Kinetic Engineering, the erstwhile maker of the Luna mopeds and the Kinetic scooter, is exploring partnerships to get into battery and electric motor manufacturing in India amid the government’s push for developing...
Rolls-Royce ends talks with Indra on ITP Aero stake with no deal
Rolls-Royce said on Wednesday that its discussions with Indra Sistemas SA, which had expressed interest in acquiring a majority stake in the British group’s Spanish business ITP Aero, have ended without agreement. Rolls...
China’s BAIC buys 5% Daimler stake to cement alliance
China’s Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler, cementing their long-standing alliance after China’s Geely emerged as a potential rival by also taking a stake in the German automaker...
TVS Motor invests $7 million in US-based Scienaptic Systems
Making yet another strategic investment in startups, TVS Motor Company Limited, through its wholly-owned subsidiary TVS Motor (Singapore) Pte Limited, has signed a definitive agreement with New York-based Scienaptic...
Electric vehicle start-up SmartE gets Rs 100-crore investment from Mitsui
Electric vehicle (EV) start-up SmartE has raised Rs 100 crore from Japanese major trading house Mitsui & Co in a Series B funding round. In addition to the capital, Mitsui will bring to SmartE multiple synergies...
Renault forms Chinese electric vehicles venture with Jiangling Motors
Renault (RENA.PA) has formed a joint venture partnership with Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market, in a deal which will also see Renault take a 50% stake in the...
Cotton Greaves increases stake in electric two-wheeler maker Ampere
Engineering company Greaves Cotton, which manufactures and supplies automotive engines to Piaggio amongst other companies, on Monday invested Rs 16 crore in electric two-wheeler maker Ampere Vehicles, increasing its...
Ford, Volkswagen promise details on electric, autonomous vehicle alliance
Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles. Further...
FCA chairman says Renault merger plan was ‘act of courage’: paper
The merger proposal made by Fiat Chrysler (FCA) (FCHA.MI) to Renault (RENA.PA) in May was an “act of courage” but the Italian-American carmaker felt the conditions were not right to go ahead, FCA Chairman John Elkann...
Emissions rules and electric shift to spur car engines M&A
A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives...
U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp...
French official says ‘not aware’ of new discussions on Renault, Fiat Chrysler alliance
The head of French state holding APE said on Thursday he was “not aware” of any new discussions between Renault and Fiat Chrysler over a future alliance. Martin Vial told France Info radio that Renault’s alliance with...
