Mergers - Acquisitions - Takeovers
Walser Auto Group of Minn. acquires luxury group in WichitaTue, 30, Aug 2016
Walser Automotive Group of Minnesota is buying the Wichita Luxury Collection in Kansas in a deal worth more than $100 million. With the acquisition, Walser expands both outside its home state and into the luxury space for the first time.
China's Zhongwang enters U.S. auto aluminum market with $2.3 billion deal for AlerisMon, 29, Aug 2016
Zhongwang USA, backed by Chinese aluminum magnate Liu Zhongtian, is buying U.S. aluminum company Aleris in a bet by the billionaire that the nascent U.S. automotive aluminum sector will be the industry's next big growth market.
Marchionne sees Samsung as 'potential strategic partner'Sun, 28, Aug 2016
FCA CEO Sergio Marchionne said he sees Samsung Electronics as a potential partner amid interest from several potential buyers of its Magneti Marelli auto-parts unit. He didn't confirm talks with the Korean company.
Marchionne says FCA approached by several suitors for Magneti MarelliFri, 26, Aug 2016
Fiat Chrysler Automobiles has been approached by several suitors for its components business Magneti Marelli, the carmaker's CEO said, without giving names or mentioning how many.
Takata shortlists Daicel, KKR, Ningbo, others in rescue search, report saysFri, 26, Aug 2016
Takata has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese supplier, people involved in the process told Reuters.
Tesla wins U.S. antitrust approval to buy SolarCityThu, 25, Aug 2016
Tesla Motors won U.S. antitrust approval to buy solar panel installer SolarCity, the Federal Trade Commission said. The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy management systems, battery production and marketing.
Smart cars collaboration could raise risk of patent litigation, experts sayMon, 22, Aug 2016
As the West Coast's largest technology companies jump deeper into the automotive landscape, fears of increased litigation are bubbling in Michigan. Greg DeGrazia, partner and intellectual property attorney at law firm Warner Norcross and Judd, said that as the tech and auto industries continue to merge, a clash is on the horizon.
The public dealerships are buying -- and sellingMon, 22, Aug 2016
In the first half of 2016, the public dealership groups sold nearly as many dealerships as they acquired, according to "The Blue Sky Report," a quarterly publication by dealership buy-sell adviser Erin Kerrigan.
Shareholders approve Johnson Controls-Tyco mergerWed, 17, Aug 2016
Shareholders from Johnson Controls and Tyco International approved the merger between the two companies on Wednesday.
Harman senses software opportunitiesMon, 15, Aug 2016
Harman International is looking for more business from luxury and nonluxury automakers.
Diesel decline not a problem for BorgWarnerMon, 15, Aug 2016
BorgWarner sees its markets slow a bit -- but they're still growing.
Lyft rebuffs GM overtures to acquire ride-hailing firm, report saysFri, 12, Aug 2016
General Motors has expressed an interest in acquiring Lyft, but the ride-hailing company has rebuffed the recent overtures and will raise more funds instead, technology website The Information reported on Friday, citing two people familiar with the situation.