Coverage tagged Mergers and acquisitions.
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Chinese automotive supplier Wanxiang aims to acquire A123 Systems’ civilian battery business using an independent trust, seeking to address US national security concerns and close the deal by February 2013.
Opel has dismissed a French media report suggesting PSA Peugeot Citroën could acquire it to challenge Volkswagen’s dominance in Europe, calling the speculation unfounded.
Cosworth’s owners have hired UBS to seek a buyer after the loss of Williams and Caterham leaves the British engine builder’s Formula One future uncertain.
NEVS has secured the rights to use the Saab name for its new electric car, resolving a dispute over the brand and clearing the way for production in Trollhättan next year.
Completion of Saab’s sale to National Electric Vehicle Sweden has been postponed after complications with the rights to the Saab name and delays in securing funding.
Volkswagen finalised its acquisition of the remaining 50.1% stake in Porsche on 1 August 2012, consolidating the sports car maker under its corporate umbrella after years of legal and financial manoeuvring.
BMW will halt hybrid component projects with GM and PSA Peugeot Citroën, opting instead for expanded technology collaboration with Toyota on fuel cells, electrification and a new sports car.
National Electric Vehicle Sweden will hire 200 engineers in Trollhättan as it prepares to relaunch Saab as an electric car manufacturer, focusing on a 2014 debut.
General Motors is considering a $3 billion investment for more than one-third of Isuzu Motors, potentially reviving a partnership ended during GM's 2006 restructuring.
Administrators overseeing Saab’s bankruptcy say the proceeds from selling the company and its assets will not be enough to clear the outstanding debt, with bids due by 10 April 2012.
A group of Japanese and Chinese investors has emerged as a leading bidder for Saab, proposing to restart production in Sweden with a focus on electric vehicles and battery assembly.
Audi is negotiating to buy Ducati from Investindustrial, with a proposed deal valuing the Italian motorcycle maker at €850 million including debt.
Tata Motors has denied reports that it made a $350 million offer for Saab, clarifying at Geneva that it is not seeking another carmaker acquisition.
Volkswagen aims to surpass Toyota and General Motors in worldwide vehicle sales by 2018, setting a target of 10 million annual deliveries and higher profitability.
Hero MotoCorp confirmed it is in talks with banks to raise funds for a possible bid for Ducati, as the Italian marque’s private equity owner seeks a sale.
Chinese firm Youngman has submitted a fresh offer for bankrupt Saab, aiming to revive the Swedish marque but faces obstacles over technology rights and asset sales.
The Swedish Debt Office has repaid the European Investment Bank loan guaranteed for Saab, taking on SEK 2.2 billion in debt and shares in Saab’s parts and tools units as collateral.
Following Proton's sale to DRB-Hicom, Lotus CEO Dany Bahar is searching for financial partners to secure the British sports car maker's future.
Spyker Cars NV will adopt the name Swedish Automobile NV following the sale of its sportscar division and ongoing uncertainty over the Saab brand rights.
GM has again refused to approve Saab's proposed sale to Chinese firms, citing concerns over technology transfer and shareholder interests as Saab faces a crucial court hearing.
Cooper Tire & Rubber Company has agreed to purchase the Krusevac tyre plant in Serbia, investing up to €50 million over three years to strengthen its European manufacturing base.
Chinese authorities are expected to approve the Subaru-Chery joint venture after Fuji Heavy Industries agreed to key branding and sales conditions.
Vijay Mallya confirmed a $100m deal giving Sahara India a 42.5% stake in Force India, with the Formula One team rebranded as Sahara Force India.
Saab’s last hope for survival in October 2011, a €70m bridge loan from Chinese firm Youngman, looked set to collapse after reports of a Beijing veto.