Delphi ends Cerberus deal; sees new plan in July

(Reuters) - Delphi terminated the $3.4 billion equity investment plan on Saturday. Cerberus, which is buying Chrysler Group from DaimlerChrysler AG , was a co-lead investor in the plan with Appaloosa, Delphi's biggest shareholder.




The developments are not expected to prevent Delphi from exiting bankruptcy this year and Delphi's board is scheduled to meet July 16 to consider the matters, it said.


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Jaguar, Land Rover interest seen limited -sources

(Reuters) - Among the suitors who have been sent informal information by
the U.S. car company's advisers are buyout firms Cerberus,
Ripplewood and One Equity, said one of the sources.




However, unsuccessful bidders for Aston Martin including
Syrian-born tycoon Simon Halabi and UK buyout firm Doughty
Hanson have no plans to express interest in Jaguar and Land
Rover when initial indications of value are due to Ford on July
19, the sources said.


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Sales slide for Ford, Chrysler; Nissan jumps

(Reuters) - Ford's overall monthly sales, including sales into commercial fleets, were down 8 percent, although the No. 2 U.S. automaker eked out its first monthly gain in showroom sales since October.




Sales for Chrysler Group were down 1 percent in one of its last months in operation as a unit of DaimlerChrysler AG . Chrysler is being taken private by Cerberus Capital Management in a $7.4 billion deal expected to close as early as this month.


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BCE takeover battle may not be over yet -report

(Reuters) - One of the losing BCE suitors, U.S. buyout firm Cerberus
Capital Management LP, has not given up its pursuit of BCE, the
newspaper reported, citing a source close to Cerberus.




"It's not over until we say it's over," it quoted the source
as saying.


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DaimlerChrysler CEO sees good years ahead: paper

(Reuters) - DaimlerChrysler announced in May it would sell an 80.1-percent stake in Chrysler Group to private equity firm Cerberus Capital Management , unwinding the 1998 merger of Daimler-Benz and Chrysler that never worked out as planned.




Zetsche pointed out that the risk of being taken over by a financial investor was much lower after the sale.


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