Mergers & Acquisitions
Automotive News tracks hundreds of dealership buy-sell deals each year. Here are the latest.
Foundation Automotive Corp. in December sold a pair of dealerships in North Dakota to an auto retailer with ties to the area.
Asbury Automotive Group said its planned acquisition of Herb Chambers Cos. includes 33 dealerships, 52 franchises, and three collision centers.
Honda would be open to resuming negotiations under a new Nissan CEO who could better manage opposition within Nissan, according to the Financial Times.
Shares of American Axle stock were up more than 10 percent in Feb. 14 after the supplier reported it made $35 million in 2024 on revenue of $6.12 billion, up just slightly from $6.08 billion a year before.
The group aims to sell 710,000 units this year and make a renewed push overseas targeting European, Middle East and East Asia markets.
Renault, which is Nissan’s biggest shareholder, will not give up its Nissan stake without seeking a premium from whoever gains control over its longtime alliance partner.
An entity affiliated with Atlantic Coast Automotive has sued the sellers of Vision Auto Group over allegations of breach of contract in its 2022 acquisition of 10 New York franchised dealerships.
The merger talks unraveled over matters including Honda's abrupt decision that Nissan should become a subsidiary and demands that the Japanese automaker should shed jobs and close plants, Reuters reported.
Foxconn could offer Nissan a lifeline by buying Renault’s stake in Nissan.