The Phenomenon of Merger and Acquisition within the Automotive Industry

Liviu Warter () and Iulian Warter ()
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Liviu Warter: “Alexandru Ioan Cuza” University, Iaºi, Romania
Iulian Warter: “Alexandru Ioan Cuza” University, Iaºi, Romania

North Economic Review, 2017, vol. 1, issue 1, 208-215

Abstract: M&A is a way to survive and succeed in a competitive global environment as a consequence of new political, monetary and regulatory issues. The complex phenomenon that M&As represent has received consistent attention from the research community over the last 30 years. Large scaled M&As between automotive manufacturers, like the Daimler-Chrysler merger, the alliance between Renault and Nissan and the acquisition of Volvo by Ford, have attracted significant attention in the last decades. However, apart from this considerable interest, the findings on the general performance of automotive M&As are inconsistent and contradictory. This paper is focused on some critical success factors in automotive M&As like the connection between pre-acquisition and post-acquisition processes, turnover of key people etc. The phenomenon of merger and acquisition within the automotive industry needs further research and discussions due to the fact that some strategic alliances and M&A proved to be successful (e.g. Skoda - Volkswagen) and others not (e.g. Rover - BMW).

Keywords: mergers and acquisitions (M&As); M&A performance; automotive industry (search for similar items in EconPapers)
JEL-codes: G34 L62 Z19 (search for similar items in EconPapers)
Date: 2017
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