Chinese automaker Chijet Motor Co has agreed to go public in the United States through a merger with a blank-check vehicle Deep Medicine Acquisition Corp in a deal valued at $2.55 billion, the companies said on...
NCLT orders liquidator of steel cos to admit TVS Motor’s claim
Shares supplied by the promoter in an official capacity as security for a loan makes the lender a secured creditor ruled the bankruptcy court in a petition filed by two-wheeler maker TVS Motor Company Ltd against the...
GM deal to sell Talegaon plant to China’s Great Wall Motor collapses
General Motors’ deal to sell its Talegaon plant to China’s largest SUV maker Great Wall Motor has fallen through. The maker of Chevrolet will now start scouting for potential suitors as the term sheet for the exclusive...
Tata Motors partners with Japan’s Renesas to develop chip solutions
Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets...
M&M wants EV arm under its roof for value chain efficiency
Mahindra & Mahindra, India’s leading utility vehicle maker is seeking approval from the National Company Law Tribunal for a merger of Mahindra Electric Mobility Ltd to itself – i.e. Mahindra & Mahindra Ltd...
EV maker Electric Last Mile Solutions files for bankruptcy
U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) said it is planning to file for Chapter 7 bankruptcy, after a review of its products and commercialization plans. The move comes after the...
Tata Motors signs MoU for the potential acquisition of Ford India’s Sanand plant
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and the US car maker Ford India Private Limited (FIPL) have on Monday signed a Memorandum of Understanding (MOU) with the Government of...
Geely-backed auto SPAC deal revs up too fast
Li Shufu is in the fast lane again. Geely’s founder who is best known for buying Swedish carmaker Volvo has signed up for the largest listing of a company hailing from the People’s Republic through a special...
Tata Motors inches closer to acquiring Ford Sanand car plant, may pay $100-150 million
US car maker Ford India is set to sign a Memorandum of Understanding (MoU) this week with both the Gujarat government and Tata Motors to sell its Sanand plant. The MoU may be signed on Monday itself, the Times of India...
Maruti Suzuki To Acquire 12% Stake In Ai Firm Sociograph Solutions
India’s largest carmaker Maruti Suzuki India Ltd (MSI) has agreed to acquire 12.09% equity stake in Sociograph Solutions Pvt Ltd. for ₹2 crore. The investment would help Maruti to strengthen its offering to...
Okinawa Autotech to form JV with Italian electric bike maker Tacita
Okinawa Autotech on Thursday said it has partnered with Italian electric and performance bike firm Tacita to set up a joint venture for the manufacturing of futuristic scooters and motorcycles as well as powertrain for...
Volkswagen set to get unconditional EU nod for Europcar deal
A group led by Europe’s largest carmaker Volkswagen is set to win unconditional EU antitrust approval for its 2.9-billion-euro ($3 billion) bid for French car rental company Europcar, two people familiar with the...
