Mergers and Acquisitions

New DARCARS CEO starts shopping

10:55 am U.S. ET | Nov. 18, 2015

DARCARS Automotive Group is in talks with several U.S. dealerships about possible acquisitions after completing its first store purchase since John Darvish Jr., son of the founder, took over as CEO last year.... Read More »

Penske buys N.J.-based dealership group

10:46 am U.S. ET | Nov. 17, 2015

Penske Automotive Group Inc. has bought the Schneider Nelson Auto Group in a deal expected to generate annual revenue of about $175 million.... Read More »

Auto execs expect uptick in M&A deals through 2016

3:36 pm U.S. ET | Nov. 16, 2015

Global automotive merger and acquisition activity is expected to increase in the next 12 months, according to a recent survey of auto executives.... Read More »

Pininfarina sees agreement on sale to Mahindra in next few weeks

Nov. 13, 2015 13:27 CET

Car designer Pininfarina says it expects to reach a deal to be acquired by Indian automaker Mahindra in the next few weeks.... Read More »

France close to returning to 15% Renault stake, economy minister says

Nov. 10, 2015 11:15 CET

France is close to reducing its stake in Renault back to 15 percent and wants the governance structure in its alliance with Nissan to remain unchanged, Economy Minister Emmanuel Macron said.... Read More »


BLOG: In the dealership buy-sell arena, is it a buyer's or seller's market?

12:01 am U.S. ET | Nov. 5, 2015

It’s a seller’s market for automotive retail buy-sell deals. Wait, no, it’s a buyer’s market.... Read More »

France seeks Renault-Nissan merger, report says

Nov. 4, 2015 13:38 CET

French Economy Minister Emmanuel Macron is pressuring Renault CEO Carlos Ghosn to undertake a full merger with alliance partner Nissan on the government's terms, sources told Reuters.... Read More »

Ex-Porsche CFO admitted manipulation ahead of VW takeover bid, court told

Oct. 30, 2015 09:49 CET

German prosecutors said former Porsche finance chief Holger Haerter effectively admitted that he was guilty of market manipulation ahead of a failed attempt to take over VW. Haerter's lawyer called the charge unfounded.... Read More »

Porsche's VW takeover bid hit by Lehman bankruptcy, court hears

Oct. 30, 2015 20:54 CET

Porsche's failed bid to take over VW in 2008 faced hurdles in the wake of Lehman Brothers' bankruptcy in September of that year, a Stuttgart court was told.... Read More »

McLarty Automotive buys Machens group stores in Missouri

3:00 pm U.S. ET | Oct. 29, 2015

McLarty Automotive Group has acquired all but two stores owned and operated by Joe Machens Dealerships of Missouri.... Read More »

AutoNation buys 12 Texas stores in biggest purchase since 1999

8:15 am U.S. ET | Oct. 28, 2015

AutoNation is acquiring 12 stores in Texas from Allen Samuels Auto Group. The stores generate approximately $800 million in revenues and sell about 19,500 new and used retail units a year. Terms of the deal were not disclosed.... Read More »

Bridgestone plans to buy Pep Boys retail chain for $835 million

10:20 am U.S. ET | Oct. 26, 2015

Bridgestone agreed to buy the Pep Boys retail chain for about $835 million, pushing deeper into an auto-parts industry that has benefited from Americans keeping their cars on the road longer.... Read More »

AutoNation nears purchase of Texas dealership group, source says

9:23 pm U.S. ET | Oct. 25, 2015

AutoNation is poised to make its second huge acquisition deal of 2015. The nation's largest new-car retailer is negotiating to buy Allen Samuels Auto Group based in Waco, Texas, a person familiar with the transaction said.... Read More »

Ferrari-Maserati casino dealership reopens in downtown Las Vegas

3:36 pm U.S. ET | Oct. 22, 2015

The Ferrari-Maserati dealership formerly located inside the Wynn Las Vegas casino and hotel has been purchased by a downtown Vegas luxury car dealership.... Read More »

Ex-Porsche CEO Wiedeking denies VW share manipulation in 2008

Oct. 22, 2015 15:48 CET

Former Porsche CEO Wendelin Wiedeking rejected charges he lied about the company's plan to acquire VW in 2008. Wiedeking could face up to five years in prison if found guilty of breaching securities trading laws during Porsche's bid to take over VW.... Read More »

Ferrari's first families aim to make takeover of supercar builder impossible

Oct. 22, 2015 10:54 CET

Piero Ferrari, the son of Ferrari founder Enzo Ferrari, and the Agnelli family, who control Fiat Chrysler, plan to make any potential takeover of Ferrari virtually impossible even after the company's initial public offering.... Read More »

Ferrari shares RACE ahead on Wall Street debut

1:15 pm U.S. ET | Oct. 21, 2015

Ferrari shares, trading under the ticker symbol RACE, jumped 15 percent to $60 on its Wall Street debut today after the Italian supercar maker priced its share offering at the top of the range amid heavy investor demand.... Read More »

Linamar makes offer for Montupet

12:01 am U.S. ET | Oct. 19, 2015

Canadian supplier Linamar Corp., which makes a wide variety of powertrain components, has offered 771 million euros ($882 million) in cash to acquire French peer Montupet SA.... Read More »

Morrie's in Twin Cities sells to family behind construction giant Bechtel

1:45 pm U.S. ET | Oct. 15, 2015

Longtime Minneapolis dealer Morrie Wagener is selling his stake in his 11-store group to the family behind construction and engineering giant Bechtel Corp. Morrie's Automotive CEO Karl Schmidt will retain his own ownership stake and will stay on to manage the company.... Read More »

Canada's Linamar offers $882 million to buy French supplier Montupet

9:41 pm U.S. ET | Oct. 14, 2015

Canadian supplier Linamar today offered 771 million euros, or $882 million, to acquire French peer Montupet SA. The Montupet board is supporting the tender offer.... Read More »


How to do an automotive hookup

12:01 am U.S. ET | Oct. 5, 2015

The low-key cooperation between Daimler and Renault-Nissan offers a low-key counterpoint to Sergio Marchionne's assertion that mergers are critical to industry survival.... Read More »

Between the lines, GM rebuts Marchionne

12:01 am U.S. ET | Oct. 4, 2015

GM's annual pitch to about 180 analysts and investors last week could be viewed as one long commercial for why GM doesn't need Fiat Chrysler Automobiles: The automaker is too busy “redefining the future of mobility.”... Read More »

Cox, Dealertrack chiefs hit road to explain $4 billion acquisition

1:34 pm U.S. ET | Oct. 1, 2015

Cox President Sandy Schwartz and Dealertrack CEO Mark O’Neil will be going on the road together over the next two weeks to meet with auto retailers to explain their $4 billion combination. The acquisition closed today.... Read More »

U.S. conditionally clears Cox purchase of Dealertrack

6:30 am U.S. ET | Sept. 30, 2015

The U.S. approved Cox Automotive's $4 billion agreement to buy Dealertrack Technologies, which offers technological assistance to car dealerships, on the condition the companies divest an inventory management services unit to preserve competition.... Read More »

Aluminum supplier Alcoa to split into 2 companies

9:47 am U.S. ET | Sept. 28, 2015

Alcoa will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster-growing aerospace and automotive business.... Read More »

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