Entries tagged "Nissan"
In 2000, French carmaker Renault SA became the first foreign auto company to buy a a South Korean peer when it agreed to take over troubled Samsung Motors Corp. from its parent Samsung Group.
Consumers steered clear of car dealers in January as U.S. automakers struggle preparing restructuring plans for Congress.
Cerberus Capital Management LP appears ready to abandon its disastrous foray into the auto business barely a year after jumping in, reportedly holding talks to potentially merge its Chrysler LLC unit with General Motors Corp. The talks began more than a month ago, according to a New York Times report, and appear to have a 50-50 chance of leading to a deal. A transaction would likely leave Cerberus, which bought an 80% stake in Chrysler from Daimler AG in August 2007 for $7.4 billion, with an equity stake in General Motors....
In the year since Cerberus Capital Management LP bought Chrysler LLC, auto industry watchers have been waiting to see what fresh ideas private equity ownership might inject into the struggling company. Watchers got their wish on Thursday, but the talk of outsourced manufacturing and stronger partnerships is resulting in considerable head-scratching instead of awe....
