Mergers - Acquisitions - Takeovers
Smart cars collaboration could raise risk of patent litigation, experts sayMon, 22, Aug 2016
As the West Coast's largest technology companies jump deeper into the automotive landscape, fears of increased litigation are bubbling in Michigan. Greg DeGrazia, partner and intellectual property attorney at law firm Warner Norcross and Judd, said that as the tech and auto industries continue to merge, a clash is on the horizon.
The public dealerships are buying -- and sellingMon, 22, Aug 2016
In the first half of 2016, the public dealership groups sold nearly as many dealerships as they acquired, according to "The Blue Sky Report," a quarterly publication by dealership buy-sell adviser Erin Kerrigan.
Shareholders approve Johnson Controls-Tyco mergerWed, 17, Aug 2016
Shareholders from Johnson Controls and Tyco International approved the merger between the two companies on Wednesday.
Harman senses software opportunitiesMon, 15, Aug 2016
Harman International is looking for more business from luxury and nonluxury automakers.
Diesel decline not a problem for BorgWarnerMon, 15, Aug 2016
BorgWarner sees its markets slow a bit -- but they're still growing.
Lyft rebuffs GM overtures to acquire ride-hailing firm, report saysFri, 12, Aug 2016
General Motors has expressed an interest in acquiring Lyft, but the ride-hailing company has rebuffed the recent overtures and will raise more funds instead, technology website The Information reported on Friday, citing two people familiar with the situation.
Brisk market for supplier M&AMon, 15, Aug 2016
Seemingly unworried about wobbly global markets, automotive suppliers are wheeling and dealing to acquire each other or dump underperforming assets.
Plastic Omnium gets OK to buy Faurecia's exteriors business but must sell factoriesFri, 12, Aug 2016
French supplier Plastic Omnium won approval from EU regulators to acquire Faurecia's bumpers and front-end modules business on the condition that it sells seven Faurecia plants. Faurecia is selling its exteriors business to eliminate its debt and enable it to accelerate investment in technologies for sustainable mobility and connectivity.
Self-driving cars spur more automotive M&A in Silicon ValleyWed, 10, Aug 2016
The auto industry's self-driving revolution has spurred the biggest two years of automotive supplier takeovers in a decade. The total value of automotive supplier deals in 2015 and 2016 was $74.4 billion, according to data compiled by Bloomberg, with each of those years far exceeding the $17.7 billion annual average in the previous 10 years.
Carlyle's bet on DuPont's auto paint unit pays handsomelyFri, 05, Aug 2016
When Carlyle Group orchestrated a $4.9 billion buyout of DuPont's auto-paint business in 2013, some competitors said the private equity firm overpaid. Three years later, Carlyle has reaped its second-biggest profit ever on the deal.
Nissan in talks to divest stake in EV battery business, report saysFri, 05, Aug 2016
Nissan is in discussions with Panasonic and foreign companies, including Chinese firms, over the possible sale of its controlling stake in an EV battery manufacturing venture, a Tokyo newspaper reported Friday.
Samsung's Lee weighs car technology move with talks for FCA unitThu, 04, Aug 2016
After Samsung Electronics' success in selling components for rivals' smartphones, Vice Chairman Lee Jae Yong is considering a similar strategy for the world of automobiles. Samsung is in advanced talks to buy assets of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles