Auto Parts Makers That Supplied GM Struggle to Steer out of Bankruptcy

General Motors and Chrysler may see a light at the end of the bankruptcy tunnel, but the parts manufacturers that depended on them for business are still struggling. On Monday, J.L. French Automotive Castings filed for Chapter 11 bankruptcy protection in Delaware. The prenegotiated restructuring will swap company equity for more than $200 million in debt forgiveness. One company that may see the end in sight is Delphi, with a bankruptcy judge this week approving a proposed sale of the company for $2 billion in cash.