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...
Ather Energy raises $51 mn from Hero MotoCorp, Innoven Capital and Sachin Bansal
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...
