M&A and JV deals: Latest news and analysis articles

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Value and future prospects drive Volkswagen interest in Europcar

25 June 2020 | Dave Leggett

Volkswagen Group is said to be interested in acquiring French car rental firm Europcar. Why would VW be interested in such a buy? The answer lies in a mixture of the timing of the opportunity and an eye on long-term industrial trends.

BMW and Mercedes autonomous drive collaboration reset by COVID-19

22 June 2020 | Dave Leggett

BMW Group and Mercedes-Benz are putting their cooperation on development of next-generation technology for automated driving temporarily on hold.

PSA-FCA’s proposed merger just got messy and there’s no clear pathway out

19 June 2020 | Calum MacRae

On 17th June the European Commission (EC) announced it was opening an in-depth investigation into the proposed PSA-FCA merger due to concerns over the merged company’s dominant market share in light commercial vehicles (LCVs) under 3.5 tonnes gross vehicle weight (GVW).

COVID-19 adds to M&A rationale in automotive sector

21 May 2020 | Dave Leggett

Exor NV – Fiat-Chrysler’s (FCA’s) largest investor – has confirmed the timing for the proposed FCA-PSA merger for completion by early 2021 as initially announced. It is both a timely reminder that the long-term drivers of mergers and acquisitions (M&A) in the automotive sector have not gone away and that the COVID-19 crisis and its impact on companies will actually accelerate restructuring.

Latest news

CATL and Honda agree EV battery strategic alliance

10 July 2020 | Graeme Roberts

China's Contemporary Amperex Technology Limited (CATL) and Honda Motor said they had signed an agreement "to form a comprehensive strategic alliance on new energy vehicle batteries to strengthen their strategic partnership and promote the popularisation of e-mobility".

Amazon to use stock awards to keep Zoox workers - report

10 July 2020 | Graeme Roberts

Amazon plans to create at least US$100m in stock awards to retain the approximately 900 employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant, Reuters reported.

Hyundai-Kia and SK Group heads discuss future EV collaboration

8 July 2020 | Graeme Roberts

Hyundai Motor Group executive vice chairman Chung Euisun this week met with the chairman of South Korean conglomerate SK Group, Chey Tae-won, to discuss opportunities to collaborate on electric vehicles (EVs).

Volvo Cars invests in blockchain firm

8 July 2020 | Dave Leggett

Geely-owned Volvo Cars says it has made an investment in blockchain technology firm Circulor through the Volvo Cars Tech Fund, the company’s venture capital investment arm.

EU regulators extend PSA-FCA merge probe

7 July 2020 | Graeme Roberts

EU antitrust regulators have extended their investigation into the proposed merger of Fiat Chrysler and PSA to 13 November, the European Commission (EC) said.

Daimler to sell French Smart plant

3 July 2020 | Graeme Roberts

Daimler's Mercedes-Benz AG said on Friday it would start talks to sell its Smart car plant in Hambach, France, "with the aim of giving the location the best possible future prospects".

Hyundai Mobis investing in overseas VC funds

3 July 2020 | Dave Leggett

Hyundai Mobis says it is diversifying its investment strategies by investing in global venture funds.

Faurecia acquires start-up IRYStec Software

3 July 2020 | Dave Leggett

Faurecia has announced the acquisition of the Canadian start-up IRYStec Software. IRYStec has developed the world’s first software platform using perception and physiology to optimize the user experience of display systems.

Veoneer and Volvo Cars finalise split of software JV Zenuity

2 July 2020 | Graeme Roberts

Automotive technology company Veoneer has finalised the split of Zenuity, its software and ADAS joint venture with Volvo Cars.

Toyota RAV4 PHEV becomes Suzuki ACross

1 July 2020 | Glenn Brooks

As reported recently, Toyota began building a version of the RAV4 plug-in hybrid for Suzuki in June. Now the ACross has been officially announced ahead of its arrival in left- and right-hand drive European markets commencing in October.

Amazon to acquire autonomous ride hailer Zoox

29 June 2020 | Graeme Roberts

Amazon said in a blog it had signed an agreement to acquire Zoox, a California-based company working to design autonomous ride-hailing vehicles from the ground up.

Bridgestone completes iTrack Solutions purchase

26 June 2020 | Simon Warburton

Bridgestone has completed the purchase of iTrack Solutions Business from UK-based Transense Technologies.

South Korea targets urban air mobility services by 2025

26 June 2020 | Graeme Roberts

The South Korean government this week established a "task force" to develop and commercialise urban air mobility (UAM) services for its domestic market by 2025, according to local reports.

BMW and GWM China JV factory under construction

25 June 2020 | just-auto plus

The Spotlight Automotive Factory, a JV between Great Wall Motors (GWM) and BMW Group to make EVs (including electric Minis), has begun construction in Zhangjiagang, Jiangsu province, and the project is progressing smoothly as planned, GWM says.

Jaguar Land Rover supplying wireless charge taxis to Oslo

25 June 2020 | Graeme Roberts

Tata Motors' Jaguar Land Rover said it had agreed to support Oslo, Norway, with the world's first high powered wireless taxis.

Constellium to head EV aluminium battery enclosures project

25 June 2020 | Graeme Roberts

Constellium said it would head a consortium of automotive manufacturers and suppliers to develop structural aluminium battery enclosures for electric vehicles.

Adient modifies Yanfeng JV deal

24 June 2020 | Graeme Roberts

Seating supplier Adient is amending its previously announced agreement with Yanfeng Automotive Trim Systems (Yanfeng) to change existing joint venture relationships.

Volkswagen eyes Europcar - report

24 June 2020 | Graeme Roberts

Volkswagen AG is in talks to acquire French car rental firm Europcar Mobility Group in a deal that would allow VW to better capitalise on its fleet, Reuters sources said.

Mitsui Chemicals launches European production site

23 June 2020 | Simon Warburton

Mitsui Chemicals and Prime Polymer have launched operations at Mitsui Prime Advanced Composites Europe (ACE), a joint venture first established in June, 2018 with Mitsui & Co.

Didi Chuxing and BAIC form self driving partnership

23 June 2020 | just-auto.com editorial team

Chinese ride hailing company Didi Chuxing has entered into a strategic partnership with local carmaker BAIC Group, according to local reports.

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