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Auto Parts Industry Looks for New Deals
2015-12-16 03:49:24| Auto Parts - Topix.net
Auto parts makers, flush with cash and bolstered by U.S. sales running at more than a decade-high, are preparing to crank up their merger and acquisitions activity to advance their technology offerings, reports the Wall Street Journal . Nearly 60 percent of automotive executives who responded to a new Ernst & Young survey said they would pursue an acquisition over the next 12 months, a development that could reverse a recent wave of share buybacks.
Property Lines Luxury auto dealer buys Ruth's Chris building on Keystone
2015-12-15 19:13:58| Auto Dealers - Topix.net
Welcome to Property Lines, Indy's favorite source for neighborhood real estate news.
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Bridgestone Boosts Offer for U.S. Auto Service Chain Pep Boys
2015-12-15 17:41:18| Auto Parts - Topix.net
Pep Boys-Manny, Moe & Jack shares were inactive in recent pre-market trade after saying late Friday that Bridgestone Americas have agreed to increase its offer for the company to $15.50 per share from previously $15, raising the total purchase price by $28 million to $863 million. Along with these company-owned stores and Bridgestone's more than 5,000 long-standing dealers and distributors in the United States, the Pep Boys' network represents an immediate expansion for BSRO, and accelerates the global growth strategy of Bridgestone Corporation.
BB&T Corp. Downgrades Advance Auto Parts, Inc. (AAP) to Hold
2015-12-15 16:40:42| Auto Parts - Topix.net
In other news, Director Eugene I. Lee, Jr. bought 1,230 shares of the firm's stock in a transaction dated Monday, November 23rd. The stock was acquired at an average price of $162.80 per share, for a total transaction of $200,244.00.
Ford, Opel, FCA tap European auto recovery as VW left behind
2015-12-15 10:54:21| Auto Dealers - Topix.net
European new-car sales increased 13.7 percent in November, with Ford, Opel, Fiat Chrysler all gaining volume faster than the market growth. Registrations rose to 1.12 million last month in the EU and EFTA markets, according to data released today by industry association ACEA.
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