Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for Rs 87 crore through an open market transaction. American multinational Goldman Sachs through its arm —...
Mahindra likely in talks to buy Sumitomo’s entire stake in SML Isuzu
Mahindra & Mahindra is in talks to buy Japan’s Sumitomo Corp’s entire 44% stake in heavy vehicle-maker SML Isuzu, CNBC Awaaz reported on Monday, citing sources. Indian automaker Mahindra is considering...
Tata Autocomp to acquire International Automotive Components Group Sweden
Tata AutoComp Systems Ltd on Monday said it will acquire International Automotive Components Group Sweden AB (IAC Sweden), in a bid to strengthen its presence in Europe’s automotive sector. This proposed...
Hero acquires stake in Euler
The country’s largest two-wheeler maker Hero MotoCorp Thursday said it will make a strategic investment of Rs 525 crore in electric three-wheeled commercial vehicle maker Euler Motors. The investment, to be made in one...
Hero Motors, German firm SchmiedeTechnik form JV for forged powertrain parts
Hero Motors Ltd on Tuesday said it has entered into a joint venture pact with SchmiedeTechnik Plettenberg, Germany to manufacture forged powertrain components in India for global markets. The joint venture’s...
Porsche SE says it is not considering sale of Volkswagen shares
Porsche SE, Volkswagen’s biggest shareholder, is not considering selling voting shares in Europe’s largest carmaker, the holding firm said on Sunday following a newspaper report that it was weighing such a...
Boards of Nissan and Honda vote to officially end merger discussions
The boards of Nissan and Honda voted on Thursday to officially end talks to merge the Japanese automakers, two people familiar with the matter said. A tie-up would have created the world’s fourth-biggest auto...
Uno Minda to acquire remaining 49.9 pc stake in JV firm for Rs 195 cr
Auto components maker Uno Minda on Friday said its board has approved to acquire 49.9 per cent remaining stake in a joint venture firm from partner FRIWO Geratebau GmbH for Rs 195 crore. The company will enhance its...
Nissan and Honda ditch $60 billion merger talks, face new uncertainty
Nissan and Honda ended merger talks to forge a $60 billion car company on Thursday, pitching Nissan deeper into uncertainty and highlighting the pressure on legacy automakers from Chinese rivals upending the industry...
How Nissan and Honda’s $60 billion merger talks collapsed
Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Years of...
Motherson forms JV with Japan’s Sanko for sustainable packaging solutions
Auto components major Motherson on Friday said it has entered into a joint venture with Japan’s Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint...
Nissan board agrees to scrap USD 60 billion Honda merger talks: Source
Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a USD 60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it...
