The financial squeeze on US suppliers
BELGIUM: Chapter 11 ‘grossly unfair’ – Bosal CEO
Bosal CEO Karel Bos has strongly criticised US bankruptcy procedures that allow bankrupt companies to restructure and continue their US…
US: Private investors to pump $2.55bn into Delphi
Delphi Corporation has negotiated a new private equity deal that will pump $2.55bn into the reorganised parts maker and bring…
US: Cadence reiterates C&A interest despite deal stall
Cadence has said that it isn't walking away from Collins & Aikman (C&A) for good, despite a break-off in current…
US: Tower cleared for Cerberus landing
Tower Automotive has been cleared by bankruptcy court in New York to complete its reorganisation plan and sell most company…
FEATURE: ‘Barbarians at the gate’ enter the auto industry
There’s nothing new about private equity firms, but the big groups are getting bigger and growing in influence. Seen by some as avaricious…
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US: Dana finds buyer for ‘non-core’ unit
Dana Corporation, one of a number of major US-based components suppliers operating under Chapter 11 bankruptcy protection has agreed to…