Lumileds won U.S. bankruptcy court approval to borrow USD $175m, overcoming skepticism from a federal judge who said a fee tied to the loan seemed excessive. US Bankruptcy Judge Lisa Beckerman approved the financing package. Existing lenders who opt to advance fresh credit to the bankrupt company will share a fee totaling nearly 37 per…
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.