DETROIT — When Chrysler LLC needed someone to help it through a critical parts shortage, it turned to a supplier executive whose earlier financial troubles had once made him an industry pariah.
Larry Winget's Mayco International LLC answered Chrysler's emergency call to make door panels for base-model Chrysler 300 sedans.
Five years ago, the Detroit 3 were big customers of another Winget company, Venture Holdings Co. LLC. He had built the suburban Detroit outfit into a global, $1.9 billion parts maker.
Then Winget's empire unraveled. A German affiliate of Venture became insolvent, cutting off funds to the parent. Automakers feared a Venture collapse would cut off parts, shutting down their assembly lines.
In March 2003, Venture filed for Chapter 11 bankruptcy protection. Winget resigned from Venture's board in May 2004.
Lawyers for Winget did not return several phone calls requesting comment.
Last year, Winget returned to the industry. His NJT Enterprises LLC rescued Mayco Plastics Inc. from bankruptcy, changing the name to Mayco International. Mayco, of suburban Detroit, supplies door panels and plastic parts for airbag covers and other components.