Luxury automaker Jaguar Land Rover’s chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger. “We feel the pressure”...
PSA trade unions give the nod to merger with Fiat
The majority of unions representing workers at Peugeot maker PSA are in favour of a planned $50 billion merger with Fiat Chrysler, PSA executives and union representatives said. However, the unions said that once the...
Tata Motors to raise $300 million through offshore bonds
Tata Motors Ltd will raise $300 million through unsecured offshore debt financing, the company said in a filing to the stock exchanges late Wednesday. The bonds will bear a coupon rate of 5.875% and will mature in 2025...
Owner of Russia’s largest car dealership considering sale
The controlling shareholder of Rolf, Russia’s largest car dealership, said on Thursday it was exploring options for selling the firm. A spokeswoman for Delance Limited, which is Cyprus-based and controlled by the family...
Chinese auto firms eye GM’s last plant in India
SAIC Motor Corp. Ltd and Great Wall Motors Co. Ltd, two of China’s biggest automakers, are in talks with General Motors Co. to acquire the Detroit carmaker’s last remaining factory in India, two people aware of the...
Toyota, Suzuki in JV to dismantle, recycle vehicles in India
Suzuki Motor Corp. and Toyota Motor Corp. will start a vehicle dismantling and recycling joint venture in India as the Japanese automakers expand their alliance in the country. The joint venture, Maruti Suzuki Toyotsu...
European factories at risk in Peugeot-Fiat merger
Fiat Chrysler and Peugeot owner PSA’s pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a...
Fiat Chrysler and Peugeot expected to sign binding merger deal as soon as early-Dec: Source
Fiat Chrysler and Peugeot owner PSA aim to sign a final merger agreement as early as the beginning of next month, a source familiar with the matter said on Saturday. The two automakers said earlier this week they...
Fiat Chrysler, Peugeot owner PSA Group announce $48 billion merger
Fiat Chrysler and Peugeot owner PSA Group have announced the terms of a $48-billion merger that would create the world’s fourth-largest automaker and help spread the huge cost of developing electric and autonomous...
CCI okays Hyundai, Kia’s stake buy in ANI Technologies, Ola Electric
The Competition Commission on Wednesday said it has approved acquisition of shares by Hyundai Motor and Kia Motors in ANI Technologies and Ola Electric. As per a notice, the transaction pertains to the acquisition of...
TVS Motor ties up with Cadisa to expand distribution in Central America
Chennai-based automobile manufacturer TVS Motor Company, the flagship company of the $8.5-billion TVS group, has entered into partnership with Cadisa, a major business group across Guatemala and El Salvador, to...
Peugeot, FCA accelerate merger talks: sources
The boards of French automaker Peugeot SA and Fiat Chrysler Automobiles NV on Wednesday agreed to pursue a $50 billion merger, sources familiar with the matter said, a deal that could transform the global auto industry...
