Hyundai Motor India, today signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing...
Automobile
Maruti to acquire Suzuki Motor’s manufacturing facility in Gujarat
Maruti Suzuki said that it will acquire parent Suzuki Motor’s manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to...
Samvardhana Motherson International to acquire assets, shares of Dr Schneider Group entities
Auto components maker Samvardhana Motherson International Ltd said it will acquire assets and shares of Germany’s Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs...
Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for Rs 205 crore
Ramkrishna Forgings Ltd said it has acquired Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited for Rs 205 crore. Multitech Auto and Mal Metalliks manufacture various parts for...
Motherson to acquire Bengaluru-based Rollon Hydraulics
Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and...
Samvardhana Motherson to acquire 81% stake in Honda Motor arm Yachiyo
Auto parts maker Samvardhana Motherson International (SAMIL) announced on July 4 that it will buy a majority stake of 81 per cent in Japan-based auto-part maker Yachiyo Industry’s four-wheeler (4W) business...
GM buys Israel-based software startup to detect early battery defects
General Motors said it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems in batteries. GM said Algolion’s software will help the Detroit automaker bring to the market a...
Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm
Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people...
Lordstown Motors files for bankruptcy, sues Foxconn
U.S. electric truck manufacturer Lordstown Motors filed for bankruptcy protection on Tuesday and put itself up for sale after failing to resolve a dispute over a promised investment from Taiwan’s Foxconn. Shares...
TPG exits Landmark Cars; sells 11.25% stake for Rs 293 cr
US-based private equity major TPG Capital sold its entire 11.25 per cent stake in automobile dealership chain Landmark Cars for Rs 293 crore through an open market transaction. With this transaction, TPG has exited the...
Lordstown Motors founder sells remaining stake in EV startup
Lordstown Motors founder and former CEO Stephen Burns has sold his entire stake in the electric-vehicle maker, according to a regulatory filing. The company in May implemented a reverse stock split to comply with...
Avtovaz completes deal to buy Renault-Nissan’s Russian finance business
Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance, the company said on Wednesday. President Vladimir...
