The auto parts and components industry has faced headwinds, such as inflation, high interest rates, and consumer caution with discretionary spending, over the last two years that have forced manufacturers like Grupo Antolin to file for restructuring.
Major automobile parts and components company Grupo Antolin filed for Chapter 15 recognition of a foreign main proceeding for its Spanish restructuring plan to protect the debtor's assets, rights, obligations, or liabilities in the United States.
Grupo Antolin has not filed for Chapter 11 bankruptcy. A Chapter 15 filing is different from a Chapter 11 bankruptcy filing, as it seeks recognition of a foreign restructuring or insolvency to protect an entity's assets in the U.S. It is not a bankruptcy filing, though the process is filed in a bankruptcy court.
The Burgos, Spain-based company, founded in 1950, filed for a Spanish restructuring plan on July 10, 2026, which the Spanish court accepted on July 17, according to court documents. The court is expected to approve the restructuring in late September or October 2026.
Grupo Antolin files Chapter 15
Grupo Antolin, which generated €3.73 billion ($4.25 billion) in revenue in 2025, filed its Chapter 15 petition in the U.S. Bankruptcy Court for the Southern District of New York in Manhattan on July 20, to facilitate the administration of the Spanish restructuring, protect its U.S. assets, and enforce the Spanish restructuring plan on any affected creditors, according to the petition.
The 75-year-old auto components and parts manufacturer supplies products for many of the world's largest automobile manufacturers, including Ford Motor Company, General Motors, Stellantis, Volkswagen, Hyundai Motor Company, and Renault-Nissan.
Operates in 23 countries
Grupo Antolin operates 111 production plants and "just-in-time" delivery centers in 23 countries, employing 20,000 workers. In the U.S., the company operates 10 production plants, one technical-commercial office, and employs about 2,100 people nationwide.
The company plans to continue normal operations while it reorganizes, and the company did not indicate in court papers any plans to terminate employees.
"The Spanish proceeding allows the debtor's business operations to continue, employees to be maintained, and liabilities to be restructured," Foreign Representative Cristina Blanco Santo Tomás wrote in the petition.
The company supplies over 110 automotive brands and about 20 original equipment manufacturers, with its components included in over 500 vehicle models globally, including nine of the 10 best-selling vehicles worldwide, according to court papers.