Autos News (Dealscape)

Autos

Chrysler to shop Dodge Viper brand

[Posted on August 27, 2008 at 11:59 AM]

Private equity-backed Chrysler LLC said Wednesday it is exploring options for its Dodge Viper business after being approached by unnamed buyers interested in purchasing the business....

Report: Middle Eastern investors eye Hummer

[Posted on August 26, 2008 at 1:25 PM]

Count two Middle Eastern investors among the potential bidders for General Motors Corp.'s Hummer brand.

GM preparing for talks to sell Hummer

[Posted on August 22, 2008 at 11:27 AM]

General Motors Corp. officials said Thursday they will soon open formal talks with bidders for the company's Hummer unit, ideally easing concerns that the automaker might be unable to sell the gas-guzzling SUV unit....

Moody's lowers GM rating deeper into junk status

[Posted on August 13, 2008 at 2:19 PM]

E-mail | Leave a Comment
Filed under: Autos | Corporate restructuring | Ratings Review

Moody's Investors Service on Wednesday lowered its credit rating on General Motors Corp. deeper into junk status, highlighting the challenges of the automaker's turnaround effort....

Grant Thornton: Automakers won't go bankrupt, but their suppliers are at risk

[Posted on August 8, 2008 at 4:23 PM]

E-mail | Leave a Comment
Filed under: Autos | Bankruptcy | Corporate restructuring | Editor's Choice

The current slowdown in auto sales has put as many as one-third of North American automotive suppliers at risk of bankruptcy but should not claim any of the Big Three as victims, according to a report issued Friday by Grant Thornton LLP's advisory and restructuring services group....

Automakers can't escape pain from former subsidiaries

[Posted on August 8, 2008 at 2:00 PM]

E-mail | Leave a Comment
Filed under: Autos | Bankruptcy | Corporate restructuring

Nearly a decade after spinning them off as independent companies, General Motors Corp. and Ford Motor Co. both continue to be plagued by the woes of their former parts subsidiaries Delphi Corp. and Visteon Corp., respectively....

Dana turns tables on Chrysler

[Posted on August 7, 2008 at 3:03 PM]

E-mail | Leave a Comment
Filed under: Autos | Bankruptcy | Editor's Choice | Private Equity

Auto parts makers have had to eat the dust of their automaker customers the past few years. But Dana Corp. didn't on Wednesday....

Chrysler/Nissan talks: Short-term gain, long-term M&A?

[Posted on August 7, 2008 at 11:33 AM]

In the year since Cerberus Capital Management LP bought Chrysler LLC, auto industry watchers have been waiting to see what fresh ideas private equity ownership might inject into the struggling company. Watchers got their wish on Thursday, but the talk of outsourced manufacturing and stronger partnerships is resulting in considerable head-scratching instead of awe....

We called it: GM's Wagoner is safe

[Posted on August 5, 2008 at 5:31 PM]

E-mail | Leave a Comment
Filed under: Autos | Corporate restructuring | Distressed | Editor's Choice

Looks like General Motors Corp.'s CEO Rick Wagoner will be sticking around. The board is backing Wagoner even with the company's $15.5 billion loss in the second quarter, according to The Wall Street Journal. Wagoner has been at GM's helm as CEO since mid-2000. GM reported cumulative losses of roughly $50 billion for 2005, 2006 and 2007. Just in case you missed it, The Deal's Lou Whiteman said Friday during an appearance on Fox Business that Wagoner would be safe. Watch the video after the jump. - Maria Woehr...

Bankruptcy Update: SemGroup, Linens 'N Things, and more

[Posted on August 4, 2008 at 7:52 AM]

E-mail | Leave a Comment
Filed under: Auction | Autos | Bankruptcy | Retail

Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....

GM in talks with Mahindra, others, about a Hummer deal

[Posted on July 31, 2008 at 10:45 AM]

General Motors Corp. is reportedly in talks with India's Mahindra & Mahindra Ltd. as well as Russian and Chinese automakers as it looks to divest its gas-guzzling Hummer brand and focus on building smaller vehicles....

GM talking to dealers about Hummer

[Posted on July 28, 2008 at 3:31 PM]

E-mail | Comments (1)
Filed under: Autos | Corporate restructuring

General Motors Corp. is reportedly in buyout talks with Hummer dealers in an apparent effort to head off potential lawsuits should the automaker sell or shutter the brand....

Bidders interested in buying Hummer

[Posted on July 25, 2008 at 4:13 PM]

E-mail | Leave a Comment
Filed under: Auction | Autos | M&A

General Motors Corp. is steering closer to a deal for its Hummer brand. The company has apparently heard from some interested bidders, CEO Rick Wagoner told Reuters. Unfortunately, Wagoner kept the names close to his vest....

Chrysler, GMAC weighing down the IRR on Cerberus fund

[Posted on July 14, 2008 at 8:36 AM]

E-mail | Leave a Comment
Filed under: Autos | Banking | Distressed | Private Equity

Distressed investing specialist Cerberus has seen returns on its latest fund in the red after big bets on Chrysler LLC and GMAC LLC truned south.

A GM bankruptcy would be no easy fix

[Posted on July 9, 2008 at 12:33 PM]

E-mail | Comments (2)
Filed under: Autos | Bankruptcy | Corporate restructuring | Editor's Choice

Felix Salmon paints an accurate picture of the woes facing General Motors Corp. in a blog post for Portfolio.com. But his suggested remedy, a GM bankruptcy filing with a Chevy spinoff to shareholders, seems needlessly complicated and in fact might do little to solve what ails the automaker....

Add China's Chery to the list of Volvo suitors

[Posted on July 8, 2008 at 3:26 PM]

E-mail | Leave a Comment
Filed under: Autos | Corporate restructuring | Deal International | M&A

For a brand that its owners, Ford Motor Co., insist is not for sale, Volvo Car Corp. sure has a lot of suitors....

Did GM leak brand realignment to raise stock?

[Posted on July 7, 2008 at 11:48 AM]

General Motors Corp., which has seen its shares fall to 1950s-lows in recent weeks on fears of a slowing economy and due to its overreliance on gas-guzzling trucks and SUVs, got a boost Monday from a Wall Street Journal story reporting that the automaker is looking to cut thousands of white-collar jobs and could sell or axe some of its brands....

Bankruptcy Update: Tropicana, Bombay, Progressive and more

[Posted on July 7, 2008 at 8:36 AM]

Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....

American Axle gets flat tire from GM woes

[Posted on June 30, 2008 at 5:40 PM]

E-mail | Leave a Comment
Filed under: Autos | Ratings Review

The U.S. auto business is in shambles, and direct business partners of the Big Three such as American Axle & Manufacturing Inc. are experiencing collateral damage. The latest pothole for American Axle is a downgrade on Monday from debt rating agency Fitch Ratings. Fitch lowered its credit rating to BB- from BB because of the financial woes at General Motors Corp., which is hurting so much that some such as stock pundit Jim Cramer are advocating the company might be better off declaring bankruptcy....

Report: Ford held Volvo sale talks with Renault

[Posted on June 30, 2008 at 4:00 PM]

Even as Ford Motor Co. was seeking buyers last year for Jaguar, Land Rover and Aston Martin, the automaker insisted its Volvo unit was not for sale. But according to reports, the Dearborn, Mich., company was at least willing to listen to offers for the Swedish carmaker....

Browse past entries in the Autos category by date

Browse other Categories

« Auction | Main Index | Banking »

Search

Editor's Choice

Syndicate

Subscribe to our RSS feed

Video

Inside The Deal: From I-banker to corporate dealmaker

Executive recruiter Michael Rosenblatt gives an insider take on bankers heading to strategics.