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...
Royal Enfield may acquire Ducati, say reports but co denies move
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...
