Chassix Holdings Inc., a parts supplier to large automakers, filed for chapter 11 protection yesterday with a prepacakaged restructuring plan that has the support of a majority of its bondholders, the Wall Street Journal reported yesterday. Chassix, owned by private-equity firm Platinum Equity LLC, had been working in February on a restructuring plan that would hand ownership stakes to creditors in exchange for debt forgiveness and would rework contracts with big automakers including General Motors Co., Ford Motor Co. and Chrysler. The Southfield, Mich.-based company said in a court filing yesterday that it has $833 million in assets and $784 million in liabilities. Stress on its facility in Bristol, Ind., in particular, including equipment failures and delays, led to daily losses there of between $350,000 and $500,000 by the fourth quarter of last year. The company, which has more than 4,500 employees, makes steering knuckles, control arms and brake components.
