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...
Tesla partners with LG Chem, CATL for battery supply
Tesla Inc has entered into a partnership with South Korea’s LG Chem Ltd and China’s CATL for supply of batteries used in its electric cars, the company said on Wednesday. Tesla, which has a long-standing battery supply...
Triton offers to buy Renk for 97.80 euros a share
German car and truck maker Volkswagen on Thursday said it had sold its transmissions making unit Renk to Triton for 97.80 euros a share, in a deal which gives Volkswagen proceeds of 530 million euros. Triton entered...
ZF wins U.S. approval to buy Wabco on condition of asset divestiture
German auto parts maker ZF Friedrichshafen AG won U.S. antitrust approval for its $7 billion deal to buy U.S. rival Wabco (WBC.N), the Justice Department said on Thursday. To win approval, the government required the...
Fiat Chrysler CEO: Peugeot merger talks progressing well
Fiat Chrysler’s chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA to create the world’s No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months...
Zoomcar raises $30 million from Sony fund, others in fresh round
Self-drive car rental platform Zoomcar has raised $30 million in its ongoing Series D round led by Sony Innovation Fund, and other existing investors, it said on Monday. The Bengaluru-based mobility startup plans to...
China’s Great Wall agrees to buy General Motors’ India plant
Great Wall Motor has agreed to buy General Motors’ (GM) car plant in India, the companies said on Friday, as the Chinese automaker expands overseas amid slowing domestic demand. The deal, which is expected to be...
