India’s Bajaj Auto plans to take control of KTM AG as part of an 800 million euro ($906.2 million) debt package aimed at reviving the troubled Austrian motorcycle maker, it said on Thursday. The move will see the...
Renault Group seeks CCI nod to buy out remaining 51% stake in Indian joint venture
French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan’s remaining 51 per cent stake in their Indian manufacturing joint venture — Renault...
Stellantis chairman denies merger talks with Renault
Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault. “We are not discussing any merger,” Elkann said...
Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58...
Chinese carmaker Geely offers to take Zeekr unit private in $2.2 bln deal
Chinese automaker Geely Automobile on Wednesday offered to pay $2.2 billion to privatise its unit Zeekr just a year after it took the EV brand public in the U.S., saying it wanted to consolidate its business to fend off...
Proposed Rs 555 cr acquisition of SML Isuzu strong strategic fit for company: M&M
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...
