Mergers - Acquisitions - Takeovers

Pininfarina, Mahindra will resume sale talks in September, report says

July 28, 2015 16:43 CET

Talks on the sale of indebted car designer Pininfarina to India's Mahindra will resume after the summer after the parties failed to strike a deal in July, sources told Reuters....
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NEWS ANALYSIS

Chasing profits, JCI jumps out of seats

12:01 am U.S. ET | July 27, 2015

Johnson Controls' spinoff of its $22 billion seats-and-interiors unit, announced last week, underlines an uncomfortable truth for suppliers: Sometimes it's not enough to be No. 1. Seats don't generate the profits that they once did, and that's due to a new trend in purchasing....
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Zetsche says hacking concerns drive Mercedes bid for Nokia maps unit

July 23, 2015 12:17 CET

Daimler CEO Dieter Zetsche said a desire to have better control over data security is one of the reasons Mercedes is part of a German car-making consortium bidding for Nokia's high-definition mapping business....
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Nokia nears agreement with BMW, Audi, Mercedes on maps unit, report says

July 21, 2015 12:55 CET

Nokia is nearing an agreement to sell its maps business to BMW, Audi and Mercedes, with a decision possible as early as next week, sources said....
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Marchionne: There are believers, but critics miss the point

12:01 am U.S. ET | July 20, 2015

Not all auto executives have dismissed Sergio Marchionne's case for industry consolidation as a desperate ploy to preserve Fiat Chrysler Automobiles. Marchionne says critics are missing the point, “forgetting the fundamental premise of the pitch. The pitch was that there is a better way to run this business that benefits everybody.”...
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Fiat Chrysler exploring $3.3 billion sale of auto parts unit Magneti Marelli, report says

4:45 pm U.S. ET | July 17, 2015

Fiat Chrysler Automobiles is considering whether to sell its auto parts maker Magneti Marelli after receiving interest from potential buyers, sources familiar with the matter told Reuters. At least two private equity funds are looking to team up with industry players and submit joint bids for Magneti Marelli, which supplies all major carmakers in Europe, the Americas and Asia, three sources said....
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Autoliv agrees to buy M/A COM automotive tech unit for $100 million

6:58 am U.S. ET | July 17, 2015

Swedish auto safety products supplier Autoliv agreed to purchase the automotive unit of semiconductor provider M/A COM Technology Solutions for a base price of $100 million plus incentives and fees....
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Magna will buy Getrag for $1.9 billion to expand in transmissions

July 16, 2015 13:29 CET

Magna International, North America's biggest supplier, agreed to buy German manufacturer Getrag for 1.75 billion euros ($1.9 billion), gaining control of one of the largest independent producers of vehicle transmissions....
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Magna near deal to acquire German transmission maker Getrag, report says

2:30 pm U.S. ET | July 15, 2015

Magna International is nearing an agreement to buy Getrag, one of the largest independent makers of transmissions. A deal could be announced as soon as this week, Bloomberg reported, citing unidentified people familiar with the talks....
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Marchionne drops GM merger quest, report says

July 15, 2015 12:16 CET

Fiat Chrysler CEO Sergio Marchionne does not plan to make another offer to merge with General Motors after being rejected by its U.S. rival four months ago, the New York Times quoted him as saying....
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BorgWarner to buy electric, hybrid motor maker Remy for $950 million

8:50 am U.S. ET | July 13, 2015

BorgWarner said today it agreed to buy Remy for about $950 million to help compete in the fast-growing market for electric and hybrid vehicles. The deal's total enterprise value is $1.2 billion....
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DOUGLAS A. BOLDUC

BLOG: Interiors sector will get smaller, but not too small

12:01 am U.S. ET | July 9, 2015

Grupo Antolin's planned purchase of most of Magna's interiors operations and JCI's possible sale of its seating business are just the beginning of the upheaval in the automotive interiors world. The sector, however, will remain competitive, an expert with vast M&A experience said....
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Quality Metalcraft acquired by private equity firm

2:34 pm U.S. ET | July 7, 2015

Automotive metal components and assemblies supplier Quality Metalcraft was acquired last month by private equity firm The Watermill Group LLC....
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J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators....
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Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015

Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna International Inc., people with knowledge of the matter told Bloomberg....
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RICHARD TRUETT

BLOG: The (technology) pluses and minuses of a GM-FCA deal

11:15 am U.S. ET | June 30, 2015

GM and FCA could benefit from each other's technology. Instead of a full-blown merger, maybe some small side-deals is all Sergio needs....
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Bain Capital completes buyout of TI Automotive

4:15 pm U.S. ET | June 30, 2015

TI Automotive said its sale to private equity firm Bain Capital LLC has been completed. Terms of the sale were not disclosed in a statement today....
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Fiat Chrysler's Jeep delay highlights challenges to a potential merger

June 29, 2015 10:50 CET

The chief of Fiat Chrysler Automobiles' Jeep brand, Mike Manley, says a redesign of its Grand Cherokee SUV will be delayed by at least a year, intensifying the challenges FCA CEO Sergio Marchionne faces in his quest for a partner....
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NEWS ANALYSIS

Why talk of GM-FCA tie-up just won't die

12:01 am U.S. ET | June 29, 2015

Few auto industry pundits seem to be taking Sergio Marchionne's awkwardly public pursuit of a merger with General Motors very seriously. And yet, there must be some reason why the idea keeps resurfacing. This is at least the third time in the past eight years that executives have kicked the tires on a GM-Chrysler combination....
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JASON STEIN

Is Marchionne right? Let's find out

12:01 am U.S. ET | June 29, 2015

We were fascinated a few weeks ago when FCA boss Sergio Marchionne made his now-famous PowerPoint presentation to the analyst community. Whatever his motivation, we have decided to take Marchionne seriously....
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Mahindra's offer for Pininfarina rejected by creditors, paper says

June 27, 2015 18:11 CET

An offer by India's Mahindra & Mahindra to take over Pininfarina has fallen through due to opposition from some of the Italian car design company's creditor banks, an Italian newspaper said....
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Fiat Chrysler could win merger partner with Alfa Romeo revival

June 23, 2015 16:10 CET

The Alfa Romeo Giulia will be the lynchpin of the brand's turnaround plan and potentially an opportunity to attract a cash-rich merger partner for Alfa parent Fiat Chrysler Automobiles....
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Kirk, Lee and the one that got away

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

When billionaire investor Kirk Kerkorian set his sights on acquiring Chrysler 20 years ago this summer, he effectively pushed the automaker into its tie-up with Daimler three years later....
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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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