Honda Motor Co. and Nissan Motor Co. are exploring a potential merger, according to people familiar with the matter, which would create a singular rival to Toyota Motor Corp. in Japan and better position the combined...
Shriram Pistons & Rings to acquire TGPEL Precision Engineering in Rs 220-cr deal
Auto parts maker Shriram Pistons & Rings Ltd (SPRL) on Tuesday announced plans to acquire a 100 per cent stake in TGPEL Precision Engineering at an enterprise value of Rs 220 crore on debt-free cash-free basis. The...
GM to sell its stake in Michigan battery plant to LG Energy Solution
General Motors said on Monday it will sell its stake in its joint venture battery plant in Lansing, Michigan to partner LG Energy Solution as the Detroit automaker trims its electric vehicle plans. GM expects to recoup...
ZF Group sells 4.3 pc stake in Indian subsidiary for Rs 1,022 crore
German auto component supplier ZF Group on Wednesday divested a 4.32 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India for Rs 1,022 crore, according to exchange data. According...
Volkswagen raises investment in Rivian to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle architecture and software...
Stellantis set to secure Italian approval for Comau stake sale, says source
Carmaker Stellantis is on course to secure Italian government backing for its planned sale of a majority stake in robotics business Comau to One Equity Partners, a source close to the matter said on Wednesday. So-called...
Samvardhana Motherson Intl to acquire 11% stake in Israel’s REE Automotive for $15 mn
Auto components major Samvardhana Motherson International Ltd on Monday said it will acquire 11 per cent stake in Israel’s REE Automotive Ltd for up to USD 15 million. Samvardhana Motherson International Ltd...
Chinese EV maker BYD to buy German car distributor Hedin Electric
China’s BYD will buy its German distributor Hedin Electric Mobility, BYD and Hedin said on Friday, as BYD moves to establish itself as a major electric vehicle maker in Europe. BYD Automotive GmbH will take charge...
China’s Didi in talks to sell smart auto assets to state-backed NavInfo’s unit, say sources
China’s Didi Global is in advanced talks to sell its smart driving and cockpit assets to state-backed digital mapping firm NavInfo’s unit, as the ride-hailer focuses on its core business after a bruising...
India’s Mahindra seeks nod for $3 bln Shaanxi JV, sources say
Indian automaker Mahindra & Mahindra and China’s Shaanxi Automobile Group have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi’s...
Tata Motors board approves demerger into two listed companies, scheme to conclude within 15 months
Tata Motors Ltd (TML) announced on Thursday, August 1, that its board approved the demerger scheme of its commercial vehicle (CV) arm, which will eventually lead to two separate listed entities. India’s most...
Stellantis triggers government scrutiny with Comau stake sale
Carmaker Stellantis has agreed to sell a majority stake in its robotic unit Comau to One Equity Partners, in a deal that has drawn scrutiny from Italy’s government. Financial details of the transaction were not...
