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Ross will buy Collins & Aikman carpeting-acoustics unit
Investor Wilbur Ross has agreed to buy Collins & Aikman Corp.'s carpeting and acoustic materials business. The New York billionaire is offering $134 million in cash, plus other undisclosed compensation and the assumption of certain liabilities. story Published: 4/20/07 5:26 PM [REG]
Kerkorian seeks meeting with Chrysler employee group
CAW president rejects UAW Chrysler employee stock ownership plan
Canadian Auto Workers President Buzz Hargrove today rejected a plan by a group of UAW Chrysler group employees to buy the company under an employee stock ownership plan. But representatives of billionaire investor Kirk Kerkorian, whose Tracinda Corp. has put in a $4.5 billion bid to buy Chrysler, are seeking a meeting with the workers group to consider some form of a cooperation, a person familiar with the effort said today. story Published: 4/20/07 9:48 AM / UPDATED: 4/20/2007 1:30 P.M. [REG]
GM says Delphi bankruptcy deal still possible
SHANGHAI (Reuters) -- General Motors said today that Delphi Corp., its biggest auto parts supplier, had "ample solutions" to emerge from bankruptcy, even if the co-leader of a proposed $3.4 billion investment quit plans to support it. story Published: 4/20/07 9:00 AM [REG] Merccedes-Benz .