Mergers - Acquisitions - Takeovers

Group 1 buys U.K. dealership group, sells 3 U.S. stores

4:30 pm U.S. ET | Feb. 5, 2016

Group 1 Automotive has acquired the Spire Automotive Group of 12 dealerships in the Greater London area. It also has divested three dealerships in the U.S....
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Key Safety Systems to be acquired by Chinese conglomerate in $920 million deal

12:22 pm U.S. ET | Feb. 2, 2016

Airbag and seat belt supplier Key Safety Systems Inc. has agreed to be acquired by Chinese auto conglomerate Ningbo Joyson Electronic Corp. in a $920 million deal....
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Dow CEO Liveris agrees to exit after DuPont merger

3:49 pm U.S. ET | Feb. 2, 2016

Dow Chemical CEO Andrew Liveris will leave the company after the completion of its merger with DuPont Co., marking a victory for activist investor Dan Loeb, who had called for his removal....
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NEWS ANALYSIS: SERGIO'S BIG BET

What FCA stands to gain from outsourcing small and midsize sedans

12:01 am U.S. ET | Feb. 1, 2016

Fiat Chrysler Automobiles' risky strategy -- basically to get out of the commodity car business and focus on its most profitable products -- may be the best chance for FCA to overcome a perilous lack of resources and find the merger partner it craves....
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BorgWarner shrugs off its Wall Street beating

11:50 am U.S. ET | Feb. 1, 2016

BorgWarner is being punished by Wall Street. So far, though, CEO James Verrier isn't worried. The powertrain supplier has witnessed its share price plummet nearly 47 percent over 12 months....
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What is Carl Icahn's plan for Federal-Mogul?

9:19 am U.S. ET | Feb. 1, 2016

When Federal-Mogul this month scrapped its plan to split in two, it raised eyebrows because it came right after its largest shareholder agreed to acquire the auto parts chain Pep Boys-Manny Moe & Jack....
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HANS GREIMEL

BLOG: In Daihatsu deal, Toyota zigs while Detroit zags

11:14 am U.S. ET | Feb. 1, 2016

Toyota is zigging, while Detroit zags on a key strategy: How important are small cars and emerging markets to determining future winners and losers. Toyota placed its bet last week, agreeing to buy all of Daihatsu for a stronger foothold in both....
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JCI's spinoff must refocus to remain on top

12:01 am U.S. ET | Feb. 1, 2016

Just two years ago, Johnson Controls Inc. was a major automotive supplier, but it has been transformed by a series of deals that have split up its operations, leaving its interior parts business in a joint venture with a Chinese partner and making its seating unit an independent company. Its automotive battery division and building controls business will remain with a new Ireland-based company to be created in a proposed merger with Tyco International....
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Toyota will buy out rest of Daihatsu for $3 billion amid push into small cars

Jan. 29, 2016 12:03 CET

Toyota said it will buy out the rest of Daihatsu in a deal worth about $3 billion as part of its strategy to strengthen its push into small cars for emerging markets....
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Cox Automotive acquires stake in F&I company

1:16 pm U.S. ET | Jan. 28, 2016

Cox Automotive has acquired a minority interest in SilverRock Holdings, which owns three service-contract and insurance companies. The purchase will give dealers affiliated with GO Financial and NextGear Capital the ability to offer consumers extended service contracts, GAP and other insurance, as well as vehicle-theft recovery products....
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Lithia's DCH makes first acquisition

3:36 pm U.S. ET | Jan. 28, 2016

Lithia Motors completed the first purchase through its DCH Auto Group with the acquisition of Riverside Subaru in Riverside, Calif., the company said today....
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Lear reports record results for Q4, 2015 following acquisitions

10:52 am U.S. ET | Jan. 28, 2016

Seating and electronics supplier Lear said today it posted record core earnings in the fourth quarter as it continued to build on business generated from recent acquisitions....
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Toyota will decide on buying out rest of Daihatsu on Friday, report says

Jan. 28, 2016 11:56 CET

Toyota and Daihatsu will decide at board meetings on Friday if Toyota will make the minivehicle maker a wholly owned subsidiary, Reuters reported. Toyota already owns a 51.2 percent stake in the smaller automaker....
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ZF TRW signs office lease for global electronics business

3:23 pm U.S. ET | Jan. 27, 2016

ZF TRW plans to open its global electronics headquarters in suburban Detroit by the end of the second quarter following a lease of a 171,000-square-foot office building....
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Toyota considers Daihatsu buyout, denies Suzuki tie-up talks

Jan. 27, 2016 08:50 CET

Toyota said it was considering buying out the rest of minivehicle maker Daihatsu, a $3.2 billion deal at current market prices, but denied a report that it was in partnership talks with Daihatsu rival Suzuki....
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NEWS ANALYSIS

Johnson Controls' CEO brings his own scandal to Tyco

12:13 pm U.S. ET | Jan. 26, 2016

First came the affair. Then the Ponzi scheme. Now -- a $28.8 billion transaction involving two storied American corporations. It's been a remarkable run for JCI CEO Alex Molinaroli....
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Hillary Clinton calls Johnson Controls-Tyco inversion 'outrageous'

7:15 am U.S. ET | Jan. 26, 2016

Hillary Clinton called the planned inversion by Johnson Controls and Ireland-based Tyco "outrageous," and said as president she would block such moves using an "exit tax."...
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JCI merges with Tyco in tax-lowering maneuver

8:22 am U.S. ET | Jan. 25, 2016

Johnson Controls, already exiting the auto-industry’s supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International....
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ZF TRW sells fasteners unit for $450 million

12:24 pm U.S. ET | Jan. 25, 2016

Auto supplier Illinois Tool Works today said it agreed to pay $450 million for the engineered fasteners and components business of German automotive supplier ZF TRW....
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THE SUPPLIER SPEAKS

Yanfeng CEO Roters says supplier will prove itself as a global company

12:01 am U.S. ET | Jan. 25, 2016

Yanfeng Automotive Interiors, spawned when Johnson Controls packaged its interior trim unit into a joint venture with Yanfeng Automotive Trim Systems Co., is the world's biggest producer of instrument panels, door panels and consoles. It is determined to dominate the North American market....
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Johnson Controls negotiating a merger with Tyco, report says

3:54 pm U.S. ET | Jan. 24, 2016

Johnson Controls is discussing a merger with Tyco International that would combine the companies' building-control businesses, people familiar with the matter told Bloomberg....
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Federal-Mogul cancels spinoff of aftermarket division

5:05 pm U.S. ET | Jan. 15, 2016

Federal-Mogul, the diversified auto supplier and aftermarket parts maker controlled by investor Carl Icahn, said it will not spin off its Motorparts aftermarket parts division as it had planned....
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Johnson Controls to name seating and interiors spinoff company Adient

9:03 pm U.S. ET | Jan. 12, 2016

Johnson Controls today said its seating and interiors business that is being spun off into a separate company will be named Adient....
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2016 AUTOMOTIVE NEWS WORLD CONGRESS

Ghosn stands apart on consolidation, car sharing

9:45 pm U.S. ET | Jan. 12, 2016

The auto industry may be looking for more consolidation and new opportunities in car-sharing. Nissan CEO Carlos Ghosn's response? Not so fast....
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RICHARD JOHNSON

BLOG: For big U.S. dealer groups, another plea to buy into China

4:30 pm U.S. ET | Jan. 12, 2016

Global carmakers want the highly proficient U.S. public dealership groups to invest in China, and the publics simply aren't interested....
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