Mergers - Acquisitions - Takeovers
Renault-Nissan's savior Ghosn turns his attention to MitsubishiSat, 28, May 2016
Carlos Ghosn turned around Renault and Nissan in the late 1990s. Now he must work his magic on scandal-hit Mitsubishi after Nissan took a controlling stake in the smaller company.
Takata holds talks with possible buyers, report saysThu, 26, May 2016
Takata, the airbag maker facing billions in possible costs for the biggest recall in automotive history, is said to be in talks with potential buyers.
BMW invests in California-based mobile carpooling appWed, 25, May 2016
BMW said today its BMW iVentures venture capital arm has invested an undisclosed amount in California-based Scoop Technologies, which offers a smartphone-powered carpooling service called Scoop.
FCA has no deal to sell stake to China's GAC, Elkann saysWed, 25, May 2016
Fiat Chrysler Automobiles has not made any agreement with China's Guangzhou Automobile Group to sell a stake, the Italian carmaker's chairman John Elkann said today.
Mitsubishi names new r&d chief, restates earningsWed, 25, May 2016
Mitsubishi said Nissan executive Mitsuhiko Yamashita will become its r&d chief, part of a management overhaul in the wake of a fuel-economy scandal that also prompted the automaker to restate its annual earnings. Mitsubishi CEO Osamu Masuko will also be president, taking over the role from Tetsuro Aikawa, who will leave the company.
Nissan may sell Calsonic Kansei stake to help fund EV research, report saysTue, 24, May 2016
Nissan is mulling selling its 41 percent stake in supplier Calsonic Kansei to raise cash for research and development in electric cars and artificial intelligence, the Nikkei newspaper reported.
Nissan likely to send former tech chief to lead reform at Mitsubishi, report saysMon, 23, May 2016
Nissan, which plans to spend $2.2 billion on a one-third controlling stake in Mitsubishi Motors, aims to place its former global tech chief in charge of reform at its smaller rival, which is mired in a fuel economy data scandal, sources told Reuters.
Cruise Automation ex-partners settle dispute after GM dealThu, 19, May 2016
The two co-founders of Cruise Automation, the self-driving car startup acquired by General Motors for a reported $1 billion, settled their dispute and will dismiss their lawsuits against each other.
Nissan investment excites Mitsubishi's U.S. dealer council chairmanTue, 17, May 2016
The chairman of Mitsubishi Motors' U.S. national dealer council's advisory board said he sees new life for the brand after Nissan's $2.2 billion stake.
What's in it for Mitsubishi?Sun, 15, May 2016
Nissan and Mitsubishi believe there is mutual benefit in Nissan's move to take controlling interest in the smaller automaker. But for the U.S. market, the promise is not clear.
Nissan faces challenges with Mitsubishi but won't impose management, Ghosn saysFri, 13, May 2016
Nissan CEO Carlos Ghosn said restoring Mitsubishi's credibility with consumers will be his top challenge after the company announced plans to take a controlling stake in the smaller automaker. Nissan will not impose its management on Mitsubishi, Ghosn said.
Nissan move for Mitsubishi will be Ghosn's biggest testThu, 12, May 2016
Nissan's investment in Mitsubishi is a bold way of inoculating Nissan against the fallout from 25 years of false testing data at its smaller partner. The approach resembles the deal that enabled Renault to buy control of Nissan.