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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Seattle VW dealer mixes metrics and fun

Seattle VW dealer mixes metrics and fun

Matthew Welch may own Auburn Volkswagen, but the title he cherishes is “chief relationship officer.' Mon., April 13
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