Coverage tagged Mergers and acquisitions.
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Fiat Group Automobiles SpA has officially changed its name to FCA Italy SpA, mirroring Chrysler's earlier rebranding to FCA US as part of Fiat Chrysler Automobiles' global restructuring.
Toyota has sold part of its holding in Tesla, following Daimler’s full divestment, as cooperation between traditional manufacturers and the US electric car firm shifts focus.
Major US automakers are increasingly exercising their right of first refusal in dealership buy-sell deals, frustrating some dealers and raising concerns about competition and franchise values.
Bernie Ecclestone has played down reports linking him to a potential bid to buy back Formula One from CVC, despite ongoing rumours about the company's future stake.
Tony Fernandes is expected to confirm the sale of Caterham F1 to a Swiss-Arab consortium this week, with staff due to be briefed ahead of the British Grand Prix.
Fiat Chrysler Automobiles has revealed its first three board members following the merger, as the company prepares for shareholder approval and stock market listing.
Tony Fernandes is reportedly exploring a sale of the Caterham Group, including the car company and Formula One team, with a potential asking price of £350 million.
Renault and Nissan have increased their joint savings goal to €4.3bn by 2016, aiming to deepen cooperation in development and production to improve operational performance.
Fiat Chrysler Automobiles begins life as a merged entity with a new structure, shifting its primary listing to New York and facing profitability pressures in key markets.
With Fiat’s takeover of Chrysler nearly finalised in early 2014, the combined group’s choice of headquarters location remained unresolved, raising questions about future identity and strategy.
China’s Wanxiang Group has submitted a $24.7 million offer to acquire the bankrupt Fisker Automotive, with a court decision and potential auction expected by late January 2014.
The two manufacturers have confirmed a partnership to create a shared architecture for future sportscars, with each brand set to produce its own distinct model.
Italian design house Bertone has furloughed most staff and is seeking a buyer, with a Turkish firm reportedly offering $2.7 million for the struggling coachbuilder.
Hedge fund Hayman Capital has acquired a stake in General Motors, betting on a sharp rise in the automaker’s shares as the US government prepares to sell its remaining holding.
Ford COO Mark Fields has reiterated that CEO Alan Mulally remains committed to the automaker, rejecting speculation linking Mulally to the soon-to-be-vacant Microsoft leadership role.
Ferrari F1 driver Fernando Alonso’s negotiations to acquire the Euskaltel-Euskadi cycling team collapsed in late September 2013, ending hopes of his immediate entry into professional cycling.
A consortium led by Hamburg lawyer Ingo Voigt has tabled a $25 million bid to acquire the insolvent US plug-in car maker Fisker, aiming to restart Karma production in America.
Sirius XM Radio is buying Agero’s connected-vehicle unit in a $530 million cash deal, aiming to expand its telematics and in-car connected services business.
France’s finance ministry is seeking external financial advice as PSA Peugeot Citroën explores potential alliances and faces ongoing financial pressure in 2013.
A123 Systems has secured final court approval for its bankruptcy reorganisation, clearing the way for Wanxiang’s acquisition and creditor repayments after months of uncertainty.
Daimler has sold its remaining 7.5% stake in EADS for €2.2 billion, closing a decade-long investment in the Airbus parent to focus on its core automotive business.
Fiat is negotiating a $2.5 billion credit line to buy the remaining 41.5% of Chrysler from the UAW’s healthcare trust, aiming for full control and a global merger.
Chinese carmaker Geely will invest $151.7 million in Manganese Bronze Holdings, aiming to restore profitability and expand the iconic London taxi brand overseas.
Fiat-Chrysler aims to expand its North American range to 16 Fiat and Alfa Romeo models by 2016, including new entries from both brands and the Alfa 4C sports car.