Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla Inc. is banking on to reach the mainstream consumer. A capital raise would provide more cushion to the...
Tata Motors, Volkswagen partnership talks in advanced stage; deal may have huge impact on India, EMs
Tata MotorsBSE 1.15 %, India’s largest automobile company by revenue, and Volkswagen Group, Europe’s largest car maker by volume, are said to be at an advanced stage of finalising a partnership that can have a wide...
China’s Geely to bid for Malaysian car maker Proton – sources
Chinese automaker Zhejiang Geely Holding Group Co is expected to bid as early as this week for a strategic partnership with struggling Malaysian car maker Proton Holdings Bhd, two people familiar with the bidding...
Polaris reviews its JV with Eicher, may look at local assembly for ATVs and Indian motorcycles
US-based all-terrain vehicle specialist PolarisBSE 1.95 %, which entered into a joint venture with Eicher MotorsBSE -0.96 % for a personal vehicle Multix, is relooking at its India strategy with the venture failing to...
Peugeot owner PSA explores acquisition of General Motors’s European division
PSA Group, the maker of Peugeot and Citroen cars, is exploring an acquisition of General Motors Co.’s European business in a deal that would transform the region’s automotive landscape. The French carmaker is in talks...
Ford to invest $1 billion in artificial intelligence start-up
One of the oldest automakers in the United States is making a billion-dollar bet that one day, owning a car may not be a necessity of American life. Ford announced on Friday its plans to invest $1 billion over the next...
Hindustan Motors sells iconic Ambassador car brand to Peugeot
Ambassador, the iconic Indian car brand that till less than a decade ago carried both the Prime Minister and the common man, is being sold to French carmaker Peugeot. The C K Birla Group-owned Hindustan MotorsBSE 10.73...
Honda, Hitachi Automotive to form EV motor joint venture
Honda Motor Co Ltd and Hitachi Ltd’s auto parts subsidiary plan to form a joint venture to develop, produce and sell motors for electric vehicles (EV), joining forces to better compete in the highly specialized...
India to be part of Toyota-Suzuki Motor business partnership
India will play an important part in the business partnership announced on Monday by Toyota Motor Corporation and Suzuki Motor, a senior Toyota Kirloskar executive said. Toyota Motor Corporation and Suzuki Motor...
In a joint venture, Ashok Leyland opens new assembling facility in Dhaka
Ashok Leyland on Thursday announced the opening of its new assembly plant in Bangladesh capital Dhaka. Built over a period of 15 months, the plant is spread over an area of 37 acres. The project is a collaboration...
Suman Munjal’s Rockman Industries buys stake in Moldex Composites
Suman Kant Munjal, a reclusive member of the family that controls Delhi-based Hero Group, is seeking to create an identity independent of it. Munjal’s company Rockman Industries Ltd, a large supplier of parts to India’s...
Toyota to invest $10 billion in US over five years
Toyota Motor Corp will invest $10 billion in the United States (US) over the next five years, the same as in the previous five years, North America Chief Executive Jim Lentz said on Monday, to meet demand and upgrade...
