Rather than just put more vehicles on the world’s congested roadways, Volvo Cars owner Zhejiang Geely Holding Group Co. is looking to the skies. The Chinese automaker has acquired a US company trying to bring a flying...
Hero MotorCorp invests Rs 20 cr in two-sheeler start-up Ather Energy
Hero MotorCorp has invested an additional Rs 20 crore in Ather Energy, the smart electric two-wheeler start-up, as part of the company’s total commitment of Rs 205 crore for 26-30 percent of the stake in the...
Volvo abandons plan to sell Governmental Sales unit
Trucks and construction equipment maker Volvo (VOLVb.ST) said on Tuesday it had decided to end a sales process for its Governmental Sales business due to insufficient offers. The Gothenburg-based firm, announced its...
Mahindra & Mahindra to invest up to Rs 4,000 crore to boost electric vehicle business
Having lost out the prestigious government electric vehicle order to Tata Motors, Mahindra & Mahindra, India’s leading electric vehicle maker is not perturbed and has set its eye on bigger things in the future. The...
Fiat Chrysler CEO says spin-off his preferred option for Magneti Marelli
A spin-off is the option favoured by Fiat Chrysler (FCA) Chief Executive Sergio Marchionne to unlock value from components maker Magneti Marelli, he said on Monday. Marchionne said in July that FCA was working on a plan...
Toyota, Mazda, Denso to set up electric vehicle joint venture, say sources
Toyota Motor Corp, Mazda Motor Corp and parts maker Denso Corp are planning to set up a joint venture to develop electric vehicles, sources familiar with the matter said. Toyota, Japan’s biggest automaker, agreed...
Ford, Lyft will partner to deploy self-driving cars
Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford self-driving vehicles on the ride services company’s network in large numbers by 2021. Ford and Lyft teams will begin working together to...
M&M to buy Turkish tractor firm for Rs 815 crore
The country’s biggest tractor maker Mahindra & Mahindra (M&M) will be acquiring Turkey’s fourth-largest tractor maker, Erkunt Traktör Sanayii and its foundry business, for Rs 815 crore in an all-cash deal. This...
M&M enters into strategic alliance with Ford to explore collaboration on electric vehicles
Mahindra & Mahindra has entered into a strategic alliance with US car major Ford Motor Company to explore cooperation in the sphere of products, technologies and distribution including future mobility program...
Force Motors, Rolls-Royce in talks for engine JV
Pune-based auto maker Force Motors on Tuesday signed a non-binding term sheet with Rolls-Royce Power Systems to form a joint venture (JV) to produce engines. According to a Force Motors release, the JV will make engines...
TVS Motor acquires entire stake of TVS MS
Two-wheeler major TVS Motor Company has acquired the entire stake in TVS Motor Services Ltd (TVS MS), through which Non-Banking Finance Company (NBFC) TVS Credit Services Ltd will become the subsidiary of the company...
Eicher Motors closes in on Ducati; to make a binding bid of $1.8bn
After taking Royal Enfield and its cult Bullet motorbikes to top gear of machismo appeal and global profitability, Siddhartha Lal led Eicher MotorsBSE 2.21 % is revving up to make a binding offer to acquire the iconic...
