Restructuring and Recapitalisations

Supplier Chassix buys times with debt holders

3:32 pm U.S. ET | March 5, 2015

Chassix, the auto-parts maker owned by billionaire Tom Gores' Platinum Equity LLC, said its bondholders agreed to refrain for a month from pursuing a default after the company missed an interest payment....
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GM retrenches in Thailand after Indonesia retreat

11:24 am U.S. ET | Feb. 27, 2015

A day after announcing it is to stop making GM-branded cars in Indonesia, General Motors today said it would cease production of its Chevrolet Sonic in Thailand by the middle of this year....
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Philips will merge LED components, auto lighting into stand-alone business

June 30, 2014 11:54 CET

Philips will merge its LED components and automotive lighting divisions into a stand-alone subsidiary which may be spun off. The lighting division sells light sources to carmakers including VW, Audi and BMW....
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PSA shareholders back Dongfeng tie-up

April 25, 2014 17:28 CET

Shareholders of PSA/Peugeot-Citroen approved a rescue deal that makes Chinese carmaker Dongfeng and the French state core shareholders of the struggling automaker....
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