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takeover

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    Report: ZF moves to buy TRW in surprise acquisition bid
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    There was a big shakeup in the automotive supplier market late last week, as Germany's ZF, a company well regarded around these parts for its gearboxes, submitted a surprise preliminary offer to purchase Michigan-based TRW Automotive, a supplier of safety systems, suspension components, and so ...

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    Report: Volkswagen eyeing Ferrari stake?
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    If Volkswagen has taught us anything, it's that you can never be too rich or have too many high-dollar automakers under your umbrella. Europe's largest auto group already encompasses Lamborghini, Bugatti and Bentley, is in the process of absorbing Porsche, and makes a couple more six-figure ...

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    Hurry Up and Wait: Report says GM has no planned announcements regarding Saab
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    Don't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties. Speculation and rumor-mongering ...

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    REPORT: VW finished eating companies, will now focus on digestion
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    We have a feeling historians will spending a fair portion of next few years finding new words to describe just how bad this year was for the auto industry. And then, at some point, they'll get around to Volkswagen, a company that has been zagging while almost all others zigged. Over the last ...

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    Despite denial of Fiat/Opel tie-up, critics say alliance would be "far more compelling" than Chrysler deal
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    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 ...

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    European Union taking Germany to court over amended VW Law
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    In a move that may undermine Germany's protection of Lower Saxony and its close ties to Volkswagen, the European Commission plans to review the case of Volkswagen Law in the European Union's top court. As you may recall, Porsche has been trying to take majority control of rival Volkswagen. However, ...

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    Rumormill: Mercedes preparing to buy out McLaren
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    click above to view more high-res pics of the Mercedes SLR McLaren Roadster No comment. That's what the Mercedes-Benz communications office had to say in response to rumors that the company is preparing to take over McLaren, the racing team and engineering firm of which Daimler already owns 40%. ...

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    All reports point to Porsche gobbling up majority stake in VW
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    The ongoing saga, "As the VW Takeover Turns" received a new update via Germany's Der Spiegel news mag (think Time, Newsweek, etc.), where a report revealed that Porsche is aiming to raise its stake in Volkswagen to 51-percent. The Deutsch weekly cited unnamed stock market sources that claim ...

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    Porsche officially files for takeover bid of VW
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    Reuters is reporting that today, Porsche has politely asked the European Commission if it can take over Volkswagen. The short filing by Reuters goes on to state that the Commission has until July 2nd to either give the green light or look into the matter further. Naturally, we'd expect the E.C. to ...

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    VW rejects Porsche's takeover bid
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    When Porsche decided to exercise its option to purchase more VW stock, its stake was raised to over 30%. That triggered a German law that required the low-volume luxury automaker to launch a bid for all outstanding public shares of Europe's largest automaker. Usually when one company wants to ...

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    Porsche getting a new name next month
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    In an effort to redefine itself as the next great German monolith, "Dr. Ing. H.c F. Porsche AG" will be rebirthed as "Porsche Automobil Holding SE" during a meeting on June 26th.The reasoning behind the renaming is to better reflect Porsche's investment in other automobile manufacturers, namely ...

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    Cerberus walks away from Delphi to focus on Chrylser
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    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 ...

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    Could a Chrysler-free Daimler be a takeover target?
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    The law of unintended consequences strikes again. There's a new twist in the soap opera that is Daimler minus Chrysler. A DaimlerChrysler without the US branch and its associated liabilities would be a significantly smaller company and a potentially much more attractive takeover target. The ...

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    Big Wig to Big Rig: Pischetsrieder to oversee truck merger
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    The earliest reports on the "resignation" of Volkswagen group CEO Bernd Pischetsrieder indicated that while he'd be replaced as chief executive, he would be retained to take on "special assignments". What such ambiguous duties might entail was a mystery, but it's looking like he may be put in ...

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    I want my baby back! Fiat to repurchase Ferrari shares
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    Fiat is increasing its stake in Ferrari, buying back the shares it sold to Italian investment bank Mediobanca during Fiat's financial troubles in 2002. The Turin-based auto conglomerate is the undisputed Don of the Italian car business, controlling Ferrari, Maserati, Alfa Romeo, Lancia, Iveco and ...

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    Nissan responds to GM alliance talk
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    Here's Nissan's official response to the flurry of speculation caused by Tracinda Corp., Kirk Kerkorian's investment company, when it sent a letter to General Motors suggesting the automaker immediately explore joining Nissan and Renault's alliance. Issued by Nissan Motor Co., Ltd., Tokyo, ...

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    Porsche wants a bigger piece of Volkswagen
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    Porsche AG is on its way to becoming a blocking minority stakeholder in Volkswagen AG, attempting to raise its stake in the struggling automaker by 3.9 percent of total shares to a total stake of 25.1 percent. The only thing standing in its way at the moment is clearance from the German Cartel ...

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