with Ford (F), GM (GM) and Chrysler on the hill begging for $39 billion, Wilbur most likely has the best solution $$
Disclosure (“none” means no position):None
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Wilbur Ross on The Auto Makers
One reply on “Wilbur Ross on The Auto Makers”
All credit to Ross, I have made money along side him in ISG first and then ICO but there is a small conflict of interest. He said himself, he owns auto supplier with over $5bn of revenue and auto company pay 45 days dues ~15% or $750mm of receivables which might get stuck. Not saying they wont receive it but maybe delayed, cash flow crisis.
All I am saying, he has a vested interest. Take it with a pinch (or bag) of salt.