Mergers - Acquisitions - Takeovers
Federal-Mogul posts Q3 gains as Icahn offer remains pendingWed, 26, Oct 2016
Federal-Mogul the diversified auto supplier that billionaire investor Carl Icahn is aiming to take private, today said it posted $15 million in third-quarter net income, up from a $63 million loss a year earlier.
Asbury plans to sell 4 stores in ArkansasTue, 25, Oct 2016
Asbury is getting out of Arkansas, a market which has underperformed for the company. The retailer is working on a deal to buy dealerships elsewhere that would be more profitable.
Reynolds invests in online used-car trade networkMon, 24, Oct 2016
Dealership software giant Reynolds and Reynolds has taken a minority, yet “significant” stake in the Appraisal Lane, a startup online used-car trade network.
Hachigo: Honda is just fine on its ownSun, 23, Oct 2016
Suddenly, Honda looks like the odd man in Japan. Toyota just added Suzuki to its growing stable of partners, and Nissan is poised to take control of Mitsubishi. Meanwhile, Honda is left by its lonesome in the face of industry consolidation.
Lithia, Group 1 return to the buy-sell arenaMon, 24, Oct 2016
Lithia Motors and Group 1 Automotive are back on the prowl for dealerships.
Nissan takes control of Mitsubishi with Ghosn as chairmanThu, 20, Oct 2016
Carlos Ghosn officially folded troubled Mitsubishi into the Renault-Nissan alliance and put himself at the helm, with expectations for hundreds of millions of dollars in savings as his group joins an exclusive club of automakers operating at a massive scale.
Ghosn set to add Mitsubishi chairman role, reports sayWed, 19, Oct 2016
Renault-Nissan CEO Carlos Ghosn is set to become chairman of Mitsubishi Motors when Nissan takes a controlling stake in the smaller automaker, reports said. Ghosn, 62, has asked Mitsubishi Chairman Osamu Masuko to remain president, one report said.
Toyota lures another partner into its orbitMon, 17, Oct 2016
Toyota and Suzuki say they will consider partnering. But behind the scenes before last week’s announcement, two scions pondered their changing worlds.
Bosch's starter motors unit attracts private equity, Chinese interest, report saysThu, 13, Oct 2016
Robert Bosch has attracted interest from private equity firms as well as Chinese groups for its starter motor and generator business, Reuters reported, citing people close to the matter.
Tesla to provide plans for combined company before SolarCity merger voteWed, 12, Oct 2016
Tesla said today it will provide strategic and product plans for a combined company of the electric automaker and SolarCity Corp. ahead of a Nov. 17 merger vote by shareholders of both companies.
Transamerican Auto Parts to be acquired by PolarisWed, 12, Oct 2016
All-terrain vehicle maker Polaris Industries Inc. said today it would buy off-road SUV accessories maker Transamerican Auto Parts for about $665 million.
GM sets sights on China car sharing with new ventureTue, 11, Oct 2016
General Motors aims to expand its car sharing business through a new tie-up with a Chinese technology company to explore new mobility in the world's biggest car market.