Mergers - Acquisitions - Takeovers

Consolidation is key? How to explain Nissan?

12:01 am U.S. ET | June 22, 2015

If synergies deriving from automotive partnerships are so great - as Fiat Chrysler boss Sergio Marchionne posits - why is Nissan's return on capital so poor? That's the question asked by Deutsche Securities analyst Kurt Sanger....
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Daimler sells 15 German Mercedes dealerships to Chinese investor

June 19, 2015 17:03 CET

Daimler said it is selling 15 Mercedes-Benz dealerships in eastern Germany to a unit of China's Lei Shing Hong Group in a bid to lift profitability....
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Porsche buys Kuka machine tool unit to enhance lightweight production

June 19, 2015 17:24 CET

Porsche has bought the machine tool unit of industrial robot maker Kuka to enhance production of sports cars amid a growing use of lightweight materials. The transaction may cost Porsche between 10 million euros ($11.34 million) and 25 million euros....
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GM asking advisors for help rekindles FCA merger talk

2:12 pm U.S. ET | June 18, 2015

General Motors seeking advice from investment banks shows it is taking an attempt by Fiat Chrysler Automobiles to force a merger with its larger U.S. rival seriously, analysts and traders said....
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NEWS ANALYSIS

FCA's long-odds GM pursuit hangs on Marchionne's deal record

2:20 pm U.S. ET | June 18, 2015

Moves by Fiat Chrysler Automobiles to force General Motors into a merger might have been laughed out of court by now, had its CEO been anyone other than Sergio Marchionne....
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GM and FCA line up financial advisers in merger standoff, report says

6:30 am U.S. ET | June 18, 2015

General Motors and Fiat Chrysler Automobiles have turned to investment banks for help to deal with a stand-off as FCA seeks to force a merger with its Detroit rival, sources familiar with the matter told Reuters....
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LARRY P. VELLEQUETTE

BLOG: Why FCA's merger quest will test loyalties

12:01 am U.S. ET | June 17, 2015

What does loyalty really mean to workers? If you're Fiat Chrysler and living amid a self-made swirl of morale-sapping merger rumors, it means that loyalty's very existence is about to be tested....
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NEAL E. BOUDETTE

BLOG: Kerkorian-Iacocca tag team hit Chrysler execs with a reality check

1:45 pm U.S. ET | June 16, 2015

Kirk Kerkorian took a run at Chrysler in 1995 when he launched an unsolicited $20 billion takeover bid. Perhaps even more astounding was whom he had teamed up with: Lee Iacocca....
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LARRY P. VELLEQUETTE

BLOG: Marchionne's merger mania: Why now?

5:34 am U.S. ET | June 16, 2015

There have been countless theories offered by analysts and in the press as to why Marchionne is on a quest to merge Fiat Chrysler with another automaker. Whatever the reason, it looks likely to benefit the Agnelli family that employs him....
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Cox-Dealertrack deal to create full-service dealer software powerhouse

7:42 am U.S. ET | June 15, 2015

Cox Automotive's $4 billion blockbuster acquisition of Dealertrack Technologies brings together software giants with complementary strengths and little product overlap, the CEOs of the two companies said today....
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GM-FCA merger speculation prompts restriction on analyst, report says

2:00 pm U.S. ET | June 13, 2015

Morgan Stanley restricted coverage of General Motors and Fiat Chrysler Automobiles NV by analyst Adam Jonas because GM, a longstanding advisory client, disclosed that FCA approached it about a merger, two people familiar with the matter told Bloomberg....
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Marchionne mulls 'Plan B' partners after GM rejection, report says

9:15 am U.S. ET | June 11, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne is looking at other automakers as merger candidates as the chances of striking a friendly deal with General Motors dwindle, people familiar with the matter told Bloomberg....
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Johnson Controls to explore spinoff of its auto business

8:13 am U.S. ET | June 10, 2015

Johnson Controls said it is "exploring strategic options" for its automotive business -- the first step in the possible sale or spinoff of its seating and interiors units. CEO Alex Molinaroli said the company “had no specific timetable for the completion of the strategic review, which includes a full range of strategic options for the automotive business.”...
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Visteon completes $3.6B sale of climate JV

4:50 pm U.S. ET | June 9, 2015

Visteon completed a $3.6 billion divestiture of its stake in the South Korean joint venture Halla Visteon Climate Control to Hankook Tire and private-equity firm Hahn & Co....
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GM CEO Barra says Marchionne sent email on possible merger with Fiat Chrysler

June 9, 2015 16:36 CET

General Motors CEO Mary Barra said Fiat Chrysler chief Sergio Marchionne sent her an email proposing a potential merger and that GM's board gave "strong support" to her strategy of going it alone....
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Marchionne asks investors for help persuading GM to merge with Fiat Chrysler, report says

June 9, 2015 09:01 CET

Fiat Chrysler Automobiles CEO Sergio Marchionne is reaching out to hedge funds and activist investors to help persuade General Motors to agree to a merger, the Wall Street Journal reported, citing people familiar with the matter....
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WHERE ARE THE DEALS?

Dealership M&A market cools following Soros buzz

12:01 am U.S. ET | June 8, 2015

When representatives of Wall Street financier George Soros told dealers this January at the National Automobile Dealers Association convention that the billionaire's family fund wanted to buy dealerships, it prompted a flurry of speculation that private-equity money and wealthy families' funds would open their fat wallets and inflate buy-sell prices. But so far, deals aren't getting done....
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NEWS ANALYSIS

Marchionne fights industry's history of failed mergers

11:32 am U.S. ET | June 5, 2015

As he presses rivals to merge with Fiat Chrysler Automobiles, Sergio Marchionne faces a fact his counterparts at General Motors and Ford know all too well: auto mergers and alliances fail at least as often as they succeed. Among the duds are DaimlerChrysler, GM's ill-fated tie-up with Fiat, and Ford's rollup of Volvo, Jaguar, Land Rover and Aston Martin....
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Fiat Chrysler delays many future vehicle programs

4:58 am U.S. ET | June 2, 2015

Fiat Chrysler has in the past year delayed the redesign or release of at least a dozen current or new vehicles in North America including the Ram 1500 and the Jeep Wrangler, suppliers familiar with the company's plans told Reuters....
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Fiat Chrysler Chairman Elkann confirms Marchionne sent merger email to GM

May 29, 2015 14:45 CET

Fiat Chrysler Chairman John Elkann confirmed that CEO Sergio Marchionne sent an email to GM about a possible tie-up. Elkann said discussions had taken place with other players as well....
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Harman acquires Bang & Olufsen Automotive

4:13 pm U.S. ET | May 29, 2015

Harman Industrial Industries, a supplier of infotainment, audio and software services, said today it has completed the $156 million acquisition of Bang & Olufsen Automotive, a supplier of audio products to luxury automakers....
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DAVE GUILFORD

BLOG: Sergio's merger talk could mean more heartburn for FCA workers

1:29 pm U.S. ET | May 28, 2015

Reaction to Sergio Marchionne's campaign to spur mergers has focused on other automakers, who seem notably unenthused, at least in public. But I wonder about the reaction in Marchionne's own house, Fiat Chrysler....
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Opel CEO rules out deal with Fiat

May 28, 2015 12:52 CET

Opel CEO Karl-Thomas Neumann has ruled out a deal with Fiat after its CEO Sergio Marchionne suggested carmakers need to consolidate to cut costs. Neumann also said it was a "big mistake" for Opel to search for scale with PSA/Peugeot-Citroen and not within GM....
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Marchionne sees industry merger by 2018

7:10 am U.S. ET | May 28, 2015

FCA CEO Sergio Marchionne is convinced a merger in the auto industry will happen before 2018, he said during a visit to the carmaker's Melfi plant in southern Italy....
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GM president rebuffs Marchionne's merger talk

May 26, 2015 17:10 CET

General Motors sees no need to merge with another automaker to maintain profitability, the company's president, Dan Ammann, said. Ammann was commenting after a report said Fiat Chrysler Automobiles CEO Sergio Marchionne had sent an email to General Motors CEO Mary Barra suggesting combining the automakers....
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