Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Years of...
Motherson forms JV with Japan’s Sanko for sustainable packaging solutions
Auto components major Motherson on Friday said it has entered into a joint venture with Japan’s Sanko, a player in material handling sector to provide sustainable packaging solutions in India and Europe. The joint...
Nissan board agrees to scrap USD 60 billion Honda merger talks: Source
Nissan is set to call off merger talks with rival Honda, a source said on Wednesday, abandoning a USD 60 billion plus tie-up that would have created the world’s no.3 automaker and raising questions about how it...
Nissan may call off merger talks with Honda, source says
Japan’s Nissan may call off its merger talks with Honda, according to a person familiar with the matter, adding that Nissan’s board members were due to meet in the near future to decide a course of action...
Dassault Systemes says Volkswagen selects its 3DEXPERIENCE platform
Dassault Systemes on Tuesday announced a long-term partnership with Volkswagen to accelerate the German automaker’s transition towards vehicles that rely heavily on software to control and optimise key functions...
Nissan, Honda to announce direction of possible integration by mid-Feb, Nissan says
Nissan Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the end of January. The two Japanese...
Mitsubishi Motors considering not joining planned Nissan-Honda merger, sources say
Japan’s Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned merger between Nissan and Honda Motor, sources told Reuters on Friday. Mitsubishi Motors plans to remain listed...
Tata Motors restructuring CV business ahead of listing next fiscal
Tata Motors is restructuring its commercial vehicle (CV) business with set financial metrics for each of the eight sub-segments ahead of a planned public listing in the next financial year, said a senior company...
VW plans to sell 15% of Traton shares in H1, manager magazin says
Germany’s Volkswagen plans to sell 15% of its shares in truck unit Traton in the first half of this year, hoping to raise about 2 billion euros ($2.09 billion), manager magazin reported on Wednesday, citing...
Minda Corp to acquire 49% stake in Flash Electronics for Rs 1,372 crore
Auto components maker Minda Corporation on Wednesday said it will acquire 49 per cent stake in Flash Electronics for Rs 1,372 crore. The partnership is intended to expand the product offerings of both companies...
Advik acquires German braking system manufacturer Powersports MTG
Global automotive components maker Advik on Tuesday said it has acquired German mechanical and hydraulic braking system manufacturer Powersports MTG for an undisclosed sum. The acquisition will create additional...
Honda, Nissan aim to merge by 2026 in historic pivot
Honda and Nissan are in talks to merge by 2026, they said on Monday, a historic pivot for Japan’s auto industry that underlines the threat Chinese EV makers now pose to the world’s long-dominant legacy car...
