Royal Enfield is planning to buy Italian motorcycle brand Ducati, owned by German auto conglomerate Volkswagen, according to reports. However, the company has denied any such move, which may call for huge investment. It...
VW eyes possible sale of motorbike brand Ducati – sources
Volkswagen (VOWG_p.DE) is considering a possible sale of Italian motorcycle maker Ducati as Europe’s largest carmaker streamlines operations to help fund a strategic overhaul following its emissions scandal, two...
Kia Motors plans deal today to invest $1.1 billion to build first Indian factory
South Korean carmaker Kia Motors Corp. said it plans to sign a deal on Thursday to invest about $1.1 billion to build its first factory in India, aiming to tap a fast-growing market at a time when its China sales are...
Cavendish Industries gets a turnaround after takeover by JK Tyre
The Singhanias promoted JK TyreBSE -0.88 % & Industries, which acquired Cavendish Industries from BK Birla Group company Kesoram Industries a year ago, said they have managed to turn the unit around, reduced...
Mahindra partners with Zoomcar to boost electric car sales
India’s only electric carmaker Mahindra Electric is looking to boost sales of its e2oPlus hatchback by partnering with self-drive car rental service Zoomcar to lower the cost of ownership for consumers...
Architect of modern VW cuts ties with share sale
Former Volkswagen (VOWG_p.DE) Chairman Ferdinand Piech has agreed to sell a major part of his stake in the firm that controls Europe’s biggest carmaker, reducing his links with Volkswagen after more than two...
Tata Motors forms JV with Jayem Automotives for performance vehicles
Tata Motors Ltd Friday announced a joint venture with Jayem Automotives Pvt. Ltd, a company that designs and prototypes performance variants of automobiles. The joint venture called JT Special Vehicles Pvt. Ltd will...
Tencent buys 5% stake in Elon Musk-led Tesla for $1.8 billion
Chinese Internet giant Tencent Holdings Ltd purchased a 5% stake in Tesla Inc. as the electric-car maker run by Elon Musk races to bring its critical Model 3 sedan to market later this year. Shenzhen-based Tencent paid...
VW clan aims for quick deal over Ferdinand Piech’s shares: source
The Porsche and Piech families are looking to strike a swift deal to buy shares in Porsche SE (PSHG_p.DE) from Volkswagen’s (VOWG_p.DE) former chairman Ferdinand Piech, a person familiar with the matter said on...
Peugeot family says Opel deal paves way for global expansion: paper
PSA Group’s (PEUP.PA) acquisition of General Motors (GM.N) division Opel gives the French carmaker greater scale to pursue global expansion plans, family shareholder Jean-Philippe Peugeot told German paper Welt am...
VE Commercial Vehicles divests entire stake in Eicher Engineering Solutions to Segula for $1.85 mn
VE Commercial Vehicles, the 50:50 joint venture between Gurgaon-based Eicher MotorsBSE 0.46 % and the Volvo Group, on Saturday said it has divested its entire stake in Eicher Engineering Solutions USA to Spanish...
Tesla raises $1.2 billion, 20 percent more than planned
Tesla Inc said on Friday it had raised about $1.2 billion, roughly 20 percent more than it had planned, by selling common shares and convertible debt, ahead of the launch of the crucial Model 3 sedan. The company, led...
