Uber is ready to sell off its two-year-old Xchange leasing program, according to multiple reports. Earlier in 2017, Uber announced it was planning on ending the program due to heavy losses. While the company had previously estimated losses averaging nearly $500 per car, new revelations place that...Read More»
Key Safety Systems, a Michigan-based supplier of safety components for manufacturers, has agreed to purchase maligned Japanese airbag manufacturer Takata for $1.6 billion, The Associated Press reported Tuesday. Takata’s ongoing airbag recall scandal forced the company into bankruptcy earlier...Read More»
Chinese automaker Geely has been given the all-clear to purchase would-be flying-car manufacturer Terrafugia, ending months of scrutiny after the acquisition was first reported last summer. While most carmakers—including Geely-owned Volvo—are developing self-driving car technologies in...Read More»
![Jeep Yuntu concept, 2017 Shanghai auto show [photo: Ronan Glon]](https://static.hgmsites.net/images/cache/jeep-yuntu-concept-2017-shanghai-auto-show-photo-ronan-glon_100600524_151x113.jpg "Would the U.S. really let Fiat Chrysler sell Jeep to Great Wall?")
A week ago, we learned that Chinese automaker Great Wall is very, very interested in purchasing Jeep from Fiat Chrysler Automobiles. If Great Wall were to make a formal offer, there are perfectly good reasons that FCA might accept it (e.g. moolah) or reject it (e.g. more moolah from another...Read More»
For nearly three years (and maybe longer), Fiat Chrysler CEO Sergio Marchionne has been looking for a pal, a partner to help him improve the FCA lineup and lay a strong foundation for the company's future. After being rebuffed and left-swiped by a handful of potential soulmates, he may have finally...Read More»
A week ago, Fiat Chrysler Automobiles' merger-minded CEO, Sergio Marchionne, said that he fully expected Volkswagen to come a-courtin' "at the relevant time". This week, Volkswagen CEO Matthias Muller confirmed that, yeah, he might be interested in a hook-up, too. That's a rapid about-face for...Read More»
Fiat Chrysler Automobiles' CEO Sergio Marchionne is still on the lookout for a business partner. He has a hunch, though, that the partner may come looking for him. Speaking on the floor of the Geneva Motor Show earlier this week, Marchionne indicated that he'd be open to pursuing a merger with...Read More»
Tesla isn't the only company with an urge to merge today: ride-sharing powerhouse Uber plans to merge its operations in China with the market-dominating Didi Chuxing. Details of the plan came from Didi Chuxing, which will own Uber's brand and data in China. Under the terms of the merger, Uber China...Read More»
Hot on the heels of yesterday's stunning revelation that Mitsubishi Motors probably lied about fuel economy stats on all of its Japanese-market vehicles comes word that the troubled automaker has sold a controlling stake of its shares to Nissan. The deal includes Nissan's purchase of 506.6 million...Read More»
For months, Sergio Marchionne has spoken very publicly about wanting to merge Fiat Chrysler Automobiles with General Motors. Some have worried that FCA's CEO might resort to drastic measures to achieve his dream, but it appears he's finally given up -- at least for the next five years. GM wasn't...Read More»
Many jokes have been made about Fiat Chrysler Automobiles CEO Sergio Marchionne and his curious -- some would say quixotic -- quest to merge FCA with General Motors. At first, it seemed like an idea that came out of a happy-hour brainstorming session, a piece of spaghetti that didn't quite stick to...Read More»
In late May, rumors began circulating that the CEO of Fiat Chrysler Automobiles, Sergio Marchionne, had proposed a merger with General Motors in an email to CEO Mary Barra. By all accounts, Barra shot him down, refusing to discuss the matter further. But as Bloomberg reports, Barra's would-be...Read More»
The San Francisco Chronicle has suggested that tech giant Apple seriously considered purchasing start-up automaker Tesla. How seriously? Reporters Thomas Lee and David R. Baker say that Apple's mergers and acquisitions chief, Adrian Perica, met with Tesla CEO Elon Musk last spring, presumably to...Read More»
The 2014 Jeep Cherokee may be nowhere in sight, but Chrysler's plan to become a publicly traded company is on full view. Yesterday, the automaker filed the paperwork for its initial public offering with the U.S. Securities and Exchange Commission. As we reported last week, this isn't exactly how...Read More»
Earlier today, Sergio Marchionne told reporters that he has no intention to merge the operations of Fiat and Chrysler. To some, that will signal trouble in paradise; others will see it as evidence of the CEO's caution and forethought as he retools a troubled company. We tend to side with the...Read More»
As U.S. car buyers slog through their last year of shopping for the warmed-over 2010 models that Chrysler has been offering since before its bankruptcy, the great Fiat-Chrysler combination continues. Yesterday, a surprise emerged: Contrary to published reports, the larger cars and crossovers...Read More»
Mergers and acquisitions are a hot topic this week, so we'd be remiss if we didn't mention that Volkswagen has ramped up plans to buy out its sporty sister, Porsche. You might recall that VW's takeover is rolling out in stages; during the first phase, VW had planned to purchase a 42% stake in...Read More»
