With its stock trading near a 6-year low late last month, Ford Motor Co CEO Jim Hackett gathered the automaker’s top 300 executives near its headquarters in Michigan for a global leadership meeting. Hackett’s message:...
Volkswagen’s truck unit says no final decision taken on IPO
Volkswagen (VOWG_p.DE) sought to dampen expectations on Tuesday that it would soon list its truck unit Traton on the stock market, saying no final decision had been taken. Volkswagen has taken steps to prepare Traton...
Daimler buys 20 percent stake in Volkswagen’s Heycar used-car platform
Germany’s Daimler is buying a 20 percent stake in Heycar, a used-car portal launched last year by its rival Volkswagen, VW said on Thursday. Daimler is acquiring the shares through a capital increase at Mobility Trader...
Suzuki exits China after dissolving tie-up with Changan
Suzuki Motor Corp. is pulling out of China after dissolving its last remaining auto-making partnership in the world’s biggest car market. Suzuki agreed to transfer the 50% stake it holds in Changan Suzuki to Chongqing...
Mahindra in talks with Ford to collaborate for the market of Indonesia, Russia and South Africa
As part of its wide-ranging partnership discussion with US car maker Ford, Mahindra & Mahindra has started exploring potential of getting into markets of Indonesia, Russia and penetrate deeper into the South African...
Elon Musk hires Morgan Stanley to help take Tesla private
Elon Musk has hired Morgan Stanley to assist him in his potential bid to take Tesla Inc. private, according to a person familiar with the matter. Musk, 47, shocked the financial world 7 August when the chief executive...
Force Motors to acquire Man Trucks’ Pithampur facility
Pune-based Force Motors today said it has agreed to acquire Pithampur-based manufacturing plant of German commercial vehicle maker MAN Trucks for an undisclosed amount. In a regulatory filing, Force said its board has...
Investors in Tesla bonds, options show skepticism on buyout
Investors in the debt and in the equity options of electric carmaker Tesla (TSLA.O) are betting the take-private deal described by Chief Executive Elon Musk will not materialize. Like its stock price, Tesla bonds have...
Saudi PIF in talks to invest in aspiring Tesla rival Lucid – sources
PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid...
Volkswagen Group owned MAN Trucks exits Indian market
Volkswagen Group-owned MAN Truck & Bus has pulled the plug on the growing Indian market as part of its global plans of focusing on the premium segment of the global market. The company has put its Pithampur plant up...
TVS Logistics in talks to acquire Gati for Rs 1,500 crore.
TVS Logistics, India’s largest logistic services provider, is in talks with smaller rival Gati to buy a controlling stake for about Rs 1,500 crore, signalling bigger investments, in an industry benefiting from a surge...
Tata Motors restarts talks to sell engineering unit stake
Tata MotorsNSE 0.36 % Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the...
