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...
French demands challenge FCA-Renault deal push
Talks on Fiat Chrysler’s proposed merger with Renault became mired in politics on Monday, as France sought more concessions to maintain government influence over the new carmaker’s management and French assets, sources...
Mitsubishi Corp to hike stake in TVS Automobile Solutions from 3% to 25%
TVS Automobile Solutions Private Limited (TASL), one of India’s leading independent aftermarket players and part of the $8.5 bn TVS group, has announced strategic partnership with Mitsubishi Corporation (MC), Japan...
FCA discusses improved Renault merger bid to win French backing
Fiat Chrysler is discussing a Renault special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, sources close to the discussions said. The...
Renault board to review FCA merger move on Tuesday
The board of Renault will meet on Tuesday to discuss Fiat Chrysler’s merger offer, the French carmaker said, as Finance Minister Bruno Le Maire reiterated the government’s conditional support for the tie-up. Renault...
FCA, Renault face tall odds delivering on cost-cutting promises in merger
Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real...
Volvo Cars invests in VR startup Varjo Tech
Volvo Cars has made a multi-million euro investment in Varjo Technologies Oy, whose headset with screens and cameras can be used to allow engineers to test-drive cars to dodge hazards such as virtual moose...
