Mergers - Acquisitions - Takeovers

Johnson Controls diversifies away from autos with $1.6 billion deal

2:54 pm U.S. ET | April 16, 2014
Johnson Controls, seeking to lessen its reliance on the cyclical auto industry, agreed to acquire Texas-based ventilation products company, Air Distribution Technologies, for $1.6 billion.... Read More »

 

Airbag, seat belt supplier Key Safety expected to be sold to Chinese firm, report says

6:32 am U.S. ET | April 8, 2014
Key Safety Systems, a maker of components for the auto industry, is close to being bought by Chinese private equity company FountainVest Partners for as much as $800 million, people with knowledge of the matter told Bloomberg.... Read More »

 

Beijing Auto looking to acquire a brand in Europe or U.S

April 3, 2014 08:21 CET
Beijing Automotive said it wants to buy a "mid- to high-end brand" in Europe or the United States to boost its global presence and it already has candidates in mind.... Read More »

 

Enterprise expands car-sharing business into Canada

6:23 pm U.S. ET | March 27, 2014
Enterprise Holdings’ Canadian subsidiary has purchased a car-sharing company in Toronto. Enterprise Rent-A-Car Canada’s acquisition of AutoShare CarSharing Network is the Canadian subsidiary’s first entry into the car-sharing business.... Read More »

 

Porsche SE has 2.61 billion euros available for acquisitions

March 19, 2014 14:12 CET
Porsche SE plans to spend the bulk of its 2.61 billion euro ($3.64 billion) cash pile on acquisitions beyond its controlling stake in Volkswagen Group.... Read More »

 

Presidio founder to head automotive practice

12:20 pm U.S. ET | March 18, 2014
Presidio, a key player in the buying and selling of auto dealerships in the United States, last week named a new head of its automotive investment banking practice after the recent departure of the practice's former leaders.... Read More »

 

Scania committee recommends rejection of Volkswagen's bid

March 18, 2014 13:40 CET
A Scania board committee recommended minority owners reject Volkswagen's bid for the rest of the Swedish truckmaker, saying the $9.33 billion offer for the stock VW doesn't own is too low.... Read More »

 

Porsche wins dismissal of hedge funds' suit over failed VW bid

March 17, 2014 14:34 CET
Porsche Automobil Holding won the dismissal of a lawsuit seeking $1.95 billion over the German carmaker's aborted takeover of Volkswagen.... Read More »

 

Marchionne forecasts higher Fiat Chrysler Q1 profit

March 14, 2014 06:01 CET
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid ''strong'' industrywide demand this month for Chrysler in the United States. Marchionne also forecast that Fiat-Chrysler's deliveries may reach 5 million in 2016.... Read More »

 

Marchionne says Fiat Chrysler's Q1 profit to climb on U.S. results

March 13, 2014 19:35 CET
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month for Chrysler in the United States. Business in the United States is going well, while the Brazilian market is “choppy,” Marchionne told reporters today in Geneva.... Read More »

 

Marchionne says Fiat Chrysler's Q1 profit to climb on U.S. results

1:35 pm U.S. ET | March 13, 2014
Fiat CEO Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month for Chrysler in the United States. Business in the United States is going well, while the Brazilian market is “choppy,” Marchionne told reporters today in Geneva.... Read More »

 

Cars.com drawing interest from AutoTrader owners Cox, Apax, report says

7:36 am U.S. ET | March 12, 2014
Cox Enterprises, the media holding company, and London-based buyout firm Apax Partners, are interested in bidding for auto-sales Web site Cars.com, people with knowledge of the matter told Bloomberg.... Read More »

 

Tesla, Apple supplier Amtek bets auto industry will fuel its growth

9:30 am U.S. ET | March 10, 2014
Amtek Engineering, the Singapore maker of auto parts for Tesla Motors and chargers for Apple iPhones, plans to double sales to $2 billion in five to seven years through acquisitions.... Read More »

 

Cars.com's owners considering sale of Web site business, report says

7:09 am U.S. ET | March 10, 2014
Classified Ventures LLC, the media company backed by five newspaper publishers including Gannett and McClatchy, is working with Moelis to seek a sale of its Cars.com Web site, a person with knowledge of the matter told Bloomberg.... Read More »

 

VW offers 6.7 billion euros to purchase rest of truckmaker Scania

Feb. 21, 2014 23:22 CET
VW Group is bidding 6.7 billion euros for the rest of truckmaker Scania to deepen cooperation with its other commercial-vehicles units after being blocked previously in those efforts by the Swedish company's minority shareholders.... Read More »

 

VW offers $9.2 billion to purchase rest of truckmaker Scania

5:22 pm U.S. ET | Feb. 21, 2014
Volkswagen AG is bidding more than $9.2 billion for the rest of truckmaker Scania AB to deepen cooperation with its other commercial-vehicles units after being blocked previously in those efforts by the Swedish company's minority shareholders.... Read More »

 

Tesla's Musk confirms Apple talks, says deal 'unlikely'

2:10 pm U.S. ET | Feb. 20, 2014
Tesla Motors Inc has had "conversations" with Apple, CEO Elon Musk confirmed to Bloomberg TV today, responding to speculation that the iPhone and iPad maker had shown interest in the electric car company.... Read More »

 

China will ease limits on foreign stake in JVs

1:48 pm U.S. ET | Feb. 20, 2014
China's Ministry of Industry and Information Technology wants to loosen ownership restrictions on foreign automakers' joint ventures despite strong opposition from state-owned auto companies.... Read More »

 

Johnson Controls to sell headliner, sun visor business to private equity firm Atlas

Feb. 20, 2014 06:01 CET
Johnson Controls plans to sell its headliner and sun visor business to an affiliate of private equity firm Atlas Holdings. Johnson Controls expects to close the deal by April 30. Terms of the agreement were not disclosed.... Read More »

 

Johnson Controls to sell headliner, sun visor business to private equity firm Atlas

4:03 pm U.S. ET | Feb. 19, 2014
Johnson Controls plans to sell its headliner and sun visor business to an affiliate of private equity firm Atlas Holdings. Johnson Controls expects to close the deal by April 30, the supplier said today. Terms of the agreement were not disclosed.... Read More »

 

Fisker wins approval to sell assets to China's Wanxiang

Feb. 19, 2014 06:01 CET
Fisker Automotive Holdings has won court approval to sell its assets to China's Wanxiang Group for an offer valued at $149.2 million, almost six times what the U.S. hybrid carmaker sought when it filed for bankruptcy.... Read More »

 

Fisker wins approval to sell assets to China's Wanxiang

12:18 pm U.S. ET | Feb. 18, 2014
Fisker Automotive Holdings today won court approval to sell its assets to China’s Wanxiang Group for an offer valued at $149.2 million, almost six times what the hybrid-car maker sought when it filed for bankruptcy.... Read More »

 

Fiat faces hurdles to accessing Chrysler cash after merger

Feb. 17, 2014 12:59 CET
Fiat says its access to the cash of unit Chrysler, which it took full control of last month, was limited by a cap on dividends from the U.S. automaker and its debt covenants.... Read More »

 

China's Wanxiang wins bidding for Fisker

6:34 pm U.S. ET | Feb. 14, 2014
China’s Wanxiang Group won an auction for Fisker Automotive with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy. Wanxiang topped Hybrid Tech Holdings during the auction, which began on Wednesday and went through 19 rounds of bidding.... Read More »

 

Fiat rating cut by Moody's on earnings worry, outlook

Feb. 11, 2014 22:29 CET
Moody's cut Fiat's rating, citing weak 2013 results and challenges it sees for the Italian carmaker in achieving its guidance this year, given eroding profitability in its Latin American market.... Read More »

 

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