Mergers - Acquisitions - Takeovers

2016 AUTOMOTIVE NEWS WORLD CONGRESS

Magna to stay flexible on tech partnerships

6:39 pm U.S. ET | Jan. 12, 2016

Fresh on the heels of his company's acquisition of transmission supplier Getrag last week, Magna CEO Don Walker said he sees no slowdown in the pace of consolidation among auto suppliers....
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Marchionne embarks on final mission impossible at Fiat Chrysler

8:12 am U.S. ET | Jan. 11, 2016

As Fiat Chrysler CEO Sergio Marchionne starts to look beyond his reign at the carmaker, he's betting he can silence naysayers one more time....
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Q&A

BorgWarner plans to ride Remy to $15 billion sales goal

12:01 am U.S. ET | Jan. 11, 2016

BorgWarner CEO James Verrier, 53, views the purchase of Remy International Inc., a manufacturer of starters, alternators and electric motors, as a major step in his quest to increase the company's annual revenue to $15 billion by 2020....
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Big suppliers hunger for startups' tech

12:01 am U.S. ET | Jan. 9, 2016

The auto industry's big suppliers are racing to invest in companies that can deliver key technologies for infotainment, self-driving cars, EV batteries -- you name it....
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Fisker, Lutz partner to retool VL

3:56 pm U.S. ET | Jan. 8, 2016

Auto designer Henrik Fisker is joining former GM Vice Chairman Bob Lutz and entrepreneur Gilbert Villarreal to create a new luxury sports car company....
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Penske enters Japan with equity buy into luxury dealership group

5:00 pm U.S. ET | Jan. 7, 2016

Penske Automotive Group, making a foray into Japan, acquired a 49 percent equity stake in the Nicole Group, a luxury dealership group with operations in Tokyo and Kanagawa....
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Harman to buy Michigan auto cybersecurity company

11:12 am U.S. ET | Jan. 5, 2016

Harman said today it agreed to buy automotive cybersecurity company TowerSec, as part of efforts to boost security of its offerings designed for connected vehicles....
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Fiat merger mastermind says next deal could be after he's gone

10:58 am U.S. ET | Jan. 4, 2016

Fiat Chrysler CEO Sergio Marchionne, the mastermind of the merger that created the world's seventh-largest carmaker, says another transformational deal probably won't happen under his watch....
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JAMES B. TREECE

BLOG: As head of a desperate Nissan, Hanawa knew where he stood

12:01 am U.S. ET | Dec. 30, 2015

If Fiat Chrysler CEO Sergio Marchionne is tempted to revive his push to acquire -- I'm sorry, merge with (cough, cough) -- General Motors, he might do well to consider the tale of Yoshikazu Hanawa....
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Pep Boys agrees to be acquired by Icahn for more than $1 billion

12:51 pm U.S. ET | Dec. 30, 2015

Pep Boys agreed to be acquired by Carl Icahn for more than $1 billion after tire giant Bridgestone backed down from a bidding war with the billionaire investor....
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Bridgestone relents, Icahn prevails in $1 billion bidding war for Pep Boys

10:08 pm U.S. ET | Dec. 29, 2015

Tire giant Bridgestone backed down from a bidding war with billionaire investor Carl Icahn, declining to match his takeover offer of more than $1 billion for the Pep Boys auto-parts retail chain....
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DuPont to cut 1,700 Delaware-based jobs ahead of Dow merger

4:01 pm U.S. ET | Dec. 29, 2015

DuPont said it will cut about 28 percent of its workforce in its home state of Delaware in early 2016 as the chemical company proceeds with a merger with Michigan's Dow Chemical Co....
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Icahn sweetens bid for Pep Boys to more than $1 billion

6:58 pm U.S. ET | Dec. 28, 2015

Billionaire investor Carl Icahn raised his offer for Pep Boys to $18.50 a share in cash, or more than $1 billion, escalating a bidding war with Bridgestone for the car-parts chain....
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Q&A

From Iacocca to Visteon, Leuliette reflects on 42 years in the auto industry

8:28 am U.S. ET | Dec. 28, 2015

The 43-year professional history of Tim Leuliette mirrors the industry in which he ascended the ranks. From product shifts to the merger boom of the late 1990s to post-recession restructuring and to the entrance of private equity, Leuliette experienced it all....
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Carfax owner buys Canadian vehicle-history provider for $460 million

11:48 am U.S. ET | Dec. 28, 2015

IHS said today it has acquired Carproof, a Canadian used-vehicle history provider, for $460 million....
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EDITORIAL

And for 2016, I do solemnly resolve to ...

12:01 am U.S. ET | Dec. 28, 2015

New Year's resolutions we may or may not hear for 2016....
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Pep Boys agrees to $947 million Bridgestone bid, shuns Icahn

8:03 am U.S. ET | Dec. 25, 2015

Pep Boys agreed to a $947 million takeover offer from tire giant Bridgestone, shunning a competing bid from billionaire investor Carl Icahn that had promised a higher price....
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Icahn sweetens Pep Boys offer with vow to top Bridgestone

11:35 am U.S. ET | Dec. 23, 2015

Billionaire investor Carl Icahn sweetened his offer to acquire Pep Boys with a promise to top any bid from Bridgestone up to about $1.01 billion....
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LKQ to buy European spare parts supplier Rhiag in $1.1 billion deal

10:00 am U.S. ET | Dec. 22, 2015

Aftermarket supplier LKQ said it would buy Italy's Rhiag-Inter Auto Parts Italia SpA, owned by private equity firm Apax Partners LLP, to expand in the European auto spare parts market....
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Carl Icahn raises offer for Pep Boys, tops Bridgestone's bid

9:45 am U.S. ET | Dec. 21, 2015

U.S. auto parts retailer Pep Boys said billionaire investor Carl Icahn raised his offer to buy the company to $16.50 per share, topping Bridgestone's previous offer of $15.50 per share....
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Delphi closes on $1.6 billion acquisition of cable supplier

11:29 am U.S. ET | Dec. 18, 2015

Delphi Automotive has closed on a $1.6 billion acquisition of HellermannTyton Group, a British cable and connector supplier....
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Online retailer Vroom acquires Texas Direct Auto

12:26 pm U.S. ET | Dec. 16, 2015

Online used-car retailer Vroom said today it has acquired one of its competitors, Texas Direct Auto. The deal was approved today by the Department of Justice, a Vroom spokeswoman said....
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Mahindra seeks styling prestige with Pininifarina purchase

Dec. 15, 2015 11:43 CET

Mahindra's purchase of Pininfarina provides instant styling prestige to the Indian manufacturer's push to move beyond its roots in tractors and SUVs....
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Mahindra agrees to buy Pininfarina in deal worth $185 million

Dec. 14, 2015 12:11 CET

India's Mahindra & Mahindra has agreed to buy Italian car designer Pininfarina in a deal worth about 168 million euros ($185 million). Pininfarina will remain an independent company with a separate listing in Milan....
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Plastic Omnium agrees to buy Faurecia's auto exteriors parts unit for $732 million

3:47 pm U.S. ET | Dec. 14, 2015

Plastic Omnium, in a consolidation among French auto suppliers, said today it agreed to acquire Faurecia's automotive exteriors business in a transaction valued at 665 million euros ($732.4 million)....
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