PwC study: More Chinese automotive acquisitions likely

German locking systems maker Kiekert was bought by China's Hebei and PwC thinks more such acquisitions are in the offing (Photo: Kiekert)

Chinese – and Asian -  companies, looking to improve their competitive standing, are stepping up their role in the consolidation of the global auto industry, according to a report by consultants PricewaterhouseCoopers. The study – Automotive M&A Insights: Driving Value – found that in 2011 there were 594 mergers, takeovers or partial acquisitions in the [...]