Mahindra & Mahindra on Monday said the proposed Rs 555 crore acquisition of SML Isuzu is a strong strategic fit for the company that would put it in a strong position. The company also said that with this buyout, it...
Mahindra & Mahindra to acquire majority stake in SML Isuzu for over Rs 550 crore
Mahindra & Mahindra (M&M) announced on Saturday it will acquire a majority stake of 58.96% in commercial trucks and bus maker Isuzu Limited (SML) at Rs 555 crore. M&M will buy 63.62 lakh shares of SML from...
Toyota chairman proposes $42 billion acquisition of Toyota Industries, Bloomberg reports
Toyota Motor Chairman Akio Toyoda has proposed acquiring supplier Toyota Industries in a possible 6 trillion yen ($42 billion) deal, Bloomberg News reported on Friday, in what would mark a pivotal buyout for Japan Inc...
Toyota, Daimler near merger of truck units, Nikkei Asia reports
Toyota Motor unit Hino Motors and Mitsubishi Fuso Truck and Bus, a subsidiary of Germany’s Daimler Truck, are moving to finalize a merger agreement, Nikkei Asia reported on Tuesday. The two auto groups aim to...
Belrise Industries acquires H-One India
IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise’s design and manufacturing capabilities...
Lucid to acquire select Arizona-based Nikola facilities and assets
California-based Lucid Group on Friday said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt electric and hydrogen-powered truckmaker Nikola Corp. The transaction does not...
Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit
Volkswagen’s truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt’s division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an...
Remsons Industries acquires 51% stake in Astro Motors
Remsons Industries has announced the acquisition of Astro Motors, three wheeler electric vehicle manufacturing company. Astro Motors is engaged in the business of developing and manufacturing of electric vehicles for...
Tata Motors demerger, business split update: Shareholders to vote on May 6
Tata Motors has announced that it will convene a meeting of its equity shareholders on May 6, to vote on a proposed Composite Scheme of Arrangement involving the reorganization of its commercial and passenger vehicle...
Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports
Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter. The two...
TVS Motor Company Singapore arm divests stake in Ion Mobility
TVS Motor Company on Monday said its Singapore-based arm has divested its stake in Ion Mobility while acquiring identified assets from the latter for USD 1.75 million (nearly Rs 15 crore). TVS Motor (Singapore) Pte Ltd...
Renault buys Nissan’s 51% stake in India manufacturing unit
French auto major Renault on Monday said it will buy out its Japanese partner Nissan’s stake in their Indian joint venture — Renault Nissan Automotive India Private Ltd. Renault Group would own 100 per cent...
