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...
Nissan, Renault not ready to discuss new capital ties – Saikawa
Nissan CEO Hirota Saikawa said on Monday that he had not heard directly about a reported French proposal to integrate the Japanese carmaker’s management with Renault, adding that it was not the time to discuss revising...
M&M hikes stake in Ssangyong Motor to 74.65%, picks shares worth Rs 316 cr
Homegrown auto major Mahindra & Mahindra (M&M) Wednesday said it has increased stake in its South Korean arm Ssangyong Motor Company to 74.65 per cent with the subscription of additional shares worth Rs 316.5...
China and India keen on joint ventures in manufacturing e-vehicles
China and India, the world’s two largest greenhouse gas emitters, are keen on joint ventures in manufacturing electric vehicles as companies from both countries held talks at a three-day event in Beijing...
Volkswagen, Ford to reveal deeper alliance next week: sources
Volkswagen AG and Ford Motor Co will unveil a deeper alliance next week that goes beyond cooperating in commercial vehicles in a move meant to save the automakers billions of dollars as they develop new technologies...
Nissan alters governance code, won’t rule out Renault stake sale
Nissan Motor Co. updated its corporate governance code, a month after the arrest and indictment of former Chairman Carlos Ghosn brought differences with partner Renault SA out in the open after a two-decade partnership...
BMW and Daimler may go from being rivals to partners
Daimler and BMW are considering joining forces on making key automotive components, a move that would tie the traditional luxury-car rivals more closely than ever before and reflect the fundamental changes sweeping the...
