The German carmaker agreed to sell an 80.1% stake in Chrysler for $7.4 billion to Cerberus Capital Management, which said it would continue with Chrysler's restructuring blueprint and also assume multi-billion-dollar liabilities for workers' health-care and pension plans.
The announcement came a day after United Auto Workers union leaders gave their approval to a Visteon restructuring blueprint, under which Ford would put 13 UAW-represented plants in a holding company and endeavor to sell them.
Bankrupt U.S. car parts maker Delphi no doubt subscribes to a similar eleemosynary philosophy: The distressed outfit, which took to the road alone after being spun off from General Motors, is to ask GM to guarantee it $1 billion of business a month to support its restructuring blueprint.
But now that vision for change seems to have blurred, the blueprint for restructuring packed away, and in its place is an even stronger mission for central planning.
Both Old Firm clubs, along with Hearts and Hibernian, are planning to field reserve teams in the third tier of Scottish football as early as next season as part of a blueprint to restructure the game in Scotland.
They, and smaller bondholders, remain unhappy with the blueprint, which restructures Eurotunnel's £6.2 billion ($12 billion) debt, because it undervalues their investments.EMI's share price surged as the music company confirmed it had been approached about a possible takeover, reportedly by two private-equity firms.
Mr Kerkorian recently failed to persuade GM to create an alliance with Renault and Nissan and remains critical of GM's own blueprint to restructure its business.Buy, buy, buy!Hot on the heels of last week's $26.7 billion agreement to buy out Clear Channel Communications, a radio and outdoor-advertising company, the rush for big private-equity deals continued.
The gargantuan "Levine Report," which was released in July 1996, "provides a blueprint for restructuring the NIH AIDS science program," as Paul notes in his letter to colleagues.
Following the end of the war, Wackett contributed to "Plan D", the blueprint for restructuring the RAAF sponsored by the Chief of the Air Staff, Air Vice Marshal George Jones.
Management was restructured.
The company restructured, shedding staff.
