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...
Porsche family feud draws to a close as Ferdinand Piech looks to sell stake
Ferdinand Piech and Wolfgang Porsche could hardly be more different. Piech is a wiry and driven engineer who has dedicated his life to automobiles. The soft-spoken Porsche, by contrast, seems more comfortable stalking...
FCA CEO: ‘zero interest’ in pursuing merger talks with VW CEO
The top executive of automaker Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) said on Wednesday that he has “zero interest in pursuing” merger talks with his counterpart at Volkswagen AG (VOWG_p.DE)...
Volkswagen CEO says not ruling out merger talks with Fiat Chrysler
Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler (FCHA.MI) boss Sergio Marchionne, in a marked change of tone by the German carmaker toward...
Restructuring: Tata Motors rolls out VRS, moves to a flat five-level hierarchy
Tata Motors, India’s largest automobile maker, has started rolling out a voluntary retirement scheme (VRS) for its employees as part of its organisational restructuring exercise. This is part of a human resources (HR)...
Tata Motors, Volkswagen buckle up for a joint ride
Tata Motors, the country’s largest automobile maker by revenue, will partner the world’s biggest maker in the sector, Volkswagen, and the latter’s group company, Škoda, to jointly develop vehicles, targeted at emerging...
Tata Motor’s deal with VW could be a technical pact or a JV: Guenter Butschek
Tata Motors managing director Guenter Butschek has flagged off a massive transformation drive at the company. In an interview to ET on the sidelines of the Geneva International Motor Show, Butschek explains the logic...
