Grammer CEO Hartmut Mueller has urged the supplier's shareholders to back Ningbo Jifeng's takeover offer as a Bosnia-backed investor group opposed the move and forced a halt to the German company's annual meeting.
Grammer is in talks over a deal that would allow its takeover by Jifeng Auto, a former "white knight" that helped to defend the German seat maker against aggressive intervention by the Bosnian billionaire Hastor family.
Nissan CEO Hiroto Saikawa dismisses reports that his Japanese carmaker is hammering out full integration with longtime alliance partner Renault, saying "There is no fact to the effect that we are negotiating any merger."
Former Chrysler President Tom Stallkamp was a firsthand witness to the 1998 grouping of Daimler-Benz and Chrysler — and was the first victim of the "merger of equals." Today, he says DaimlerChrysler was neither a merger nor equitable.
UK Business Minister Greg Clark said there were no national security grounds to intervene in turnaround specialist Melrose's takeover of British engineering company GKN, giving the deal the green light from government.
Sergio Marchionne spent the last 14 years transforming Fiat Chrysler through a series of spinoffs and mergers from a near-bankrupt Italian conglomerate into a top-performing automaker. His pending exit may open the door for the next big deal.
After a long and sometimes checkered history of navigating asbestos litigation and bankruptcy, and struggling to regain profitability, longtime auto supplier Federal-Mogul is slated to be acquired by Tenneco in a deal valued at $5.4 billion.
Global parts makers know they have to deliver the technologies that will make vehicles drive themselves and talk to each other in traffic. To get that job done, some supplier giants are splitting in two.