Mergers - Acquisitions - Takeovers

TRW net income rises to $265 million in Q2

7:08 am U.S. ET | July 29, 2014
Automotive safety technology supplier TRW Automotive Holdings today said its second-quarter net income rose 7 percent to $265 million. Total revenue during the quarter rose 2 percent to $4.6 billion, the company said in a statement....
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GUIDO REINKING

Fiat would find a safe haven in VW

4:59 am U.S. ET | July 29, 2014
Reports that VW may buy Fiat-Chrysler sound improbable, but the idea has appeal. It would allow VW to overcome its weakness in North America and offer Fiat Chrysler a safe haven....
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Fiat investors advised to vote for Chrysler merger

July 28, 2014 11:26 CET
Proxy adviser Glass Lewis has recommended that Fiat investors vote for a merger with Chrysler despite concerns that the voting rights of Exor, Fiat's main shareholder, could potentially increase with a deal....
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Self-driving tech attracts ZF to TRW

12:01 am U.S. ET | July 28, 2014
Self-driving cars are years away, but their lure is prompting ZF Friedrichshafen AG, a German supplier of transmissions and other mainstream products, to consider buying TRW Automotive, said ZF's finance chief....
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ZF's pursuit of TRW may spark wave of mergers in supply chain

12:01 am U.S. ET | July 25, 2014
The biggest auto-parts deal since 2007 may be just the start of consolidation, with Autoliv and Visteon among the next potential targets, analysts say. More auto parts companies may combine as overcapacity constrains their ability to add scale on their own....
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Fiat and PSA dismiss latest tie-up report

July 24, 2014 21:15 CET
PSA/Peugeot-Citroen and Fiat Chrysler denied a report that the companies were preparing a merger to create the world's fifth-largest carmaker....
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Fiat and PSA dismiss latest tie-up report

3:15 pm U.S. ET | July 24, 2014
PSA/Peugeot-Citroen and Fiat Chrysler denied a report that the companies were preparing a merger to create the world's fifth-largest carmaker....
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Fiat investors urged to vote against Chrysler merger

2:59 pm U.S. ET | July 23, 2014
Proxy advisor ISS has recommended that Fiat investors vote against a cross-border merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying it would reduce shareholder rights....
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Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls....
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Suburban Collection buys BMW, Mercedes dealerships in Ann Arbor

4:08 pm U.S. ET | July 23, 2014
The Suburban Collection has acquired two more Michigan dealerships: BMW of Ann Arbor and Mercedes-Benz of Ann Arbor. The two dealerships were acquired from Sonic Automotive for an undisclosed amount....
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Marchionne says Fiat Chrysler tie-up with VW was never on agenda

July 23, 2014 12:27 CET
Fiat Chrysler CEO Sergio Marchionne quashed all speculation of a possible tie-up with Volkswagen, saying the idea had never been on the agenda....
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Metals and plastics company NN to buy supplier Autocam in $300 million deal

11:23 am U.S. ET | July 22, 2014
A Tennessee metals and plastics company said it has agreed to acquire auto parts supplier Autocam in a deal valued at $300 million....
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Group 1 acquires Munday dealerships in Houston

3:59 pm U.S. ET | July 21, 2014
Group 1 Automotive, the third-largest auto dealer group based in the United States, has acquired Houston dealerships Munday Chevrolet and Munday Mazda, the company said today....
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Russia's Severstal sells U.S. steel plants to AK Steel, Steel Dynamics

8:48 am U.S. ET | July 21, 2014
Russia's Severstal said it agreed to sell its two steel plants in the United States for $2.3 billion, withdrawing from the market at a time of rising tension between Russia and the West and turning its focus to its domestic business....
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ZF needs TRW's tech know-how, CFO says

8:54 am U.S. ET | July 19, 2014
ZF Friedrichshafen believes buying TRW Automotive would give it a better foothold in the market for self-driving and connected cars, its finance chief told a German paper....
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EDWARD NIEDERMEYER

Hungry VW wants to devour Fiat Chrysler

2:28 pm U.S. ET | July 18, 2014
What appears on the surface to be just another twist in the ego-driven soap opera between VW's visionary leader Ferdinand Piech and FCA's scrappy boss Sergio Marchionne may actually presage the next round of auto industry consolidation....
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Continental Structural Plastics to buy 5 plants from Magna

10:28 am U.S. ET | July 18, 2014
Continental Structural Plastics signed a definitive agreement to acquire five North American plants from Magna International....
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ZF can hike offer for TRW as high as $13 billion, report says

10:49 am U.S. ET | July 17, 2014
ZF Friedrichshafen, moving to acquire TRW Automotive, has been told by lenders that financing is available for a higher all-cash bid which could value the U.S. company at as much as $13 billion, people with knowledge of the matter said, Bloomberg reported....
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Fiat, VW deny report that they are in merger talks

5:49 am U.S. ET | July 17, 2014
Volkswagen AG, Fiat S.p.A. and Fiat's controlling shareholder all denied a German magazine report today that the German and Italian automakers have discussed a possible merger. Volkswagen has approached rival Fiat about a possible merger, Germany's Manager Magazin reported on its website earlier today, citing unnamed company sources....
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ZF bucks trend in bid for TRW

12:01 am U.S. ET | July 14, 2014
In an era in which many suppliers are shedding noncore business lines, Germany's ZF Friedrichshafen AG is looking to bulk up by bidding for TRW Automotive Holdings Corp....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Ex-Opel CEO Stracke eyes acquisitions to boost Magna Steyr's engineering unit

July 11, 2014 06:01 CET
Karl-Friedrich Stracke, Magna Steyr's head of vehicle technology and engineering, is betting on acquisitions in China. The supplier is watching the M&A market very closely, Stracke said in an interview....
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TRW attracts takeover offer from ZF Friedrichshafen, report says

10:56 am U.S. ET | July 10, 2014
TRW Automotive, the world's biggest car-safety equipment supplier, has received a preliminary takeover approach from Germany's ZF Friedrichshafen AG, people with knowledge of the matter told Bloomberg. If completed, it would be the largest auto supplier takeover in seven years....
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Agnellis may tighten grip on Fiat after Chrysler merger

July 8, 2014 11:43 CET
Fiat's founding Agnelli family may see its voting rights rise to 46 percent as part of a scheme to reward long-term investors after a merger with Chrysler and a listing in New York, a U.S. regulatory filing showed....
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Fiat calls Aug. 1 shareholder meeting to approve Chrysler merger

July 3, 2014 12:40 CET
Fiat has called a shareholder meeting on Aug. 1 to approve its merger with Chrysler, potentially clearing the way for the new company to be listed in New York as planned before the end of this year....
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Thierry Peugeot to leave PSA board after voicing dissent over capital tie-up with China's Dongfeng

July 3, 2014 18:53 CET
PSA/Peugeot-Citroen's deputy chairman, Thierry Peugeot, was forced out after voicing public dissent over the automaker's tie-up with Dongfeng that he had unsuccessfully opposed....
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