Two Events Now Likely To Buoy Auto Industry

Freed, Dan
January 2006
Investment Dealers' Digest;1/23/2006, Vol. 72 Issue 3, p8
Trade Publication
The article focuses on two events which would give a boost to the automobile industry. These events include a partial sale by General Motors Corp. of its financing division, General Motors Acceptance Corp., and a multibillion-dollar payment by General Motors Corp. to Delphi Corp. It has been predicted that a deal with Delphi's unions would remove the threat of a strike, which is one of the darker clouds hanging over the industry. John Groustra, a turnaround specialist at Conway Mackenzie & Dunleavy, a Detroit-area restructuring consultancy, believes that higher valuations would bring more good assets on to the market, ultimately sparking deal activity.


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