merger


REPORT: Ghosn still thinks Renault-Nissan should have partnered with GM in 2006

With all the trials and tribulations General Motors has endured during the past year, we almost forgot that the Detroit, MI-based automaker nearly got itself tied up with Renault-Nissan. Back in 2006, the two companies discussed joining forces to become a singular global automotive juggernaut, but in the end, GM felt it was in its best interests to go it alone and face the quickly disintegrating global automotive market by themselves. While GM's situation ultimately improved via bankruptcy and a $50 billion helping hand from the U.S. ... Read more →

Volkswagen looking to take stake in Suzuki by year's end? Michael Harley

The rumors keep coming. Just last month, we reported that Volkswagen AG was interested in a small slice of Suzuki Motors. Now, the German industry publication Automobilwoche is reiterating the same ...

Porsche and VW expected to keep NA operations independent? Noah Joseph

The German auto industry is in for a big shakeup with the news that Porsche will be merging with the Volkswagen group. But while Wolfsburg and Stuttgart prepare for mutual integration, on this side of ...

PSA Chairman Thierry Peugeot keen on merger Noah Joseph

It's buddy-up time in the European auto industry, and French automaker PSA/Peugeot-Citroen does not want to be left all by itself. With Fiat gobbling up automakers large and small, and General ...

REPORT: Porsche expects to book $979.5 million in profits for fiscal year Chris Shunk

Porsche may have gotten in over its head when it tried to take over Volkswagen outright, but that doesn't mean the German automaker is struggling to sell premium sports cars. The Stuttgart-based ...

Look Who's Talking Again: Porsche, VW resume negotiations 6 months ago on Autoblog

The way things read, Porsche might not have to get a merger deal done with Volkswagen, but it would appear to be in the carmaker's best interests if it does. The holdup seems to be Porsche – since VW still doesn't know what Porsche's financial situation is, talks broke down earlier this week. ...

VIDEO: Hoofy and Boo's take on the Chrysler-Fiat tie up 6 months ago on Autoblog

You may or may not have heard of Hoofy and Boo. They're animated characters from the site Minyanville. Hoofy is the big, confident anchorman that just so happens to be a CGI bull. Boo is a bit more cynical about the world at large, and it appears he's not very fond of Chrysler or Fiat for that ...

Porsche and Piech companies to own about half of post-merger VW? 6 months ago on Autoblog

Porsche's merger with Volkswagen is a step back from Porsche taking outright control of VW, something the automaker has been fighting various German entities to do for over a year. The willingness to co-exist is being put down to Porsche's debt levels, which can't be easy to refinance when banks ...

Porsche denies rumored plans to sell itself to Volkswagen and swap CEOs 7 months ago on Autoblog

Here at Autoblog reports regularly cross our desks suggesting all sorts of contorted deals supposedly being brokered between automakers. This one's in bed with that one, that one's selling the other but retaining a minority interest, another one's starting a joint venture with yet another while ...

Despite denial of Fiat/Opel tie-up, critics say alliance would be "far more compelling" than Chrysler deal 7 months ago on Autoblog

Despite Fiat SpA chairman Luca de Montezemolo (above) denying that his company is interested in purchasing General Motors' Opel brand, a new report by The Wall Street Journal indicates that many investors and analysts apparently find the alleged tie-up to be "far more compelling" than Fiat's ...

REPORT: GM bondholders could still spur Chrysler merger 9 months ago on Autoblog

It's the General Motors and Chrysler merger saga, take three. A few months ago, GM said "No can do" to the union, taking off its ring and walking out of church. Now GM's bondholders may be contemplating a shotgun wedding, forcing The General back to the altar over the debt-equity swap the automaker ...

Chrysler still thinks merging with GM a good idea 9 months ago on Autoblog

General Motors may have put a merger with Chrysler in its rear view mirror, but the Pentastar apparently thinks a tie-up might still be a good idea. Chrysler called a potential pairing with the General the "best option" for the Auburn Hills, MI-based automaker, saying that it would reap five times ...

Chrysler/Nissan partnership frozen, Ram-based Titan and Chrysler small car in jeopardy 9 months ago on Autoblog

Times are tough all over the auto industry, but the situation at Chrysler seems to be far more dire. Chrysler's sales numbers are significantly worse than they are elsewhere in the industry, with January sales plunging by 55%. In December, the Pentastar received $4 billion from the U.S. government ...

Fiat-PSA Merger: In the cards or off the table? 10 months ago on Autoblog

Everybody remembers the first two rules of Fight Club. But what about the rest of them? Like the fourth rule: "Only two guys to a fight," and the fifth rule: "One fight at a time, fellas." In mergers and acquisitions terms, only two parties to a merger, and one merger at a time. Well it looks like ...

Fiat and PSA Peugeot/Citron to merge? 11 months ago on Autoblog

Two storied European nameplates might combine operations as rumors are flying that Fiat and PSA Peugeot/Citroën may find the road to future profits easier to travel together. The first rumblings of potential trouble at Fiat came when its CEO Sergio Marchionne suggested his company's future ...

Chrysler stops talks with Nissan/Renault in favor of GM 1 year ago on Autoblog

If Cerberus is ever going to shed itself of Chrysler, it looks like a deal will happen with soon-to-be former rival General Motors. Automotive News is reporting that no further talks have been scheduled between Nissan/Renault and the Auburn Hills-based automaker, as Cerberus has determined that the ...

Cerberus attempting to buy remaining stake in Chrysler from Daimler 1 year ago on Autoblog

One aspect of the possible GM/Chrysler merger often overlooked is that Daimler didn't completely divest itself of its Chrysler ownership back in early 2007, and the German automaker's 19.9% stake could get in the way of any deal. Daimler has been clear that it is disinterested in becoming part of ...

Surprise: UAW would be against merger 1 year ago on Autoblog

In an announcement that should be anything but shocking to anyone who even remotely follows the auto industry, United Auto Workers head Ron Gettelfinger says he and the UAW would be against any merger between automakers that would reduce either company's workforce. Considering that the Union's main ...

In addition to Nissan/Renault, Chrysler has been talking with Tata, Fiat 1 year ago on Autoblog

Bob Nardelli, Chrysler's current CEO, has given his employees the closest thing to an admission as we are likely to see that the company has been in serious negotiations with other automakers regarding future product plans and possibly even mergers. As has been widely reported over the weekend, ...

NYT at it again: GM originally talked with Ford about merger 1 year ago on Autoblog

Bill Vlasic, the man who was kind enough to drop the GM/Chrysler pseudo-bombshell on us late Friday night, posted a follow-up to his remarkably unremarkable story claiming that General Motors originally had talks with Ford about a possible merger before approaching the Pentastar people. Again, the ...

BREAKING: GM and Chrysler talking about merger 1 year ago on Autoblog

Our heads are still reeling from one of the most tumultuous financial weeks on record, and the auto industry was far from immune. But despite our best efforts to drown our concerns in Racer5 IPA, the hits keep coming, and this time it's courtesy of the New York Times. The Gray Lady is reporting ...

Will we see (or hear) an XM/Sirius merger decision by months end? 1 year ago on Autoblog

It seems like forever ago when rumors started about a merger between Sirius and XM satellite radio. The rumors were made slightly more official when the two companies announced the "merger of equals" last year. Where have we heard that before? Nobody expected this $4.2 billion transaction to be a ...

China's SAIC to revive historic Longbridge UK plant 1 year ago on Autoblog

MG's former Longbridge, UK headquarters has been pretty quiet since production ceased in 2005. Newly-merged owners SAIC and Nanjing want the clatter of carbuilding to once again echo through the plant and plan to base their European and overseas operations there. The plant itself has the capability ...

Speculation for 2008: Ford and Chrysler to merge? 1 year ago on Autoblog

Chrysler and Ford have been at the top of the headlines all year long for various reasons, with Ford continuing to slim down by selling off its PAG brands, while Chrysler got dumped by Daimler and went private at the hands of Cerberus Capital Management. 2008 looks to be an equally interesting year ...

Post-merger, Fiat ditches Nanjing joint venture 1 year ago on Autoblog

Hot on the heels of Nanjing Auto's merger with SAIC, Fiat has announced it has pulled out of the automotive joint venture it had embarked upon with Nanjing. The Sino-Italian operation had been a money-losing enterprise for years. Fiat says that Nanjing failed to live up to its commitments to the ...

SAIC and Nanjing merge to form mega Chinese auto group 1 year ago on Autoblog

Industry analysts widely agree that one of the principal factors preventing Chinese automakers from succeeding outside of China is the local industry's fragmentation, with over 100 automakers vying for their slice of the proverbial pie. However, a merger announced Wednesday between two major Chinese ...

Daimler on the rebound looking for a new partner 2 years ago on Autoblog

Dating on the rebound is rarely a good idea, and the soon to be former DaimlerChrysler appears set to prove it again. From a purely business standpoint, the marriage of Daimler Benz and Chrysler should have been a good thing. Both companies would have expanded their reach with relatively little ...

RE: buhbye - Zetsche bids farewell to Chrysler employees via e-mail 2 years ago on Autoblog

Looking to exit, stage left on a melodious note, Doc Zee has bid the Chrysler team a semi-farewell via email. The message was a polite "thank you," instead of the possibly more appropriate "thanks for letting us swoop in from Stuttgart, blast through your cash and let your product line languish." ...

A la carte ordering coming to XM/Sirius 2 years ago on Autoblog

I've always chosen an iPod over ordering either of the two satellite radio providers, XM and Sirius, for one simple reason: I can listen to only what I want. With satellite radio, you pay a monthly fee, around $13/month, and get a bunch of channels, most of which I've found I'll pass right by on the ...

Sale of Chrysler will cost DCX $673m 2 years ago on Autoblog

In the history of big business, few mergers and takeovers can hold a candle to the $36 billion "merger of equals" that Daimler pulled off in 1998. When the dust settled, DCX stock was up in the stratosphere, and German executives were hailed as conquering heroes. Only nine years later, the folks ...

Ghosn seeking partnership with US automaker again 2 years ago on Autoblog

According to the French newspaper Le Parisien, Renault-Nissan CEO Carlos Ghosn is on the hunt again for a U.S. partner. Considering that talks with General Motors about a possible alliance fell through last year when neither side could agree on what the other's partnership was worth, Ghosn has only ...

BMW buying Volvo rumour circulates again 2 years ago on Autoblog

Earlier this month, Autocar reported that BMW had expressed significant interest in buying the Volvo brand from Ford Motor Company early in 2007. The report claimed BMW had gone so far as to request financial data about the Swedish automaker. Yesterday, the Swedish newspaper Goteborgs Posten threw ...

Cerberus walks away from Delphi to focus on Chrylser 2 years ago on Autoblog

One of the major players in the acquisition of bankrupt mega-parts supplier, Delphi, is Cerberus Capital Management. That name should ring familiar to anyone following the ongoing saga of the (potential) sale of Chrysler, as Cerberus is one of the three firms making a play for the ailing side of ...

XM and Sirius planning less expensive a la carte packages 2 years ago on Autoblog

We had an idea that the XM/Sirius merger wasn't exactly going to be a win for the customer, and now we hear that XM and Sirius will be offering tiered pricing with plans that are both lower and higher-priced than their current $12.95/month service. Certain "a-la carte" plans will actually come in ...

More details on XM / Sirius merger revealed 2 years ago on Autoblog

There are a lot of questions surrounding the proposed merger of competing satellite radio providers XM and Sirius. USA Today had a chance to ask a few to Sirius CEO Mel Karmazin, the would-be CEO of the two companies if the merger is allowed to take place. Below are some bullet points from the ...

Autoblog Podcast #58 2 years ago on Autoblog

Being the pundits we are, we have plenty to say in Autoblog Podcast #58. We start right off addressing the rumors of a GM/Chrysler deal, and offer myraid reasons why it's not a good idea yet may be justifiable to some folks. We move on to flogging the VW/GM suicide commercial debate for a little ...

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Autoblog Podcast #153: With Phil Berg

Phil Berg puts his reputation on the line and hangs with the podcast crew.

 
 

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