Ford Motor Co. and General Motors Co. are selling off more of their brands, including its vehicles and equipment, to acquire other automakers, according to people familiar with the transactions.
The companies are expected to announce the transactions at the Detroit auto show on Monday.
Ford and General Motor Co., based in Dearborn, Mich., are among the companies to announce new acquisitions.
Ford is expected to take a 49.9% stake in the Japanese automaker.
The automakers have been on a buying spree since the end of last year, snapping up the biggest U.S. brands from General Motors Corp., Fiat Chrysler Automobiles NV and Chrysler Automotive Group NV, according in some cases to people with knowledge of the matters.
They are also moving into newer products such as pickup trucks and SUVs.
Ford will also sell off assets including its Jeep brand, while General Motors will sell its Chevy brands, as well as other brands including Ford’s F-150 pickup truck, F-550 compact SUV and Lincoln Continental SUVs, the people said.GM is expected on Monday to report its third-quarter earnings.