Daimler (DAIGn.DE) has no plans to raise its minority stake in loss-making luxury carmaker Aston Martin, the German company’s Chief Executive Dieter Zetsche said on Tuesday. “We had all opportunities to...
In talks with Volkswagen for partnership: Tata Motors
Tata MotorsBSE -1.12 % today said it is in talks with the world’s largest automaker Volkswagen for a possible partnership. The company is exploring various opportunities, including partnership in its new advanced...
VW CEO sees no immediate trouble from PSA-Opel deal
PSA Group’s (PEUP.PA) purchase of General Motors’ (GM.N) Opel division will cause no immediate problems for Volkswagen’s (VOWG_p.DE) core autos division, which is undergoing major restructuring, VW...
PSA agrees to buy Opel from GM, wins board approval – sources
France’s PSA Group (PEUP.PA) struck a deal with General Motors (GM.N) to buy the U.S. carmaker’s loss-making Opel division, two sources with knowledge of the matter told Reuters. The board of PSA, which...
GM plans to sell stake in East African unit to Isuzu
General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu Motors Ltd, as the U.S. carmaker continues to streamline by exiting non-core...
GM CEO ‘exploring opportunities’ for Opel with Peugeot
General Motors (GM.N) Chief Executive Mary Barra said on Tuesday the Detroit automaker is exploring opportunities with French automaker PSA Group (PEUP.PA), but declined to discuss a potential sale of its money-losing...
Tesla capital raise seen near as Musk burns through cash
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...
