Lenders representing more than 90 per cent of Marelli’s bank debt have approved the company’s revitalisation plan, and the Tokyo District Court has confirmed it. Central to the plan is Marelli’s capital restructuring, comprising the investment of new equity capital by shareholder KKR and a reduction of existing bank debt. The overall goal is to…
Hector Fratty
Hector Fratty, DrivingVisionNews President and Founder has been for his entire career in automotive lighting. From 1995 to 2006, he was Valeo Lighting Systems’ chief of R&D, managing a staff of 650 engineers and technicians and a budget of over €70m. He holds 20 patents worldwide. In 2008, after 2 years’ consultancy, he initiated the launch of Driving Vision News, a news pipeline dedicated to keeping the lighting and driver assistance community informed of the latest progress and development in the industry. Hector Fratty presides over the highly‐regarded biennial VISION Congress international automotive lighting and driver assistance symposium. Hector Fratty is also a member of the ISAL steering committees.