A lot of folks are happy to criticize Delphi, one of the world's largest auto suppliers. Some put the blame on GM, some on Delphi's accounting mishaps, others claim the company has market myopia. Very few are actually willing to put their money where their mouths are and offer to buy it.
Enter Wilbur L. Ross, Jr., a famous financier with a history of investing in companies wading through unstable industries, turning them around and then selling them. Recently, Ross bought $750 million in Collins & Aikman bank debt, putting him in a strong ownership position once the company emerges from bankruptcy.
Ross has also announced that he would buy Delphi if it were put on sale. Together, the two companies have $30 billion in sales and 200,000 worldwide employees, and hypothetically, if Ross were to combine the companies, he will have reached his goal of creating the largest automotive supplier in the world and becoming one of the most influential people in the automotive industry.
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