Mergers - Acquisitions - Takeovers

Bosch acquires U.S. electric car battery developer Seeo

9:43 am U.S. ET | Aug. 28, 2015

German auto supplier Robert Bosch has bought Seeo, a California-based company that has developed next-generation lithium-ion batteries that could double the range of electric cars....
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ZF says TRW integration on track, sees stable profits despite China slowdown

Aug. 27, 2015 13:01 CET

ZF Friedrichshafen said the integration of rival TRW is progressing well and it expected full-year sales and profits to remain stable despite a slowing Chinese economy. Unlisted ZF released its first-half results for the first time in its history....
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AutoCanada acquires Chevrolet dealership in B.C.

7:30 am U.S. ET | Aug. 24, 2015

AutoCanada, one of Canada's biggest dealership groups, received approval from GM to purchase an 80 percent stake in Don Folk Chevrolet, a dealership in Kelowna, British Columbia....
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EDITORIAL

Is a merger the way to go? Automakers better know history

12:01 am U.S. ET | Aug. 24, 2015

Every auto merger is difficult. Every one is unique. Automotive News' Industry on Trial series demonstrates that many mergers flop or fall short of expectations. But it also shows that other some companies have found ways to make mergers or alliances succeed....
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JESSE SNYDER

M&A fever's hefty toll on talent

12:01 am U.S. ET | Aug. 24, 2015

Throughout Automotive News' Industry on Trial series, we've looked at wasted capital, duplicated engineering and how economies of scale drive the urge to merge. Let's set aside the corporate chessboard to focus on people....
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Dealertrack to sell inventory-management business to clear way for Cox merger

9:15 am U.S. ET | Aug. 20, 2015

Dealertrack Technologies has moved to clear a regulatory impediment to its merger with Cox Automotive by agreeing to sell its inventory-management software business to DealerSocket for $55 million in cash....
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Autoliv says M/A-COM unit acquisition will beef up automated-driving tech

11:00 am U.S. ET | Aug. 19, 2015

Automotive safety systems supplier Autoliv Inc. said it completed the acquisition of the automotive unit of M/A-COM Technology Solutions Holdings Inc....
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AutoNation adds 16 stores, makes biggest purchase since 2001

8:15 am U.S. ET | Aug. 18, 2015

AutoNation, the largest U.S. dealership group, has agreed to buy 16 stores representing more than $600 million in annual revenue, including its biggest single dealership purchase since 2001....
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Lear buys technology from California automotive app developer

3:34 pm U.S. ET | Aug. 17, 2015

Lear said today it has acquired the intellectual property and technology of Autonet Mobile, a software and device developer of automotive applications in California....
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Germany's Mann + Hummel will buy U.S. peer Affinia's auto filter unit

Aug. 17, 2015 10:42 CET

German industrial filter maker Mann + Hummel has agreed to buy U.S. peer Affinia to boost its annual sales by $1 billion, or by more than a third, and gain access to the U.S. market for heavy-duty and hydraulic filters....
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Auto parts M&A value seen reaching record $48 billion this year

7:26 am U.S. ET | Aug. 12, 2015

Auto-supplier deal value will rise to a record this year as parts makers seek size and skills to meet demand for software that powers autonomous driving and hardware that boosts fuel efficiency, PricewaterhouseCoopers said....
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CDK Global exploring sale to private equity firms, report says

4:52 pm U.S. ET | Aug. 11, 2015

CDK Global, one of the two dominant providers of dealer management system software used by auto retailers to help run their stores, is meeting with private equity firms to gauge their interest in buying the company, people with knowledge of the matter told Bloomberg....
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LETTER TO THE EDITOR

Consolidation is not the only answer

12:01 am U.S. ET | Aug. 10, 2015

"Confession's of a Capital Junkie" presented the burning platform of capital inefficiency in a compelling way but did not draw a logical conclusion. It jumped to the simple idea of industry consolidation as the only answer....
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Magna's Q2 earnings rise despite strong U.S. dollar

6:27 am U.S. ET | Aug. 7, 2015

Canadian auto supplier Magna International reported higher profits in the second quarter as increased vehicle production in North America offset the impact of a strong U.S. dollar....
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Lear targets acquisitions to enhance electrical unit

2:49 pm U.S. ET | Aug. 6, 2015

Lear is looking for acquisitions of as much as $1 billion for its electrical unit as automakers' demand for global vehicle platforms drives consolidation among their suppliers....
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Go big or go home: Supplier mergers accelerate

11:00 am U.S. ET | Aug. 5, 2015

It's a banner year for mergers and acquisitions. In the first six months of the year, the world's automotive suppliers have spent $28 billion to buy other companies - more than in all of last year, when M&A deals totaled $20 billion....
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BRADFORD WERNLE

BLOG: Sergio is right, but industry avoids consolidation

2:07 pm U.S. ET | Aug. 5, 2015

Fiat Chrysler CEO Sergio Marchionne set the industry on its ear recently when he said it has a dangerous problem: a chronic addiction to burning capital at an unsustainable rate....
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Acquisitions make Mahle a major player

11:00 am U.S. ET | Aug. 4, 2015

Just two years after German powertrain systems supplier Mahle GmbH acquired a majority stake in climate control specialist Behr Group, Mahle has agreed to acquire Delphi Automotive's thermal division. With the move, Mahle further consolidates its position as a leader in the thermal systems segment....
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GABE NELSON

BLOG: HERE acquisition shows maps are the new oil

4:31 pm U.S. ET | Aug. 3, 2015

High-quality digital maps, which will play a crucial role in the connected, automated cars of the future, have basically become a critical resource to the auto industry -- the new oil....
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JCI exec says seating and interiors business is healthy

12:05 pm U.S. ET | Aug. 3, 2015

The executive who is orchestrating the spin-off of Johnson Controls' $22 billion seats-and-interiors unit has a straightforward message for customers: steady as she goes....
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DAVID SEDGWICK

BLOG: Why Conti has the inside track on automated maps

12:46 pm U.S. ET | Aug. 3, 2015

Now that Mercedes, BMW and Audi are buying Nokia's HERE navigation map unit for $3.1 billion, the big winner could be Continental AG....
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BMW, Audi and Daimler open to other investors in map consortium, report says

Aug. 3, 2015 17:12 CET

BMW, Audi and Daimler plan to invite other investors to join the mapping consortium they have forged to compete with Google, Bloomberg reported. Talks have been held with other automakers including GM, according to the report....
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BMW, Audi, Daimler will boost self-driving push with Nokia maps acquisition

Aug. 3, 2015 08:05 CET

BMW, Audi and Daimler will buy Nokia's digital-map unit for 2.8 billion euros ($3.1 billion) in a push to extend the reach of automakers into digital services for self-driving cars....
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Pininfarina hopes to agree sale to Mahindra but drafts stand-alone business plan

July 31, 2015 11:29 CET

Pininfarina is still hoping to clinch a sale to Indian automaker Mahindra and Mahindra but has begun drafting a stand-alone business plan as its financial position worsens....
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Delphi will buy UK cabling company to boost connectivity business

July 30, 2015 11:29 CET

Delphi will buy the UK cabling company HellermannTyton Group to capitalize on growing demand for cars that connect to the Internet, mobile phones and other devices....
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