Mergers - Acquisitions - Takeovers

J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators....
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Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015

Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna International Inc., people with knowledge of the matter told Bloomberg....
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RICHARD TRUETT

BLOG: The (technology) pluses and minuses of a GM-FCA deal

11:15 am U.S. ET | June 30, 2015

GM and FCA could benefit from each other's technology. Instead of a full-blown merger, maybe some small side-deals is all Sergio needs....
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Bain Capital completes buyout of TI Automotive

4:15 pm U.S. ET | June 30, 2015

TI Automotive said its sale to private equity firm Bain Capital LLC has been completed. Terms of the sale were not disclosed in a statement today....
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Fiat Chrysler's Jeep delay highlights challenges to a potential merger

June 29, 2015 10:50 CET

The chief of Fiat Chrysler Automobiles' Jeep brand, Mike Manley, says a redesign of its Grand Cherokee SUV will be delayed by at least a year, intensifying the challenges FCA CEO Sergio Marchionne faces in his quest for a partner....
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NEWS ANALYSIS

Why talk of GM-FCA tie-up just won't die

12:01 am U.S. ET | June 29, 2015

Few auto industry pundits seem to be taking Sergio Marchionne's awkwardly public pursuit of a merger with General Motors very seriously. And yet, there must be some reason why the idea keeps resurfacing. This is at least the third time in the past eight years that executives have kicked the tires on a GM-Chrysler combination....
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JASON STEIN

Is Marchionne right? Let's find out

12:01 am U.S. ET | June 29, 2015

We were fascinated a few weeks ago when FCA boss Sergio Marchionne made his now-famous PowerPoint presentation to the analyst community. Whatever his motivation, we have decided to take Marchionne seriously....
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Mahindra's offer for Pininfarina rejected by creditors, paper says

June 27, 2015 18:11 CET

An offer by India's Mahindra & Mahindra to take over Pininfarina has fallen through due to opposition from some of the Italian car design company's creditor banks, an Italian newspaper said....
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Fiat Chrysler could win merger partner with Alfa Romeo revival

June 23, 2015 16:10 CET

The Alfa Romeo Giulia will be the lynchpin of the brand's turnaround plan and potentially an opportunity to attract a cash-rich merger partner for Alfa parent Fiat Chrysler Automobiles....
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Kirk, Lee and the one that got away

12:01 am U.S. ET | June 22, 2015

When billionaire investor Kirk Kerkorian set his sights on acquiring Chrysler 20 years ago this summer, he effectively pushed the automaker into its tie-up with Daimler three years later....
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Consolidation is key? How to explain Nissan?

12:01 am U.S. ET | June 22, 2015

If synergies deriving from automotive partnerships are so great - as Fiat Chrysler boss Sergio Marchionne posits - why is Nissan's return on capital so poor? That's the question asked by Deutsche Securities analyst Kurt Sanger....
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Daimler sells 15 German Mercedes dealerships to Chinese investor

June 19, 2015 17:03 CET

Daimler said it is selling 15 Mercedes-Benz dealerships in eastern Germany to a unit of China's Lei Shing Hong Group in a bid to lift profitability....
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Porsche buys Kuka machine tool unit to enhance lightweight production

June 19, 2015 17:24 CET

Porsche has bought the machine tool unit of industrial robot maker Kuka to enhance production of sports cars amid a growing use of lightweight materials. The transaction may cost Porsche between 10 million euros ($11.34 million) and 25 million euros....
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GM asking advisors for help rekindles FCA merger talk

2:12 pm U.S. ET | June 18, 2015

General Motors seeking advice from investment banks shows it is taking an attempt by Fiat Chrysler Automobiles to force a merger with its larger U.S. rival seriously, analysts and traders said....
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NEWS ANALYSIS

FCA's long-odds GM pursuit hangs on Marchionne's deal record

2:20 pm U.S. ET | June 18, 2015

Moves by Fiat Chrysler Automobiles to force General Motors into a merger might have been laughed out of court by now, had its CEO been anyone other than Sergio Marchionne....
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GM and FCA line up financial advisers in merger standoff, report says

6:30 am U.S. ET | June 18, 2015

General Motors and Fiat Chrysler Automobiles have turned to investment banks for help to deal with a stand-off as FCA seeks to force a merger with its Detroit rival, sources familiar with the matter told Reuters....
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LARRY P. VELLEQUETTE

BLOG: Why FCA's merger quest will test loyalties

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

What does loyalty really mean to workers? If you're Fiat Chrysler and living amid a self-made swirl of morale-sapping merger rumors, it means that loyalty's very existence is about to be tested....
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NEAL E. BOUDETTE

BLOG: Kerkorian-Iacocca tag team hit Chrysler execs with a reality check

1:45 pm U.S. ET | June 16, 2015

Kirk Kerkorian took a run at Chrysler in 1995 when he launched an unsolicited $20 billion takeover bid. Perhaps even more astounding was whom he had teamed up with: Lee Iacocca....
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LARRY P. VELLEQUETTE

BLOG: Marchionne's merger mania: Why now?

5:34 am U.S. ET | June 16, 2015

There have been countless theories offered by analysts and in the press as to why Marchionne is on a quest to merge Fiat Chrysler with another automaker. Whatever the reason, it looks likely to benefit the Agnelli family that employs him....
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Cox-Dealertrack deal to create full-service dealer software powerhouse

7:42 am U.S. ET | June 15, 2015

Cox Automotive's $4 billion blockbuster acquisition of Dealertrack Technologies brings together software giants with complementary strengths and little product overlap, the CEOs of the two companies said today....
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GM-FCA merger speculation prompts restriction on analyst, report says

2:00 pm U.S. ET | June 13, 2015

Morgan Stanley restricted coverage of General Motors and Fiat Chrysler Automobiles NV by analyst Adam Jonas because GM, a longstanding advisory client, disclosed that FCA approached it about a merger, two people familiar with the matter told Bloomberg....
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Marchionne mulls 'Plan B' partners after GM rejection, report says

9:15 am U.S. ET | June 11, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne is looking at other automakers as merger candidates as the chances of striking a friendly deal with General Motors dwindle, people familiar with the matter told Bloomberg....
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Johnson Controls to explore spinoff of its auto business

8:13 am U.S. ET | June 10, 2015

Johnson Controls said it is "exploring strategic options" for its automotive business -- the first step in the possible sale or spinoff of its seating and interiors units. CEO Alex Molinaroli said the company “had no specific timetable for the completion of the strategic review, which includes a full range of strategic options for the automotive business.”...
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Visteon completes $3.6B sale of climate JV

4:50 pm U.S. ET | June 9, 2015

Visteon completed a $3.6 billion divestiture of its stake in the South Korean joint venture Halla Visteon Climate Control to Hankook Tire and private-equity firm Hahn & Co....
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GM CEO Barra says Marchionne sent email on possible merger with Fiat Chrysler

June 9, 2015 16:36 CET

General Motors CEO Mary Barra said Fiat Chrysler chief Sergio Marchionne sent her an email proposing a potential merger and that GM's board gave "strong support" to her strategy of going it alone....
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