PLASTAL files for bankruptcy

MONEY.COM: The crisis hitting the global auto industry claimed its first casualty in Sweden Thursday as bumper and dashboard maker Plastal Holding AB filed for bankruptcy, stoking fears that more car parts suppliers in the country and beyond are heading towards collapse.

"It's a clear signal the tough situation in the auto industry is far from over," said Evli Bank auto analyst Michael Andersson. "There's no doubt there will be more bankruptcies," he added.
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