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...
Tata Motors acquires 26% stake in freight start-up TruckEasy
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...
