Hitachi Ltd unit Hitachi Automotive Systems and three Honda Motor Co-affiliated suppliers are considering a merger to create Japan’s third-biggest auto-parts supplier by sales, four of the companies involved said on...
Fiat Chrysler, Peugeot owner PSA in talks to combine – source
Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion (£38.88 billion) automaker, a source familiar with the matter said on Tuesday. Fiat Chrysler shares rose sharply...
Sonalika forays into China market, forms JV with Shandong Luyu
Sonalika Group’s flagship company International Tractors Ltd (ITL) on Monday announced its entry in the world’s largest auto market China through a joint venture with over USD 400 million Shandong Luyu Heavy...
Three buyout groups vie for Scout24’s Autoscout unit: sources
German classifieds group Scout24 has picked three private equity firms for the second round of bidding for its autos unit AutoScout24, people close to the matter said on Thursday. Permira, Apax and Hellman &...
Ratan Tata to invest in e-bike startup Tork Motors
Ratan Tata, chairman emeritus Tata Sons, will invest an undisclosed amount in Tork Motors, the Pune-based electric motorcycle startup said on Monday. While Tork has been readying for the launch of its first product, the...
Volkswagen mulling sale or stock listing for Lamborghini: Bloomberg
Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported on Friday, citing people familiar with the matter. Chief Executive Herbert Diess in March said...
Auto1, private equity firms to bid for Scout24’s cars unit: sources
German classifieds group Scout24 has attracted interest in its autos unit AutoScout24 from used-car dealing platform Auto1 as well as from several private equity firms, people close to the matter said. Scout24, yielding...
Volkswagen completes merger of three Indian units
German automobile manufacturer Volkswagen Group has completed the merger of its three Indian subsidiaries, as part of its efforts to arrest falling sales and revenue by saving incremental costs, utilising combined...
Mahindra set to take control of Ford’s India auto business
Ford Motor Co has agreed to move most of its assets in India into a joint venture with Mahindra and Mahindra after its two-decade-old effort to gain a sizeable market share in the world’s fourth largest car market did...
Volkswagen India to merge all subsidiaries under single company
If the Skoda range of cars was the first brand the Volkswagen Group saw winning the favour of customers in India when it first launched in 2001, it is making no mistake about using the same established benchmark to...
Ford to transfer struggling India business to joint venture with Mahindra
Ford Motor Co. is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd. after failing to make meaningful inroads for more than two decades in the world’s fourth-largest...
Toyota to boost Subaru stake to more than 20%: sources
Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan’s top automaker, two people with direct knowledge of the matter...
