UBS, Rothschild & Co top M&A financial advisers in automotive sector in Q1 2023 – GlobalData

UBS, Rothschild & Co top M&A financial advisers in automotive sector in Q1 2023 – GlobalData

UBS and Rothschild & Co were the top mergers and acquisitions (M&A) financial advisers in the automotive sector during the first quarter (Q1) of 2023 by value and volume, respectively, according to the latest financial advisers league table by data and analytics company GlobalData . An analysis of its Financial Deals Database reveals UBS achieved…

GM’s $918M Investment, STLA-Terrafame Deal & More

GM’s $918M Investment, STLA-Terrafame Deal & More

Last week, the European Automobile Manufacturers Association (“ACEA”) released data on passenger car registrations for December 2022. The European Union (“EU”) passenger vehicle market soared 12.8% last month to 896,967 units, marking the fifth straight month of growth . Registrations in Italy and Germany witnessed a year-over-year rise of 21% and 38.1%, respectively. Meanwhile, Spain…

NY dealer sues Stellantis for diverting inventory

NY dealer sues Stellantis for diverting inventory

A dealership outside New York City is accusing Stellantis of giving illegal “secret discounts” to competing stores and cutting its vehicle shipments as retaliation for a previous legal victory over the automaker. The lawsuit filed by Larchmont Chrysler-Jeep-Dodge-Ram, located about 20 miles northeast of Manhattan, seeks damages for alleged violations of federal antitrust laws and…