mergers


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 →

REPORT: Porsche denies word that CEO Wiedeking will hand over the keys amidst deal talk Jonathon Ramsey

This executive cycle isn't uncommon, especially in Germany: CEO displays great leadership over time, then decides to do something daring, then gets caught in a series of unfortunate events, then gets ...

REPORT: German union leader calls on Porsche CEO to end ego trip, merge with VW Jonathon Ramsey

Volkswagen labor union chief Bernd Osterloh has called out Porsche's CEO for holding up a merger between the two German automakers: "Together, one could do a whole lot of more things if [Wendelin] ...

Look Who's Talking Again: Porsche, VW resume negotiations Jonathon Ramsey

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 – ...

Porsche and Piech companies to own about half of post-merger VW? Jonathon Ramsey

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 ...

Documents reveal Chrysler tried to sell parts to Chinese, tie-up with almost every automaker 7 months ago on Autoblog

According to an affidavit filed in the New York U.S. Bankruptcy Court where Chrysler filed for Chapter 11, the automaker's Co-President and Vice Chairman Tom LaSorda is quoted as saying "Chrysler has attempted in recent weeks to sell product lines and other units to a number of Chinese companies, ...

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 ...

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 ...

Analysts Gone Wild: Could VW buy Chrysler? 1 year ago on Autoblog

David Cole at the Center for Automotive Research (CAR) says that there is going to be another round of mergers in the auto industry. That's not difficult to swallow, with execs at smaller companies like Renault's Carlos Ghosn having been on the hunt for good alliances for years. Even German nemeses ...

Cerberus snag digesting Chrysler? 2 years ago on Autoblog

The euro has reached a record high against the dollar, and that is partly to blame for rumors of Cerberus' difficulty in getting the money to pay for Chrysler. Cerberus is paying DaimlerChrysler $7.4 billion for 80.1% of Chrysler Group, but it is trying to borrow $20 billion. With interest rates on ...

Porsche borrows 10 billion euros to buy VW 2 years ago on Autoblog

Porsche is not going to let up on its acquisition of VW. The Stuttgart maker of neun-ein-eins has tapped into a network of 37 lenders for a $13.7 billion loan to finance its purchase of VW shares. The money will go to pay for outstanding Volkswagen shares, since VW shareholders only offered up ...

Acquisition and mergers and joint ventures, oh my! 3 years ago on Autoblog

Forbes automotive columnist Jerry Flint provides a history lesson of various automotive couplings and even triads to illustrate that while a few have been beneficial to one or (rarely) all parties, most fall flat on their faces. None, however, are easy for any of the parties, successful or not. ...

Should the Big Two become the Big One? 3 years ago on Autoblog

The Big One -- that's an interesting thought. The Wall Street Journal has subscribed to the idea that two wrongs make a right, urging General Motors and Ford Motor Company to go in on it together to hopefully come out stronger in the end. The two would enjoy a 40 percent market share in North ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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