Mahindra & Mahindra Ltd (M&M) plans to bring all the cab aggregator businesses, the company has invested in, under its newly constituted shared mobility vertical, a senior company executive told Mint on Saturday...
VW offers to buy out minority shareholders in Audi
Volkswagen said on Friday it had offered to buy out minority shareholders in its premium brand Audi AG, via a so-called squeeze-out offer. Volkswagen AG already holds 99.64% of the registered share capital of Audi AG...
Shriram Automall acquires online car selling portal BlueJack
Pre-owned vehicle exchange platform Shriram Automall India Ltd (SAMIL) on Monday said it has acquired BlueJack, an online car selling portal. The company did not disclose the financial details of the deal. With this...
GM shuts Australia, New Zealand operations; sells Thai plant to Great Wall
General Motors Co said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business, costing the U.S. automaker $1.1 billion. The moves will...
Great Wall says to buy GM’s Thailand car plant
China’s Great Wall Motor said on Monday it had signed a binding agreement to purchase a car plant from General Motors in Thailand. Great Wall said in a statement it expects to complete transaction of Rayong car plant...
Competition Commission gives nod for M&M, Ford Motor joint venture
The Competition Commission has approved Mahindra & Mahindra’s acquisition of majority stake in a wholly-owned subsidiary of Ford Motor Co, which will create a joint venture in the country. In October last...
Geely to deepen ties with Volvo, plans to list under one umbrella
Geely Automobile and its sister company Volvo Cars are planning to merge and list in Hong Kong and possibly Stockholm, giving Volvo access to public markets after it dropped a move to list its stock two years ago...
Kinetic Green in talks with PE to raise up to Rs 300 crore
Pune-based electric vehicle (EV) maker Kinetic Green is in talks with private equity investors to raise Rs 250-300 crore in a series-A funding round, as it seeks to penetrate deeper into the growing electric three...
Aston Martin set to sell stake to F1 billionaire in $656-million deal
Aston Martin Lagonda Global Holdings secured a £500-million ($656 million) lifeline to restore the balance sheet and help build a new sport-utility vehicle after agreeing to sell a minority stake to billionaire Lawrence...
Japan’s Nidec bets on electric cars and acquisitions to treble sales: sources
Japan’s Nidec Corp plans to more than treble its revenue over the next five years by focusing on electric vehicle powertrains and buying specialists in motor technologies, two people familiar with the matter told...
Aston Martin’s lifeline buys carmaker time as SUV hits road
Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is...
Volkswagen truck unit Traton offers $2.9 billion to take over Navistar
Volkswagen AG’s Traton commercial truck unit said on Thursday it had offered $35 a share, or $2.9 billion, for the shares of U.S. truck maker Navistar International that it does not already own, and investors bet the...
