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...
Toyota holds $293 million stake in Uber, governance report shows
Toyota Motor Corp holds a $293 million stake in Uber Technologies, as it partners with the ride-hailing company to further expand into new mobility services, Toyota’s latest corporate governance report released on...
Volkswagen explores acquisition of car rental group Europcar: sources
Volkswagen AG is in talks to acquire French car rental firm Europcar Mobility Group SA, in a deal that would allow the German car maker to better capitalize on its fleet, people familiar with the matter said on Tuesday...
South Korea’s Hyundai Motor, LG Chem considering EV battery JV in Indonesia: source
South Korea’s Hyundai Motor Group and LG Chem Ltd are considering establishing an electric vehicle (EV) battery cell manufacturing joint venture in Indonesia, a person familiar with the matter told Reuters on Tuesday...
China’s Geely to take over debt-laden automaker Lifan as virus stokes shake-up: sources
Volvo owner Geely is set to take over an automaker battered by a prolonged sales decline exacerbated by the impact of the novel coronavirus, said three people with knowledge of the matter, in an indication of how the...
South Korea’s SsangYong Motor looking for possible buyer as Mahindra may exit
South Korean sports-utility vehicle maker SsangYong Motor is looking for a potential buyer after India’s Mahindra and Mahindra said it could give up its majority stake in the struggling company. SsangYong has picked an...
EU worried Fiat-PSA deal may hit competition in vans
Fiat Chrysler and Peugeot maker PSA’s proposed merger may harm competition in small vans in 14 EU countries and Britain, EU antitrust regulators said on Wednesday as they opened a four-month investigation into the deal...
