Japanese auto parts supplier Denso Corp (6902.T) is buying an additional 4.5 percent stake in chipmaker Renesas Electronics (6723.T) in a deal worth $800 million based on market prices, as car makers accelerate the...
Nissan in talks to buy France’s Renault stake in merger prelude
Renault (RENA.PA) and alliance partner Nissan (7201.T) are discussing plans for a closer tie-up in which the Japanese carmaker would acquire the bulk of the French state’s 15 percent Renault holding, people close to the...
Daimler, Volvo Cars executives skeptical over Geely alliance plan
Executives at Daimler (DAIGn.DE) and Volvo Cars question the viability and industrial logic of a plan by their major shareholder, China’s Geely, to form an auto industry alliance to counter “tech invaders.” Li revealed...
VW to pursue IPO plan for trucks division: Handelsblatt
Volkswagen (VOWG_p.DE) intends to change the legal structure of its trucks business this month as a first step towards an initial public offering (IPO) of the division, German paper Handelsblatt reported. Changing...
Hyundai to invest in battery electric, fuel cell vehicles
Korean auto major Hyundai Motor Company (HMC) is investing in developing both battery electric (BEV) and fuel cell vehicles (FCV) to meet more stringent emission standards, which are expected to be implemented in the...
China’s Geely raid on Daimler reignites German know-how fears
Automaker Geely’s purchase of a $9 billion stake in Mercedes maker Daimler rekindled fears in Germany on Monday of its highly-prized expertise falling into Chinese hands. Economy minister Brigitte Zypries stuck to...
Daimler in $2 billion China investment with BAIC as Geely swoops
Daimler and its Chinese partner BAIC plan to invest almost $2 billion in a state-of-the-art factory in China, underlining their relationship as rival Geely makes a surprise swoop on the German carmaker. The two will...
Mitsubishi Corp considers raising stake in Mitsubishi Motors in tender offer
Trading house Mitsubishi Corp (8058.T) said on Tuesday it was considering raising its stake in Mitsubishi Motors (7211.T) via a tender offer, a deal that the Nikkei newspaper reported could be worth about $1.1 billion...
Mahindra Group to invest Rs900 crore more into electric vehicle venture
The Mahindra Group on Monday announced fresh Rs900-crore investment in electric vehicles (EVs) over the next four years, which should ramp up its first installed capacity to 5,000 units a month. “We have already...
Tonino Lamborghini SPA enters into partnership with Kinetic Group
Tonino Lamborghini SPA and Pune-based Kinetic Group have agreed to jointly produce electric golf carts in India and both companies are exploring the possibility of manufacturing small electric cars and two-wheelers in...
Bharat Forge to buy 45% stake in electric vehicle start-up Tork Motors for Rs30 crore
Auto components major Bharat Forge on Thursday said it will make a strategic investment of up to Rs30 crore to acquire 45% stake in Pune-based electric vehicle (EV) start-up Tork Motors. Tork is an electric drivetrain...
Ashok Leyland to invest Rs 1 billion in electric vehicle technology
Commercial vehicle (CV) major Ashok Leyland is planning to invest around Rs 1 billion in the electric vehicle (EV) technology over the next two-three years. The company is also planning to showcase the prototype of its...
