Mergers - Acquisitions - TakeoversSonic, back in acquisition market, buys 2 stores in Denver 2:36 pm U.S. ET | May 24, 2013  Sonic Automotive is back in the dealership acquisition market with the purchase of large BMW and Mercedes stores in Denver.... Read More »
Lutz's VL Automotive, Chinese supplier bid for Fisker, report saysMay 22, 2013 06:01 CET  A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters.... Read More »
Lutz's VL Automotive, Chinese supplier bid $20 million for Fisker, report says 2:02 pm U.S. ET | May 21, 2013  A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today.... Read More »
LARRY P. VELLEQUETTE 2 million extra doors was the best call Daimler made during 'marriage of equals' 12:35 pm U.S. ET | May 17, 2013  It's easy to criticize the way Daimler AG ran and ultimately left Chrysler during the disastrous "marriage of equals" era. I know because I've done it on a regular basis. But even the worst marriages can produce spectacular kids -- or in this case, products.... Read More »
Continental kept in the dark over Schaeffler's decision to end investment agreementMay 15, 2013 14:35 CET  Continental said it was kept in the dark about the decision of Schaeffler to quit a five-year-old investment accord. Analysts suspect the accord's scrapping may be a prelude to Schaeffler restructuring Continental or reducing its stake.... Read More »
Porsche SE to seek dismissal of legal claims filed in GermanyMay 14, 2013 12:04 CET  Porsche SE says legal claims by plaintiffs in Germany seeking more than 1.36 billion euros ($1.77 billion) in connection with its failed attempt to takeover Volkswagen in 2008 are unfounded. The family-controlled holding company that owns a majority of VW, says it will file a motion to dismiss the claims.... Read More »
Schaeffler to end Continental accord as merger project wanesMay 13, 2013 21:46 CET  Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »
Schaeffler to end Continental accord as merger project wanes 3:46 pm U.S. ET | May 13, 2013  Schaeffler, the largest investor in tire and components supplier Continental, plans to end an agreement between the two German companies as it continues to dismantle a plan for a gradual merger.... Read More »
AutoTrader's VinSolutions buys Haystak Digital Marketing 5:14 pm U.S. ET | May 6, 2013 VinSolutions, a unit of the AutoTrader Group, has agreed to buy Haystak Digital Marketing.... Read More »
Casting and machining suppliers merged to create Chassix 4:57 pm U.S. ET | April 30, 2013  Platinum Equity, a California private equity firm controlled by Detroit Pistons owner Tom Gores, said it has merged two of its Michigan automotive suppliers. Diversified Machine and SMW Automotive, both under the Platinum Equity portfolio, are now Chassix.... Read More »
Buy-sell activity, dealership values on the rise 11:12 am U.S. ET | April 30, 2013 Dealership buy-sell activity rose sharply at the end of 2012, and the upswing, which is pushing dealership values higher, is continuing during the first half of 2013.... Read More »
Porsche SE is optimistic of prospects in German investor lawsuitsApril 30, 2013 11:04 CET  Porsche SE, the family-owned company that controls a majority stake in Volkswagen, remains confident of success in lawsuits in a German court over alleged market manipulation during a failed takeover of VW in 2008.... Read More »
Fiat may have to pay union trust fund more for Chrysler shares, judge suggestsApril 25, 2013 17:53 CET  Fiat may have to pay more than its $139.7 million offer for Chrysler Group shares that the automaker wants to buy from the United Auto Workers' retiree health-care trust, a judge suggested.... Read More »
Fiat may have to pay UAW trust fund more for Chrysler shares, judge suggests 11:53 am U.S. ET | April 25, 2013  Fiat may have to pay more than its original offer of about $140 million for Chrysler Group shares being bought from the UAW's retiree health-care trust, a Delaware judge suggested in court today.... Read More »
Fiat weighs New York listing following merger with Chrysler, report saysApril 24, 2013 18:19 CET  Fiat may select New York as the primary exchange for its stock after a planned merger with Chrysler Group, sources said. The move would be highly political and symbolic for debt-ridden Italy as it struggles to emerge from a cycle of recessions.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report saysApril 23, 2013 19:00 CET Delphi Automotive and Continental both bid for Johnson Controls' automotive electronics unit, Bloomberg sources said. The supplier is considering the sale to free up cash and focus on more profitable divisions, such as car seats.... Read More »
Delphi, Continental bid for Johnson Controls' auto electronics unit, report says 1:00 pm U.S. ET | April 23, 2013 Delphi Automotive and Continental AG both bid for Johnson Controls' automotive electronics unit, people familiar with the matter told Bloomberg. Johnson Controls received first-round bids this month and is now setting up meetings with suitors such as Delphi and Continental, the report said.... Read More »
DUSTIN WALSH A name change to 456 as easy as 123? Not quite 12:01 pm U.S. ET | April 23, 2013  On March 22, A123 Systems Incorporated became B456 Systems Incorporated. But confusion followed the announcement and continues to follow the battery maker in the wake of its bankruptcy.... Read More »
Robotics company Kuka acquires assembly and welding supplier 3:59 pm U.S. ET | April 19, 2013 Kuka AG has acquired the welding equipment and assembly supplier Utica Enterprises in suburban Detroit. Terms of the deal were not disclosed.... Read More »
AutoNation Q1 earnings soar; acquisitions continue 6:30 am U.S. ET | April 18, 2013  AutoNation said first-quarter net income rose 14 percent to $83 million, up from $73 million a year ago. With profits up in all categories of its business during the first quarter, particularly finance and insurance and parts and service, AutoNation is snapping up more dealerships.... Read More »
Visteon's Leuliette rules out sale of climate business sought by Mando 1:33 pm U.S. ET | April 18, 2013  Visteon CEO Tim Leuliette ruled out selling control of the company’s climate-control business that South Korea’s Mando has been seeking to buy. "First of all, the business isn’t for sale," Leuliette said in reference to Halla Visteon Climate Control.... Read More »
Visteon eliminates 2 senior execs as climate division shifts to South Korea 11:40 am U.S. ET | April 17, 2013  Visteon said it terminated Joy Greenway, president of its climate controls business, as the supplier moves climate operations to its South Korean joint venture.... Read More »
JAMIE LaREAU Good news for sellers: Blue sky values appear strong 1:05 pm U.S. ET | April 16, 2013  It appears blue sky values are back, even at dealerships in distress. Take two recent examples out of California.... Read More »
Key Safety Systems sells sensor subsidiary for $145 million 12:51 pm U.S. ET | April 16, 2013 Key Safety Systems has agreed to sell its sensor subsidiary Hamlin to Chicago-based Littelfuse for $145 million.... Read More »
Porsche's criminal probes may help investors' German lawsuitsApril 16, 2013 13:34 CET  German lawsuits from investors seeking 4 billion euros ($5.2 billion) from Porsche SE over its failed takeover of Volkswagen may be helped by details from ongoing criminal probes into senior company executives.... Read More »
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