Eicher Motors on Thursday announced a strategic investment in Spain’s Stark Future SL to develop electric motorcycles and for technology sharing, technical licensing, and manufacturing. The company’s Board of...
TVS Motor’s Singapore arm to acquire EV related technology, assets in Germany
TVS Motor Company on Friday said its Singapore-based subsidiary has inked a pact to acquire Electric Vehicle (EV) related technology and assets in Germany. The company, through its wholly-owned subsidiary TVS Motor...
Volkswagen’s Cariad to buy paragon’s AI subsidiary
Volkswagen software unit Cariad has agreed to buy automotive supplier paragon’s artificial intelligence specialist subsidiary, said paragon in a statement on Thursday. Both parties agreed to a purchase price of 40...
Russian carmaker Sollers to buy out Mazda’s stake in Vladivostok plant
Russian carmaker Sollers will buy out Japanese auto maker Mazda’s 50% stake in their joint venture car assembly plant in Vladivostok, Sollers said on Thursday. In a results statement on Thursday, Mazda said the...
Lidar duo Ouster and Velodyne to merge in all-stock deal
Lidar companies Ouster Inc and Velodyne Lidar Inc have agreed on an all-share merger that steps up consolidation in search of profitability in autonomous vehicle technology. Velodyne and Ouster compete in precision...
Minda Corporation ties up with South Korea’s Daesung Eltec for ADAS technology
Auto components maker Minda Corporation said it has collaborated with South Korean firm Daesung Eltec to bring next generation advanced driver assistance system solutions to India. The two companies signed a technology...
Banks plan to sell Tenneco buyout debt next week – sources
The banks financing buyout firm Apollo Global Management Inc’s $5.4 billion acquisition of auto parts maker Tenneco Inc aim to start selling a chunk of the junk-rated debt to investors next week, two people...
China’s Chijet to merge with new SPAC at lower valuation than prior deal
Chijet Motor Co on Wednesday agreed to go public in the United States through a merger with a blank-check company that gave the China-based automaker a 37% lesser valuation than what it had secured in another deal that...
Ather Energy raises $50 mn led by Caladium Investments
Bengaluru-based electric two-wheeler manufacturer Ather Energy has raised ₹400.6 (around $ 50 million) in a fresh funding round led by existing investor Caladium Investment and participation from Herald Square Ventures...
Nissan pushes partner Renault to sell down stake, may raise funds – source
Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the...
RattanIndia to buy electric motorcycle maker Revolt
RattanIndia Enterprises Ltd said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternatives to conventional vehicles...
Libra Group unit acquires German tanker firm in shipping expansion
A subsidiary of global private business group Libra has acquired German tanker company Carl Büttner Holding (CB) for close to $160 million, the unit said on Monday in its latest expansion into shipping. Lomar –...
