Category Archives: Mergers & Acquisitions

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The 2017 Automotive Mergers and Acquisitions Outlook

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Overview As we stand here in early 2017, we are further away from the all-time high in valuations and deal activity that we witnessed in 2015; but despite signs that the extended expansion cycle for the industry may be plateauing, automotive appears poised to remain a leading sector for M&A activity through 2017. Prognostics for … Continue reading this entry

Deal Activity Slightly Declines in 2016; 2017 Deal Makers Cautious

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Aggregate automotive industry M&A deal values for 2016 were down 34% to $41.0 billion compared to $62.1 billion in 2015 according to PwC’s recently released report, PwC Deals: Global Automotive M&A Deals Insights Year-end 2016. Deal volume also saw a slight downtick of 1.4% to 583 deals compared to the 591 deals of 2015. Deal … Continue reading this entry

More Auto Companies Bet on Car-Sharing

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Auto companies around the world have announced partnerships with car-sharing companies, or created their own car-sharing platforms. Toyota announced in October that it is investing in car-sharing service Getaround. Daimler launched a car sharing app called CROOVE, set to go live in Munich in December. General Motors partnered with Uber on its car-sharing program Maven (after investing … Continue reading this entry

Enjoy Your Holiday Weekend!

The Dashboard Insights team wishes you a safe and happy Labor Day. We’ll be back to our regular posting on Thursday, September 8. Thanks for your continued support of our blog!… Continue reading this entry

Technology Companies Continue Their Automotive Invasion

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As we have written about before, the difference between technology companies and automotive companies is getting smaller and smaller. That trend continues to progress. Samsung Electronics Ltd. is closer to becoming an auto parts supplier. As reported on AndroidHeadlines.com, “Last month Samsung Electronics acquired a stake in Chinese electric car company BYD, and according to a … Continue reading this entry

2016 Automotive M&A Outlook

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The automotive industry experienced extraordinarily high levels of deal activity in 2015. Mergers and acquisitions (M&A) in the sector are expected to remain strong in 2016, but deal volume and frequency may slightly taper off. Below is a summary of four key factors, taken from our recently published white paper on the subject, affecting automotive … Continue reading this entry

Self-Driving Cars - "IP Driving Acquisition"

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As Chair of Foley & Lardner’s Electronics Practice Group, I recently published a LinkedIn article about news reports of a group of German auto companies including BMW, Audi and Daimler acquiring HERE Global (Nokia’s map business) for U.S. $2.8 billion. Reuters says that HERE’s primary competitor is Google Maps. The Reuters article said that the auto companies outbid … Continue reading this entry

Automotive M&A Activity Remains Strong: Be Prepared

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Automobile sales are on the rise globally, and the automotive industry remains one of the hottest sectors for M&A activity. Analysts predict that the surge in deal flow that occurred during 2014 will continue or even accelerate throughout 2015. A recent report published by Ernst & Young identified the automotive industry as one of the top sectors … Continue reading this entry

Transforming the China Automotive Industry – Finding a Path Forward

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The Global Automotive Forum 2014 was held in Wuhan, China October 16-17. This was the fifth annual convening of the event by the China Council for the Promotion of International Trade (CCPIT), the last two of which have been held in Wuhan. The official title of the program was “The Vision for the Transformation of China’s … Continue reading this entry

New Amendments to Delaware Law Impacts Mergers and Defective Corporate Acts

Delaware recently passed amendments to its General Corporation Law, which will impact corporate and acquisition rules for the automotive industry. The amendments add several new provisions to the DGCL, including provisions that (1) allow a corporation to opt into a streamlined back-end merger process by removing the need under certain circumstances for a stockholder vote, … Continue reading this entry

SEC Approves JOBS Act Requirement to Lift General Solicitation And Advertising Ban Under Rule 506

On July 10, 2013, the SEC voted to lift the ban on general solicitation and advertising for offerings limited to accredited investors under Rule 506 and for offerings under Reg. 144A of the Securities Act of 1933. As mandated by the U.S. Congress under the Jumpstart Our Business Startups Act of 2012 (JOBS Act), the … Continue reading this entry