As part of the turnaround plan, Marelli is seeking the cancellation of about 450 billion yen ($3.5 billion) in debt, out of obligations of about 1.13 trillion yen, Bloomberg reported.
Marelli is seeking the cancellation of about 450 billion yen ($3.3 billion) in debt out of total obligations of about 1.13 trillion yen, as part of a wider restructuring, sources say.
A group called Pandora threatened to release purchase orders, emails and sketches on the dark web.
The supplier, previously owned by Fiat Chrysler Automobiles, carried at least $9.5 billion in total debt as of September, sources told Bloomberg. Marelli is the world's 18th largest auto supplier.
The gap between putting in a semiconductor order and taking delivery rose for the ninth month in a row to an average of 21.7 weeks in September, Bloomberg reported.