Mergers - Acquisitions - Takeovers

Fiat says will not waive or raise payout cap in Chrysler merger

11:46 am U.S. ET | Aug. 12, 2014
Fiat will not call a shareholders' meeting to waive or raise the 500 million euro ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said today....
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Technology access, global scale to drive rise in supplier mergers, study finds

10:19 am U.S. ET | Aug. 8, 2014
Mergers, acquisitions and other deals in the auto supply chain are poised to increase this year for the first time since 2011 as companies seek new technology and enough heft to meet demand from automakers worldwide. The number of transactions in the segment should rise 13 percent to about 211 from 186 last year, a new study says....
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Norway's wealth fund voted against Fiat-Chrysler merger

Aug. 7, 2014 15:11 CET
Norway's sovereign wealth fund was the single largest shareholder to vote against Fiat's merger with Chrysler. The merger was approved at a shareholder meeting but could still fall apart if enough dissenting investors sell their shares for a cash compensation....
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CHRISTIAAN HETZNER

Audi's war chest could buy Fiat Chrysler

12:01 am U.S. ET | Aug. 7, 2014
If there is one thing that Audi's first-half results prove, it's that VW Group's premium brand earns so much cash it could easily swallow Fiat-Chrysler whole...
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Marchionne blames 'overreaction' for share selloff threatening Fiat Chrysler merger

Aug. 6, 2014 12:42 CET
Fiat CEO Sergio Marchionne blamed overblown press reports and a "lack of understanding" of the merger with Chrysler for a share selloff that threatens to blow the planned tie-up off course...
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2014 MANAGEMENT BRIEFING SEMINARS

Software is key to sizzling active safety market, Delphi exec says

3:57 pm U.S. ET | Aug. 6, 2014
The $14 billion global market for collision avoidance and driver assistance is expected to grow about 25 percent a year -- a growth rate that has established active safety as one of the auto industry's hottest segments....
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DAVID SEDGWICK

ZF-TRW talks mean industry megadeals are possible

3:44 pm U.S. ET | Aug. 6, 2014
Somehow, it always seems like a good time for mergers and acquisitions, at least as far as Wall Street is concerned. ZF’s proposed acquisition of TRW has put the entire industry on notice that mega-deals are possible....
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Fiat says reports over shareholders selling out are 'groundless'

Aug. 5, 2014 15:35 CET
Fiat said reports that a significant number of its shareholders have exercised their exit rights over the company's merger with Chrysler were unfounded. A shareholders exit could potentially jeopardize the merger....
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Fiat shares fall amid reports of Chinese probe, speculation on investors bailing

9:15 am U.S. ET | Aug. 5, 2014
LONDON/MILAN (Reuters) -- Shares in Fiat fell more than 4 percent today, with three traders citing a Chinese press report about a competition probe targeting the Chinese operations of Chrysler, the U.S. carmaker owned by Fiat.
...
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ZF explores steering unit sale as part of TRW deal, reports say

1:59 pm U.S. ET | Aug. 4, 2014
ZF Friedrichshafen is considering selling its steering business as part of its proposed acquisition of TRW Automotive Holdings Corp. to resolve expected antitrust issues, people familiar with the matter said today....
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Merger ends 'precarious life of Fiat'

12:01 am U.S. ET | Aug. 4, 2014
Fiat and Chrysler have officially entered a new era, with a new name, new corporate headquarters and, perhaps, a future free of the brushes with bankruptcy that have been part of both companies' recent history....
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Sonic exits Mich., looks elsewhere

12:01 am U.S. ET | Aug. 4, 2014
After divesting the last of its four stores in Michigan last month, Sonic Automotive Inc. plans to use the proceeds of the sales to buy more dealerships in other markets....
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Q&A

Magna Steyr hunts acquisitions that will add expertise

12:01 am U.S. ET | Aug. 4, 2014
To compete in the hotly contested market for engineering services, Austrian supplier Magna Steyr is heading in new directions. Karl-Friedrich Stracke, head of contract manufacturing and engineering at the unit of Magna International Inc., is betting on targeted acquisitions and growth in China....
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Fiat shareholders approve Chrysler merger

Aug. 1, 2014 08:08 CET
Fiat shareholders approved the automaker's merger with Chrysler in a move that seals the end of Fiat as an Italian company. The new company arising from the merger, Fiat Chrysler Automobiles will be incorporated under Dutch law, based in the UK and listed on the New York Stock Exchange....
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ZF supervisory board said to support TRW takeover talks

Aug. 1, 2014 11:02 CET
ZF's supervisory board has given its support to continuing negotiations to buy TRW Automotive, sources said....
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Fiat investors likely to approve Chrysler merger

July 31, 2014 06:01 CET
Fiat shareholders will likely approve the automaker's merger with Chrysler when they meet in Italy for the last time on Friday. Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger....
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Marchionne says he is open to new alliances but won't sell Alfa Romeo

July 30, 2014 17:10 CET
Fiat CEO Sergio Marchionne reiterated that Alfa Romeo will not be sold but said he remains open to forming alliances with other carmakers if it helped cut costs....
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Germany's ZF in advanced talks to buy TRW for near $12 billion, report says

1:22 pm U.S. ET | July 30, 2014
Germany's ZF Friedrichshafen AG is in advanced talks to acquire TRW Automotive for nearly $12 billion, in a deal that would create an automotive supply powerhouse, people familiar with the matter told Reuters today....
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GUIDO REINKING

Fiat would find a safe haven in VW

4:59 am U.S. ET | July 29, 2014
Reports that VW may buy Fiat-Chrysler sound improbable, but the idea has appeal. It would allow VW to overcome its weakness in North America and offer Fiat Chrysler a safe haven....
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TRW net income rises to $265 million in Q2

7:08 am U.S. ET | July 29, 2014
Automotive safety technology supplier TRW Automotive Holdings today said its second-quarter net income rose 7 percent to $265 million. Total revenue during the quarter rose 2 percent to $4.6 billion, the company said in a statement....
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Fiat investors advised to vote for Chrysler merger

July 28, 2014 11:26 CET
Proxy adviser Glass Lewis has recommended that Fiat investors vote for a merger with Chrysler despite concerns that the voting rights of Exor, Fiat's main shareholder, could potentially increase with a deal....
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Self-driving tech attracts ZF to TRW

12:01 am U.S. ET | July 28, 2014
Self-driving cars are years away, but their lure is prompting ZF Friedrichshafen AG, a German supplier of transmissions and other mainstream products, to consider buying TRW Automotive, said ZF's finance chief....
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ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014
The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own....
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Fiat and PSA dismiss latest tie-up report

July 24, 2014 21:15 CET
PSA/Peugeot-Citroen and Fiat Chrysler denied a report that the companies were preparing a merger to create the world's fifth-largest carmaker....
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Fiat and PSA dismiss latest tie-up report

3:15 pm U.S. ET | July 24, 2014
PSA/Peugeot-Citroen and Fiat Chrysler denied a report that the companies were preparing a merger to create the world's fifth-largest carmaker....
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