Ford Motor Co on Thursday said it will buy transportation software companies Autonomic Technologies Inc and TransLoc Inc for undisclosed sums as part of a strategy to expand ride services and transport businesses. Ford...
PE-backed CarTrade to acquire Shriram Automall for Rs 1.56 billion
CarTrade, a private equity-backed firm, is set to acquire a majority stake in Shriram Automall (SAMIL), which sells used trucks, buses and other vehicles, from Shriram Transport Finance Corporation (STFC) for Rs 1.56...
TVS Motor increases stake by 5.6% in RentOnGo
Two-wheeler major TVS Motor is in a start-up acquisition mode. After acquiring a minority stake in Bengaluru-based electric two-wheeler and energy infrastructure start-up Ultraviolette Automotive Pvt Ltd in December...
Nvidia partners with Uber, Volkswagen in self-driving technology
Nvidia Corp will partner with Uber Technologies Inc and Volkswagen AG as the graphics chipmaker’s artificial intelligence platforms make further gains in the autonomous vehicle industry. The company, which already has...
China’s FAW Car buys 10 pct stake in Mobike’s new car-sharing unit
FAW Car Co Ltd said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co. Mobike Chuxing was set up in December with registered capital...
China’s Geely acquires Cevian’s 8.2% stake in Swedish truck maker Volvo
China’s Geely Holding, which already owns the Volvo Car Group, is buying an 8.2 percent stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3-billion. Volvo Car Group was split from...
Carnation stares at bankruptcy
Former Maruti SuzukiBSE 0.01 % MD Jagdish Khattar- promoted multi-brand car service company Carnation Auto is facing bankruptcy. A corporate insolvency resolution process has been initiated against the company by its...
Daimler buys majority stake in French car-ride app Chauffeur Prive
German carmaker Daimler has agreed to buy a majority stake in Chauffeur Prive, a French rival to the larger Uber car-ride app, in the latest example of traditional companies looking to deal with challenges from...
Italian fund denies seeking to raise stake in Aston Martin
Italy’s Investindustrial is not in talks to increase its stake in Aston Martin and no decision has been taken on a possible stock market listing for the British carmaker, the private equity group said, denying an...
TVS buys 14.8% stake in electric two-wheeler firm Ultraviolette for Rs 5 cr
TVS Motor has acquired a minority stake in Bengaluru-based electric two-wheeler and energy infrastructure start-up Ultraviolette Automotive. The company will acquire 14.78 percent stake, or 6,750 equity shares of Rs 10...
PSA Group and Nidec enter into JV to set up electric motor venture
Peugeot maker PSA Group and Japan’s Nidec Corp will invest 200 million euros ($237 million) in a joint venture to develop and produce electric car motors for a fast expanding market, the companies said on Monday...
Fiat Chrysler, Hyundai discuss technical partnership; no talks of merger
Fiat Chrysler Automobiles is in talks with South Korea’s Hyundai about a technical partnership, but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday. FCA is often...
