Entries tagged "Delphi"

For potshots at bankruptcy, it's Miller time

Now that Delphi has finally emerged from bankruptcy, the man who led the restructuring, Robert 'Steve' Miller, had some parting shots for the system that he made a name for himself in.

Delphi case turns tables on Obama task force

While the Obama administration sped GM and Chrysler through bankruptcy, objections continue to keep Delphi in Chapter 11.

Detroit dissed on bankruptcy filings

Two Michigan auto parts makers, Metaldyne and Visteon, recently filed for Chapter 11 in Manhattan and Wilmington, Del., respectively, and not Detroit.

Proskauer's Marwil on Chrysler's, GM's future

Jeff Marwil, a partner at Proskauer Rose, says bankruptcy won't be a joyride for Chrysler.

GM's all-star bankruptcy advisers

With Senate Republicans beating back the bill to bail out the auto industry, bankruptcy is becoming an even likelier possibility for General Motors Corp., leading it reportedly to tap the biggest names in bankruptcy including Harvey Miller (pictured) of New York law firm Weil, Gotshal & Manges LLP. Calling the advisers all stars isn't a stretch because in fact many of them have won plaudits from the Turnaround Management Association, which has in fact inducted some into a hall of fame. ...

Is Cerberus forcing GM's hand?

GMAC LLC is reportedly tightening its lending standards to the point where a large swath of General Motors Corp. customers may be unable to get financing to buy cars. Might this be part of GMAC's partial owner Cerberus Capital Management LP's efforts to strong-arm GM back to the table to discuss a deal to swap GMAC for Chrysler LLC?...

Bankruptcy Update: Lehman Brothers, IBC and more

Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....

Bankruptcy Update: Lehman, Delphi and more

Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider....

With Delphi, GM bites the bullet

In the automotive sector, changing suppliers is a pain in the neck. It even has an official term attached to it: re-sourcing. Re-sourcing can take weeks or months. It's costly. It's messy. And automakers will do just about everything they can to avoid it. Just look at the situation involving bankrupt Delphi Corp., a major auto parts supplier....

Automakers can't escape pain from former subsidiaries

Nearly a decade after spinning them off as independent companies, General Motors Corp. and Ford Motor Co. both continue to be plagued by the woes of their former parts subsidiaries Delphi Corp. and Visteon Corp., respectively....

Bankruptcy Update: Delphi, Verso and Solar Cosmetic

Here are some of the latest bankruptcy stories our reporters have been covering Tuesday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. ...

Bankruptcy Update: Sharper Image, Silverjet, Delphi and more

Here are some of the latest bankruptcy stories our reporters have been covering Monday morning on TheDeal.com. For more check out the bankruptcy channel on TheDeal.com or visit Bankruptcy Insider. Hilco, GB snare Sharper ImageA joint venture of Hilco Consumer Capital LLC and GB Brands LLC has won the auction for bankrupt Sharper Image Corp., bidding $49 million for the specialty retailer's assets and intellectual property. - John Blakeley Silverjet hits the skidsThe beleaguered global airline industry claimed a new victim when the U.K.'s Silverjet plc filed for administration, the British equivalent of bankruptcy protection. The announcement came hours...

Top tags

• M&A (1067)
• bankruptcy (543)
• private equity (519)
• politics (396)
• credit crisis (361)
• banks (353)
• Bank of America (349)
• banking (333)
• Citigroup (318)
• layoffs (312)