Wednesday, January 28, 2026 at 6:55 PM
After struggling to obtain new money from its top lenders, the bankrupt auto-parts supplier said it has secured prepayments from its largest customers.
The bankrupt auto-parts supplier has been unable to shore up additional liquidity it needs before cash runs out in days.
The move could escalate tension between Ottawa and the automakers, who have scaled back production in the country.
Federal prosecutors charged the auto-parts tycoon with defrauding lenders to his now-bankrupt company.
Thousands of electric vehicles from Chinese automakers can enter Canada this year at a new low tariff rate.
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