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...
China’s Great Wall Motors set to invest $1 bn, create jobs in Maharashtra
China’s Great Wall Motors Co. Ltd (GWM) has signed a memorandum of understanding with the Maharashtra government, plans to invest $1 billion, or about ₹7,600 crore, to upgrade the manufacturing facility it had acquired...
Ashok Leyland plans to raise ₹200 crore via NCDs
Commercial vehicle manufacturer Ashok Leyland Ltd said that it plans to raise ₹200 crore by issuing non-convertible debentures or NCDs on a private placement basis in one or more tranches. In a regulatory filing on...
Tata Motors to acquire Jayem Automotives stake in JT Special Vehicles
Tata Motors Ltd. (TML) has signed an agreement to purchase the 50 per cent shareholding of Jayem Automotives in JT Special Vehicles Pvt. Ltd. (JTSV). One key reason attributed was the Covid-19 impact. JTSV will become a...
Fiat, PSA face EU antitrust probe over $50 billion merger: sources
Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter...
Fiat, PSA merger hits EU roadblock, may need concessions – sources
Fiat Chrysler’s planned $50 billion merger with Peugeot maker PSA has hit a bump after EU regulators voiced concerns about the companies’ market share in small vans, indicating concessions may be required, sources said...
Competition commission approves PSA-FCA merger
The Competition Commission of India on Thursday approved the merger of leading French automaker Groupe PSA with its Italian counterpart Fiat Chrysler Automobiles (FCA). The two European groups had announced a merger in...
