When billionaire investor Wilbur Ross acquired a handful of bankrupt steel makers a few years ago, he converted them into a profitable company that ultimately sold for $4.5 billion, double what he originally paid. Ross sees similar potential among struggling auto parts suppliers, including Delphi Corp. and Visteon Corp., the two largest in North America. Visteon handed back 23 facilities it says were non-competitive to a private entity managed by Ford Motor Co. and is in the throes of cost ...

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