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...
Nissan may call off merger talks with Honda, source says
Japan’s Nissan may call off its merger talks with Honda, according to a person familiar with the matter, adding that Nissan’s board members were due to meet in the near future to decide a course of action...
Dassault Systemes says Volkswagen selects its 3DEXPERIENCE platform
Dassault Systemes on Tuesday announced a long-term partnership with Volkswagen to accelerate the German automaker’s transition towards vehicles that rely heavily on software to control and optimise key functions...
Nissan, Honda to announce direction of possible integration by mid-Feb, Nissan says
Nissan Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the end of January. The two Japanese...
Mitsubishi Motors considering not joining planned Nissan-Honda merger, sources say
Japan’s Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed...
Tata Motors restructuring CV business ahead of listing next fiscal
Tata Motors is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company...
VW plans to sell 15% of Traton shares in H1, manager magazin says
Germany’s Volkswagen plans to sell 15% of its shares in truck unit Traton in the first half of this year, hoping to raise about 2 billion euros ($2.09 billion), manager magazin reported on Wednesday, citing...
