Automotive Industry
Industry: Email Alert RSS FeedRoss's IAC is a top 25 supplier in Europe; Billionaire's deals puts group on level with Michelin, Hella.(Wilbur Ross, International Automotive Components)
Automotive News Europe, May, 2006 by Lewin, Tony
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Byline: Tony Lewin
US billionaire Wilbur Ross's newly formed International Automotive Components group is already a force in the European supplier industry.
Ross will focus primarily on Europe until the North American market becomes less volatile, he told Automotive News Europe.
Ross has a 10 percent share of Europe's metal-parts market following his acquisition of Paris-based Oxford and its reverse takeover of UK-based Wagon.
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Buying the European operations of Lear and Collins & Aikman gives him a combined [euro]1.2 billion in sales, potentially making IAC the ...
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