Mergers - Acquisitions - Takeovers

Autobytel acquires rival Dealix for $25 million

4:00 pm U.S. ET | May 21, 2015

Autobytel, one of the largest providers of sales leads to auto dealers, has purchased longtime rival Dealix for $25 million in cash. The deal brings together two of the most-prominent providers of leads, which are vehicle-buying prospects who want to be contacted by a dealer. They typically cost dealers $20 a piece....
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German carmakers team up with private equity firm to bid for Nokia map unit, report says

May 21, 2015 16:48 CET

Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to raise their chances of clinching Nokia's map unit HERE, a report said. Automakers use HERE's maps in vehicle navigation systems and are counting on them to provide crucial context for upcoming collision-detection systems....
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Continental to buy Elektrobit auto unit in bid to boost autonomous tech

May 19, 2015 11:07 CET

Continental will buy the automotive business of Finnish software and hardware company Elektrobit Oyj for 600 million euros ($680 million) as the German company seeks to strengthen its position in automated driving technology....
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What drew Mazda, Toyota together?

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

Akio Toyoda and Masamichi Kogai sounded more like lovebirds than CEOs when they announced a shared vision for wide-ranging Toyota-Mazda cooperation. Yet it is still unclear what that vision is and how it will play out in joint projects....
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Penske seeks $1 billion for truck parts unit, report says

3:38 pm U.S. ET | May 15, 2015

Roger Penske's holding company is exploring a sale of Truck-Lite in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, people familiar with the matter told Reuters....
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Icahn invests $100 million in Lyft as Uber rivalry grows

11:51 am U.S. ET | May 15, 2015

Lyft raised an additional $150 million, led by an investment of $100 million from Carl Icahn's investment company, raising the stakes in the car-hailing service's rivalry with Uber Technologies....
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ZF completes $12.4 billion acquisition of TRW

10:26 am U.S. ET | May 15, 2015

German auto supplier ZF Friedrichshafen AG said today that it has completed its $12.4 billion acquisition of safety systems supplier TRW Automotive Holdings....
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Marchionne reiterates call for consolidation

6:21 am U.S. ET | May 11, 2015

Sergio Marchionne said he hasn't given up on his quest to push the auto industry to increase its profitability, even though carmakers are enjoying some of their best sales ever....
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How Tesla sent penny stock soaring 4,400%

12:48 pm U.S. ET | May 8, 2015

Market regulators halted trading on a penny stock from defunct Riviera Tool Company that was incorrectly linked to the Tesla Motors acquisition of Riviera Tool LLC....
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De Tomaso brand sale leaves Italian factory's future uncertain

May 7, 2015 15:24 CET

The sale of iconic Italian sports car brand De Tomaso to Hong Kong investment fund Ideal Team Ventures has created a headache for Turin's local authorities, who now own a dormant factory and are responsible for 800 jobless workers....
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Tesla to buy Mich. stamped-parts supplier

1:09 pm U.S. ET | May 7, 2015

Tesla Motors is acquiring one of its suppliers of stamped parts, Michigan-based Riviera Tool, the automaker confirmed today....
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Visteon posts Q1 sales bump after acquisition

10:54 am U.S. ET | May 7, 2015

Visteon today reported strong first-quarter profits and sales thanks in large part to its 2014 acquisition of Johnson Controls' global electronics business....
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JAMIE LaREAU

BLOG: Lithia reaches out to women in step toward industry evolution

12:13 pm U.S. ET | May 6, 2015

Lithia has about 10,000 employees -- a quarter of them are women. But Lithia wants to hire more women at every level and it's doing something about it....
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ZF wins U.S. approval for TRW acquisition with divestitures

May 6, 2015 09:36 CET

ZF Friedrichshafen won U.S. antitrust approval to buy TRW Automotive on the condition it sells TRW's linkage and suspension business in North America and Europe. The merger of ZF and TRW will create the world's second-largest supplier....
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Chinese automakers Dongfeng, FAW halt trading on merger reports

May 5, 2015 08:09 CET

Chinese automakers Dongfeng Motor, which has a 14 percent stake in PSA, and FAW Group, a joint venture partner of VW, today halted trading in shares of their listed subsidiaries, with Dongfeng saying it checked into reports that the two companies would merge....
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TRW says Q1 revenue up 7%, profits rise

3:36 pm U.S. ET | May 5, 2015

TRW Automotive, which is being acquired by German supplier ZF Friedrichshafen, said today that first quarter revenue grew 7 percent from last year, excluding effects of currency and divested business....
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AMY WILSON

BLOG: Family takes Dave Smith name forward

1:58 pm U.S. ET | May 1, 2015

Ken Smith wants his dad’s name to live on. And it’s about to, in a much bigger way....
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LUCA CIFERRI

BLOG: Why Marchionne needs a powerful 'mother-in-law'

5:59 am U.S. ET | April 30, 2015

Fiat Chrysler CEO Sergio Marchionne will need a powerful, influential mother-in-law to help initiate the megamergers that he covets....
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Bidding auction for De Tomaso won by Chinese fund

April 30, 2015 11:49 CET

A Hong Kong-based investment fund called Ideal Team Venture has acquired Italy's iconic De Tomaso sports car brand for just over 1 million euros. Ideal Team has until tomorrow to pay, leaving industry observers skeptical the deal will be completed....
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Delphi looking for acquisition of $1 billion-$3 billion, CEO says

9:58 am U.S. ET | April 30, 2015

Delphi CEO Kevin Clark said the company could spend $1 billion to $3 billion this year on a large acquisition related to its traditional "hardware" business and will make smaller investments in software....
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COMMENTARY

Marchionne's proposal for Apple car deal isn't crazy

April 30, 2015 10:39 CET

Fiat Chrysler CEO Sergio Marchionne is open to an alliance with Apple or Google as he seeks a merger partner. Asked if he would be willing to take his consolidation proposal to the tech giants if rebuffed by other automakers, Marchionne told analysts it was possible....
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Marchionne's talk of industry mergers seen as 'panic'

April 30, 2015 10:59 CET

CEO Sergio Marchionne has been talking for months about merging Fiat Chrysler with a rival automaker, a sign that he's panicking at how much sales are growing while profit margins are dropping, some industry observers say....
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Marchionne argues if automakers won't consolidate, the market should make them

3:19 pm U.S. ET | April 29, 2015

Sergio Marchionne argued today that major automakers need to stop wasting billions developing the same products and start working together. And if automakers won't consolidate voluntarily, then the capital markets should force change upon them, the FCA boss said during a marathon conference call with analysts....
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Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. Most of the witnesses will likely assert their right not to testify....
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TRW to sell suspension unit to THK for $400 million

6:46 am U.S. ET | April 22, 2015

TRW Automotive Holdings said it agreed to sell its linkage and suspension business to Tokyo conglomerate THK for $400 million....
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Automotive News
Special Video Report
Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
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