Saturday, May 30, 2009

Mergers & Aquisitions of Automobiles Industry

Tata Motors acquire Jaguar & Land Rover two iconic brands in 2008.GMC collaborating with Toyota his major competitor, to work on Hybrid Engines and Fuel Cells technology. GMC is counting on even more efficiencies to be gained through its 20 percent purchase of Fiat to compete in Europe and in rest of the world to save millions and billions of dollars.Cerberus acquired an 80.1 percent stake in Chrysler in August 2007 for $7.4 billion from the German automaker Daimler AG. Now GMC is in talks to merge Chrysler with them, the deal is going to take place in few weeks & the chances of merger are 50-50 October, 2008. Porsche made a bid for Volkswagen that values the carmaker at 35.8 billion euros ($47.7 billion), a low offer aimed at leaving Porsche with a controlling stake rather than full ownership. Toyota may add 30 billion yen at Tohoku plant in Japan at the end of year 2008. Hyundai set to launch his new plant in Czech Republic by the end of November 2008.

No comments:

Post a Comment