Dec 18 (Reuters) – Fiat Chrysler and Peugeot maker PSA on Wednesday accomplished a bounden acceding for their almost $50 billion merger, as the auto industry scrambles to advance zero-emissions cartage and accouterment slowing demand.
Following is a agenda of the industry’s best important alliances and accord deals:
December 2019 – Fiat Chrysler and PSA ability a bounden acceding on a $50 billion amalgamation to actualize world’s No. 4 carmaker. Aim to complete accord in 12-15 months. October 2019 – Companies affirm talks over a abeyant deal.
May 2019 – Fiat Chrysler proposes a accord of equals with French battling Renault but afterwards withdraws the abstraction afterwards the French government demands concessions.
October 2018 – Honda Motor Co says it will advance $2.75 billion and booty a 5.7% pale in General Motors Co’s Cruise self-driving unit. June 2018 – Ford and Volkswagen bare an accord in bartering vehicles, admitting they say they accept no affairs for an disinterestedness bandy or cross-ownership structure. February 2018 – Geely Chairman Li Shufu reveals he has bought a 9.69% pale in Mercedes-Benz ancestor Daimler account about $9 billion. January 2018 – Mazda and Toyota say they will accessible a $1.6 billion collective adventure branch in Alabama in 2021. Toyota takes a 5% pale in Mazda as allotment of the deal. August 1, 2017 – General Motors sells European brands Opel and Vauxhall to PSA for 2.2 billion euros. May 2016 – Nissan buys 34% pale in Mitsubishi Motors, handing it de facto ascendancy in a $2.2 billion deal. January 2016 – Toyota, which already endemic 51.2% of Daihatsu, buys the blow in an all-stock accord account $3 billion. September 2015 – Fiat Chrysler CEO Marchionne emails GM arch Mary Barra allurement her to analyze a aggregate of the two carmakers but is rebuffed. April 2015 – French accompaniment ups Renault pale to 19.74% from 15% in a accord advised to block efforts by Nissan to access its access over Renault.
January 2014 – Fiat buys 41.46% of Chrysler it did not already own in a $4.35 billion deal. July 2012 – Volkswagen takes ascendancy of Porsche. April 2010 – Renault-Nissan bang-up Carlos Ghosn and Daimler CEO Dieter Zetsche bare arms-length accord including cross-shareholdings of about 3%.
March 2010 – China’s Zhejiang Geely Captivation buys Volvo cars from Ford $1.8 billion. 2008 – India’s Tata buys Jaguar and Land Rover from Ford for $2.3 billion. 2007 – Daimler sells 80% pale in Chrysler to clandestine disinterestedness close Cerberus for 5.5 billion euros. March 2000 – Ford buys Land Rover from BMW for $2.7 billion. March 2000 – BMW sells Rover but retains buying of Mini. March 1999 – Renault and Nissan assurance an accord which after-effects in Renault captivation a 44.4% pale in Nissan, while Nissan bought 15% of Renault shares. January 1999 – Ford buys Sweden’s Volvo cars for $6.45 billion. September 1998 – Volkswagen buys Lamborghini. July 1998 – Volkswagen buys Bentley and Bugatti. May 1998 – Daimler-Benz buys Chrysler for $36 billion. January 1994 – BMW buys Rover Group for 800 actor pounds. December 1990 – Czech government allows Volkswagen to buy Skoda. June 1986 – Volkswagen buys 51% of Seat. (Reporting by Edward Taylor; Editing by David Holmes and Josephine Mason)
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