AutoNews247.com

Ford Motor Co. stock today reached a new two-year high after disclosures that billionaire investor George Soros’ hedge fund bought a 7.3 million-share stake in the automaker.

Tags: Automaker, Billionaire, Disclosures, Ford, Ford Motor, Ford Motor Co., Ford Stock, George Soros Hedge Fund, Investment Stock, Investor, New Year, Share Stake, Soros Hedge Fund, Stock Today

Wilbur Ross, the billionaire investor who owns U.S. interiors supplier International Automotive Components Group, expects to expand his collection of supplier assets before the end of the year.

Tags: Assets, Automotive Components, Billionaire, Components Group, interiors supplier, International Automotive Components Group, Investor, United States, Wilbur Ross

Federal-Mogul Corp., a global supplier controlled by billionaire investor Carl Icahn, is readying a renewed bid for the assets of Delphi Corp.

Tags: Assets, Bid, Billionaire, Carl Icahn, Delphi, Delphi Corp., Federal Mogul, Federal Mogul Corp, Global Supplier, Investor, Reuters, Reuters Reports

Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp., two people with knowledge of the matter said.

Tags: Assets, Auto Parts Supplier, bankrupt auto-parts supplier, Bid, Billionaire, Delphi, Delphi Corp., Investor, People, Wilbur Ross

Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp., two people with knowledge of the matter said.

Tags: Assets, Auto Parts Supplier, bankrupt auto-parts supplier, Bid, Billionaire, Delphi, Delphi Corp., Investor, People, Wilbur Ross

Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp., two people with knowledge of the matter said.

Tags: Assets, Auto Parts Supplier, bankrupt auto-parts supplier, Bid, Billionaire, Delphi, Delphi Corp., Investor, People, Wilbur Ross

Billionaire investor Wilbur Ross’ International Automotive Components Group expanded its global automotive carpets and acoustic parts business by purchasing key pieces of insolvent German supplier Stankiewicz.

Tags: Automotive Carpets, Automotive Components, Billionaire, Components Group, German Supplier, International Automotive, Investor, Plants, Ross International, Stankiewicz, Wilbur Ross

Magna International’s bid to buy Germany’s iconic Opel brand is a gamble on the future of the auto industry in Europe. It also provide Magna’s billionaire founder a chance to cement his legacy.

Tags: Auto Industry, Bid, Billionaire, Cement, Europe, Germany, Legacy, Magna, Magna International, Opel, Stronach

A private dealership group headed by billionaire Robert Johnson has bought a Chevrolet dealership in Huntsville, Ala., formerly owned by bankrupt Bill Heard Enterprises Inc.

Tags: Alabama, Bill Heard, Bill Heard Enterprises Inc., Billionaire, Chevrolet, Chevrolet Dealership, Dealership Group, Group Buys, Huntsville, Huntsville Ala, private dealership group, Private Group, Robert Johnson

A private dealership group headed by billionaire Robert Johnson has bought a Chevrolet dealership in Huntsville, Ala., formerly owned by bankrupt Bill Heard Enterprises Inc.

Tags: Alabama, Bill Heard, Bill Heard Enterprises Inc., Billionaire, Chevrolet, Chevrolet Dealership, Dealership Group, Group Buys, Huntsville, Huntsville Ala, private dealership group, Private Group, Robert Johnson

Ed Lampert, the billionaire investor credited with reviving Kmart’s stock, has purchased more shares of AutoNation Inc., taking another step toward becoming majority shareholder of the largest U.S. dealership group.

Tags: AutoNation, Autonation Inc, Billionaire, Dealership Group, Investor, Kmart, Lampert, Majority Shareholder, Stock Shares, United States

AutoNation Inc. is preparing for billionaire investor Ed Lampert to take a majority stake in the company. The nation’s largest vehicle retailer announced Thursday that it obtained approval from auto manufacturers for ESL Investments Inc.

Tags: Auto Manufacturers, AutoNation, Autonation Inc, Billionaire, Ed Lampert, Esl Investments Inc, Investor, Lampert, Majority Stake, vehicle retailer

German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself, his family said today.

Tags: Adolf Merckle, Billionaire, Business Empire, Financial Turmoil, Investor, Salvage, Suicide