Major car giant, airport service provider faces bankruptcy

With rising labor and product costs as well as a customer base that is watching their spending more carefully, economic problems have also seeped into the automotive industry at every level. California-based off-road racing car manufacturer Alumicraft, auto parts giant Marelli Holdings Co., and auto parts company First Brands Group are some of the U.S. companies that filed for bankruptcy protection in the last year. In the United Kingdom, parking lot operator National Car Parks (NCP) has became the late ...