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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Augustus Gloop who wrote (12352)9/30/2005 11:01:27 AM
From: Galirayo  Respond to of 23958
 
[DPH] Check this Run out.

And yet plenty of big money is chasing parts makers these days. From a passel of private equity buyers, including New York investor Wilbur Ross, to a handful of foreign parts makers, investors are trolling for deals among America's ailing auto suppliers. They've got plenty to choose from: Just since the start of 2004, 35 parts makers have filed for bankruptcy protection. Chunks of Delphi Corp. (DPH ) and Visteon Corp. (VC ) -- respectively the No. 1 and No. 2 industry players -- could soon be on the block. And dozens of small, still-healthy outfits are ready to sell out as big customers such as Ford Motor Co. (F )and General Motors Corp. (GM ) insist that more parts be manufactured in low-cost Asia. "Literally every day, some company comes up for sale," says Thomas T. Stallkamp, former Chrysler Group (DCX ) president and now a managing partner with New York private equity firm Ripplewood Holdings LLC.
yahoo.businessweek.com

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