Remy’s transformation since 2007, when a $700 million debt load propelled it into bankruptcy court, could be fodder for business-school case studies of the 21st century.
Pendleton-based manufacturer Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, has filed plans to raise up to $100 million through an initial public stock offering.
Pendleton-based Remy International Inc., the former General Motors Co. unit that exited bankruptcy in 2007, is considering a public offering of its stock this year, CEO John Weber says.
Motor maker Remy International will embark on a major expansion next spring to satisfy growing demand from makers of hybrid and electric vehicles—and Madison County officials think they’re well positioned to land the jobs.
MotoCzysz sees the Remy motor as part of an electric motorcycle-based drive system—tailored to automobiles. The companies
collaborated on the winning electric bike at Isle of Man race.
Pendleton-based company reported both higher profit and revenue, helped by a 20-percent increase in hybrid-motor sales.