Hints and tips:
...ZF of Germany agreed to acquire Michigan-based TRW Automotive in September for $11.7bn, while Visteon last month sold its stake in a South Korean in-car heating joint venture for $3.6bn....
...One influential U.S. senator said on Wednesday he was “carefully examining” the approval to see if it eased his security concerns.”...
...(Financial Times)NYT DealBook) Santander car finance unit IPO planned: “Santander and a trio of private equity firms are planning to list the US automotive finance unit of the Spanish banking group in the...
...Keep in mind that the average car or truck in the U.S. is over 10 years old....
...Several tier one suppliers, including Lear, TRW and Magna, have reported unexpectedly strong first-quarter earnings as their carmaker customers around the world step up production....
...Two other global parts makers, TRW and Federal Mogul, have been mentioned as possible contenders....
...At this time, ratings on GMAC unit Residential Capital LLC (CCC+/Negative/C) are not on CreditWatch....
...Chrysler Testimony to Senate Banking Committee Following is the text of prepared oral testimony by Bob Nardelli, Chairman and CEO of Chrysler LLC, before the Senate Banking Committee on Thursday, Dec. 4...
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