BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Cerberus Drives an IPO for Tower Automotive]]>http://www.bloggingstocks.com/2010/03/05/cerberus-drives-an-ipo-for-tower-automotive/http://www.bloggingstocks.com/2010/03/05/cerberus-drives-an-ipo-for-tower-automotive/http://www.bloggingstocks.com/2010/03/05/cerberus-drives-an-ipo-for-tower-automotive/#commentsFiled under: , ,

While the past couple years have been tough for private equity firms, the problems at Cerberus Capital Management have been quite painful. After all, the firm got crushed on investments in companies like GMAC and Chrysler.

But this does not mean everything has been bad. For example, Cerberus has filed for a $100 million IPO of Tower Automotive.

Continue reading Cerberus Drives an IPO for Tower Automotive

Cerberus Drives an IPO for Tower Automotive originally appeared on BloggingStocks on Fri, 05 Mar 2010 14:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CerberusCitigroupGoldman SachsGSinthenewsIPOsTower AutomotiveFri, 05 Mar 2010 14:30:00 EST<![CDATA[Auto parts manufacturers retrench]]>http://www.bloggingstocks.com/2007/07/30/auto-parts-manufacturers-retrench/http://www.bloggingstocks.com/2007/07/30/auto-parts-manufacturers-retrench/http://www.bloggingstocks.com/2007/07/30/auto-parts-manufacturers-retrench/#commentsFiled under: , , ,

The domestic automotive business has been beaten and torn by foreign competition for several years now, forcing many auto-parts producers, such as Tower Automotive Inc. and Delphi Corp. (OTC: DPHIQ) into bankruptcy proceedings.

A growing number of auto-part manufacturers are leaving the U.S. automobile industry altogether, divesting auto-related businesses and diversifying into other, more profitable industries. The Wall Street Journal highlighted the latest companies [subscription required] trying to make the switch to stay alive:

  • SPX Corp (NYSE: SPW), a North Carolina auto manufacturer that once earned 90% of its revenue from auto-related businesses, now earns less than 3% from auto-related businesses after multiple divestitures and acquisitions. SPX Corp is now an infrastructure-related products and service manufacturer for the global power market.
  • Pittsburgh-based glass and coatings manufacturer PPG Industries Inc (NYSE: PPG) has put its windshield business up for sale. The company instead will rely on its high-tech coatings business and optical & specialty material segments that offer long-term growth potential.

Continue reading Auto parts manufacturers retrench

Auto parts manufacturers retrench originally appeared on BloggingStocks on Mon, 30 Jul 2007 16:51:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>autoauto partAutoPartcardelphidomestic autoDomesticAutodphiqeatonetninthenewsjcijohnson controlJohnsonControlppgspwspxtower automotiveTowerAutomotiveMon, 30 Jul 2007 16:51:00 EST