Unipart Automotive rescue deal close?
Reports on FT.com suggest that Unipart Automotive may be close to securing a rescue deal that will save the British car parts supplier from a bankruptcy that would put 1,500 jobs at risk. The company has filed an intention to appoint KPMG as administrators, but its owners are hopeful of reaching a deal for a takeover of the business from one of three shortlisted bidders.