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Another iconic auto parts brand files for Chapter 11 bankruptcy

TheStreet
Summary
Nutrition label

81% Informative

The automobile industry has battled financial distress in the last year with several companies filing bankruptcy.

The most significant bankruptcy in the auto industry occurred on June 18 when electric vehicle maker Fisker Group filed for Chapter 11 protection to shut down operations and liquidate its assets.

Auto parts companies under financial distress include e-commerce auto parts retail business PartsID.

VR Score

82

Informative language

81

Neutral language

38

Article tone

formal

Language

English

Language complexity

71

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

Affiliate links

no affiliate links