SoftBank Group Corp said on Monday South Korea’s Hyundai Motor Group had completed the acquisition of robotics firm Boston Dynamics from the Japanese conglomerate. The deal, which was announced last December and valued...
Ford to buy EV charging management platform Electriphi
Ford Motor Co said on Thursday it would acquire Electriphi, which provides charging management and fleet monitoring software for electric vehicles, as the carmaker aims to electrify 40% of its automobiles by 2030...
Wejo to go public, deal values auto data startup at $800 mln
Auto data startup Wejo, backed by General Motors Co, will go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that values the British company at $800 million including debt...
VW says Lamborghini is not for sale after reported $9.2 bln bid
Volkswagen has received a 7.5 billion euro ($9.2 billion) offer for Lamborghini, British weekly magazine Autocar reported on Tuesday, though VW’s Audi said the supercar brand was not for sale. The non-binding...
Nissan follows Renault in selling $1.4 bn Daimler stake
Nissan Motor Co. is selling stock it owns in Daimler AG worth about 1.19 billion euros ($1.4 billion), joining its partner Renault SA in generating funds for turnaround efforts. Nissan is offering about 16.4 million...
Motherson Sumi acquires Bombardier’s electrical wiring business
Auto components major Motherson Sumi Systems Ltd on Monday said it has completed the acquisition of Bombardier’s electrical wiring interconnection systems (EWIS) business in Huehuetoca, Mexico. In October last...
Toyota’s acquisition of Lyft’s self-driving unit bolsters its automation ambitions
Toyota Motor Corp will acquire Lyft Inc’s self-driving technology unit for $550 million, the companies said, as the Japanese firm steps up its automation ambitions with the newly created Woven Planet division. The...
NCLAT dismissed DVI plea over resolution plan for Amtek Auto
The National Company Law Appellate Tribunal (NCLAT) has dismissed the petition of Deccan Value Investors challenging the NCLT approval to its resolution plan for debt-ridden Amtek Auto without execution of a lease of a...
Italy industry minister welcomes end of talks on CNH’s Iveco sale to China’s FAW
Italian Industry Minister Giancarlo Giorgetti on Saturday welcomed the end of talks over the sale of truckmaker Iveco to Chinese firm FAW. Iveco is part of CNH Industrial, which in turn is controlled by Exor, the...
Renault India partners Cero Recycling for vehicle scrappage service
Renault India, a unit of Groupe Renault France, has tied up with Cero Recycling to help customers scrap their old vehicles. The company will provide incentives or financial benefits to prospective customers for...
Minda Corporation partners Ride Vision to bring collision avoidance technology in Indian 2-wheeler market
Minda Corporation on Thursday said it has partnered with Israel-based firm Ride Vision for introducing the latter’s collision avoidance technology in the two-wheeler market in the country. Ride Vision offers a...
JK Tyre inks partnership with JBM Auto
JK Tyre and Industries on Monday said it has inked a supply agreement with JBM Auto. As per the pact, the tyre maker will supply its ‘SMART’ radial tyres for JBM Auto’s Citylife (CNG) and Ecolife...
