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...
General Motors sale of Opel to PSA could be completed by end July
Opel, the European arm of General Motors (GM.N), said its sale to France’s PSA Group (PEUP.PA) could be completed as early as July 31, pending regulatory approval from antitrust authorities. In March, when Peugeot...
Toyota Says It Sold Entire Stake in Tesla in 2016
Toyota Motor Corp. has sold its stakes in Californian electric carmaker Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said Saturday. The sale marks the end of collaboration between the two companies, for...
Chinese carmaker Geely to acquire Malaysia’s Proton: sources
Chinese automaker Geely [GEELY.UL] has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom (DRBM.KL), sources said on Tuesday, beating out rival bidder PSA Group (PEUP.PA). Zhejiang Geely Holding...
Ducati eyed by buyout, motorcycle firms as owner Volkswagen considers sale
Iconic Italian motorcycle brand Ducati is attracting interest from private equity firms and motorcycle makers as owner Volkswagen AG considers a sale, people familiar with the matter said. Buyout firms such as Permira...
Pininfarina inks deal with Iran Khodro for vehicle development
Mahindra Group’s automotive design firm Pininfarina on Wednesday inked a €70 million (Rs490 crore) deal with Iran’s first automaker Iran Khodro for vehicle development. Under the agreement, Pininfarina will develop a...
Government seeks to sell Scooters India stake, invites interest for advisers
The central government on Tuesday invited expressions of interest from consulting houses and legal firms to act as advisers to sell Scooters India Ltd, in which it has 93.74% stake, through the strategic disinvestment...
