In a development that signals the movement of the traditional transport and logistics business to more technology-based solutions, India’s largest commercial vehicle maker, Tata Motors Ltd, on Tuesday bought a 26% stake...
PSA seeks partial sale of Opel R&D unit – Le Monde
Carmaker PSA (PEUP.PA) is looking to sell part of the research and development arm of its Opel affiliate as part of efforts to restore profitability to the loss-making unit, Le Monde newspaper reported on Tuesday. The...
Philippines’ GT Capital to invest up to $202 million in Toyota Motor
Philippine conglomerate GT Capital Holdings Inc (GTCAP.PS) said on Thursday it would buy shares of Japan’s Toyota Motor Corp (7203.T) worth up to 22.2 billion yen ($201.6 million), marking its first offshore investment...
Ashok Leyland gets nod from board to merge light commercial vehicle arm
Ashok Leyland has received an approval from its board to merge its light commercial vehicle (LCV) subsidiaries, which were acquired from its erstwhile partner Nissan, with itself. The company has announced acquisition...
Tata Motors open to stake sale in finance arm, expects Rs 50k cr AUM by 2020
Tata Motors is open to divesting stake in its financing arm, Tata Motors Finance NSE 0.10 %, which is expected to have Rs 50,000 crore of assets under management by 2020, according to company officials. The auto major...
FCA in talks with Santander Consumer USA over car financing joint venture
Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint...
Tata Power partners with Tata Motors to make Maharashtra EV ready
Tata PowerNSE -0.74 % today said it has partnered with Tata MotorsNSE 1.70 % to make Maharashtra EV ready and to establish electric vehicle charging stations in the state for public use. Tata Motors has signed a...
Renault-Nissan merger unlikely before 2020, CEO Ghosn says
Renault (RENA.PA) and Nissan (7201.T) are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on...
Tata Motors plans to exit from its Hitachi JV following Q4 loss
Tata Motors has identified subsidiaries and joint ventures it plans to exit in a bid to deleverage its balance sheet and make itself agile and future-ready. The exit from non-core businesses is part of a larger strategy...
Cabinet approves restructuring of Scooters India balance sheet
The government has approved balance sheet restructuring of Scooters India Ltd ahead of its proposed restructuring and the waiver of penal interest on loans of two other state-run entities. The cabinet committee on...
Suzuki, Toyota may decide on tie-up by end of 2018-19
Japanese auto makers Suzuki Motor Corp. and Toyota Motor Corp. are likely to firm up discussions regarding their partnerships by the end of this fiscal, a top executive at Toyota Kirloskar Motor Pvt. Ltd said. The...
Chinese owner eyes Volvo Cars IPO, picks banks – source
The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker at between $16-$30 billion, a person familiar with the matter told...
