Tag Archives: auto industry
GM in line for another $5B
Cape Cod Times – General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed yesterday.The […]
UPDATE 1-Pamplona buys bankrupt auto supplier TMD Friction
Reuters – TMD Friction, a bankrupt German maker of brake pads for the auto industry, has been bought by private equity firm Pamplona Capital Management, TMD said on Friday. Both sides declined to comment on the sale price. The acquisition […]
What If Washington Bailed Out of Bailouts?
Business week – The idea certainly seemed all right to throngs of Americans who were outraged by news that American International Group (AIG) paid out millions of dollars in executive bonuses after it was rescued with taxpayer cash. But would […]