Mergers - Acquisitions - Takeovers

BUFFETT | VAN TUYL DEAL

Van Tuyl grew from 1 store to a colossus

12:01 am U.S. ET | Oct. 6, 2014
The Van Tuyl Group of Phoenix, the nation's fifth-largest dealership group and the largest privately held one, had humble beginnings. Founder Cecil Van Tuyl got his start in the auto industry in the 1940s selling used cars in Kansas City, Mo....
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BUFFETT | VAN TUYL DEAL

Buffett opens door for more outsiders

12:01 am U.S. ET | Oct. 6, 2014
Billionaire Warren Buffett is paving the way for more outside investors to buy large dealership groups, experts said. Buy-sell advisers say they have seen growing interest from private-equity and outside investors in buying car dealerships, but in recent weeks, the pace of that interest is quickening....
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EDITORIAL

Warren Buffett, the Oracle of Automotive

12:01 am U.S. ET | Oct. 6, 2014
Warren Buffett's investment is an endorsement of auto retailing and its prospects. And his statement that he's already looking to buy more dealerships will pour fuel on an already blazing buy-sell market....
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EDWARD NIEDERMEYER

Dissecting what it means when Buffett grabs the wheel

11:27 am U.S. ET | Oct. 4, 2014
Wherever Warren Buffett goes, investors follow. But for anyone who thinks now is the best time to buy into car dealerships, a quick reality check may be in order....
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BUFFETT | VAN TUYL DEAL

Berkshire Hathaway Auto CEO ready to accelerate growth

12:01 am U.S. ET | Oct. 4, 2014
As CEO of the future Berkshire Hathaway Automotive, Jeff Rachor is positioned to push the accelerator of growth. It's a role he knows well. Rachor has helped the Van Tuyl Group add a handful of stores annually since becoming COO in 2010....
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Van Tuyl founder was 'excited' about Buffett talks

12:01 am U.S. ET | Oct. 4, 2014
Larry Van Tuyl is looking to his father for inspiration on the next phase of his working life. Van Tuyl will become chairman of Berkshire Hathaway Automotive after the sale of his dealership group to Warren Buffett's investment company is complete....
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Fiat retools Jeep as 500X SUV to show Chrysler merger is street ready

2:15 pm U.S. ET | Oct. 3, 2014
With the new pint-sized Fiat 500X, CEO Sergio Marchionne wants to show his vision for Fiat Chrysler Automobiles NV is ready for the street. The latest member of the 500 family, which follows the 500L wagon, is especially important to halt losses and sliding market share at Fiat's operations in Europe....
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Buffett to buy Van Tuyl Group, create Berkshire Hathaway Automotive

8:40 am U.S. ET | Oct. 2, 2014
Warren Buffett's Berkshire Hathaway agreed to buy Van Tuyl Group, the largest privately owned auto dealership group in the United States. The business, with 75 dealerships at the end of last year, will be renamed Berkshire Hathaway Automotive....
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Lithia completes purchase of DCH Auto Group

5:48 pm U.S. ET | Oct. 1, 2014
Lithia Motors said it completed the purchase of DCH Auto Group, one of the largest buy-sell deals between dealership groups in recent history....
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Magna unit to acquire closures supplier Techform

12:55 pm U.S. ET | Oct. 1, 2014
Magna International's closures unit plans to acquire Techform Group, a supplier of hinges, door locking rods and other closure products. Terms of the deal, expected to be completed early this month, were undisclosed....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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)....
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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....
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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....
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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....
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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....
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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....
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Special Report
Racing, tech events draw crowds to Hoffman stores

Racing, tech events draw crowds to Hoffman stores

Hoffman Auto Group holds more than 100 elaborate events annually to attract and retain customers. Some buyers zip around a racetrack in Porsches at 130 mph. Mon., October 27
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