The Competition Commission of India (CCI) on Tuesday cleared Mahindra & Mahindra’s proposed acquisition of a nearly 59 per cent stake in commercial vehicle maker SML Isuzu for Rs 555 crore. Mahindra &...
Nissan plans to reduce stake in Renault, CEO Espinosa tells Nikkei
Nissan Motor CEO Ivan Espinosa said that the company plans to reduce the automaker’s stake in French partner Renault, the Nikkei business newspaper reported on Monday. Nissan and Renault had said in March they had...
Auto parts maker Dana to sell unit to Allison Transmission for $2.7 billion
Dana will sell its off-highway business to Allison Transmission for $2.7 billion, the auto parts makers said on Wednesday. Shares of the Maumee, Ohio-based Dana rose 7% after the bell. Its board authorized a $1 billion...
Auto parts maker Dana to sell unit to Allison Transmission for $2.7 billion
Dana will sell its off-highway business to Allison Transmission for $2.7 billion, the auto parts makers said on Wednesday. Shares of the Maumee, Ohio-based Dana rose 7% after the bell. Its board authorized a $1 billion...
Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing
Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto parts company said in a statement, after months of uncertainty about its talks with creditors...
Motherson’s Marelli takeover faces US hedge fund bump
Samvardhana Motherson is bracing for battle with US distressed debt hedge fund Strategic Value Partners (SVP) over the acquisition of Marelli Holdings, a Japanese car parts supplier owned by private equity group KKR...
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Motherson offers to acquire Marelli of Japan
A successful acquisition would mark a significant leap for Motherson, positioning the company among the world’s top automotive parts suppliers. (Source: LinkedIn) Indian auto parts supplier Motherson Group is set...
India’s Bajaj Auto to take control of KTM with $906 million debt deal
India’s Bajaj Auto plans to take control of KTM AG as part of an 800 million euro ($906.2 million) debt package aimed at reviving the troubled Austrian motorcycle maker, it said on Thursday. The move will see the...
Renault Group seeks CCI nod to buy out remaining 51% stake in Indian joint venture
French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan’s remaining 51 per cent stake in their Indian manufacturing joint venture — Renault...
Stellantis chairman denies merger talks with Renault
Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault. “We are not discussing any merger,” Elkann said...
Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr
Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu. The company had earlier announced that it would acquire 58...
Chinese carmaker Geely offers to take Zeekr unit private in $2.2 bln deal
Chinese automaker Geely Automobile on Wednesday offered to pay $2.2 billion to privatise its unit Zeekr just a year after it took the EV brand public in the U.S., saying it wanted to consolidate its business to fend off...
