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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LUCA CIFERRI

BLOG: PSA's recovery will be boosted by the 'Tavares factor'

9:52 am U.S. ET | April 14, 2014

PSA CEO Carlos Tavares admits that his turnaround plan for the struggling automaker isn't a wonder cure: "I cannot make miracles." His honest, no-nonsense approach is one of his strengths....
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PSA to halve lineup in push for 2% margins by 2018

April 14, 2014 09:11 CET

PSA outlined plans to cut its model lineup by almost half and to make Citroen's DS unit a separate brand in a bid to restore the automotive division's profit....
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PSA's Tavares prepares to tackle pricing, low-cost threats

April 12, 2014 12:08 CET

PSA/Peugeot-Citroen's prospects may be brightening as Europe emerges from a market slump, but new CEO Carlos Tavares still faces long odds as he prepares to present his Back in the Race recovery plan on Monday....
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THE GM RECALL

Deadly GM ignition switches started with 2003 Saturn Ion

3:13 pm U.S. ET | April 11, 2014

The 2003 Saturn Ion was supposed to be a pivotal car for GM. Instead, it came to represent the compromises and corner cutting that almost destroyed GM and now find the company in a global recall of some of its most popular models. The Ion debuted two years before the Chevy Cobalt, the model most associated with the current recall of 2.6 million vehicles, and it was the first car with the defective ignition switch linked to at least 13 deaths, when engines turned off, disabling airbags....
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