Coverage tagged Mergers and acquisitions.
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French supplier Faurecia will form a new joint-venture with Dongfeng in Wuhan, targeting €2bn in deliveries to Dongfeng and its partners including Peugeot, Nissan, Honda and Kia.
Uber is negotiating an investment or partnership with Chinese carpooling app Dida Pinche as it seeks a foothold in a market dominated by Didi and Kuaidi.
General Motors is negotiating with activist investor Harry J. Wilson after his proposal for an $8bn share buyback and a board seat, seeking to avoid a shareholder proxy battle ahead of June’s annual meeting.
Dutch supercar maker Spyker has overturned a court-ordered bankruptcy, regaining creditor protection as it pursues new models and a merger with a US electric aircraft firm.
Fiat Chrysler Automobiles is set to spin off Ferrari, with CEO Sergio Marchionne signalling that further consolidation could follow as FCA seeks a stronger global position.
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.
Viktor Kharitonin has acquired the Nürburgring after Capricorn Group was forced to sell its majority stake due to financial difficulties.
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.
Fiat CEO Sergio Marchionne has again ruled out selling Alfa Romeo, despite ongoing speculation and Volkswagen Group’s reported pursuit of the Italian marque.
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.
Colin Kolles is reported to be involved with Caterham’s Formula One team following a takeover by a Swiss-Arab consortium, as Tony Fernandes steps away from the operation.
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.
The US government will auction Fisker Automotive’s assets this week in an effort to recover $168 million in federal loans, with interest from Wanxiang, Bob Lutz and others.
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.