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...
Electric-vehicle firm Faraday Future to go public via $3.4 billion SPAC deal
Faraday Future will go public through a merger with Property Solutions Acquisition Corp in a deal valuing the combined entity at $3.4 billion, becoming the latest electric-vehicle firm to join the blank-check dealmaking...
Hyundai invests in startup UVeye for automated vehicle inspection system
South Korean automaker Hyundai Motor has invested in Israeli startup UVeye, a developer of automated vehicle inspection systems, to use its platform in global production lines. The Tel Aviv-based UVeye said it has...
Hero Motors acquires strategic stake in Hewland Engineering for undisclosed amount
Auto components maker Hero Motors Company on Monday said it has acquired a strategic stake in UK-based transmission design technology firm, Hewland Engineering for an undisclosed sum. The acquisition will enable the...
Motherson Sumi enters Turkey market through acquisition of Plas Met Group
Motherson Sumi Systems Ltd, one of the country’s biggest automotive component manufacturers, on Monday announced acquisition of 75% stake in two Turkish automotive parts manufacturing companies, Plast Met Plastik Metal...
After long journey, Fiat Chrysler and PSA seal merger to become Stellantis
Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals...
Electric-bus maker Proterra to go public through $1.6 billion SPAC deal
Proterra Inc on Tuesday agreed to go public through a merger with ArcLight Clean Transition Corp, in a deal valued at $1.6 billion, including debt, joining several electric vehicle makers that have listed in the last...
