Five months after they said they would develop cars for emerging markets together, Tata Motors and Volkswagen have decided to terminate discussions. Tata Motors, the fifth-largest player in the domestic car market, has...
Tata Motors, Skoda end discussions on partnership
Tata Motors and Skoda Auto ended discussions around a potential partnership that, if materialised, would have the two automakers and the VW Group sharing vehicle platforms, engines and even production facilities...
Nissan to sell its electric battery business to GSR Capital
Nissan Motor Co said on Tuesday it has agreed to sell its electric battery business to Chinese investment firm GSR Capital for an undisclosed sum. The business to be sold to GSR includes battery plants in Tennessee...
Bajaj Auto partners with Triumph to take on Royal Enfield
India’s Bajaj Auto Ltd and the UK’s Triumph Motorcycles Ltd on Tuesday announced a global partnership to make deeper inroads into the so-called middleweight (engine capacities of between 250cc and 600cc) motorcycle...
Kia Motors to invest $2 billion to set up plant, build supplier base
Kia Motors plans to invest $2 billion (.Rs 12,750 crore) in India over the next two years to set up a manufacturing plant and develop a supplier base, a top executive said. The affiliate of South Korea’s Hyundai Motor...
Toyota to build $1.6 billion U.S. plant with rival Mazda – source
Toyota Motor Corp and rival Mazda Motor Corp are expected to announce plans on Friday to build a $1.6 billion U.S assembly plant as part of a new joint venture, a person briefed on the matter said. The plant will be...
Volkswagen sale of Ducati, Renk units lacks board support
Volkswagen’s planned sale of motorcycle brand Ducati and transmissions maker Renk has currently no majority backing on the carmaker’s supervisory board, with opponents to asset sales feeling invigorated by...
JLR to invest in Israel car startup Maniv Mobility
Tata Motors Ltd.’s Jaguar Land Rover is putting money into an Israeli venture capital fund exclusively targeting mobility startups, the latest in a parade of automakers shopping in the country for new technology to ward...
Bajaj Auto, KTM in race to acquire bike-maker Ducati
Bajaj AutoBSE -0.31 %, India’s largest two wheeler exporter is likely to partner Europe’s iconic motorcycle brand Ducati, encouraged by its existing partnership with KTM, Europe’s largest motorcycle...
Ashok Leyland and Sun Mobility in alliance to develop electric mobility solutions
Ashok Leyland on Tuesday said it has entered into a strategic alliance with Sun Mobility to develop electric mobility solutions. SUN Mobility plans to revolutionize the transportation sector by deploying a unique open...
AB Volvo to sell its stake in diesel engine maker Deutz
Swedish truck maker AB Volvo (VOLVb.ST) is selling its 25 percent stake in German specialty diesel engine maker Deutz AG (DEZG.DE), the book runner for the deal said on Thursday. The book building process starts on...
SAIC’s MG Motor signs pact to take over GM India’s Halol plant
General Motors’ Chinese joint venture partner SAIC Motor Corporation Ltd has firmed up plans for starting its India manufacturing plant at GM India’s Halol unit, where operations were shut down in April this...
