PwC Says 2018 a Big Year for Big Deals
According to a new study of deals in the auto industry in 2018—as in acquisitions—conducted by PwC, even though the deal volume (903 for the year) was flat compared with 2017, the total deal value—$97.5-billion—was up 101 percent compared to 2017, in large part because nearly all of the acquirers “were focused on product expansion (buyers better positioning themselves for the vehicles of the future) or driving economies of scale.” Of the deals, there were what PwC describes as “mega-deals,” which were valued at $5-billion and over.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
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BMW, Marelli Expand Blockchain Parts Management
Deploying blockchain throughout the automotive supply chain process promises to improve parts and transaction tracking, transparency and adherence to standards.
The Age of Restructuring
As technology disruption drastically changes the automotive landscape over the course of the next decade, nearly all automotive-related businesses will face major restructuring.
Calsonic, Magneti Marelli Merger Yields New Name
Marelli is the new name of the automotive partsmaking entity created by the merger of Japan's Calsonic Kansei Corp. and Italy's Magneti Marelli SpA.
FCA Finalizes Magneti Marelli Sale
Fiat Chrysler Automobiles NV has completed the sale of its Magneti Marelli SpA parts affiliate to CK Holdings Co.
FCA’s CFO to Join Board of Directors
Fiat Chrysler Automobiles NV has named Richard Palmer, the company’s chief financial officer, to become one of three executive members of its board of directors.
Magneti Marelli Expands U.S. Headquarters
Magneti Marelli SpA plans a $13 million expansion for its North American headquarters that will add more than 100 employees.
Tech Watch 11/2018
Regular, even casual, readers of this space, or any space dedicated to technology underpinning self-driving vehicles, know one thing: LiDAR is hot right now.
FCA Ponders Sale of Comau Robotic Unit
Fiat Chrysler Automobiles NV is studying a plan to sell its Comau automation and robotics business for as much as €2 billion ($2.3 billion), sources tell Bloomberg News.
Innoviz Lidar Wins CES “Best of Innovation” Award
Israel’s Innoviz Technologies Inc.’s solid-state lidar system was selected as the “Best of Innovation” winner in the Vehicle Intelligence and Self-Driving Technology category by the organizers of the CES electronics show.
FCA’s Net Profit Slides 38% on U.S. Diesel Problems
Fiat Chrysler Automobiles NV hiked third-quarter unit sales and net revenue, but a special charge to cover possible fines over U.S. diesel emissions caused a 38% drop in net profit.
FCA Sells Magneti Marelli to Calsonic Kansei
Fiat Chrysler Automobiles NV has struck a deal to sell its Magneti Marelli partsmaking business to Japan’s Calsonic Kansei Corp.
FCA Nears Deal to Sell Magneti Marelli
Fiat Chrysler Automobiles NV reportedly is close to a deal to sell its Magneti Marelli partsmaking unit to Japan’s Calsonic Kansei Corp.
FCA Shuffles Executive Team
Fiat Chrysler Automobiles NV’s new CEO Mike Manley named his revamped management team today..
Magneti Marelli Debuts Computer-Controlled Headlamp
AutoBeat Group
FCA to Name Gorlier as Head of European Operations?
Fiat Chrysler Automobiles NV is close to naming Pietro Gorlier to head its operations in Europe, sources tell Bloomberg News.
Calsonic Lines Up $5.9 Billion Bid for Magneti Marelli
Japanese parts supplier Calsonic Kansei has arranged about €5 billion ($5.9 billion) in bank funding for its bid to acquire Fiat Chrysler Automobile’s Magneti Marelli parts affiliate, sources tell Reuters.
Report: FCA Ponders Other Buyers for Magneti Marelli
Fiat Chrysler Automobiles NV is considering other possible buyers for its Magneti Marelli partsmaking unit after KKR & Co. offered less than the €6 billion ($7 billion) minimum FCA sought.
Report: Magneti Marelli Sale Talks Stalled over Price
Fiat Chrysler Automobiles NV is asking for more than €6 billion ($7 billion) for its Magneti Marelli car parts business from would-be buyer KKR & Co., sources tell Bloomberg News.
Report: KKR in Talks to Buy Magneti Marelli
New York City-based private equity firm KKR & Co. is in talks to buy Magneti Marelli, Fiat Chrysler Automobile NV’s partsmaking subsidiary, sources tell Bloomberg News.
Magneti Marelli Buys Sensor Processing Firm
Magneti Marelli SpA has agreed to buy SmartMeUp, a French start-up that specializes in “perception software” for autonomous vehicles and smart cities.
There Are Hybrids & There Are. . . .
Hybrids tend to look like this, right?
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
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FCA Readies Magneti Marelli for Spinoff
Fiat Chrysler Automobiles NV has set up an Italian company called MM Srl to prepare its Magneti Marelli parts unit to be spun off as a Netherlands-registered company.
OldCo. and NewCo.: Which Are You?
Traditional auto suppliers should start developing their strategy today or run the risk of quickly running out of options.
Alfa Romeo Plans Giulia Coupe with Hybrid Option
Fiat Chrysler Automobiles NV’s Alfa Romeo unit is developing a coupe version of its Giulia sedan that will include a hybrid variant with a Formula One-style kinetic energy recovery system (KERS).
FCA Affirms Plans to Spin Off Magneti Marelli
Fiat Chrysler Automobiles NV says it has authorized management to develop and implement a plan to divest its Magneti Marelli parts business by early next year.
FCA Plans “Detailed” Analysis of Magneti Marelli Spinoff
Fiat Chrysler Automobiles NV says it will conduct a detailed review in April-June of the merits of spinning off its Magneti Marelli partsmaking unit.
FCA In Partnership Talks with Hyundai
Fiat Chrysler Automobiles NV says it is in talks with Hyundai Motor Co. about forming a non-equity technology alliance.
