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...
Honda, Hino to join SoftBank, Toyota’s self-driving car service venture
Honda Motor Co and Japanese truck maker Hino Motors Ltd will join a joint venture of SoftBank Group Corp and Toyota Motor Corp that aims to develop self-driving car services, the venture said on Thursday. Under an...
Parts maker ZF Friedrichshafen positions for driverless cars with $7 billion deal for Wabco
German auto parts maker ZF Friedrichshafen has agreed to buy U.S. rival Wabco for over $7 billion, an acquisition it has long targeted to bolster its expertise in autonomous-driving technologies. The all-cash deal...
Renault said to seek merger with Nissan, Fiat Chrysler
Renault SA is seeking to restart merger talks with Nissan Motor Co. within 12 months as the first step toward the creation of a bigger auto conglomerate that will involve a bid by both companies for Fiat Chrysler...
Pininfarina is on lookout for acquisitions in US and Europe to speed up growth
Pininfarina, the design and engineering company acquired by the Mahindra Group in late 2015, has turned around ahead of schedule. That has prompted Pininfarina to scout for acquisitions in the US and Europe as it aims...
Fiat Chrysler revs up as Peugeot points to merger potential
Fiat Chrysler shares jumped on Tuesday to the top of Europe’s STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was...
GM considers options for its Lyft stake following IPO
As Lyft Inc cruises toward an initial public offering this month, one of the big winners will be General Motors Co, whose stake in the ride-hailing firm could be worth as much as $1.27 billion. GM is not talking about...
