Volkswagen said on Thursday it was not interested in taking a stake in Tesla, denying a media report that CEO Herbert Diess wanted to buy shares in the U.S. company to access its software and batteries technology. “The...
Mohamed Yousuf Naghi Motors acquires Ford and Lincoln dealership in Saudi Arabia
Saudi automotive company Mohamed Yousuf Naghi Motors has acquired the Ford Motor and Lincoln distributorship from Al Jazirah Vehicles Agencies Co in the western and southern regions of Saudi Arabia, the law firm...
Great Wall warns BMW joint venture faces uncertainties
China’s Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car. The regulatory questions...
Tata Motors announces partnership with Tata Power to set up public EV charging infrastructure
To address the concern of a lack of public charging infrastructure for electric vehicles, Tata Motors announced a partnership with another group company Tata Power to set up public charging stations at key locations in...
JLR eyes strategic, tactical partnerships to lessen capex burden
Jaguar Land Rover is eyeing strategic and tactical partnerships to share the capital investments in technology, future models and in areas of shared mobility, said N Chandrasekaran, chairman of the British luxury...
Toyota Motor to invest $600 million in joint venture with China’s Didi
Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing and a new joint venture to expand collaboration with the firm in China. The move accelerates a trend in China...
Kinetic Engineering eyeing partnership for battery and motor manufacturing
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...
