Billionaire investor Wilbur Ross announced Wednesday he will acquire the European operations of Lear Corp.'s automotive interiors and plastics business by June 30. Ross plans to merge those operations with the European plants he bought from bankrupt auto-parts maker Collins & Aikman Corp.
Ross would also like to form a company that supplies automotive safety products. A third will make metal components for the automotive industry.Ross has also said he is interested in buying pieces of Delphi Corp., of Troy, Mich., and Visteon Corp. of Van Buren, Mich.
Ross' biggest investments have been in the steel, textiles and coal industries.