Wards Auto is reporting that the recently announced acquisition of Delphi Technologies by BorgWarner could be in jeopardy. The company’s news site says Delphi’s use of a $500 million line of credit is being interpreted by BorgWarner as a violation of…
Grupo Morsa, an automotive parts distributor based in Sinaloa, Mexico has joined the Aftermarket Auto Parts Alliance as an Auto Value shareholder. “Grupo Morsa is a fantastic fit for the Alliance,” said John R. Washbish, president and CEO of the…
BorgWarner Inc. has entered into an agreement to purchase Delphi Technologies PLC in an all-stock transaction that values Delphi Technologies’ enterprise at about US$3.3 billion. According to a joint press release, the deal creates “a global enterprise focused on innovating…
Mahle Aftermarket officially takes over Behr Hella Service (BHS) tomorrow, when all existing BHS activities are transferred to Mahle’s control. The new logistics center in Wrocław, Poland, the future hub for thermal management products for passenger cars, trucks, agricultural vehicles,…
The boards of Fiat Chrysler Automobiles and PSA Peugeot have signed a binding merger creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said…
Data analytics and consumer intelligence company J.D. Power has announced it will merge with Autodata Solutions, a provider of data and software solutions for the automotive ecosystem. The merger marks the completion of J.D. Power’s acquisition by private equity firm…
Two top brands in automotive repair and performance chemicals, Rislone and Hy-per Lube, are coming together to create a new line of premium products focused on high-performance. The new Rislone Hy-per family will include all the current Hy-per Lube motor…
Drew Technologies, Autologic Diagnostics, Farsight, and Bluelink Diagnostic Solutions — all companies within the Intelligent Vehicle Support (IVS) division of Opus Group AB, are unifying and will officially be known as Opus IVS. Bluelink was welcomed into the Opus IVS…
Fiat Chrysler Automobiles and PSA Group (formerly Peugeot Citroën Moteurs) plan to join forces through a 50-50 share swap to create the world’s fourth-largest automaker. FCA and PSA announced yesterday that they aimed to reach a binding deal to create…
After opening its Paris, Ark., manufacturing plant in 1963, Cloyes Gear and Products announced it has successfully regained ownership of the manufacturing operation from American Axle & Manufacturing (AAM). AAM held ownership of the plant following its 2017 acquisition of…
Automotive data company IHS Markit has announced the acquisition of Novation Analytics, a specialist provider of software solutions, data analysis, and advisory services to the automotive industry. Novation Analytics focuses on the modelling of vehicle energy efficiency and CO2 emissions…
Distribution Stox has acquired Provincial Tire Distributors, an Ontario-based company in business for more than 30 years. The acquisition is being described as “a major step forward” for the Quebec-based tire distributor, adding a new province to its distribution network.…