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Industry: Email Alert RSS FeedRoss' quest is 3 no-debt suppliers; Billionaire attempts to create winners from the scrap heap.
Automotive News Europe, January, 2006 by Sherefkin, Robert
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Byline: Robert Sherefkin
Billionaire turnaround financier Wilbur Ross says he has a potent weapon in his bid to build three giant auto parts companies: a debt-free balance sheet.
Ross, 68, who made a bundle buying bankrupt steel makers, is prepared to buy dying auto parts makers at rock-bottom prices to create a trio of global megasuppliers.
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The CEO of WL Ross & Co. LLC has $4.5 billion in cash to finance his global auto parts venture. He plans three giant new companies - working in safety systems, metal bending and interior trim. Together, they could exceed Delphi's ...
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