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...
VW-Tata alliance likely to be called off
The alliance between Tata Motors and Volkswagen (VW) group is likely to be called off. The companies had signed a memorandum of understanding in March to develop a common platform to manufacture bespoke products. It was...
Ashok Leyland to consolidate CV business; new launches on anvil
Hinduja group flagship Ashok LeylandBSE 0.65 % is looking at expansion of its commercial vehicle business with plans to introduce a slew of products. The company, however, said that commercial vehicle makers are under...
Harley-Davidson said to be eyeing Ducati acquisition
US motorcycle maker Harley-Davidson Inc. is lining up a takeover bid for Italian rival Ducati, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to €1.5 billion...
Hyundai Motor executive says no plan to buy other automakers, will beef up tech cooperation
Hyundai Motor Co (005380.KS) Vice Chairman Chung Eui-Sun said on Tuesday the South Korean firm has no plan to buy other automakers, although it will beef up cooperation with other technology firms. His comments were...
LG Chem denies media report of a $6.2 billion Volkswagen battery deal
South Korean battery maker LG Chem Ltd (051910.KS) denied on Tuesday a media report that it has signed a 7 trillion won ($6.20 billion) deal to supply electric vehicle batteries for Volkswagen AG (VOWG_p.DE). The DongA...
Tata’s JLR invests in Uber rival Lyft for driverless cars
Tata Motors-owned British luxury automobile maker Jaguar Land Rover (JLR) has invested $25 million (mn) in Lyft, a US ride-hailing company. The idea is a partnership to include the development and testing of autonomous...
