Mergers - Acquisitions - Takeovers

Marchionne asks investors for help persuading GM to merge with Fiat Chrysler, report says

June 9, 2015 09:01 CET

Fiat Chrysler Automobiles CEO Sergio Marchionne is reaching out to hedge funds and activist investors to help persuade General Motors to agree to a merger, the Wall Street Journal reported, citing people familiar with the matter....
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WHERE ARE THE DEALS?

Dealership M&A market cools following Soros buzz

12:01 am U.S. ET | June 8, 2015

When representatives of Wall Street financier George Soros told dealers this January at the National Automobile Dealers Association convention that the billionaire's family fund wanted to buy dealerships, it prompted a flurry of speculation that private-equity money and wealthy families' funds would open their fat wallets and inflate buy-sell prices. But so far, deals aren't getting done....
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NEWS ANALYSIS

Marchionne fights industry's history of failed mergers

11:32 am U.S. ET | June 5, 2015

As he presses rivals to merge with Fiat Chrysler Automobiles, Sergio Marchionne faces a fact his counterparts at General Motors and Ford know all too well: auto mergers and alliances fail at least as often as they succeed. Among the duds are DaimlerChrysler, GM's ill-fated tie-up with Fiat, and Ford's rollup of Volvo, Jaguar, Land Rover and Aston Martin....
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Fiat Chrysler delays many future vehicle programs

4:58 am U.S. ET | June 2, 2015

Fiat Chrysler has in the past year delayed the redesign or release of at least a dozen current or new vehicles in North America including the Ram 1500 and the Jeep Wrangler, suppliers familiar with the company's plans told Reuters....
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Fiat Chrysler Chairman Elkann confirms Marchionne sent merger email to GM

May 29, 2015 14:45 CET

Fiat Chrysler Chairman John Elkann confirmed that CEO Sergio Marchionne sent an email to GM about a possible tie-up. Elkann said discussions had taken place with other players as well....
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Harman acquires Bang & Olufsen Automotive

4:13 pm U.S. ET | May 29, 2015

Harman Industrial Industries, a supplier of infotainment, audio and software services, said today it has completed the $156 million acquisition of Bang & Olufsen Automotive, a supplier of audio products to luxury automakers....
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DAVE GUILFORD

BLOG: Sergio's merger talk could mean more heartburn for FCA workers

1:29 pm U.S. ET | May 28, 2015

Reaction to Sergio Marchionne's campaign to spur mergers has focused on other automakers, who seem notably unenthused, at least in public. But I wonder about the reaction in Marchionne's own house, Fiat Chrysler....
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Opel CEO rules out deal with Fiat

May 28, 2015 12:52 CET

Opel CEO Karl-Thomas Neumann has ruled out a deal with Fiat after its CEO Sergio Marchionne suggested carmakers need to consolidate to cut costs. Neumann also said it was a "big mistake" for Opel to search for scale with PSA/Peugeot-Citroen and not within GM....
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Marchionne sees industry merger by 2018

7:10 am U.S. ET | May 28, 2015

FCA CEO Sergio Marchionne is convinced a merger in the auto industry will happen before 2018, he said during a visit to the carmaker's Melfi plant in southern Italy....
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GM president rebuffs Marchionne's merger talk

May 26, 2015 17:10 CET

General Motors sees no need to merge with another automaker to maintain profitability, the company's president, Dan Ammann, said. Ammann was commenting after a report said Fiat Chrysler Automobiles CEO Sergio Marchionne had sent an email to General Motors CEO Mary Barra suggesting combining the automakers....
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Marchionne approached GM about a merger, but was rebuffed, NYT reports

8:31 pm U.S. ET | May 23, 2015

As part of his quest for a mega merger, FCA CEO Sergio Marchionne sent an email to General Motors CEO Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday....
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Autobytel acquires rival Dealix for $25 million

4:00 pm U.S. ET | May 21, 2015

Autobytel, one of the largest providers of sales leads to auto dealers, has purchased longtime rival Dealix for $25 million in cash. The deal brings together two of the most-prominent providers of leads, which are vehicle-buying prospects who want to be contacted by a dealer. They typically cost dealers $20 a piece....
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German carmakers team up with private equity firm to bid for Nokia map unit, report says

May 21, 2015 16:48 CET

Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to raise their chances of clinching Nokia's map unit HERE, a report said. Automakers use HERE's maps in vehicle navigation systems and are counting on them to provide crucial context for upcoming collision-detection systems....
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Continental to buy Elektrobit auto unit in bid to boost autonomous tech

May 19, 2015 11:07 CET

Continental will buy the automotive business of Finnish software and hardware company Elektrobit Oyj for 600 million euros ($680 million) as the German company seeks to strengthen its position in automated driving technology....
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What drew Mazda, Toyota together?

12:01 am U.S. ET | May 17, 2015

Akio Toyoda and Masamichi Kogai sounded more like lovebirds than CEOs when they announced a shared vision for wide-ranging Toyota-Mazda cooperation. Yet it is still unclear what that vision is and how it will play out in joint projects....
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Penske seeks $1 billion for truck parts unit, report says

3:38 pm U.S. ET | May 15, 2015

Roger Penske's holding company is exploring a sale of Truck-Lite in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, people familiar with the matter told Reuters....
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Icahn invests $100 million in Lyft as Uber rivalry grows

11:51 am U.S. ET | May 15, 2015

Lyft raised an additional $150 million, led by an investment of $100 million from Carl Icahn's investment company, raising the stakes in the car-hailing service's rivalry with Uber Technologies....
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ZF completes $12.4 billion acquisition of TRW

10:26 am U.S. ET | May 15, 2015

German auto supplier ZF Friedrichshafen AG said today that it has completed its $12.4 billion acquisition of safety systems supplier TRW Automotive Holdings....
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Marchionne reiterates call for consolidation

6:21 am U.S. ET | May 11, 2015

Sergio Marchionne said he hasn't given up on his quest to push the auto industry to increase its profitability, even though carmakers are enjoying some of their best sales ever....
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How Tesla sent penny stock soaring 4,400%

12:48 pm U.S. ET | May 8, 2015

Market regulators halted trading on a penny stock from defunct Riviera Tool Company that was incorrectly linked to the Tesla Motors acquisition of Riviera Tool LLC....
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De Tomaso brand sale leaves Italian factory's future uncertain

May 7, 2015 15:24 CET

The sale of iconic Italian sports car brand De Tomaso to Hong Kong investment fund Ideal Team Ventures has created a headache for Turin's local authorities, who now own a dormant factory and are responsible for 800 jobless workers....
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Tesla to buy Mich. stamped-parts supplier

1:09 pm U.S. ET | May 7, 2015

Tesla Motors is acquiring one of its suppliers of stamped parts, Michigan-based Riviera Tool, the automaker confirmed today....
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Visteon posts Q1 sales bump after acquisition

10:54 am U.S. ET | May 7, 2015

Visteon today reported strong first-quarter profits and sales thanks in large part to its 2014 acquisition of Johnson Controls' global electronics business....
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JAMIE LaREAU

BLOG: Lithia reaches out to women in step toward industry evolution

12:13 pm U.S. ET | May 6, 2015

Lithia has about 10,000 employees -- a quarter of them are women. But Lithia wants to hire more women at every level and it's doing something about it....
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ZF wins U.S. approval for TRW acquisition with divestitures

May 6, 2015 09:36 CET

ZF Friedrichshafen won U.S. antitrust approval to buy TRW Automotive on the condition it sells TRW's linkage and suspension business in North America and Europe. The merger of ZF and TRW will create the world's second-largest supplier....
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