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Tag: automotive deals near me

Automakers agree to right-to-repair deal covering telematics data

By on July 20, 2023
Under the new deal, the groups said independent repair shops will continue to have access to the same diagnostic and repair information automakers make available to their authorized dealer networks even as technology evolves. That access also applies to telematics data needed to diagnose and repair a vehicle, if not otherwise available. It also covers all vehicle technologies and powertrains, including battery-electric, plug-in hybrid and fuel cell vehicles. The parties also have pledged to work together on education and training, with additional resources available to independent repair shops such as through an automaker’s repair website or via third-party information providers,…
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Stellantis and Vulcan sign a deal for French geothermal projects

By on June 11, 2023
Stellantis has signed a new agreement with Australia-listed lithium supplier Vulcan Energy Resources aiming to help decarbonize its European operations, the two groups said. As global demand for electric-vehicle batteries rises, Stellantis has signed deals with multiple miners to secure key minerals, including with Vulcan, in which the automaker is now the second largest investor. The binding agreement announced on Wednesday is for the first phase of a project to develop new geothermal sources contributing to the energy supply of an industrial site in Mulhouse, eastern France, where Stellantis produces several Peugeot and DS models, including the full-electric Peugeot e…
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M&A activity related to electric vehicles will decrease in the automotive industry in 2023

By on June 7, 2023
In value terms, electric vehicles-related deal activity increased by 425% in Q1 2023 compared with the previous quarter’s total of $419.2m and fell by 16% as compared to Q1 2022. Related deal volume decreased by 23% in Q1 2023 versus the previous quarter and was 19% lower than in Q1 2022.The top-ranked financial advisors supporting these M&A deals in Q1 2023 were ACP Capital Markets; Benchmark Investments; Rothschild & Co with 1, 1, 1 deals respectively.The top-ranked legal advisors supporting these M&A deals in Q1 2023 were J Sagar Associates; Jones Day; Norton Rose Fulbright with 1, 1,…
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