Automobile manufacturer TVS Motor has acquired a minority stake in US-based industrial Internet of Things (IoT) firm Altizon Inc and Altizon Systems Pvt Ltd, with an investment of over $2.5 million, in order to utilise...
Nissan to reject new integration proposal from Renault: Nikkei
Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Nissan’s...
T. Rowe Price sheds most of its Tesla stake
T. Rowe Price, once the second-largest investor in Tesla Inc after Chief Executive Officer Elon Musk, has shed most of its stake in the electric carmaker in a series of transactions over the last two quarters. Funds...
Ashok Leyland eyes partnerships in EV space in bid to pare huge R&D costs
Commercial vehicle major Ashok Leyland may look at partnerships in electric vehicles segment in future in a bid to cut huge costs involved in developing new technologies in this space, a top company official said. In...
Volkswagen eyes big stake in China partner JAC, taps Goldman: sources
Volkswagen AG is exploring purchasing a big stake in its Chinese electric vehicle joint venture partner JAC Motors and has tapped Goldman Sachs as an adviser on the plan, people with direct knowledge of the matter said...
Carmakers can now take CCI to NCLT over landmark Rs 2,544-cr anti-consumer fine
In a potentially far-reaching move, the Delhi High Court today allowed car companies in India to move NCLT challenging Competition Commission of India’s Rs 2,544 crore penalty on them. The penalty pertains to a...
Ford likely to end independent India business with new Mahindra deal – sources
Ford Motor Co is nearing a deal with Mahindra & Mahindra to form a new joint-venture company in India, a move that will likely see the U.S. automaker cease independent operations in the country, two sources with...
Hyundai Motor denies tie-up with Tencent on driverless car software
South Korean automaker Hyundai Motor Co on Sunday denied a report that it had signed a preliminary deal with Chinese technology firm Tencent Holdings to develop software for driverless vehicles. Hyundai’s comments come...
Volkswagen Group to merge all three passenger car entities in India
German auto major Volkswagen Wednesday said it intends to merge all passenger car entities in India, which will now be led by group firm Skoda Auto as part of its new strategy for the country. The boards of the three...
Tata Motors arm transfers defence business worth Rs 625 crore to TASL
Tata Motors Saturday said it has sold its stake in subsidiary TAL Manufacturing Solutions Limited to sister concern TASL for Rs 625 crore for the aerospace business. Tata Motors also said that it has acquired non...
Brazil automaker CAOA signs agreement with Ford over plant purchase: source
Brazilian automaker CAOA has signed a confidentiality agreement to negotiate a potential purchase of Ford Motor Co’s plant in the industrial city of Sao Bernardo do Campo, according to a source familiar with the matter...
Daimler buys Torc Robotics stake for self-driving trucks
Daimler Trucks has agreed to buy a majority stake in self-driving truck software maker Torc Robotics as part of a broader push to develop autonomous vehicles. Torc, based in Blacksburg, Virginia, will help Daimler...
