AUTO EXPO OF HUNTINGTON PRO

'The cumulative effect of labor and supply chain shortages along with increases in raw material costs has burdened with substantial debt and no adequate means to generate revenue sufficient to continue to meet customer requirements,' according to the petition. In May 2021, the company was acquired by Christopher Goetz. Just as operations began to stabilize, the company said, the pandemic shutdown reversed its progress. It lost significant chunks of business in 2018 when GM announced the closure of its Lordstown, Ohio, plant and when an explosion at the Meridian Magnesium Products of America Plant in Eaton Rapids stopped production of the Ford F-150, halting deliveries from the truck's supply chain. The company's struggles precede the pandemic, however. 'In late 2021, debtor was unsuccessful in its customer requests for price increases in order to defray the impact of increased costs of labor and raw materials,' the filing said. Like most automotive suppliers, Instaset's profitability has been hit over the past couple of years due to rising costs and challenges recouping losses from customers. Its sales this year totaled $4.9 million as of last week. Since its peak in 2015, when the company was acquired by WGS Global Services, annual sales have declined more than 70 percent. The bankruptcy filing is the result of a half-dozen years of financial issues for the company, which supplies plastic parts, such as interior door handles, for OEMs including General Motors Co. Strobl Sharp PLLC, which is representing it in the bankruptcy case, did not return a request for comment. The company could not be reached for comment. 'A potential disruption in services would be devastating to debtor's ability perform on its executory contracts and to maximize the value of its assets and to successfully liquidate as a going concern,' the petition said. The process, known as a 363 sale, is expected to be complete by Oct. The company, which is based near New Baltimore in the northern Detroit suburbs, is running out of cash and aiming to secure another loan from a creditor to keep operations going until it is taken over by Holland-based Clarion Technologies Inc. The automotive plastics supplier, whose sales have been hollowed out by a host of supply chain problems, is seeking bankruptcy protection under Subchapter V of Chapter 11, according to the petition in U.S. LLC has filed for bankruptcy in a bid to stay afloat long enough to be sold to an injection molding company on the west side of the state. Both sides (of the track) have to be absolutely identical.Michigan-based injection molder Instaset Plastics Co. “We are doing a half-mile drag race, and riders have to navigate 80 obstacles.

AUTO EXPO OF HUNTINGTON PRO

🚵🏽‍♀️ Love learning how cool $h*t is built? We’ve got you-join Pop Mech Pro for more behind-the-scenes builds. “The best way to sum up Straight Rhythm is it is a supercross drag race,” Baker, owner of Florida-based Dream Traxx, tells Popular Mechanics of the track nestled against the shore in Huntington Beach, California. The unique nature of two motocross riders, racing side-by-side down an identical dirt course, requires exacting precision for all 1,800 feet of track. The 1,800-foot-long track will feature 80 obstacles, all constructed to exacting specs.Īcross the 25-foot width of the Red Bull Straight Rhythm motocross dirt track, builder Jason Baker can’t allow for any variations.The track near the shore at Huntington Beach requires 9,000 yards of material.

The 25-foot-wide dirt track must be identical for each rider, requiring extra precision.

Auto expo of huntington