Truckmaker AB Volvo and Japan’s Isuzu Motors have inked a binding agreement for their previously announced strategic alliance, which includes Isuzu buying Volvo’s UD Trucks for around 20 billion Swedish...
Peugeot maker PSA whittles down Faurecia stake as part of Fiat deal
Peugeot maker PSA Group on Thursday said it had raised 308 million euros ($364 million) from selling about 7% of car parts firm Faurecia to investors, with proceeds due to be paid out to shareholders after it merges...
Carmakers FCA and PSA Peugeot confirm progress towards full merger
Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. The merger of the Italian...
Volkswagen and Toyota truck units team up on electrification
Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel-cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter...
Mercedes-Benz to lift Aston Martin stake to up to 20% by 2023
Daimler unit Mercedes-Benz is to lift its stake in Britain’s Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker’s largest shareholders, Aston said on Tuesday. Aston Martin, popular for...
Continental buys stake in lidar startup Aeye
German auto supplier Continental AG said on Tuesday it is buying a minority stake in California lidar startup Aeye Inc to strengthen its position in the market for automated driving systems. Aeye specializes in long...
EU antitrust regulators set to approve Fiat Chrysler, PSA merger: Report
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...
