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...
Tata Motors, Volkswagen end alliance plans for joint development of cars
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...
