Research On The Performance Of Cross-border Mergers And Acquisitions In The Auto Parts Manufacturing Industr

With the procedure of global manufacture and marketing,more and more enterprises are acquiring the resources they need through cross-border mergers acquisitions(M?As).Up to now,the cross-border M?As has covered six waves,in the sixth wave,many big developing countries cored with China has gradually become the mainstream of cross-border M?As.In the recent years,our country's automobile industry develops very fast under the background of which the increasing rate of the automobile part industry has been higher than that of the whole car industry.In order to get the highland of auto part market,some Chinese auto part suppliers choose cross-border M?As to hold the controlling interest of the foreign auto part enterprises,so that they could get the advanced manufacture technology and management experience to break into the international market.This essay introduces the present developing situation of our country's auto industry and auto parts industry and the cross-border M?As to point out the research background and value.Essay research method is adopted to summarize the research outcomes and conclusions made by Chinese and foreign countries' scholars about cross-border M?A's motivation and performance.Through case study,setting the M?A of W to T as a research case,this essay makes an analysis and evaluation to the M?A's performance caused by the motivation through relative theories combined with the developing background of auto parts industry.Through the case study,this essay gets the following conclusions: 1.The setup of the motivation of coordination effect,scale economy and resource requirement could make a positive cross-border M?A's performance;2.It's necessary for the enterprises which make M?A's for the first time to hire a professional third party agency;3.After M?A,the combination work of enterprise culture,management method and etc.should be paid special attention to.