We're hosting a live conversation with 40 Under 40 honorees
this Thursday at 3pm ET. Click here to learn more.

Prechter raises funds for depression cure

DETROIT - Waltraud Prechter, chairman of Prechter Holdings Inc., has established a foundation in memory of her late husband, Heinz, to raise money to find a cure for manic depression.

Heinz Prechter, who was chairman and founder of Southgate, Mich., supplier ASC Inc., committed suicide in July after suffering from manic depression.

The nonprofit foundation, also in Southgate, is called the Heinz C. Prechter Fund for Manic Depression. "We will build a national alliance of leaders in business, politics, health care and our communities to raise funds for breakthrough medical research," Waltraud Prechter said in a written statement.

The foundation initially will be staffed by employees who work for the Prechter family's World Heritage Foundation, which donates money to nonprofit organizations that specialize in health, education, arts and culture and the community.

ATTENTION COMMENTERS: Automotive News has monitored a significant increase in the number of personal attacks and abusive comments on our site. We encourage our readers to voice their opinions and argue their points. We expect disagreement. We do not expect our readers to turn on each other. We will be aggressively deleting all comments that personally attack another poster, or an article author, even if the comment is otherwise a well-argued observation. If we see repeated behavior, we will ban the commenter. Please help us maintain a civil level of discourse.


Email Newsletters
  • General newsletters
  • (Weekdays)
  • (Mondays)
  • (As needed)
  • Video newscasts
  • (Weekdays)
  • (Weekdays)
  • (Saturdays)
  • Special interest newsletters
  • (Thursdays)
  • (Tuesdays)
  • (Monthly)
  • (Monthly)
  • (Wednesdays)
  • (Bimonthly)
  • Special reports
  • (As needed)
  • (As needed)
  • Communication preferences
  • You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.