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...
Fiat Padmini long gone, Premier Ltd now faces bankruptcy
Two decades since the last Premier Padmini rolled off its factory, the maker of the iconic sedan is staring at the end of the road. After decades of dominating India’s roads, along with Hindustan Motors Ltd’s...
Hero Electric raises Rs 160 crore from Alpha Capital Advisors
Hero Electric Tuesday said it has raised Rs 160 crore from investment management firm Alpha Capital Advisors to fund its future expansion. With this investment, the Mumbai-based firm has become a “significant...
Escorts forms JV with Japan co for tractors
Escorts has formed a joint venture (JV) with Japan’s Kubota Corporation to produce high end tractors for domestic as well as overseas markets, the engineering and farm equipment maker announced on Monday. The JV —...
Tesla may consider buying idle General Motors plants: Elon Musk
Tesla Inc. Chief Executive Officer Elon Musk told CBS’s “60 Minutes” that he may be willing to buy some of the five factories General Motors Co. will idle next year, making him the second rival in two days to step up...
China’s BAIC sinks on report Daimler may raise stake in joint venture
BAIC Motor Corp’s (1958.HK) shares slumped 13.5 percent on Wednesday after Bloomberg reported that Germany’s Daimler AG (DAIGn.DE) is considering increasing its stake in its joint venture with the Chinese company. An...
Mahindra First Choice acquires Carnation brand
In the first major move towards consolidation in the $7-billion Indian automotive aftermarket space, the country’s largest organised vehicle service company Mahindra First Choice Services has acquired branding...
