Mergers - Acquisitions - Takeovers
Nissan likely to send former tech chief to lead reform at Mitsubishi, report saysMon, 23, May 2016
Nissan, which plans to spend $2.2 billion on a one-third controlling stake in Mitsubishi Motors, aims to place its former global tech chief in charge of reform at its smaller rival, which is mired in a fuel economy data scandal, sources told Reuters.
Cruise Automation ex-partners settle dispute after GM dealThu, 19, May 2016
The two co-founders of Cruise Automation, the self-driving car startup acquired by General Motors for a reported $1 billion, settled their dispute and will dismiss their lawsuits against each other.
Nissan investment excites Mitsubishi's U.S. dealer council chairmanTue, 17, May 2016
The chairman of Mitsubishi Motors' U.S. national dealer council's advisory board said he sees new life for the brand after Nissan's $2.2 billion stake.
What's in it for Mitsubishi?Sun, 15, May 2016
Nissan and Mitsubishi believe there is mutual benefit in Nissan's move to take controlling interest in the smaller automaker. But for the U.S. market, the promise is not clear.
Nissan faces challenges with Mitsubishi but won't impose management, Ghosn saysFri, 13, May 2016
Nissan CEO Carlos Ghosn said restoring Mitsubishi's credibility with consumers will be his top challenge after the company announced plans to take a controlling stake in the smaller automaker. Nissan will not impose its management on Mitsubishi, Ghosn said.
Nissan move for Mitsubishi will be Ghosn's biggest testThu, 12, May 2016
Nissan's investment in Mitsubishi is a bold way of inoculating Nissan against the fallout from 25 years of false testing data at its smaller partner. The approach resembles the deal that enabled Renault to buy control of Nissan.
Nissan poised to take key stake in Mitsubishi MotorsWed, 11, May 2016
Nissan and Mitsubishi Motors confirmed they are in talks about a possible capital tie-up and that their boards are planning to meet separately to discuss the matter. Such a deal would tighten bonds between two companies that easily could have split ways in acrimony over an emissions scandal.
Nissan in talks to take control of Mitsubishi Motors, report saysWed, 11, May 2016
Nissan may invest more than 200 billion yen ($1.84 billion) in a play to take over Mitsubishi Motors, two people familiar with the matter told Reuters. The boards of Nissan and Mitsubishi will meet separately on Thursday to decide investment and operational details, sources told Reuters.
Mann+Hummel closes on Affinia acquisitionFri, 06, May 2016
German supplier Mann+Hummel said it closed on its acquisition of North Carolina-based Affinia Group's filtration operations. The deal was reportedly valued at $513 million.
Magna's Q1 profit rises on increased vehicle production, Getrag acquisitionThu, 05, May 2016
Canadian auto supplier Magna International today reported an 8 percent rise in first-quarter profit, helped by higher vehicle production in North America and Europe along with the completion of a major acquisition.
Delphi doubles Q1 net income following acquisition, global growthWed, 04, May 2016
Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.
Supplier Tower International cancels plan to sell European unitThu, 28, Apr 2016
Tower International, which makes heavy metal components and assemblies for cars and trucks, said today it will not sell its European division, citing the industry's growth in the region.