Home » Autos

Autos

Evercore To Receive $120M From Mizuho

August 21, 2008 - Evercore Partners said Thursday that it plans to raise $120 million in new funding through a deal with Japan’s Mizuho Corporate Bank.

PE Investors Climb On Wagon

August 19, 2008 - WL Ross & Co. and W.P. Carey & Co. said Tuesday that the two firms have completed their $128 million of investment in UK automotive supplier Wagon.

One In Three Auto Suppliers Could File For Protection

August 12, 2008 - The drop in sales of autos has prompted automakers to cut production, much of it on light trucks and SUVs, which could sink as much as one-third of US suppliers, according to a report published by Grant Thornton.

Dana Posts 2Q Loss; To Cut More Workers

August 11, 2008 - Auto-parts maker Dana Corp., which emerged from bankruptcy in February, remains in a precarious position after unveiling a deepened second-quarter loss and announcing forthcoming plans to slash its workforce.

Ratings Actions & Outlooks

August 4, 2008 - The latest in ratings downgrades and outlooks from Moody's and S&P.

Quite A Week For Carlyle

August 1, 2008 - The Carlyle Group completed its $2.5 billion acquisition of Booz Allen Hamilton while simultaneously disclosing it is getting out of the hedge fund business.

Car Buyers Wouldn't Stand By Bankrupt Automakers

July 21, 2008 - As bankruptcy talk has swirled around the US automakers, there’s been plenty of speculation about what a Chapter 11 filing would do to car sales of the affected companies. Well, one firm has tried to quantify the impact, and the numbers aren’t pretty.

Second-Quarter Commercial Bankruptcy Filings Soar

July 21, 2008 - Commercial bankruptcy filings jumped by 45% in the first half of 2008 over last year, and rose by 17% in the second quarter.

Bankruptcy Would Be Tough Call For Automakers

July 14, 2008 - As US automakers continue to struggle under the weight of a softening economy, higher fuel prices and unpopular products, the prospects of a ride into Chapter 11 would seem more likely. But such a development might carry greater risk for the carmakers than for companies in other industries.

Heightened Worries For GM, Ford, Chrysler

July 1, 2008 - Credit default swaps, a market on Wall Street where corporate debt investors can buy protection against default, continue to take a harsher look at Chrysler, Ford and GM amid ongoing signs of a slowing economy and rapid gains in oil prices that are sapping demand for their products.

Ratings Actions & Outlooks

June 30, 2008 - The latest ratings downgrades and outlooks from Moody's and S&P.

Dura's Long Run In Bankruptcy Is Over

June 30, 2008 - As part of its exit, Dura has secured a $110 million revolving credit facility, a $50 million European first-lien term loan, and an $84 million US second-lien term loan.

Default Rates Up Sharply In 1H, S&P Says

June 23, 2008 - Thirty-three companies defaulted in the first six months of 2008, surpassing the 22 defaults seen in 2007 and 30 defaults of 2006, according to a report by Standard & Poor's which expects 74 US companies to default over the next 12 months.

Ratings Actions & Outlooks

June 23, 2008 - Some of the key ratings downgrades and revised outlooks from Moody's and S&P.

A New Take On SPACs

June 17, 2008 - If ever there were any questions about whether special purpose acquisition companies would wind up providing deal flow to the private equity community, those doubts should have been dispelled yesterday.