Tough Times At U.S. Makers Of Auto Parts

Article Abstract:

Visteon Automotive Systems and Delphi Automotive Systems Corp., tow of the country's biggest automobile parts manufacturer are downsizing and cutting jobs. Both companies have seen their credit rating drop to junk status.

Personnel administration, Human resource management, Finance, Delphi Corp., Company personnel management, Company financing, Visteon Corp. (Dearborn, Michigan), Downsizing

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Kerkorian Seeking 9% Stake in G.M

Article Abstract:

Multi-millionaire Kirk Kerkorian is offering to buy shares in auto giant General Motors for 11.6 percent over Tuesday's closing price. If he is successful Kerkorian will own 9 percent of G.M.

TRANSPORTATION EQUIPMENT, Behavior, General Motors Corp., GM, Transportation equipment industry, Kerkorian, Kirk, Tracinda Corp.

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Financier Shifts His Focus to Auto Parts

Article Abstract:

After making a mark investing in the steel industry, Wilbur L. Ross Jr. is planning to buy several automobile parts companies through his investment firm, W.L. Ross & Company.

Strategy & planning, Investment Offices, Investment Companies, Open-End Investment Funds, Investment Funds & Trusts, Planning, Company business planning, Capitalists and financiers, WL Ross and Company L.L.C., Ross, Wilbur L., Jr.

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