| The global financial crisis triggered by the US subprime mortgage crisis has damaged the word, the automotive industry has suffered great negative impact. With the proliferation of financial turmoil, world’s automobile companies have troubled in bankruptcy and mergers. China’s automobile companies grasped the opportunities to implement overseas M&As. Beiqi acquisition of certain assets of Saab, Tengzhong Hummer, Sichuan Tengzhong to buy Hummer, Weichai Power acquisition of French Baudouin, BWI acquired certain assets of Delphi, Geely acquisition of Volvo. The trend of scale is expanding.According to the M&As process, this dissertation analyzes the reason of Geely acquisition of Volvo successfully from pre-merger, mergers and acquisitions, post-merger three aspects, and then summed up the factors of China’s automotive enterprises in overseas mergers and acquisitions, as well as those factors bring our enterprises the enlightenment on later cross-border mergers and acquisitions.This dissertation includes five chapters: The first chapter is the introduction that describes the research background, significance, ideas, methods, the main contribution and shortcomings. The second chapter discusses the basic concept and literature review. Explain the meaning and type of cross-border M&As and summarize the research results from cross-border M&As motivation, successful criteria and successful factors three aspects. The third chapter analyzes the status of automobile industry and auto-companies in overseas M&As. Chapter Four is case studies. Introduce the basic situation of the two companies Geely and Volvo, analyze the motivation, the performance and post-merger integration and summarize factors influencing the success of M&As. The fifth chapter is the conclusion and outlook. Summarize the factors of the overseas M&As from the two aspects of macro environmental and micro-enterprise. And the enlightenment for our companies prepared for overseas M&As. |
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