Showing posts with label PricewaterhouseCoopers. Show all posts
Showing posts with label PricewaterhouseCoopers. Show all posts

Saturday, May 1, 2010

PricewaterhouseCoopers Says M&A Activity to Drive Fundamental Changes in Global Automotive Industry in 2010




30 Apr 2010 05:01 Africa/Lagos


PricewaterhouseCoopers Says M&A Activity to Drive Fundamental Changes in Global Automotive Industry in 2010

Deal value soars to $121.9 billion in 2009, brought on by government equity positions in sector

NEW YORK, April 30 /PRNewswire/ -- Automotive merger and acquisition (M&A) activity will continue to drive the fundamental changes necessary for the near-term restructuring and long-term sustainability of the industry, says PricewaterhouseCoopers LLP. According to the publication titled, Drive Value -- Automotive M&A Insights 2009, the deal market will play a critical role as market participants pursue transactions with a focus on synergies, including cost savings and adding revenue to their business.

(Photo: http://www.newscom.com/cgi-bin/prnh/20100430/NY95853 )

"The current deal environment is showing positive signs and presents a number of opportunities for both strategic and financial buyers who have access to financing," said Paul Elie, U.S. automotive transaction services leader, PricewaterhouseCoopers LLP.

"Companies with stronger operating models and cash positions will likely leverage M&A to develop a competitive advantage through the consolidation of scale and expertise," emphasized Paul McCarthy, U.S. automotive strategy leader, PricewaterhouseCoopers LLP.

The publication highlights a variety of factors driving the deal market in 2009 and provides an outlook for 2010 and beyond:

Global automotive M&A activity

Automotive M&A deal value soared to $121.9 billion for 2009, up 286 percent from $31.6 billion in 2008. The increase in deal value was influenced heavily by the U.S. Treasury investment in the vehicle manufacturing sector, which occurred in response to a near collapse of the automotive industry. Players across the automotive value chain reacted as they sought capital infusions, shed noncore assets, renegotiated debt obligations and pursued mergers of necessity.

Despite the record high deal value in 2009, the total deal volume fell to 532 transactions, representing a three percent decline from an already weak 2008 level and its lowest point since 2004.

"As we look forward, companies are likely to increase their focus on growth and the traditional drivers of M&A -- driving economies of scale, acquiring technology and expanding their geographic and customer base," said Elie.

Automotive companies seeking long-term success will drive the deal market in 2010, by developing and executing strategies for sustainable growth and value creation.

For more information on PricewaterhouseCoopers automotive deal capabilities and to download PricewaterhouseCoopers' Drive Value -- Automotive M&A Insights 2009 publication, visit: www.pwc.com/auto.

About the Transaction Services Practice

The PricewaterhouseCoopers Transaction Services (TS) practice provides due diligence for M&A transactions, along with advice on M&A strategy and integration, divestitures and separation, valuations, accounting, financial reporting, and capital raising. With approximately 1,000 deal professionals in cities in the U.S., and a global network of over 6,000 deal professionals in 90 countries, experienced teams are deployed with deep industry and local market knowledge, and technical experience tailored to each client's situation. The Transaction Services team can be involved from strategy to integration and employ an integrated business approach to uncover the realities of a deal. The field-proven, globally consistent, controlled deal process helps clients minimize their risks, progress with the right deals, and capture value both at the deal table and after the deal closes. For more information, visit www.pwc.com/ustransactionservices.

About PricewaterhouseCoopers LLP

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.

© 2010 PricewaterhouseCoopers LLP. All rights reserved.
Photo: http://www.newscom.com/cgi-bin/prnh/20100430/NY95853
http://www.newscom.com/cgi-bin/prnh/20100430/NY95853
PRN Photo Desk, photodesk@prnewswire.com
PRN Photo Desk, photodesk@prnewswire.com

Source: PricewaterhouseCoopers

CONTACT: Kristin McCallum, U.S. Automotive Marketing Leader,
PricewaterhouseCoopers, +1-313-394-6349, kristin.l.mccallum@us.pwc.com, or
Laura Schooler, PricewaterhouseCoopers, +1-646-471-3229,
laura.schooler@us.pwc.com

Web Site: http://www.pwc.com/



Releases displayed in Africa/Lagos time
30 Apr 2010
13:36 Darfur / UNAMID Daily Media Brief
28 Apr 2010
14:16 Darfur / UNAMID Daily Media Brief
27 Apr 2010
20:35 Statement attributable to the Spokesperson for the Secretary-General On the release of four UN police in Darfur
12:29 UNAMID peacekeepers released
26 Apr 2010
23:25 The Sudanese Have Spoken
12:24 Darfur / UNAMID Daily Media Brief

Releases displayed in Africa/Lagos time
1 May 2010
05:01 Anthony Lake Begins Tenure as UNICEF's Executive Director

03:33 America's Sheriff, Joe Arpaio, Consumer Advocate, Bogey, Endorse Upstart Conservative Challenger Phil Liberatore; Challenger Promises Fight to the Finish to Defeat Incumbent Gary Miller
02:36 Noted Environmental Attorney Stuart H. Smith of Smith Stag Law Firm, New Orleans, Louisiana Is Concerned About a Catastrophic Failure of the BP Deepwater Horizon Wellhead and Fluid Control Systems.
02:01 Concrete, Immediate US Action Needed to Implement the Policy of Three US Presidents on the Western Sahara
01:55 La comunidad empresarial hispana responde a la divulgación de la propuesta de reforma migratoria presentada por el Senado
01:20 Class Action Lawsuit Filed Over Oil Leak from Gulf Rig Explosion
01:00 American Red Cross of Greater Los Angeles Working With Philips Lifeline Medical Alert Service to Help Seniors Stay Independent
00:24 MultiVu Digital Center Feed: U.S. Ambassador to the EU Says U.S. and EU are Aligned in Major Global Issues Such as Nuclear Non-Proliferation, Mid-East Stability and Climate Change; EU Shifts from Eurocentric to External Focus.
30 Apr 2010
23:58 Arizona American Water President Paul Townsley Celebrates Grand Opening of White Tanks Regional Water Treatment Facility With ADEQ Director
23:55 ADL Congratulates Associated Students of UC Berkeley (ASUC) Senators for Standing Firm Against Factious Anti-Israel Divestment Resolution
23:54 MultiVu Digital Center Feed: Secretary Clinton Confirms Alliance with Kuwait, Seeks Arab States Support for a Two-State Solution in the Middle East and Warns of Increased Sanctions Against Iran During a Joint Press Availability with Kuwaiti Foreign Minister Mohammad Sabah Al-Salem Al Sabah
23:23 Tennessee Man Convicted of Illegally Accessing Sarah Palin's E-Mail Account and Obstruction of Justice