Cerberus Considers Delphi Stake

The Wall Street Journal reported that private equity group Cerberus Capital Management, which earlier this year bought a controlling interest in General Motor Corp.'s finance arm, General Motors Acceptance Corp., is considering buying a stake in bankrupt auto-parts supplier Delphi Corp.

Published: October 9, 2006

From FinancialWire

The Wall Street Journal reported that private equity group Cerberus Capital Management, which earlier this year bought a controlling interest in General Motor Corp.’s finance arm, General Motors Acceptance Corp., is considering buying a stake in bankrupt auto-parts supplier Delphi Corp.

The newspaper reports that former Ford Motor Co. executive David Thursfield, Cerberus management executive, had tried to recruit executives with automotive experience to work for the firm. A Journal story last week said that hedge fund Appaloosa Management may acquire a significant stake in Delphi.

Dorman Products Releases Hundreds of New Repair Solutions

The new products add to a catalog of more than 120,000 SKUs offering millions of new sales and repair opportunities for customers throughout North America, the company said.

By Emma Henderson

Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]

Published: June 19, 2024

Dorman Products, Inc. is announcing the release of hundreds of new aftermarket automotive components and assemblies.

The new products add to a catalog of more than 120,000 SKUs offering millions of new sales and repair opportunities for customers throughout North America, the company said.

Some highlights include: