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...
Tata Sons increases stake in Tata Motors to restore investor faith
Tata Sons has bought 11.8 million shares of Tata Motors in tranches from last Monday to Friday, according to block deal data. The transaction — the second one in less than a year — is seen as an effort to restore...
Amazon, GM in talks to invest in electric pickup truck maker Rivian: sources
Amazon.com Inc and General Motors Co are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the...
MG Motor India ties up with 5 private banks for vehicle finance
MG Motor India Wednesday said it has tied up with five leading private banks to offer vehicle loans to its customers and dealers. The company said it has signed agreements with Axis Bank, HDFC Bank, ICICI Bank, Kotak...
Volkswagen aims for Traton truck IPO in April: sources
Volkswagen is aiming to list its trucks unit Traton in April and expects to sell shares worth 5 billion to 6 billion euros ($5.7 billion to $6.9 billion), two people close to the matter said. Plans for a stock market...
China’s Didi sets up joint ventures with BAIC unit, Volkswagen
China’s Didi Chuxing has set up joint ventures with a unit of Chinese carmaker BAIC and Germany’s Volkswagen as part of the ride hailing giant’s goal to ultimately develop purpose-built cars for its services. China’s...
Toyota, Panasonic announce battery venture to expand EV push
Toyota Motor Corp and Panasonic Corp are launching a joint venture next year to make electric vehicle (EV) batteries, leveraging the heft of one of the world’s largest automakers and battery makers to expand their EV...
