Mitsubishi Corp is looking to sell a fuel terminal that provides transportation fuels which meet California’s stringent emissions requirements, two sources familiar with the matter told Reuters on Wednesday. The...
Bharat Forge arm hikes stake in EV maker Tork Motors
Auto components major Bharat Forge on Tuesday said its arm Kalyani Powertrain Ltd has hiked stake in electric two-wheeler maker Tork Motors to 60.66 per cent through conversion of debentures into equity shares. Earlier...
GM exploring electric boats, buys 25% stake in engine maker
General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure...
NCLAT stays Competition Commission’s Rs 200 cr penalty on Maruti Suzuki
Appellate tribunal NCLAT on Monday stayed the Rs 200 crore penalty imposed by the Competition Commission on Maruti Suzuki but directed the car maker to deposit 10 per cent of the total amount within three weeks. The...
Family has no plan to sell Escorts, says Nikhil Nanda after Kubota deal
“The fourth generation at the Nanda family is absolutely committed to Escorts,” Nikhil Nanda, chairman and managing director of Escorts, has said soon after announcing the onboarding of Japanese tractor maker Kubota as...
E-scooter firm TIER buys Nextbike in bid to expand offerings
Berlin-based e-scooter operator TIER Mobility has bought bike-sharing firm Nextbike to create Europe’s largest provider of shared lightweight vehicles, the companies said on Monday. The deal, which will bring...
BMW says it is not interested in McLaren Automotive, Audi says open to cooperation
BMW denied reports by Automobilwoche on Sunday that it was interested in buying McLaren Automotive, while Volkswagen’s Audi said it was open to cooperation opportunities, without commenting specifically on the British...
Amazon discloses 20% stake in EV maker Rivian
Amazon.com Inc, an early backer of Rivian Automotive, now owns about a fifth of the electric-truck maker, the e-commerce giant disclosed in a quarterly filing on Friday. Ford Motor Co, which has a strategic relationship...
SJS eyes acquisition in North America, Europe and Asean markets
SJS Enterprises, India’s second largest automotive graphics maker, is scouting for acquisitions in North America, Europe and ASEAN markets to cater to the growing demand from consumer durable makers and automotive...
TPG to invest $1 billion in Tata Motors’ electric vehicle subsidiary
In a boost to its electric vehicle (EV) push, Tata Motors on Tuesday closed a deal to raise Rs 7,500 crore from TPG Rise Climate and Abu Dhabi’s ADQ. This is the first major fundraising by an Indian carmaker to push...
Hero MotoCorp partners with Gilera Motors Argentina
Motorcycles and scooters manufacturer Hero MotoCorp on Wednesday announced its partnership with Gilera Motors Argentina to expand its operations in one of the key markets in South America. Hero MotoCorp and Gilera...
Russia’s Yandex acquires Israeli e-scooter company
Russian tech giant Yandex is expanding in Israel with the acquisition of electric scooter rental company Wind, adding to its taxi and food delivery services in the country. Yandex said on Tuesday it expects the deal to...
