Mergers and Acquisitions in Automobile Industry

Table of Contents

1. Student Background & Course Details 2 1.1 Course Details 2 1.2 Semester Details 2 1.3 Student Details 2 1.4 Academic Advisor 2

2. Topic of Research 3 2.1 Research Topic 3 2.3 Statement of Purpose 3 3.1 Introduction to Mergers & Acquisitions in Automotive Industry 4 3.2 Rationale of research project 4 3.3 Statement of Research Objectives 4

4. THEORETICAL FRAMEWORK 5 4.1 Mergers & Acquisitions 5 4.2 Recent Trends in Automotive Mergers & Acquisitions 5 4.3 Debates in the field of M & A 6 4.4 Key Research components 6 4.5. Schematic Diagram 7

5. LITERATURE REVIEW 8 5.1 Mergers& Acquisitions 8 5.2 Types of Mergers & Acquisitions 8 5.3 Advantages of Mergers & Acquisitions 8 5.4 Disadvantages of Mergers & Acquisitions 10 5.5 Driving Forces Behind Automotive Mergers and Acquisitions 10 5.6 The long-term success of M&A in the automobile industry: 12 5.7 Case Study - Merger of Daimler-Benz & Chrysler AG 14 5.9 Case study – Nissan Renault Alliance 15 5.10 Case study – Tata- Jaguar Land Rover 16

6. Methodology 18

7. Data Analysis 19 7.1. Industry Analysis 19

8. Conclusion 20

9. Bibliography 21

10. Appendix 25

1. Student Background & Course Details

1.1 Course Details

Field Research Project (FRP) - An IIP initiative under the GMBA program

1.2 Semester Details

GMBA December 2012 batch
December –March leg (Sydney Campus)

1.3 Student Details

Specialization – Investment Banking

1.4 Academic Advisor

2. Topic of Research

2.1 Research Topic

Merger & Acquisitions in Automobile Industry

2.3 Statement of Purpose

There has been a surge in the mergers and acquisitions (M&A) activity in the motor vehicle industry since 1995 due to many factors such as technological factors, cost considerations, excess capacity, political and regulatory factors. This research examines the recent trends and drivers of mergers and acquisitions (M&A) in

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