Mexican bus and truck maker Grupo Dina, technically bankrupt, will either go out of business entirely or, if a debt-restructuring agreement can be reached, will severely downsize and be out of the truck-making business.

According to London's Financial Times, the manufacturer is asking bondholders to accept its remaining 24 percent stake in U.S. bus maker Motor Coach Industries International as payment after defaulting in February.
If that doesn't work, Dina, which lost $22 million in the first half of the year, will be forced to sell all remaining assets. The company has not made any trucks since February. It sold only 151 trucks this year, compared with 11,300 in 1993, the year it went public. Dina has struggled with problems in the Mexican economy and the cancellation of a crucial contract from Western Star when Freightliner purchased the Canadian truck maker.
If the deal goes through with the bondholders, Dina will cut its operations down to a car body plant and a plastics factory that will make parts for other vehicle brands.