Investor Felipe Henriquez has acquired a controlling stake in unlisted Latin American scooter firm Grow Mobility, the parties said on Wednesday, without disclosing financial details. Under terms of the deal, in which no...
VW pumps two billion euros into China electric vehicle bet, buys stakes in two firms
Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its bet on the world’s biggest auto market as international rivals...
Ola Electric acquires Etergo, looks to launch electric scooters in India by 2021
Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters. With this acquisition, Ola Electric will enter the premium electric two-wheeler...
Volkswagen in final talks to seal biggest M&A deals in China EV sector – sources
Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for...
Renault and Nissan rebuild their alliance to ride out the coronavirus storm
When Renault SA, Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to become the world’s biggest automaker by 2022. On Wednesday, the Alliance...
Ather Energy ties up with scooter rental startup Bounce
In an attempt to explore new ownership model(s), Bangalore-based electric scooter startup Ather Energy has entered into a strategic arrangement with the bike rental platform Bounce. Under the tie-up, customers can buy...
Nissan and Renault shelve merger plans to repair their alliance: sources
Renault and Nissan have shelved plans to push towards the full merger former leader Carlos Ghosn craved and will instead fix their troubled alliance to try to recover from the coronavirus pandemic, five senior sources...
FCA-PSA deal terms ‘set in stone’ for 50-50 merger
Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA’s chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19...
Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
Fiat Chrysler’s decision to scrap its dividend marks another setback for plans by the Agnelli family’s Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler...
EU regulators to decide on $50 billion Fiat Chrysler, Peugeot deal by June 17
EU antitrust regulators will decide by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA’s $50 billion merger, according to a European Commission filing on Monday. The companies announced the deal to create...
Auto parts maker BorgWarner on track to close Delphi buyout this year
Auto parts maker BorgWarner said on Wednesday it had resolved a dispute with UK-based smaller rival Delphi Technologies and was on track to acquire it by the second half of 2020. Delphi and BorgWarner, which make auto...
Tata Motors gets nod to raise ₹1,000 crore via NCDs
Tata Motors on Tuesday said a board constituted committee has approved raising up to ₹1,000 crore via issue of non-convertible debentures on a private placement basis. A meeting of the duly authorised committee held on...
