abzuwarten. Ich tendiere zu Delphi, da dieselbe Branche, Töchter in D etc. Ich habe eine größere Anzahl dieser Aktie und bleibe erst einmal gelassen abwartend ;-)

[voltago01]

Antwort auf Beitrag Nr.: 30.674.454 von Boersensieger am 13.07.07 19:07:24

Wie kommst Du darauf, daß die "unsecured claims" die Aktionäre wären?

Gruß,
voltago01

[PSchwammerl]

Ist so, Aktionäre gehören zu dieser Gruppe, habe ich mal zu Delphi-Zeiten recherchiert, siehe auch SEC Website.

[Boersensieger]

Antwort auf Beitrag Nr.: 30.676.333 von voltago01 am 13.07.07 21:26:43

Überleg mal??
Wer soll das sonst sein? Die anderen wurden ja alle genannt.

[voltago01]

Antwort auf Beitrag Nr.: 30.680.738 von Boersensieger am 14.07.07 08:46:23

Naja, das sind erst einmal "unbesicherte Ansprüche". Da gehören sicherlich erst einmal Kreditgeber ohne Pfandrechte dazu.

Daß da auch die Aktionäre mit gemeint sind, wusste ich noch nicht.

[voltago01]

O.k. Ich habe mich ein bißchen Schlau gemacht und bin zu der Auffassung gekommen, daß die Aktionäre nicht zu den unsecured claims gehören.

Erstens widerspricht das den Aussagen im POR von Calpine, daß das an die Aktionäre zu verteilende Vermögen davon abhängt, in welcher Höhe die unsecured claims befriedigt werden müssen.

Und zweitens wird in den SEC 8K-Forms von bankrotten Firmen eindeutig zwischen den unsecured claims und den Equity Interest Holders unterschieden.

Siehe z.B.: www.secinfo.com/dUmpv.2b.htm

[voltago01]

Und hier noch ein Auszug aus einem 8K für DURA:

yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=00…

Darin wird ausgesgt, worum es sich bei den unsecured claims handelt:

Damages resulting from rejection of executory contracts and unexpired leases are treated as general unsecured claims and will be classified as liabilities subject to compromise

[PSchwammerl]

Antwort auf Beitrag Nr.: 30.683.401 von voltago01 am 14.07.07 13:42:46

Ooops, bitte mein Posting oben ignorien, stimmt ja gar nicht. Voltago hat recht, hier die Anspruchsgruppen in Chapter 11 Fällen laut SEC Website:

How Are Assets Divided in Bankruptcy?

Secured Creditors - often a bank, is paid first.

Unsecured Creditors - such as banks, suppliers, and bondholders, have the next claim.

Stockholders - owners of the company, have the last claim on assets and may not receive anything if the Secured and Unsecured Creditors' claims are not fully repaid.

(Lag wohl an der späten Stunde, sorry für die Falschinformation)

[PSchwammerl]

Hier noch mal der Link zur SEC Infoseite "What every investor should know about corporate bankruptcy":

http://sec.gov/investor/pubs/bankrupt.htm

[voltago01]

Meiner Meinung nach werden daher hier aufgrund der Meldung die besicherten Kredite in voller Höhe zurückgezahlt, die Bondholders und die unbesicherten Ansprüche werden mit neuen Aktien abgefunden.

Ob es dann noch etwas für die Altaktionäre gibt, wird m.E. davon abhängen, ob die Assets höher bewertet werden, als die Abfindungen für die Bondholders und die unbesicherten Ansprüche.

[Boersensieger]

CORRECTED - CORRECTED-Bankrupt Dura seeks equity rights offering
(Corrects to clarify that company has sought equity rights offering, not filed formal reorganization plan)

July 13 (Reuters) - Dura Automotive Systems Inc. (DRRAQ.PK: Quote, Profile, Research) said it has filed for an equity investment plan to support the company's reorganization and exit from bankruptcy by the year-end.

The company said it has proposed a $140 million to $160 million rights offering to its senior noteholders, representing about 39.4 percent to 42.6 percent of new common stock in the reorganized company.

Three of Dura's senior noteholders -- Pacificor LLC, Bennett Management Corp. and Wilfrid Aubrey LLC -- have agreed to buy any unsubscribed shares, it added. (Reporting by Aniruddha Basu in Bangalore)


Was haltet ihr davon???

[Boersensieger]

Hier ein wenig ausführlicher mit grober deutschen übersetzung.

Dura reaches key agreement with debt owners

Bankrupt supplier Dura Automotive Systems Inc. is looking to its debt holders to finance its exit from Chapter 11 bankruptcy protection.

Three of Dura's bondholders — Pacificor L.L.C., Bennett Management Corp. and Wilfrid Aubrey L.L.C. — have agreed to underwrite a stock offering as part of an agreement Dura will use for its reorganization plan, according to a Dura statement.

"This gives Dura the basis for a successful exit from bankruptcy," said John Groustra, a partner with turnaround firm Conway MacKenzie & Dunleavy P.C. of Birmingham. "It will become the foundation for reorganization."

Under such an agreement, the primary financial sponsors agree to buy new shares in a company not bought by other investors. Suppliers such as Intermet Corp. and Dana Corp. have made such agreements, Groustra said.

Rochester Hills-based Dura's planned rights offering lets Dura's bondholders buy shares in a reorganized Dura. The deal calls for the sale of 39.4 percent to 42.6 percent of new common stock in the reorganized company, according to the statement.

The agreement guarantees that Dura will generate $140 million to $160 million from the rights offering, according to the company.

On Oct. 30, 2006, Dura and its domestic and Canadian affiliates sought Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del.

Bankrotter Lieferant Dura AutomobilSystems Inc. schaut zu seinen Schuldhaltern, um seinen Ausgang vom Bankrottschutz des Kapitels 11 zu finanzieren. Drei von Obligationären Duras - Pacificor L.L.C., Bennett Management Corp. und Wilfrid Aubrey L.L.C. - sind damit einverstanden gewesen, eine Aktienemission als Teil einer Vereinbarung Dura zu unterschreiben verwenden für seinen Reorganisierungplan, entsprechend einer Dura Aussage. „Dieses gibt Dura die Grundlage für einen erfolgreichen Ausgang vom Bankrott,“, sagte John Groustra, ein Partner mit Umkehrunternehmen Conway MacKenzie u. Dunleavy P.C. von Birmingham. „Es wird die Grundlage für Reorganisierung.“ Unter solch einer Vereinbarung sind die finanziellen hauptsächlichförderer damit einverstanden, neue Anteile an einer Firma zu kaufen, die nicht von anderen Investoren gekauft wird. Lieferanten wie Intermet Corp. und Dana Corp. haben solche Verträge geschlossen, gesagtes Groustra. Rochester Hügel-gegründeten Duras läßt der geplante Rechtantrag Obligationäre Duras Anteile an einem reorganisierten Dura kaufen. Das Abkommen verlangt den Verkauf von 39.4 Prozent bis 42.6 Prozent der neuen Stammaktien in der reorganisierten Firma, entsprechend der Aussage. Die Vereinbarung garantiert, daß Dura $140 Million bis $160 Million von den anbietenden Rechten erzeugt, nach Ansicht der Firma. Am 30. Okt. 2006 suchten Dura und seine inländischen und kanadischen Teilnehmer Schutz des Kapitels 11 im USkonkursgericht in Wilmington,

[Boersensieger]

Ich denk das die auch noch was vom Kuchen abhaben wollen.
Und wenn die etwas bekommen dann wir auch

http://www.cnbc.com/id/15837275?q=drraq

[goodoldgermany]

na wenn Ihr Euch da mal nicht verzockt! Sonst wäre es in USA schon längst wieder stärker richtung Norden gegangen! Glaube noch ist die Unklarheit einfach viel zu grosssss

[buyer10]

Antwort auf Beitrag Nr.: 30.728.596 von goodoldgermany am 17.07.07 16:17:15

na wenn Ihr Euch da mal nicht verzockt! Sonst wäre es in USA schon längst wieder stärker richtung Norden gegangen! Glaube noch ist die Unklarheit einfach viel zu grosssss

Servus goodoldgermany,

na bei Delphi bist Du so bullisch und bei Dura meinst Du, geht's den Bach runter?

Bei Delphi könnte das theoretisch (hoffentlich nicht praktisch) auch noch passieren.

Hier im Board wurde schon viel darüber diskutiert, ob die Aktien wertlos werden oder nicht. Beispiel war ja UAL

Wissen kann' s m. M. keiner!

Was unterscheidet Delphi und Dura? Deine Meinung?

Schöne Grüsse

[goodoldgermany]

Antwort auf Beitrag Nr.: 30.729.381 von buyer10 am 17.07.07 16:57:29

Delphi hat wesentlich mehr Marktwichtigkeit und die Einigungen mit GM und UAW stimmen mich sehr positiv! Vor allem auch die Trennung von Cerberus! Was sicherlich mit aktuell roten Balken zu tun hat!

Mit neuem, vielleicht nicht so aggressiven Investor haben wir alle mehr davon!

Dura kann sicherlich auch interessant sein, ich denke aber es ist genau die Zeit die Delphi schon hintersich hat bei Dura nun an der Tagesordnung! Drücken bis sich die richtigen eingedeckt haben und dann gehts wohl auch hier gen Norden! Warten wirs ab...

[goodoldgermany]

Antwort auf Beitrag Nr.: 30.729.381 von buyer10 am 17.07.07 16:57:29

zumal delphi zig fach größer ist als Dura und nun mal der größte wenn nicht sogar der wichtigste Zulieferer der amerkianischen Automobilbranche ist...

[goodoldgermany]

Antwort auf Beitrag Nr.: 30.729.381 von buyer10 am 17.07.07 16:57:29

nur nebenbei ich bin auch bei dura investiert, aber längst nicht so stark wie bei Delphi!

[buyer10]

Antwort auf Beitrag Nr.: 30.733.574 von goodoldgermany am 17.07.07 20:39:22

Dura kann sicherlich auch interessant sein, ich denke aber es ist genau die Zeit die Delphi schon hintersich hat bei Dura nun an der Tagesordnung! Drücken bis sich die richtigen eingedeckt haben und dann gehts wohl auch hier gen Norden! Warten wirs ab...

Servus goodoldgermany,

ja sicher ist Dura noch nicht so weit wie Delphi.
So am Rande kann ich mich aber schon erinnern, daß auch bei Delphi v.a. am Anfang der Insolvenz die Diskussionen die gleichen waren.
Ich hoffe für uns investierten, daß sich unsere Einlage lohnen wird.

Übrigens wo ist den eigentlich nbielfeldt???

Hab schon lange nichts mehr gehört von Ihm.

Vielleicht hat Er von den amerik. Zulieferern die Schnauze voll und ist raus?

Ich persönlich habe schon öfters mit dem Gedanken gespielt umzuschichten.

Die Hausse geht momentan am mir total vorbei

Bis Ende des Monats halte ich noch durch!

Schöne Grüsse

[goodoldgermany]

ja aktueller monat ist ja wirklich zum abegwöhnen

[goodoldgermany]

Denke Dura wird sicherlich noch mal unter die 0,20 marke rutschen.

[goodoldgermany]

Bei Delphi verstehe ich aktuell das Szenario überhaupt nicht! Cerberus schmeisst bestimmt deren Stücke auf den Markt und der neue Investor wird selbstverständlich erstmal nichts unternehmen denke ich... naja einfach nur nervig *ggg*

[goodoldgermany]

wo sind überhaupt alle die andren poster?

[goodoldgermany]

Keiner da?

[goodoldgermany]

Ist denn keiner zu Hause??? Soll ich hier allein Unterhaltung verbreiten???

[goodoldgermany]

bin dann mal wieder weg! lg melli

[goodoldgermany]

wider da und geht ja noch weiter runter...

[Boersensieger]

Mahlzeit!
Bin Raus. Tut mir leid aber hier gibts nichts mehr zu holen. Dura wird unter den Schuldnern aufgeteilt! Die jetzt noch kaufen decken nur noch ihre Shorts ein. Short Interest ist zum vormonat auch gestiegen. Es sieht echt übel aus. Habe Verluste jetzt realisiert bevor man gar nichts mehr bekommt.

Auto headlines

July 18, 2007

Auto headlines

Reorganization outlined

Dura Automotive Systems Inc., an auto component manufacturer, filed terms outlining a reorganization plan and an equity-rights offering designed to finance its emergence from Chapter 11 by raising between $140 million and $160 million.

Dura plans to hand out stock in the reorganized company in exchange for $418.7 million in senior notes and claims of other unsecured creditors. Second lien claims totaling $225 million will be paid off in cash, in full.

Dura's $560 million in subordinated notes will receive no distribution in the plan because the stock they otherwise would receive will go to the senior noteholders under subordination provisions. Existing stockholders also are to be wiped out under the plan.

Dura will finance its emergence from Chapter 11 with an equity-rights offering giving senior noteholders the ability to purchase between $140 million and $160 million in new stock, representing between 39.4% and 42.6% of the equity.

The remainder of the new stock will go to senior noteholders and other unsecured creditors for their claims, apart from up to 10% reserved for management.

http://www.freep.com/apps/pbcs.dll/article?AID=/20070718/BUS…

[Boersensieger]

Antwort auf Beitrag Nr.: 30.765.203 von Boersensieger am 19.07.07 19:39:31

Dura Automotive Systems filed a bankruptcy reorganization plan which would not pay anything to investors holding $560.7 million of subordinated bonds.

http://www.fool.com/investing/dividends-income/2007/07/16/in…

[Boersensieger]

Keiner eine Meinung??

[goodoldgermany]

Antwort auf Beitrag Nr.: 30.765.203 von Boersensieger am 19.07.07 19:39:31

bin gestern schon raus und mit 1% gewinn *lol*

hab komplett zu Delphi geschichtet! hier gibts bezugsrechte und alte shareholder werden berücksichtigt! SL Wellenabgriff gestern und heute rebound!

[PSchwammerl]

Ja, das wars dann wohl, leider keine zweite Dölfi Was solls, gibt noch andere Aktien

[zufallig]

Ich sehe das anders und halte die Aktien noch eine Weile. Auch bei Delphi wurde zwischendurch die Vernichtung der Aktien angekündigt. Dies ist bis heute nicht geschehen.

Es gibt nur 18,9 Mio Aktien. Aktueller Marktwert nur noch 3,97 Mio Dollar. Eine einzige deutsche Tochterfirma dürfte mehr wert sein. Hier hat der Insolvenzrichter auch noch ein Wörtchen mitzureden.

[Boersensieger]

Antwort auf Beitrag Nr.: 30.780.529 von zufallig am 20.07.07 20:17:34

Das ist defentiv falsch. Für Shareholder gibt es nur etwas wenn die Assets höher wären als die Schulden. Und dies ist deventiv nicht der fall. Dura ist außerdem zu klein. Eregt keine aufmerksamkeit sollte Dura am markt verschwinden. Bei Delphi ist das was anderes oder bei Calpine die haben die entsprechende grösse und die Aufmerksamkeit der öffentlichkeit. Dies können sich grosse nicht erlauben schlecht in der Presse zu stehen. Irgendwann wollen die nämlich den Kapitalmarkt mal wieder anzapfen und dann gibts halt ein paar brosamen für Altaktionäre. Zu guter letzt gibt es auch kein Shareholdervertreter wie bei Calpine die sich für die interessen der aktionäre einsetzten. Du sieht es gibt nichts zu holen drum krät auch kein Hahn danach.

[zufallig]

Sorry, sehe ich anders. Ich interpretiere auch die Meldungen anders. Es werden in US auch nach wie vor große Pakete gekauft.
Die deutschen Töchter sind mehr wert als die Schulden und als die aktuellen Aktien und unterliegen nicht chapter 11.

Trotzdem danke für die Warnung, man muss in der Tat in den nächsten Wochen wachsam sein.

[zufallig]

DURA Automotive Handels und Beteiligungs GmbH, a wholly owned subsidiary of DURA Automotive Systems, Inc. (OTCRRAQ), today announced that it has entered into a joint venture agreement with MINTH Group Limited, to develop, manufacture and sell automotive door frames, body-in-white door modules and door pillar cappings for automakers based in China. The new joint venture company will conduct business under the name DURA MINTH AUTOMOTIVE SYSTEMS Co., Ltd. The transaction is subject to final business license approvals.

"Establishing a DURA MINTH joint venture in China allows us to expand our customer support in the Asian market for body and trim components," said Mr. Larry Denton, DURA Automotive's chairman and chief executive officer. "Our customers will benefit from the combination of MINTH's strong capabilities in the manufacture of precision door and trim components, coupled with DURA's world-class design and advanced manufacturing technology."

Ich scheine recht zu behalten:-) Aktuell passiert das Gleiche wie vor 18 Monaten bei Delphi: Es gibt gezielt positive Nachrichten und in USA seit Tagen nur Zukäufe. Heute 11,76 % Steigerung.

[PSchwammerl]

Meines Wissens nach hatte Delphi nach der Chapter 11 Anmeldung vor 18 Monaten keinen "Reorganisation-Plan" vorgelegt oder in Eckpunkten (Entschädigung der Altaktionäre) vorgelegt. Daher lief die Spekulation ja auch so schön (erst recht, nachdem sich größere Investmenthäuser eingekauft hatten). Diese Parallele gibts bei Dura leider nicht (mehr) (weder grosse Häuser, noch Reorganisation-Plan, der noch Raum für Spekulationen lässt).

Viel Glück dennoch

[Boersensieger]

Antwort auf Beitrag Nr.: 30.883.072 von zufallig am 27.07.07 22:06:17

Und heute wieder runter! Die Mofos treiben ihr spiel und ziehen dir Kohle aus dem Sack. Nochmal hier wird es nichts zu holen geben. Schau dir mal das Umtauschverhältnis von Delphi an. Grottenschlecht.

[zufallig]

Antwort auf Beitrag Nr.: 30.953.452 von Boersensieger am 31.07.07 16:52:23

Hmm. Nochmals danke für die Warnungen.

In den letzten Tagen habe ich meinen Einsatz fast wieder verdoppelt. Delphi habe ich übrigens mit Faktor 10 realisiert. Verkauf war bei 1,96 im März. Über ein Jahr geduldig abgewartet und mir dann eine goldenen Nase verdient. Zum Glück hatte ich da auf Warnungen nicht gehört. Ich bin zwar Laie aber Börse heisst glaube ich auch: Geduld.

Heute wieder nur Zukäufe.

[Delphianer]

Hi @ all,

was sagt ihr heute? wie sehen eure prognosen aus?

danke und gruß

[PSchwammerl]

Also, ich will ja nix sagen, aber der Kurs spricht eine deutliche Sprache Zum Glück bin ich raus, wenn auch mit Verlust...

[muppi]

Antwort auf Beitrag Nr.: 31.389.400 von PSchwammerl am 04.09.07 19:22:58

keiner mehr da ? es gibt doch grund zur freude

[PSchwammerl]

Antwort auf Beitrag Nr.: 31.822.503 von muppi am 02.10.07 20:09:34

Welchen Grund meinst Du denn?

[GiovanniTrappertoni]

Court Approves Dura Automotive Systems' Disclosure Statement
10/3/2007
Official Committee of Unsecured Creditors Supports Plan of
Reorganization;

DURA Remains on Track to Emerge from Chapter 11 in the Fourth
Quarter of 2007

ROCHESTER HILLS, Mich., Oct 03, 2007 (BUSINESS WIRE) --

DURA Automotive Systems, Inc. (Pink Sheets: DRRAQ) today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the company's Disclosure Statement, solicitation procedures and creditor ballots. In a hearing that took place today, the Court determined that DURA's Disclosure Statement contains the necessary information to enable creditors to vote on DURA's Plan of Reorganization.

In addition, the Official Committee of Unsecured Creditors supports confirmation of DURA's Plan and has filed a statement urging creditors to vote to accept the Plan.

"This favorable Court decision and support from the Committee for our plan to reorganize the Company, paves the way for DURA to exit Chapter 11 this year as planned," said Larry Denton, Chairman and Chief Executive Officer of Dura Automotive Systems. "We are looking forward to completing the legal process and focusing all of our resources on innovation and execution of our financial and operational strategy to aggressively compete and grow in the global automotive marketplace."

The Plan and Disclosure Statement provide details on how DURA intends to treat claims against the Company and emerge from Chapter 11 protection in the fourth quarter of 2007. The Court's approval of the Disclosure Statement enables DURA to begin sending its Plan of Reorganization and Disclosure Statement to creditors to obtain their vote on the Plan. The ruling today allows DURA's balloting agent to soon begin distribution of ballots and accompanying support materials to parties eligible to vote to accept or reject the Plan.

The Court also today set Nov. 26, 2007, as the hearing date for Plan confirmation. Once the Plan is confirmed and administrative procedures are completed, DURA will officially emerge from Chapter 11.

DURA was advised by AlixPartners, Kirkland & Ellis and Miller Buckfire in connection with its Chapter 11 reorganization.

No Solicitation

Neither the Disclosure Statement nor this press release are solicitations for votes to accept the Plan. Parties should refer to the Plan and the Disclosure Statement for information regarding the Plan, creditor recoveries contemplated thereby and other related matters.

About DURA Automotive Systems, Inc.

DURA Automotive Systems, Inc., is a leading independent designer and manufacturer of driver control systems, seating control systems, glass systems, engineered assemblies, structural door modules and exterior trim systems for the global automotive industry. The company is also a leading supplier of similar products to the recreation vehicle (RV) and specialty vehicle industries. DURA markets its automotive products to every North American, Asian and European original equipment manufacturer (OEM) and many leading Tier 1 automotive suppliers. DURA is headquartered in Rochester Hills, Mich. Information about DURA and its products is available on the Internet at www.duraauto.com.

Forward-looking Statements

This press release may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: (i) the ability of the Company to continue as a going concern; (ii) the ability of the Company to operate pursuant to the DIP Credit Agreement; (iii) the Company's ability to obtain court approval with respect to motions in the chapter 11 proceeding prosecuted by it from time to time; (iv) the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the chapter 11 cases; (iv) risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a chapter 11 trustee or to convert the cases to chapter 7 cases; (v) the ability of the Company to obtain and maintain normal terms with vendors and service providers; (vi) the Company's ability to maintain contracts that are critical to its operations; (vii) the potential adverse impact of the chapter 11 cases on the Company's liquidity or results of operations; (viii) the ability of the Company to execute its business plans, and strategy, and to do so in a timely fashion; (ix) the ability of the company to attract, motivate and/or retain key executives and associates; (x) the ability of the company to avoid or continue to operate during a strike, or partial work stoppage or slow down by any of its unionized employees; (x) general economic or business conditions affecting the automotive and recreation and specialty vehicle industry (which is dependent on consumer spending), either nationally or regionally, being less favorable than expected; and (xi) increased competition in the automotive components supply market. Other risk factors are listed from time to time in the Company's United States Securities and Exchange Commission reports, including, those contained herein. Dura disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise.

Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various pre-petition liabilities, common stock and/or other equity securities. Additionally, no assurance can be given as to what values, if any, will be ascribed in the bankruptcy proceedings to each of these constituencies. A plan of reorganization could result in holders of Dura's common stock receiving no distribution on account of their interest and cancellation of their interests. Under certain conditions specified in the Bankruptcy Code, a plan of reorganization may be confirmed notwithstanding its rejection by an impaired class of creditors or equity holders and notwithstanding the fact that equity holders do not receive or retain property on account of their equity interests under the plan. In light of the foregoing, the Company considers the value of the common stock to be highly speculative and cautions equity holders that the stock may ultimately be determined to have no value. Accordingly, the Company urges that appropriate caution be exercised with respect to existing and future investments in Dura's common stock or other equity interests or any claims relating to pre-petition liabilities.

SOURCE: DURA Automotive Systems, Inc.

Brunswick Group U.S. Contact: Ellen Gonda, [phone] [e-mail] or Christina Stenson, [phone] or European Contact: Jonathan Glass, + 44 20 7404 5959
Copyright Business Wire 2007