Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world’s No.4 carmaker, people close to the matter said, as they strive to meet the industry’s dual challenges of...
TaMo looks for PV biz partner
Tata Motors is actively scouting for a partner for its passenger vehicle business to be ready for growth in the next decade which would see huge investments going into new technologies, regulations, according to a top...
Renault to end van collaboration with Fiat ahead of Fiat/PSA deal
Renault will stop making vans for rival Fiat Chrysler (FCA), its deputy chief executive Clotilde Delbos said on Friday, as the Italian carmaker finalises a merger agreement with Peugeot-maker PSA Group. In a deal forged...
Energy Efficiency Services Ltd to invest in Thailand’s e-mobility player SWAG
State-owned Energy Efficiency Services Ltd (EESL) on Thursday said it is planning to invest in SWAG EV, which uses clean energy to provide swappable batteries for electric motorbikes in Thailand. There are around 21...
VW gauges interest in Ducati brand as a prelude to potential sale: sources
Volkswagen Group is hosting preliminary talks with potential bidders for its Ducati brand to gauge potential interest in the motorcycle maker ahead of a November planning round, three people familiar with the matter...
Volkswagen raises Navistar bid to $44.50/share to clinch trucks deal
Volkswagen’s trucks business Traton said on Friday it had agreed to raise its takeover bid for Navistar International Corp to $44.50 per share from $43, closing in on a deal that would extend its reach into North...
Traton says revised takeover bid for Navistar expires on Friday
Volkswagen’s truck unit Traton said on Wednesday its revised takeover bid of $43 per share for U.S. truck maker Navistar International Corp will expire on Oct. 16, if not accepted by then. Shares of Navistar fell...
Electric bike startup Ultraviolette plans to raise up to $75 mn
TVS Motor Company-backed electric motorcycle startup Ultraviolette Automotive plans to raise up to $75 million in the next 12-14 months, across series B and C rounds, three people aware of the plan told Mint. “The...
EV battery maker Romeo Systems to go public through $1.33 bn merger deal
Romeo Systems Inc, a battery maker for electric vehicles, will go public through a merger with blank check company RMG Acquisition Corp in a $1.33 billion deal, the companies said on Monday. The deal is expected to...
EV startup Faraday Future in talks to go public through SPAC merger
Electric vehicle startup Faraday Future aims to close a deal soon to go public through a reverse merger with a special-purchase acquisition company (SPAC), its chief executive said on Monday. “We are working on such a...
Tesla to acquire German battery assembly maker: source
Tesla Inc has agreed to acquire German ATW Automation, a supplier assembling battery modules and packs for the auto industry, a source familiar with the transaction said on Friday. ATW, a subsidiary of Canadian ATS...
EU regulators to decide on Fiat-PSA deal by February 2
EU antitrust regulators will decide by Feb. 2 whether to clear Fiat Chrysler (FCA) and French partner PSA’s merger, a filing on the European Commission website showed on Thursday. After a two-month halt, the...
