The News Review:
- Liquidity Fuels M&A Autos’ Revival
- Ford agrees to sell 2 auto parts plants in US Mexico
- Ford to sell Mexican auto parts factory to Cooper-Standard Automotive
- Japanese auto spare cos bully Indian partners
- Automobile’s advocates: Prominent residents create Akron Auto…
- Auto parts supplier Delphi accepts $3.4 billion in financing from…
Liquidity Fuels M&A Autos’ Revival
TheStreet.com – TheStreet.com (subscription) – Dec 18, 2006
htmlThe trappings of excess liquidity in the financial markets are so easy to spot on these merger Mondays. The Monday before Christmas ’06 was no different. Investors awakened to news of about $60 billion in M&A activity — no small portion of which was driven by private equity investment. The deals boosted the market for a bit but stocks couldn’t hang onto their gains amid lingering worries about what happens if and when the liquidity dries up. After trading as high as 12491 early on the Dow Jones Industrial Average closed down fractionally at 12441.
Ford agrees to sell 2 auto parts plants in US Mexico
International Herald Tribune – Dec 18, 2006
said Monday it has entered into agreements with two companies to sell auto parts plants it owns in Michigan and Mexico. agreed to buy an operation in Milan about 35 miles (55 kilometers) southwest of Detroit that produces automotive grills and bumpers and employs about 700 people. They include salaried employees leased from Visteon Corp.
Ford to sell Mexican auto parts factory to Cooper-Standard Automotive
Forbes – Dec 18, 2006
No financial terms were disclosed. The plant employs 500 people and is part of Automotive Components Holdings a temporary company managed by Ford (nyse:.
Japanese auto spare cos bully Indian partners
Economic Times – Dec 18, 2006
According to industry sourcesaround 8-10 Indian joint venture partners with Japanese collaborations arebattling the threat of losing control of their companies. It is understood thatsome of these companies have also communicated their problems to a seniorgovernment official although it is not clear what the government can do in thisissue. An auto component company?s head honcho who did notwant to be named told ET ?Several Indian auto component companies havebeen forcefully asked to provide a controlling stake by their Japanesecounterparts or else have been threatened that technological ties will besnapped. ? Another auto organisation official confirmed on anonymity basisthat in the past few weeks several Indian auto components who have Japanese JVshave reported management problems after years of collaboration.
Automobile’s advocates: Prominent residents create Akron Auto…
Free with registration – Akron Beacon Journal – AccessMyLibrary.com – Dec 18, 2006
18–The roads were impassable the cars were unreliable the maps were illegible and the trips were unpredictable. Despite every obstacle Akron motorists were unstoppabl.
Auto parts supplier Delphi accepts $3.4 billion in financing from…
Free with registration – America's Intelligence Wire – AccessMyLibrary.com – Dec 18, 2006
Auto parts supplier Delphi accepts $3. 4 billion in financing from group of investors. (18-DEC-06) The America’s Intelligence Wire. 4 billion in financing from group of investors. said Monday it has accepted a $3.