Restructuring and Recapitalisations
Beepi merges with mobile car-buying platform co-founded by Scott PainterWed, 07, Dec 2016
VW will cut 30,000 jobs to revive core brandFri, 18, Nov 2016
VW Group will cut 30,000 jobs globally to help achieve $3.92 billion in annual savings by 2020. The automaker aims to turn around its core brand and help fund a shift to electric and self-driving cars following its emissions-cheating scandal.
Mueller, executives to outline VW brand overhaul on FridayThu, 17, Nov 2016
VW eyes autumn deal with labor on jobs, investmentsWed, 14, Sep 2016
Volkswagen said today it hoped to reach a deal with labor leaders in coming weeks that will set concrete targets for investments, products and jobs as it restructures the business following its diesel emissions scandal a year ago.
Takata shortlists Daicel, KKR, Ningbo, others in rescue search, report saysFri, 26, Aug 2016
Takata has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese supplier, people involved in the process told Reuters.
Takata sees initial interest from up to 30 potential investors, report saysMon, 13, Jun 2016
Takata hires financial adviser to mull restructuring optionsWed, 25, May 2016
Takata hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of airbag inflators that can rupture.
Van Conway, corporate turnaround firm take battle to courtThu, 14, Apr 2016
Takata enlists restructuring lawyers, report saysTue, 08, Mar 2016
Japanese airbag supplier Takata has enlisted restructuring lawyers at law firm Weil Gotshal & Manges LLP amid global recalls covering millions of vehicles, The Wall Street Journal reported today, citing people familiar with the matter.
Turnaround firm Conway MacKenzie becomes Conway vs. MacKenzieFri, 19, Feb 2016
Takata plans to present restructuring plan to carmakers in May, report saysWed, 03, Feb 2016
Wheel supplier Superior gets makeover under new CEO StebbinsWed, 30, Dec 2015
Superior Industries, the longtime auto supplier with roots dating back to 1957 in southern California, is reinventing itself and the wheels it makes. New CEO Donald Stebbins is aiming to take Superior away from being a “middle of the road” supplier.