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...
Renault CEO Bollore has no plans to reduce Nissan stake
Cutting its stake in alliance partner Nissan is not on Renault’s agenda, the French carmaker’s chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi. Renault and Fiat Chrysler...
Hyundai and Kia to invest in self-driving startup Aurora
Hyundai Motor Co said on Thursday it would invest in self-driving car software startup Aurora along with Kia Motors Corp to speed up development of autonomous vehicle technologies. “With the new investment, the...
Merger or divorce? What’s ahead for Renault-Nissan alliance
Renault SA and Nissan Motor Co.’s two-decade partnership is hurtling toward a reckoning, their carmaking alliance shaken by the arrest of former chairman Carlos Ghosn in November and fruitless merger talks with Fiat...
FCA-Renault revival may hinge on Nissan stake cut – sources
Fiat Chrysler Automobiles NV and Renault SA are looking for ways to resuscitate their collapsed merger plan and secure the approval of the French carmaker’s alliance partner Nissan Motor Co Ltd, according to several...
Fiat Chrysler withdraws merger offer for Renault, blames French politics
Fiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker. A source close to...
Volkswagen seeks dual listing for minority stake in Traton trucks unit
Volkswagen said on Monday it would seek a dual listing of a minority stake in its Traton trucks unit on the Frankfurt and Nasdaq Stockholm exchanges, with an initial public offering (IPO) planned for completion before...
