Mergers - Acquisitions - Takeovers
Takata interiors unit being sold to Piston Group, sources sayMon, 26, Sep 2016
Piston Group, the auto supplier owned by former NBA star Vinnie Johnson, is expected to acquire Takata's interiors subsidiary, Irvin Automotive, sources familiar with the deal said.
Magna to acquire German automotive closures manufacturerMon, 26, Sep 2016
Magna International's closures unit agreed to acquire the BÍCO Group of Companies, the Canadian supplier said today. Terms of the deal were not disclosed. The transaction is expected to close in the third quarter, Magna said.
McLaren might be the best carmaker Apple can buySat, 24, Sep 2016
McLaren may be the only carmaker that makes sense for Apple to purchase since it has the benefit of being nimble, focused on high-tech and tuned in to the art of aerodynamics.
Carbone helps Lithia expand in NortheastMon, 19, Sep 2016
Acquiring the nine-store Carbone Auto Group gives Lithia Motors its first dealerships in New England.
ZF says offer for Haldex might not be its lastThu, 22, Sep 2016
German Supplier ZF has not ruled out a further improvement in its offer for Swedish braking systems maker Haldex in view of German rival Knorr-Bremse's higher bid, CEO Stefan Sommer said.
McLaren says 'no discussions' are taking place with AppleWed, 21, Sep 2016
McLaren damped down a report that Apple had made an approach for the British Formula One team owner and supercar maker. "We can confirm that McLaren is not in discussion with Apple in respect of any potential investment," a McLaren spokesman said.
GM affirms profit and cost cutting targetsWed, 21, Sep 2016
GM affirmed its forecast for 2016 profit of up to $6.00 per share and said it expected to exceed its cost-savings target of $5.5 billion by 2018 as the automaker unveiled a new effort to convince investors of its value.
Automakers head to Japan to decide Takata's fateTue, 20, Sep 2016
Global automakers are expected to descend on Tokyo at the end of the month to decide the fate of embattled supplier Takata Corp. Executives from customers, including GM and Ford, will review offers from several bidders for the company
Takata pushes ahead with sale by taking bids this week, report saysMon, 19, Sep 2016
Takata is said to be moving forward with an auction of the company as private equity groups and suppliers line up offers. Bidders for the troubled firm have been asked to submit their proposals by early this week, with Takata aiming to shortlist two to three candidates by October, Bloomberg reported.
Renault, Nissan buy French tech firm to develop mobility servicesTue, 20, Sep 2016
Renault and alliance partner Nissan said today they would buy French software development company Sylpheo as they compete with rival automakers and tech firms to develop new services including ride hailing and car sharing.
Tesla-SolarCity deal may face delay from suits as cash burnsMon, 19, Sep 2016
Tesla Motors faces a potential delay in its acquisition of SolarCity Corp. from four shareholder lawsuits, creating added urgency as both companies use up cash.
Haldex picks ZF's $647 million bid over higher Knorr-Bremse offerMon, 19, Sep 2016
Swedish braking systems maker Haldex has backed a 5.53 billion crowns ($647 million) takeover offer from German car parts firm ZF Friedrichshafen, even though it is less than a rival bid from Germany's Knorr-Bremse.