Mergers - Acquisitions - Takeovers
Takata's potential suitors offer to invest $1B-2B, report saysFri, 30, Sep 2016
Takata received offers for initial investment of $1 billion to $2 billion from each of the five suitors seeking to buy the troubled airbag maker, a person with knowledge of the matter told Bloomberg.
Michigan group leads $2.5M stake in cybersecurity firm targeting driverless carsFri, 30, Sep 2016
Fontinalis Partners of Detroit has led an investment of $2.5 million in Karamba Security, a company based in Hod Hasharon, Israel, that makes cybersecurity solutions for connected and autonomous vehicles.
Flex-N-Gate billionaire Khan rises from dishwasher to Takata suitorThu, 29, Sep 2016
The emergence of Shahid Khan, the NFL team owner who made his fortune selling car bumpers, in the race to rescue embattled Japanese airbag manufacturer Takata Corp. pits the billionaire against more established parts suppliers.
Vinnie Johnson's Piston Group closes on $175 million deal for Takata subsidiaryWed, 28, Sep 2016
U.S. auto supplier Piston Group closed today on the $175 million acquisition of Takata subsidiary Irvin Automotive. The acquisition adds Irvin's interiors manufacturing operations to Piston's assembly and sequencing business
Takata interiors unit being sold to Piston Group, sources sayMon, 26, Sep 2016
Piston Group, the auto supplier owned by former NBA star Vinnie Johnson, is expected to acquire Takata's interiors subsidiary, Irvin Automotive, sources familiar with the deal said.
Magna to acquire German automotive closures manufacturerMon, 26, Sep 2016
Magna International's closures unit agreed to acquire the BÍCO Group of Companies, the Canadian supplier said today. Terms of the deal were not disclosed. The transaction is expected to close in the third quarter, Magna said.
McLaren might be the best carmaker Apple can buySat, 24, Sep 2016
McLaren may be the only carmaker that makes sense for Apple to purchase since it has the benefit of being nimble, focused on high-tech and tuned in to the art of aerodynamics.
Carbone helps Lithia expand in NortheastMon, 19, Sep 2016
Acquiring the nine-store Carbone Auto Group gives Lithia Motors its first dealerships in New England.
ZF says offer for Haldex might not be its lastThu, 22, Sep 2016
German Supplier ZF has not ruled out a further improvement in its offer for Swedish braking systems maker Haldex in view of German rival Knorr-Bremse's higher bid, CEO Stefan Sommer said.
McLaren says 'no discussions' are taking place with AppleWed, 21, Sep 2016
McLaren damped down a report that Apple had made an approach for the British Formula One team owner and supercar maker. "We can confirm that McLaren is not in discussion with Apple in respect of any potential investment," a McLaren spokesman said.
GM affirms profit and cost cutting targetsWed, 21, Sep 2016
GM affirmed its forecast for 2016 profit of up to $6.00 per share and said it expected to exceed its cost-savings target of $5.5 billion by 2018 as the automaker unveiled a new effort to convince investors of its value.
Automakers head to Japan to decide Takata's fateTue, 20, Sep 2016
Global automakers are expected to descend on Tokyo at the end of the month to decide the fate of embattled supplier Takata Corp. Executives from customers, including GM and Ford, will review offers from several bidders for the company