Mergers - Acquisitions - Takeovers

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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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Iron castings supplier Grede completes sale to private equity firm

1:58 pm U.S. ET | June 3, 2014
Grede Holdings, which supplies specialty iron castings to automakers, said it completed the sale of its operations to private equity firm American Securities LLC....
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Continental's Veyance deal is probed by German cartel office

May 26, 2014 14:39 CET
Germany's cartel office says it has launched a probe into Continental's planned takeover of U.S. rubber firm Veyance Technologies....
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Federal-Mogul takes aim at 'cheap' aftermarket parts from China

8:00 am U.S. ET | May 22, 2014
Federal-Mogul, saying its Champion spark plugs and other aftermarket parts are losing out to “cheap” products from China sold by big retail chains, is fighting back. The diversified parts supplier said today its aftermarket division will be renamed Federal-Mogul Motorparts. A crew of newly hired technicians will visit stores and service shops to tout the benefits of Wagner brake products, ANCO wiper blades and other components....
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Porsche may win VW options case despite 'slyness'

May 15, 2014 09:23 CET
Porsche SE may win a second victory in a legal battle with investors over its aborted takeover of Volkswagen Group after a judge said its actions were sly but not necessarily illegal....
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VW's Scania bid succeeds, clears way for truck alliance

May 13, 2014 15:23 CET
Volkswagen secured enough backing to move forward with a 6.7 billion euro ($9.2 billion) bid for Scania, removing the last major obstacle to a nearly decade-long effort to forge an integrated heavy-trucks unit....
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Chrysler posts $690 million Q1 net loss on merger costs

9:05 am U.S. ET | May 12, 2014
Chrysler Group reported a net loss of $690 million as it paid transaction costs associated with its completed merger with Fiat. The net loss was the first for Chrysler since the second quarter of 2011....
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