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...
Tata Motors completes transfer of defence biz to TASL for consideration of Rs 227.7 cr
Tata Motors on Thursday said it has completed the transfer of its defence business with effect from April 1 to Tata Advanced Systems Ltd (TASL) for an upfront consideration of Rs 227.7 crore. The transfer has been...
CDP-led consortium finalises sweeter bid for Atlantia unit: sources
A consortium of investors led by Italian state lender Cassa Depositi e Prestiti (CDP) has finalised a sweeter offer for Atlantia’s 88% stake in motorway unit Autostrade per l’Italia, two sources said on Wednesday. The...
Honda agrees to sell British car plant to logistics giant Panattoni
Honda has agreed to sell its only British car plant at Swindon in southern England to logistics giant Panattoni, a company spokesman said on Saturday, as the new owner reportedly plans to make a large investment at the...
M&M board gives in-principle approval to consolidation of step-down subsidiary with itself
Mahindra Electric Mobility, the electric vehicles (EV) arm of Mahindra and Mahindra, will be merged into the parent company as part of its EV strategy according to a notice to the stock exchanges on Friday evening. The...
Norway blocks Rolls-Royce’s plan to sell engine maker to Russia
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday. The blocking of the deal is a blow for...
Continental says supervisory board approves Vitesco spin-off
German car parts maker Continental said on Tuesday its supervisory board approved the spin-off plans of the company’s powertrain unit Vitesco Technologies. The company said that from the beginning of 2022, the business...
