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...
No offer for Fiat Chrysler on the table, CEO says
Fiat Chrysler (FCA) has not received any offer for the company nor is the world’s seventh-largest carmaker working on any “big deal”, Chief Executive Sergio Marchionne said on Saturday. Speaking on the sidelines of the...
Ford, China’s Zotye Auto plan JV to build electric vehicles
Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world’s...
China’s Great Wall Motor eyes Fiat Chrysler deal
China’s Great Wall Motor signalled on Monday its intention to make an ambitious acquisition deal with Italian-American car maker Fiat Chrysler Automobiles following a report that it wants to buy the Jeep brand. An...
Tata Motors to fuel business with Rs 4,000-crore investment
Saddled with losses in its domestic commercial and passenger vehicle business, homegrown auto major Tata Motors on Monday reiterated its turnaround plan focused on cost reduction, new products, and bringing in...
Sixt CEO hints at car-sharing merger talks between BMW and Daimler
German carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) may be in talks to combine their car-sharing services Car2Go and DriveNow, the chief executive of car rental company and DriveNow partner Sixt (SIXG.DE) hinted on...
China’s Guangzhou Automobile says no plan to buy Fiat Chrysler
China’s Guangzhou Automobile Group Co Ltd (601238.SS) has no plans to acquire automaker Fiat Chrysler Automobiles (FCA) NV (FCHA.MI), a company spokesperson said on Friday. “Currently, we don’t have...
