Mergers - Acquisitions - Takeovers

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ex-Opel CEO Stracke eyes acquisitions to boost Magna Steyr's engineering unit

July 11, 2014 06:01 CET
Karl-Friedrich Stracke, Magna Steyr's head of vehicle technology and engineering, is betting on acquisitions in China. The supplier is watching the M&A market very closely, Stracke said in an interview....
Read More »

 

TRW attracts takeover offer from ZF Friedrichshafen, report says

10:56 am U.S. ET | July 10, 2014
TRW Automotive, the world's biggest car-safety equipment supplier, has received a preliminary takeover approach from Germany's ZF Friedrichshafen AG, people with knowledge of the matter told Bloomberg. If completed, it would be the largest auto supplier takeover in seven years....
Read More »

 

Agnellis may tighten grip on Fiat after Chrysler merger

July 8, 2014 11:43 CET
Fiat's founding Agnelli family may see its voting rights rise to 46 percent as part of a scheme to reward long-term investors after a merger with Chrysler and a listing in New York, a U.S. regulatory filing showed....
Read More »

 

Fiat calls Aug. 1 shareholder meeting to approve Chrysler merger

July 3, 2014 12:40 CET
Fiat has called a shareholder meeting on Aug. 1 to approve its merger with Chrysler, potentially clearing the way for the new company to be listed in New York as planned before the end of this year....
Read More »

 

Thierry Peugeot to leave PSA board after voicing dissent over capital tie-up with China's Dongfeng

July 3, 2014 18:53 CET
PSA/Peugeot-Citroen's deputy chairman, Thierry Peugeot, was forced out after voicing public dissent over the automaker's tie-up with Dongfeng that he had unsuccessfully opposed....
Read More »

 

VW denies rumors of planned takeover bid for U.S. truckmaker Paccar

July 3, 2014 11:33 CET
Volkswagen says it is not interested in bidding for U.S. truckmaker Paccar, rejecting comments made by Daimler's commercial vehicle chief Wolfgang Bernhard....
Read More »

 

Twin Cities Automotive renamed Carousel Motor Group

3:54 pm U.S. ET | July 2, 2014
Twin Cities Automotive, a dealership group owned by Pohlad Companies, has changed its name to Carousel Motor Group....
Read More »

 

Fiat Chrysler shareholders to vote on merger in early August

June 30, 2014 17:01 CET
Fiat Chrysler shareholders will meet early August to vote on the merger between the Italian carmaker and its U.S. unit, CEO Sergio Marchionne said on the sidelines of an event in Turin....
Read More »

 

Cooper-Standard to sell thermal and emissions business to Visteon unit for $46 million

11:23 am U.S. ET | June 30, 2014
Cooper-Standard Automotive has agreed to sell its thermal and emissions product line to Halla Visteon Climate Control in a transaction valued at $46 million....
Read More »

 

Fiat Chrysler, Marchionne prepare to sell Wall Street on 'Cinderella' story

3:34 pm U.S. ET | June 27, 2014
Sergio Marchionne needs a New York stock market listing to bring in the investors required to fund future growth at Fiat Chrysler, but a lukewarm response to the CEO's most recent Wall Street launch suggests he has a bumpy journey ahead....
Read More »

 

Renault-Nissan completes deal to take control of AvtoVAZ

June 27, 2014 12:10 CET
Renault-Nissan has completed a deal to take control of Russia's largest automaker, AvtoVAZ, Renault said today. The alliance now has a 67.1 percent stake in the holding company that controls AvtoVAZ....
Read More »

 

Group 1 sues Florida dealership over buy-sell dispute

3:54 pm U.S. ET | June 26, 2014
Group 1 Automotive thought it had a done deal to buy an Audi store in North Miami Beach from Prestige Motor Car Imports for $72 million. But Prestige said no. Now Group 1 is suing the luxury-import retailer to complete the transaction....
Read More »

 

Michigan's Suburban Collection acquires 2 Cadillac dealerships in state

3:11 pm U.S. ET | June 24, 2014
The Suburban Collection has acquired two Michigan dealerships -- Don Massey Cadillac in Plymouth and Capitol Cadillac in Lansing -- from Charlotte, N.C.-based Sonic Automotive Inc. for an undisclosed amount....
Read More »

 

The DCH deal: How Lithia will absorb its new asset

12:01 am U.S. ET | June 23, 2014
CEO Bryan DeBoer will transform Lithia Motors Inc., the smallest of the publicly traded dealership groups, with his planned purchase of DCH Auto Group Ltd. But it won't be easy....
Read More »

 

New era afoot for dealership M&As?

12:01 am U.S. ET | June 23, 2014
Lithia's purchase of DCH Auto Group will have major implications on the buy-sell market going forward. It could spark more activity, perhaps prompting bigger dealership groups to buy other large groups....
Read More »

 

TI Automotive plans debt-fueled dividend for hedge fund owners, report says

8:20 am U.S. ET | June 21, 2014
TI Automotive’s hedge fund owners that include Oaktree Capital Group LLC will reap a $435 million dividend by saddling the longtime auto supplier with more debt for the second time in two years....
Read More »

 

Preh acquires European assembly line design firm

12:24 pm U.S. ET | June 20, 2014
Automotive assembly line designer Preh said it has agreed to acquire IMA Automation Amberg from Switzerland’s Feintool International Holding AG....
Read More »

 

Marchionne uses Chrysler's 'human-interest' story to woo U.S. investors

June 20, 2014 06:01 CET
Fiat Chrysler CEO Sergio Marchionne says he will use the “human-interest” angle of Chrysler's rebound from bankruptcy to help Fiat Chrysler appeal to U.S. investors ahead of a listing there later this year....
Read More »

 

Marchionne pitches Chrysler's 'Cinderella' story to U.S. investors

10:44 pm U.S. ET | June 19, 2014
Fiat Chrysler CEO Sergio Marchionne said he's pulling out all the stops to build investor interest ahead of a listing in the United States later this year following the completion of Fiat's merger with Chrysler....
Read More »

 

Tokai Rubber changes name to Sumitomo Riko in push for overseas growth

2:28 pm U.S. ET | June 19, 2014
Tokai Rubber Industries, a supplier of rubber anti-vibration parts and hoses, will change its name to Sumitomo Riko. to better leverage brand recognition from its being a part of Japan's Sumitomo Group....
Read More »

 

Wall Street applauds Lithia-DCH deal

4:19 pm U.S. ET | June 16, 2014
Lithia Motors' plans to buy DCH Auto Group were greeted with cheers in the stock market today as publicly traded Lithia's share price jumped 13 percent, or $9.85, to close at an all-time high of $86.53....
Read More »

 

Lithia agrees to buy DCH to create coast-to-coast retail giant

11:37 am U.S. ET | June 15, 2014
Lithia Motors agreed to buy New Jersey-based DCH Auto Group in a combination that would create the fifth-largest auto retailer in the United States with 128 stores. Lithia, in a statement on Sunday, said it would pay about $340 million in cash and another $22.5 million in stock. The transaction is expected to close in the fourth quarter....
Read More »

 

Fiat board authorizes $5.4B bond sale to refinance debt, approves Chrysler merger

2:49 pm U.S. ET | June 15, 2014
Fiat's board authorized the carmaker to raise as much as $5.4 billion by issuing new bonds, giving the company flexibility to refinance debt as it implements its merger with Chrysler....
Read More »

 

Denso acquires majority stake in diagnostics, telematics firm

1:19 pm U.S. ET | June 6, 2014
Denso International America acquired a majority stake in Pennsylvania vehicle diagnostics and telematics company Ease Simulation....
Read More »

 

AutoNation retail sales rise 15% for best-selling May since 2006

11:45 am U.S. ET | June 4, 2014
AutoNation said its new-vehicle retail sales jumped 15 percent in May from the year-earlier month to 30,275 units, the company’s best-selling May since 2006....
Read More »

 

Latest digital edition
Digital Edition Archive
Table of Contents
 Automotive News
News by Brand


Rocket Fuel