Ather Energy, an electric scooter manufacturing startup, on Monday raised funds to the tune of $51 million, which would be used for setting up a new manufacturing capacity, research and development for a range of...
Toyota may invest $550 million in China ride-hailing firm Didi: Report
Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan’s top automaker was also looking to...
Fiat Chrysler and Renault pursue $35 bln merger to combat car industry upheaval
Fiat Chrysler pitched a finely balanced merger of equals to Renault on Monday to tackle the costs of far-reaching technological and regulatory changes by creating the world’s third-biggest automaker. If it goes ahead...
Renault, Nissan, Mitsubishi may discuss a merger in the future
Car makers Renault, Nissan and Mitsubishi may discuss a merger later in the future, Jean-Dominique Senard, the CEO of the French car manufacturer said on Saturday. “These discussions over a capitalistic merger have been...
Fiat Chrysler-Renault tie-up set to create world’s third-biggest automaker
Fiat Chrysler Automobiles NV is poised to announce an operational tie-up with Renault SA as soon as today that could lead to a full merger of the French and Italian-American companies, creating the world’s third-biggest...
Renault and Fiat set to announce talks for a potential merger: Report
French and Italian-US auto giants Renault and Fiat Chrysler are set to announce talks on an alliance, with a view to a potential merger, informed sources said on Sunday. Renault and Fiat Chrysler Automobiles (FCA) are...
Self-driving startup Aurora to buy lidar company Blackmore
Self-driving car startup Aurora Innovation Inc said on Thursday it would buy Montana-based Blackmore, a company that develops a detection system known as lidar, used in self-driving technology. Aurora is among dozens of...
Hyundai ties up with ALD Automotive for car leasing business
Cars and SUVs made by Hyundai Motor India Ltd (HMIL) will soon be available on lease from ALD Automotive India Ltd, as part of a tie-up announced by the two companies on Thursday. Under the deal, Hyundai vehicles can be...
China’s BAIC seeks to buy 5 percent Daimler stake – sources
China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter...
TVS Motor invests $3.85 million in TagBox
TVS Motor Company has invested $3.85 million (about Rs26.69 crore) in TagBox, a machine learning platform company as part of its Series A funding round. This round was entirely led by TVS Motor Company and its Singapore...
FCA completes sale of Magneti Marelli for 5.8 billion euros
Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros ($6.5 billion), slightly below the initial price tag due to the unit’s changed...
Tesla plans to raise $2 billion from stock, bond offerings
Tesla Inc. plans to raise about $2 billion through debt and stock offerings, after Elon Musk overestimated the ability of the Model 3 sedan to generate enough cash for the company to be self-sustaining. The electric-car...
