EU antitrust regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger while waiting for the carmakers to provide requested data. “This procedure in merger investigations...
Electric bus maker Proterra considers deal to go public: sources
U.S. electric bus manufacturer Proterra Inc is considering going public through a merger with a blank-check company, eschewing the traditional initial public offering that it explored last year, according to people...
Alibaba-backed EV maker Xpeng raises $500 million
Chinese electric vehicle (EV) manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, said on Monday it has raised around $500 million in its latest funding round. As enthusiasm builds for more climate-friendly...
Atlantia, CDP pick advisers as investors line up for Autostrade’s stake: sources
Italy’s Atlantia has picked Bank of America Merrill Lynch, JP Morgan and Mediobanca to advise on the sale of a stake in its motorway unit, two sources close to the matter said, as suitors line up to invest in its...
Fiat Chrysler, PSA to emerge as Stellantis following merger next year
The combined company resulting from the merger of Italian-American carmaker Fiat Chrysler Automobiles and France’s Peugeot owner PSA will be called Stellantis, the automakers said on Wednesday. Stellantis is derived...
Electric car maker Fisker to go public through SPAC deal at $2.9 billion valuation
Electric car maker Fisker will go public through a merger with a blank-check company backed by alternative investment manager Apollo Global Management Inc at a valuation of $2.9 billion, the companies said on Monday...
Honda invests in China’s CATL to jointly develop EV batteries
Japan’s Honda Motor Co Ltd will buy a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the companies said on Friday. The move...
Ampere acquires Noida-based E-three-Wheeler company Bestway Agencies
Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton Ltd, today announced the acquisition of Noida-based E-3Wheeler company Bestway Agencies Pvt Ltd (BAPL). Through this acquisition, Ampere...
Daimler seeks to sell french car plant in cost-cutting drive
Daimler AG plans to sell its factory in Hambach, France, as the maker of Mercedes-Benz cars pursues deeper-than-expected restructuring to overcome the fallout of the coronavirus pandemic. The move to unload the home of...
Fiat, PSA stick to merger deal after dividend cut report
Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro ($6.2 billion)...
Daimler to take 10% Farasis stake as part of battery cell pact
German luxury carmaker Daimler on Friday said it will deepen a strategic partnership with Farasis Energy (Ganzhou) Co., Ltd, a pact which includes taking an equity stake of around 10% in the Chinese battery cell...
Volvo Cars, Waymo partner to build self-driving vehicles
Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride-hailing use, as part of a new global partnership, the companies said on Thursday. Waymo, a unit of Silicon Valley’s...
