Italian-Japanese auto parts supplier Marelli, owned by private equity firm KKR $KKR , is currently in advanced talks with creditors as it grapples with heavy debt burdens. According to reports from Japanese news agency Kyodo, Marelli may file for Chapter 11 bankruptcy protection in the United States. The move is aimed at preserving its operations and supplier commitments, particularly to major OEMs like Nissan $7201.T and Stellantis $STLA, while it seeks financial restructuring and new capital injections.