Mergers - Acquisitions - Takeovers

Pininfarina investor confirms Mahindra's interest in acquisition

March 26, 2015 11:39 CET

Pininfarina's controlling shareholder, Pincar, confirmed that India's Mahindra & Mahindra has expressed interest in buying the Italian car designer. Mahindra is one of heavily indebted Pininfarina's most important customers....
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India's Mahindra said to be in talks to buy car designer Pininfarina

7:49 am U.S. ET | March 25, 2015

Mahindra & Mahindra, India's largest maker of SUVs, is in talks to buy Italian auto design and engineering company Pininfarina SpA, people familiar with the matter told Bloomberg....
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Pirelli to be bought by ChemChina in $7.7 billion deal

March 23, 2015 09:37 CET

China National Chemical will buy into Pirelli in a $7.7 billion deal that would place one of the symbols of Italy's manufacturing industry in Chinese hands. But the bid may turn into a protracted takeover battle....
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LARRY P. VELLEQUETTE

BLOG: Fiat Chrysler may find perfect partner is from Asia

12:01 am U.S. ET | March 23, 2015

Sergio Marchionne wants a dance partner for Fiat Chrysler Automobiles. The financial media keep trying to fix him up with VW, but I think Marchionne has his eye on a mate in Asia. To me, the best partners, in descending order, are Suzuki, Mazda and Hyundai....
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LARRY P. VELLEQUETTE

FCA may find perfect partner is from Asia

12:01 am U.S. ET | March 23, 2015

Sergio Marchionne wants a dance partner for Fiat Chrysler Automobiles. The financial media keep trying to fix him up with Volkswagen, but I think Marchionne has his eye on a mate in Asia. To me, the best partners, in descending order, are Suzuki, Mazda and Hyundai....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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Fiat Chrysler CEO says combination with GM, Ford 'feasible'

2:47 pm U.S. ET | March 12, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne says he is open to a combination with General Motors or Ford, and a deal with one of the larger US counterparts would be “technically feasible.”...
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Berkshire Hathaway completes Van Tuyl acquisition

10:51 am U.S. ET | March 10, 2015

Warren Buffett's Berkshire Hathaway completed its purchase of the Van Tuyl Group, the largest dealership acquisition in industry history. All aspects of the sale were finalized Monday. The new Berkshire Hathaway Automotive now is the fifth-largest dealership group in the US....
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Apple CEO sidesteps shareholder enthusiasm for a Tesla deal

5:04 pm U.S. ET | March 10, 2015

Apple CEO Tim Cook on Tuesday found himself facing shareholders eager for a marriage or deal with Tesla Motors....
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Chipmakers bulk up for auto challenges

12:01 am U.S. ET | March 9, 2015

For the connected, automated cars of the future, choosing the right silicon may be as important as choosing the right steel. That's the thinking behind the bet made last week by Dutch chipmaker NXP Semiconductors NV, which agreed to acquire Texas-based Freescale Semiconductor Ltd. for $11.8 billion, signaling that it will pitch its products to automakers as the most secure and reliable in the business....
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Supplier Chassix buys times with debt holders

3:32 pm U.S. ET | March 5, 2015

Chassix, the auto-parts maker owned by billionaire Tom Gores' Platinum Equity LLC, said its bondholders agreed to refrain for a month from pursuing a default after the company missed an interest payment....
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ZF-TRW deal to be approved by EU regulators, report says

1:48 pm U.S. ET | March 4, 2015

EU antitrust regulators are expected to clear German car parts maker ZF Friedrichshafen's $13.5 billion bid for US peer TRW Automotive Holdings with conditions, two people with knowledge of the matter told Reuters today....
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Marchionne says he has merger candidate in mind, but it's not VW

6:22 am U.S. ET | March 3, 2015

Volkswagen is not the ideal candidate for a tie-up with Fiat Chrysler, the CEO Sergio Marchionne said today, adding he was exploring various merger and acquisition options....
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NXP to buy Freescale in $11.8 billion deal for automotive microchips

2:29 pm U.S. ET | March 2, 2015

Dutch chipmaker NXP Semiconductors NV said today it will pay $11.8 billion to acquire Texas-based Freescale Semiconductor. NXP has succeeded where other European chipmakers have struggled by focusing on products for the auto industry and mobile payments....
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Buffett says Berkshire's job is to perform, grow in auto retail

11:16 am U.S. ET | March 2, 2015

With Berkshire Hathaway's purchase of the Van Tuyl Automotive dealership group materially complete, Warren Buffett already is looking toward how to expand his company’s dealership holdings....
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Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET

Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge....
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Lithia Q4 net income jumps 50% as it makes acquisitions top priority

9:38 am U.S. ET | Feb. 25, 2015

Strong sales across all divisions and the integration of its purchase last year of DCH Auto Group pushed Lithia Motors' net income up 50 percent during the fourth quarter....
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ZF offers EU concessions in $13.5 billion TRW deal

Feb. 20, 2015 13:36 CET

ZF Friedrichshafen has offered concessions in a bid to secure European Union approval for its $13.5 billion takeover of TRW Automotive Holdings....
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Delphi's thermal unit is bought by Mahle for $727 million

4:40 am U.S. ET | Feb. 19, 2015

German auto supplier Mahle has agreed to buy rival Delphi's air conditioning business for $727 million, expanding its thermal management expertise as cars make greater use of electric motors and batteries that need special cooling....
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JAMIE LaREAU

BLOG: Buyers make big bets on dealerships in a seller's world

9:55 am U.S. ET | Feb. 18, 2015

You know it is a seller's market when the seller can dictate all the shots, and I mean all the shots. I was speaking to a buy-sell adviser this week, who shared an unsolicited anecdote because this adviser was so awe struck by it....
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Supplier Chassix misses 2nd bond payment; creditors concerned

8:46 am U.S. ET | Feb. 17, 2015

After missing a payment of more than $17 million to bondholders this month, Chassix has asked the bondholders to organize and retain advisers -- and a creditor's filing asserts that the company is taking steps toward a possible bankruptcy....
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Lithia, DCH build on the other's strengths

12:01 am U.S. ET | Feb. 16, 2015

Just over four months after Lithia Motors closed on its deal to buy DCH Auto Group's 27 dealerships, the two groups are busy sharing best practices and instituting a new culture at DCH....
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Car dealer wannabes must pay the price

12:01 am U.S. ET | Feb. 16, 2015

Last month medical industry entrepreneur Taseer Badar became a dealer the way most do these days: by forking out huge sums, in this case to Gerald Hollingsworth for his Mercedes-Benz, BMW and Mazda stores. The deal illustrates the twists and big bucks involved in buy-sells today....
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Renault delays AvtoVAZ consolidation

Feb. 12, 2015 17:19 CET

Renault may delay adding Russian unit AvtoVAZ to its books, insulating the company from the country's political and economic turmoil. Renault originally intended to consolidate AvtoVAZ, which builds Ladas, this year but finance chief Dominique Thormann said that probably will not happen in 2015....
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