Mergers and Acquisitions

Delphi agrees to acquire on-glass connection products supplier

12:33 pm U.S. ET | Sept. 22, 2014
Delphi Automotive said it agreed to acquire Antaya Technologies, a Rhode Island company that supplies wire harnesses and other technologies that connect with automotive glass.... Read More »

 

ZF-TRW 'playing in a new league'

12:01 am U.S. ET | Sept. 22, 2014
ZF's acquisition of TRW will put the German company in an elite group: Megasuppliers able to feed automakers' growing appetite for collision-avoidance technology.... Read More »

 

ZF net debt seen at $11 billion after TRW deal, report says

Sept. 18, 2014 18:05 CET
ZF's net debt will rise to about 8.5 billion euros ($11 billion) -- about 2.4 times core earnings -- after it buys rival TRW, a banker familiar with the deal said. Earlier this week, ZF agreed to buy TRW for $13.5 billion including debt.... Read More »

 

Fiat Chrysler locates new HQ in London's West End

Sept. 18, 2014 15:58 CET
Fiat Chrysler will locate its new global headquarters in St James's Street in London's West End, near Buckingham Palace. London is neutral territory between the Italian carmaker's former HQ in Turin and Chrysler's historic association with Detroit.... Read More »

 

ZF's Sommer sees more acquisitions beyond TRW purchase

Sept. 18, 2014 09:05 CET
ZF, which agreed to buy TRW Automotive Holdings for $13.5 billion including debt, sees a need for more acquisitions as even the largest auto suppliers seek size and technology.... Read More »

 

Guardian automotive glass units to be acquired by Japanese supplier

3:57 pm U.S. ET | Sept. 17, 2014
Japan's Central Glass Company has agreed to purchase the outstanding shares of two automotive units of Guardian Industries, a longtime Detroit area automotive glass supplier with roots dating to the 1930s.... Read More »

 

Banco Santander acquires Canada's Carfinco for $269 million

11:49 am U.S. ET | Sept. 16, 2014
Banco Santander SA agreed to buy Canadian car-financing company Carfinco Financial Group for about $269 million.... Read More »

 

Penske expands engines, power business in Australia, Pacific

3:46 pm U.S. ET | Sept. 16, 2014
Penske Automotive Group today said it is buying a company that distributes diesel and gasoline engines and power systems in Australia, New Zealand and the Pacific markets.... Read More »

 

Bosch benefits from ZF's bid to buy TRW

Sept. 16, 2014 12:45 CET
Robert Bosch is an unexpected beneficiary of ZF's plans to purchase TRW. Bosch is poised to take full control of a steering joint venture it co-founded with ZF that makes systems that are key to creating driverless cars.... Read More »

 

Bosch benefits as new ZF-TRW combo enters driverless car fray

6:51 am U.S. ET | Sept. 16, 2014
Robert Bosch GmbH gained full control over key automotive technology, positioning the world's biggest parts supplier as an unexpected beneficiary of ZF Friedrichshafen AG's leap into the No. 2 position.... Read More »

 

ZF to purchase TRW for $105.60 a share

Sept. 15, 2014 16:02 CET
ZF has reached a deal to buy TRW Automotive for $105.60 per share. The transaction will create the world's second-largest auto supplier with combined revenue of about 30 billion euros ($41 billion).... Read More »

 

ZF to sell steering-venture stake to Bosch to help TRW deal

Sept. 15, 2014 09:11 CET
ZF will sell its stake in a joint venture to partner Robert Bosch. The deal paves the way for ZF to buy TRW to create the world's No. 2 automotive supplier.... Read More »

 

ZF set to sell stake in steering venture to Bosch to smooth TRW takeover, report says

Sept. 13, 2014 06:01 CET
ZF Friedrichshafen is nearing a sale of its steering business as part of its proposed acquisition of TRW Automotive to resolve expected antitrust issues, a German newspaper reported.... Read More »

 

U.S. Treasury trims Ally stake further

5:19 pm U.S. ET | Sept. 12, 2014
The Treasury started a second trading plan to cut its stake in Ally Financial. After completing its first plan, it now holds 66.2 million shares of Ally’s common stock, a statement said on Friday. That’s 13.8 percent of the company, down from 16 percent in August.... Read More »

 

Porsche SE does first post-VW deal, buying 10% stake in traffic tracker Inrix

Sept. 12, 2014 17:05 CET
Porsche Automobil Holding bought a 10 percent stake in U.S. traffic information provider Inrix for $55 million, its first move to expand its assets beyond a controlling stake in Volkswagen.... Read More »

 

AMY WILSON

How two old friends made the AutoNation-Barrier deal happen

11:01 am U.S. ET | Sept. 11, 2014
Jimmy Barrier's decision to sell his Seattle-area luxury-brand dealerships to AutoNation was more than 30 years in the making. That's how far back Barrier goes with AutoNation CEO Mike Jackson.... Read More »

 

AutoNation to buy 4 luxury dealerships in Seattle market

9:15 am U.S. ET | Sept. 10, 2014
AutoNation is expanding its footprint in the Pacific Northwest by buying four luxury-brand dealerships in the Seattle market that generate more than $350 million in annual revenue.... Read More »

 

Federal-Mogul agrees to buy TRW engine valve unit for $385 million

9:23 am U.S. ET | Sept. 10, 2014
Federal-Mogul said today it agreed to acquire the engine valve business from TRW Automotive Holdings for $385 million in cash. TRW's engine valve unit generated revenue of $610 million last year and employs 5,400 people in 12 countries.... Read More »

 

ZF's takeover bid for TRW causes stir in supplier's German home town

Sept. 9, 2014 17:09 CET
ZF Friedrichshafen's potential $11 billion takeover of TRW Automotive surprised and unsettled workers in the supplier's home town of Friedrichshafen, Germany. ZF's bid for TRW shows the financial might of Germany's stolid privately held companies.... Read More »

 

GM leads broad rise in M&A

GM dealerships' buy-sell activity jumps

12:01 am U.S. ET | Sept. 8, 2014
GM stores are by far the most sold and acquired in the dealership buy-sell market this year. Buy-sell expert Alan Haig says "it's a sign that their profits are strong, and buyers are seeing momentum in the GM brands that didn't exist in prior years."... Read More »

 

Dealership buy-sell pace is hottest in years

12:01 am U.S. ET | Sept. 7, 2014
Dealership acquisitions continue to soar, positioning 2014 to be one of the most active years for buy-sells in more than a decade, say advisers who track transactions. Through July, private acquisition announcements in Automotive News more than doubled to 70 transactions from 32 in the year-earlier period, the midyear Haig Partners Blue Sky Report released last week said.... Read More »

 

Fiat may sell up to $1.04 billion in stock with U.S. listing to reduce debt

Sept. 4, 2014 16:17 CET
Fiat may sell as much as $1.04 billion in shares to reduce debt and gain local investors after the new company formed from merging with Chrysler Group lists stock in the U.S., according to Bloomberg News calculations.... Read More »

 

Departing Nissan exec Palmer wanted Ghosn to buy Aston Martin stake, report says

Sept. 4, 2014 17:20 CET
Former Nissan senior executive Andy Palmer tried to persuade Nissan CEO Carlos Ghosn to invest in Aston Martin before Palmer jumped ship to lead the UK sports-car maker, sources said.... Read More »

 

ZF restarts talks with Bosch to ease TRW purchase, sources say

Sept. 4, 2014 10:39 CET
ZF is restarting talks to exit its joint venture with Bosch, sources said, as it seeks to clear the way for its takeover of TRW Automotive. ZF is seeking to sell its half of the steering-systems venture to Bosch to avoid antitrust issues.... Read More »

 

Fiat investors exercised $610 million exit rights ahead of Chrysler merger

Sept. 4, 2014 09:10 CET
Fiat investors exercised 463.6 million euros ($610 million) in cash-exit rights, just shy of the 500 million euro threshold set by CEO Sergio Marchionne to complete a merger with Chrysler.... Read More »

 

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