Tag Archives: u s auto


No access to Delphi’s books for bidders -paper

June 23, 2009 : Permalink

Reuters – Hedge funds that provided bankrupt U.S. auto parts maker Delphi with debtor-in-possession (DIP) financing are not getting access to the firm’s books, hindering their ability to make a takeover offer, the New York Post reported, citing a person […]

Aozora Posts 242.6 Billion Yen Loss on GMAC, Hedge Fund Losses

May 15, 2009 : Permalink

Bloomberg – Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, posted its first loss in a decade, after investments in U.S. lender GMAC LLC and Bernard Madoff soured. The bank booked a 242.6 billion yen ($2.5 […]

Obama drops “car czar” idea

February 16, 2009 : Permalink

Reuters  – President Barack Obama has decided to launch a government task force for restructuring the struggling U.S. auto industry instead of naming a "car czar" with sweeping powers, a senior administration official said on Sunday. Obama is appointing Treasury […]

Detroit Auto Show Sets Stage for New Concepts

January 12, 2009 : Permalink

New York (HedgeCo.Net) – The glitz and glamour that is usually indigenous to one of the world’s most prestigious car shows will be somewhat absent this year, as the U.S. auto makers instead will focus on what’s to come at […]

Cerberus Hedge Fund Caps Withdrawals After Loss

December 29, 2008 : Permalink

New York (HedgeCo.Net) – Stephen Feinberg’s Cerberus Capital Management has followed in the footsteps of many faltering hedge funds this year, limiting client redemptions in one of its funds after investors moved to withdrawal 16.5 percent of their capital, according […]