Mergers - Acquisitions - Takeovers
Axalta acquires United Paint's automotive coatings businessFri, 22, Jul 2016
Axalta Coating Systems has acquired United Paint and Chemical's automotive interior coatings business. Terms of the deal were not disclosed.
Metaldyne Performance Group to consolidate 8 brandsWed, 20, Jul 2016
Powertrain components supplier Metaldyne Performance Group will consolidate its eight brands following a merger nearly two years ago. All brands will fall under the MPG moniker.
Dow-DuPont shareholders approve $59 billion merger of equalsWed, 20, Jul 2016
Shareholders of Dow Chemical and DuPont approved the companies' historic merger, clearing a hurdle for the deal to close this year and for a later split into three entities. The impact of the transaction stands to ripple throughout the automotive supply chain.
Dealer Tire selling Canadian businessThu, 14, Jul 2016
Dealer Tire, the Ohio-based tire wholesaler that serves new car dealers, has agreed to sell its Canadian arm to Groupe Touchette.
Infineon agrees to buy Wolfspeed to expand into EVsThu, 14, Jul 2016
Infineon, Europe's biggest chipmaker, agreed to buy Wolfspeed Power unit to expand in fast-growing markets such as electric cars and the Internet of Things.
Visteon completes acquisition of AllGo Embedded SystemsTue, 12, Jul 2016
Visteon said it completed the acquisition of India-based automotive embedded multimedia and connectivity software supplier AllGo Embedded Systems.
Renault-Nissan ahead of plan on cost cutsMon, 11, Jul 2016
Nissan and Renault are running a year ahead of schedule cutting global costs through operating synergies. Nissan's proposed move on Mitsubishi could mean an even bigger savings target.
Cerberus buys Canadian auto supplier ABC GroupFri, 01, Jul 2016
Cerberus Capital Management has boosted its stake in plastic automotive components by acquiring Canada's ABC Group Inc.
Tesla investor group wants more independent board, cites Musk tiesTue, 28, Jun 2016
An investor group called on Tesla to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk's dominance of the board in the wake of Tesla's proposed bid for SolarCity.
Lyft hires investment banker Qatalyst to explore options, report saysMon, 27, Jun 2016
Lyft, the U.S. ride-hailing startup with ties to General Motors, is working with Qatalyst Partners to explore deal options, a person familiar with the matter told Bloomberg.
A new giant could make more vehicles than ToyotaMon, 27, Jun 2016
Nissan's proposed takeover of Mitsubishi Motors would produce a Renault-Nissan-Mitsubishi giant that could overtake Toyota in global light-vehicle production by 2017, predicts consultancy LMC Automotive.
Musk is losing big on Tesla's SolarCity bidMon, 27, Jun 2016
In the initial day of trading after Tesla Motors said it would buy SolarCity, Elon Musk -- the largest shareholder of both companies -- lost a net $715 million.