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...
Hitachi auto unit, Honda-affiliated suppliers consider merger
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...
