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Cleveland-Cliffs expects its second major deal in less than a year to boost sales in the automotive market. The steel industry saw its biggest slump in production in a decade as demand was hit hard by the coronavirus.September 28
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KKR bought Esg, Blackstone purchased a set of warehouses from Elion Partners and Asbury Automotive revived its deal for Park Place Dealerships.September 11
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GM is increasing its exposure to alternate-fuel vehicles, an area that increasingly has captured the attention of investors.September 8
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VW stoked doubts among investors about whether the deal would move ahead after acknowledging that talks were on hold due to the pandemic.September 4
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Dealers are increasing their used vehicle sales and improving the efficiency of their operations by reducing headcount, according to Kerrigan Advisors' Erin Kerrigan.August 25
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Auto tech companies have benefited from the boom in blank-check deals, as investors who might have earlier favored traditional IPOs now seek businesses with higher growthAugust 24
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While all travel-related companies have been hurt by the pandemic, a big part of what’s weighing on Hertz is its strategy of owning or leasing a large portion of its fleet outright instead of acquiring them through buyback agreements with manufacturers.May 21
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The Italian-American carmaker is seeking to shore up liquidity after burning through $5.5 billion in the first quarter while its North American plants were shuttered and new-car demand stalled.May 15
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Automotive aftermarket retailers are currently scrambling to launch or improve their e-commerce offerings with brick-and-mortar stores being closed. This is creating deal opportunities for PE firms such as Kian Capital.May 7
PartnerKian Capital Partners
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Jaguar Land Rover plans to spinoff its cars business, while deals involving BorgWarner and Asbury Automotive get impacted, as demand for vehicles drops.May 6
