Mergers - Acquisitions - Takeovers

Dealertrack expands beyond U.S. with acquisition of German software provider

11:54 am U.S. ET | Dec. 18, 2014
Dealer software giant Dealertrack Technologies is expanding beyond North America with the acquisition of incadea, a dealer software provider based in Germany. Dealertrack plans to pay just over $190 million in cash for publicly traded incadea, the companies said today....
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Visteon to sell Halla Climate unit stake for $3.6 billion

12:38 pm U.S. ET | Dec. 17, 2014
Visteon has agreed to sell a majority stake in Halla Visteon Climate Control to South Korea’s Hankook Tire and its investment partner for $3.6 billion, to focus on connected-vehicle solutions and cockpit electronics....
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Mahindra nears deal to buy Saab maker, report says

Dec. 11, 2014 10:37 CET
India's Mahindra is close to sealing a deal to buy NEVS, the investment group that bought the assets of Saab Automobile, a report said. Mahindra wants Saab so it can accelerate its expansion into Western markets and into premium and electric cars....
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Mahindra will buy majority stake in Saab maker NEVS, report says

Dec. 1, 2014 16:48 CET
India's Mahindra & Mahindra has agreed to buy a majority stake in National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, a report said....
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Group 1 snaps up 3 more dealerships in the UK

3:45 pm U.S. ET | Dec. 1, 2014
Group 1 Automotive Inc. is expanding its presence overseas with the purchase of three BMW-Mini dealerships in the United Kingdom. Terms were not disclosed, but the stores are expected to generate $225 million in annual revenues, Group 1 said in a statement....
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Visteon in talks to sell Korean joint venture

12:01 am U.S. ET | Dec. 1, 2014
Visteon Corp. confirmed that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp....
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Halla mulls buying back Visteon stake in climate control unit

7:34 pm U.S. ET | Nov. 26, 2014
Halla CEO Im Kee Young said he's still considering buying back the group's former automotive heater and air conditioner maker after a buyout fund agreed to acquire a stake in the business, Halla Visteon Climate Control....
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Delphi's Korean partner complicating sale of thermal unit

1:15 pm U.S. ET | Nov. 26, 2014
Delphi Automotive's sale of its air conditioning business is being complicated by potential problems with one of its South Korean joint venture partners, three people familiar with the deal said....
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Visteon confirms discussions to sell stake in climate control joint venture

8:16 am U.S. ET | Nov. 25, 2014
Visteon Corp. confirmed this morning that it's in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteon Climate Control Corp....
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ZF expects surging sales of driver-assist systems

12:01 am U.S. ET | Nov. 24, 2014
German supplier ZF Friedrichshafen AG, which agreed to buy TRW Automotive Holdings in September for $13.5 billion, expects the combined company's sales of driver-assist safety systems to grow 15 to 25 percent a year. Those technologies, which will underpin tomorrow's autonomous cars, also will be the "major" part of the combined company's $2.1 billion r&d budget, ZF CEO Stefan Sommer said....
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TRW shareholders approve $13.5 billion takeover by ZF

7:21 am U.S. ET | Nov. 20, 2014
TRW Automotive shareholders today approved a $13.5 billion takeover offer by Germany's ZF Friedrichshafen, the companies said, paving the way for a new global automotive supply powerhouse to rival Robert Bosch....
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Semiconductor demand spurs merger activity

12:01 am U.S. ET | Nov. 17, 2014
Spurred by fast-growing markets for infotainment and collision avoidance, semiconductor suppliers are bulking up with a wave of mergers....
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Porsche SE faces more legal risks from botched VW takeover

Nov. 15, 2014 09:54 CET
Porsche SE has warned shareholders it could be forced to return "economic benefits" from a failed takeover of Volkswagen if former board members are convicted....
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Cox Automotive to buy Xtime for $325M, enters service software business

3:30 pm U.S. ET | Nov. 11, 2014
Cox Automotive has agreed to pay $325 million in cash to buy Xtime, a leading provider of service scheduling and workflow software to dealerships, the companies announced today. The deal is expected to be completed in the next few days, said Keith Jezek, software division president at Cox Automotive....
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Benefits of Lithia-DCH deal go beyond numbers, CEO says

12:01 am U.S. ET | Nov. 10, 2014
Before Warren Buffett bought Van Tuyl Group in October, the buy/sell sensation of the year was Lithia Motors' surprise acquisition of DCH in June. Lithia paid $340 million in cash and another $22.5 million in stock for the 27-store group. But did Lithia over- or underpay for DCH?...
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An FCA-VW merger? Brilliant, Krafcik says

12:01 am U.S. ET | Nov. 10, 2014
In July, Fiat Chrysler Automobiles and Volkswagen denied they were in merger talks after a German magazine reported discussions were underway. Still, John Krafcik, former CEO of Hyundai Motor America, told a media gathering in Detroit last week that he has studied the idea. His conclusion: "This is an absolutely brilliant combination."...
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Visteon posts Q3 loss on one-time items, but revenue rises 33%

10:24 am U.S. ET | Nov. 6, 2014
Visteon said today it posted a $21 million net loss for the third quarter because of charges from discontinued operations, but revenue surged 33 percent, helped by its acquisition of Johnson Controls' electronics business....
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Continental unable to complete Veyance takeover, report says

Nov. 6, 2014 14:12 CET
Continental is unable to complete its acquisition of U.S. rubber firm Veyance Technologies and may need to sell one of the target company's divisions to win U.S. regulatory approval, a German magazine reported....
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Dealertrack raises financial targets after Q3 revenue surges

8:11 pm U.S. ET | Nov. 5, 2014
Dealertrack Technologies, which supplies a wide variety of auto dealership retail software and services, said its third-quarter business surged and it bumped up its revenue and profitability forecast for the year....
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Shiloh advances product strategy with U.S. tech center, acquisitions

1:59 pm U.S. ET | Nov. 5, 2014
Shiloh Industries is planning to open a new technical center in Michigan as part of the company's efforts to reinvent itself and grow with its automaker customers....
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VW joining with Fiat Chrysler would be 'brilliant' idea, Krafcik speculates

4:18 pm U.S. ET | Nov. 4, 2014
A merger of Fiat Chrysler Automobiles and Volkswagen would create a well-balanced global automaker that would be highly profitable, John Krafcik, president of auto-buying website TrueCar, said today....
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ZF and TRW usher in new era of deals

12:01 am U.S. ET | Nov. 3, 2014
In the wake of ZF's $13.5 billion acquisition of TRW Automotive, other merger and acquisition deals are bubbling up. Delphi Automotive reportedly wants to sell its thermal products division, and key semiconductor suppliers have been buying smaller competitors. Automotive suppliers are expected to close 211 deals this year, up 13 percent over 2013....
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Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014
Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity....
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Lithia will continue rapid acquisition pace after DCH

9:08 am U.S. ET | Oct. 30, 2014
Lithia Motors will continue its rapid pace of acquisitions over the next year despite just closing a huge deal to buy DCH Auto Group, executives said today. Their remarks came as Lithia reported its third-quarter net income increased 11 percent to $34.5 million....
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Fiat Chrysler Q3 profit rises on Jeep demand

9:16 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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