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 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.