Mergers - Acquisitions - Takeovers
Delphi doubles Q1 net income following acquisition, global growthWed, 04, May 2016
Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.
Supplier Tower International cancels plan to sell European unitThu, 28, Apr 2016
Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region.
Auto dealers in China, ubiquitous as KFCs, face shakeoutMon, 25, Apr 2016
China has set six straight annual records for the most new vehicles bought by any country in the 150-year history of the automobile. And yet, a troubling trend has emerged among the dealers moving all that metal -- most are just spinning their wheels.
Icahn's Federal-Mogul returns to profitability in Q1Wed, 27, Apr 2016
Carl Icahn-controlled Federal-Mogul today reported a $35 million profit in the first quarter as sales in its aftermarket parts division rose 7.5 percent.
What FCA employees need to hear from their leadersSun, 24, Apr 2016
Fiat Chrysler's year-long obsession with a merger is taking a toll within the company in ways that don't show up on the balance sheet.
Faurecia signs 'definitive' deal to sell auto exteriors business to Plastic OmniumTue, 19, Apr 2016
Faurecia said it has signed a "definitive" agreement to sell its automotive exteriors business to Plastic Omnium for an enterprise value of 665 million euros ($753 million) to reduce debt.
Marchionne sees Toyota, VW, Ford as merger candidates for FCAFri, 15, Apr 2016
Fiat Chrysler CEO Sergio Marchionne sees Toyota, VW and Ford as the remaining potential merger candidates after his attempt to tie up with General Motors was rebuffed.
GM acquisition of Cruise could hit legal snagThu, 14, Apr 2016
Cruise Automation CEO Kyle Vogt said his former business partner is claiming ownership stake in the start-up -- a claim that could put a snag in General Motors' acquisition of the San Francisco company.
Federal-Mogul looks to expand in eastern Europe, ChinaThu, 14, Apr 2016
Federal-Mogul, the supplier controlled by billionaire Carl Icahn, is looking to expand its manufacturing facilities in eastern Europe and China to tap growth opportunities, co-CEO Daniel Ninivaggi said.
Fiat Chrysler chairman renews push for merger with 'big guys'Thu, 14, Apr 2016
Fiat Chrysler Chairman John Elkann renewed a push to merge the company with one of the auto industry's "big guys," saying savings could top $10 billion a year. Even with developments like self-driving vehicles, FCA's competitors should consider the potential benefits of a merger, he wrote.
Holman Automotive buys Kuni, creating dealership giantTue, 12, Apr 2016
Holman Automotive Group said today it acquired Kuni Automotive to form one of the country's largest private dealership groups. The new group, which will have projected annual revenue of about $3 billion, will have 33 dealerships in eight states, most along the East Coast and West Coast.
Bosch considers stake in digital map maker HereFri, 08, Apr 2016
Auto supplier Bosch said Friday it was in talks with high-definition digital maps company Here and is exploring whether to take a stake.