Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion...
CDP consortium’s bid to value Atlantia unit at 9 billion euros – sources
Cassa Depositi e Prestiti (CDP) on Tuesday gave the go-ahead to submit an offer to buy Atlantia’s 88% stake in Autostrade per l’Italia unit, CDP said, after two sources told Reuters the bid would value 100% of...
Tesla rival Lucid Motors to go public in $11.8 billion blank-check merger
Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at $11.75 billion. Lucid, run by an ex...
Electric truck maker Xos to go public via $2 billion SPAC merger
Xos Inc, an electric commercial vehicle maker, on Monday agreed to go public through a merger with blank-check firm NextGen Acquisition Corp, in a deal valuing the combined entity at $2 billion. The deal will provide...
Lucid Motors nears SPAC deal as Klein launches financing – sources
Luxury electric vehicle maker Lucid Motors Inc is getting close to a deal to go public at a roughly $12-billion valuation after veteran dealmaker Michael Klein’s blank-check acquisition firm launched a financing effort...
TVS Group files scheme of amalgamation involving holding companies
The $8.5 billion TVS Group on Thursday filed a composite scheme of amalgamation and arrangement involving its holding companies at the National Company Law Tribunal in Chennai. Families that run the group on December 10...
TVS Group approaches NCLT for business recast
The TVS family Thursday filed a composite scheme of amalgamation and arrangement before the National Company Law Tribunal (NCLT), Chennai to align stock ownership of the group’s operating entities with the members that...
Maruti Suzuki ties up with ALD Automotive for subscription programme
The country’s largest carmaker Maruti Suzuki India Wednesday announced its partnership with ALD Automotive India, the operational leasing and fleet management business line of the Société Générale Group, for its...
TVS Motor to invest additional $1 mn in US-based Altizon via Singapore arm
TVS Motor Company Limited (TVSM) to invest $1 million in US-based Altizon Inc. The investment will be done through the company’s subsidiary TVS Motor Singapore. Under the deal, 212,220 Series A Preferred stock...
China’s FAW considers acquiring BMW partner Brilliance for about $7.2 billion – sources
FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd for about $7.2 billion in a two-stage deal that would see BMW’s main Chinese partner taken private, two people with direct knowledge of the...
Boards of 2 TVS group firms approve merger plan
TVS Motor Company on Saturday said the boards of TVS Holding Companies and TVS Investments and Holdings have approved a composite scheme of amalgamation and arrangement which is to be filed with the NCLT soon. In a...
Tata Motors expects to complete PV business hive-off by June this year
Tata Motors expects the process of hiving-off its domestic passenger vehicles (PV) unit to be completed around May-June this year, although it has not yet taken a call on a potential partner for the business, according...
