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...
Donald Trump puts pressure on General Motors CEO to sell Ohio plant
A day after demanding that General Motors Co. keep open a plant in Lordstown, Ohio, that it’s idling, President Donald Trump said he asked Chief Executive Officer Mary Barra to sell the plant and tried to shift blame to...
Audi says it is considering China joint venture stake increase
Volkswagen’s premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand’s China chief Alexander Seitz said on Thursday. “At the end of this year or...
SoftBank, Toyota in talks to invest $1 billion in Uber’s self-driving unit: sources
A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10...
U.S. sanctions prevent Volkswagen from buying stake in Russia’s GAZ: RIA
Volkswagen cannot buy a stake in Russian automaker GAZ because the company is under U.S. sanctions and talks on a deal have been suspended, RIA news agency reported on Wednesday, citing the head of VW’s Russian...
Harley-Davidson scoots into kids electric bikes with StaCyc deal
Harley-Davidson Inc moved into kids electric bikes on Tuesday with the purchase of California-based StaCyc Inc, tapping a new business outside its declining core market in classic motorcycles. StaCyc’s ‘EDRIVE’ bikes...
India’s Tata Motors denies reports of JLR unit stake sale
India’s Tata Motors Ltd on Friday denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc. Two media reports said the company was considering options including...
