Tata Sons bought five crore shares of Tata MotorsBSE 0.56 % through a bulk deal worth Rs2430 crore on Tuesday ahead of the automaker’s shareholders’ meet on December 22 to consider the removal of Cyrus...
After Mahindra, Tata Motors may invest in load aggregator start-up
Tata Motors, India’s biggest commercial vehicle manufacturer, is keen to enter the load aggregator space after the sector saw its first corporate action a year ago with the entry of Mahindra & Mahindra, the...
Ashok Leyland acquires Nissan’s stake in 3 JVs
NEW DELHI: The Hinduja Group’s flagship firm Ashok LeylandBSE 1.56 % said on Friday that it has completed the acquisition of Nissan Motor Co.’s stake in three joint-ventures between the two companies — Ashok...
KKR to buy Nissan-backed supplier Calsonic for up to $4.5 billion
U.S. buyout firm KKR & Co (KKR.N) is buying Nissan Motor-backed auto parts maker Calsonic Kansei Corp (7248.T) for up to 498.3 billion yen ($4.5 billion) in its biggest deal in Japan, seizing on a rare chance there...
Honda Cars ties up with banks to limit demonetisation impact
NEW DELHI: In order to limit the adverse impact of demonetisation on car sales, Honda Cars India has tied up with HDFC, Axis, and ICICI Bank to provide up to 100 percent loan facility to its prospective customers. The...
KMW-Nexter plans to buy Volvo’s Governmental Sales unit – Die Welt
Franco-German armored vehicles maker KMW-Nexter is planning to buy the Governmental Sales division of Swedish truck maker Volvo (VOLVb.ST), German daily Die Welt reported, not citing where it obtained the information...
AXA arm seen buying 51% in AMW Motors
The Chinese arm of French insurance player AXA has evinced interest in buying a 51% stake in heavy commercial vehicles manufacturer AMW Motors, three senior bankers told FE, adding that they are in advanced stages of...
Audi, SAIC Motor sign deal to weigh jointly making Audi cars in China: source
Audi AG (NSUG.DE) and China’s SAIC Motor Corp (600104.SS) have signed an agreement that will likely pave the way for the German luxury car maker to produce cars in China with SAIC, a person familiar with the matter told...
Tesla buys Germany’s Grohmann Engineering to help ramp up electric car production
Electric carmaker Tesla Motors Inc (TSLA.O) has agreed to buy Germany’s Grohmann Engineering GmbH, which develops automated manufacturing systems for batteries and fuel cells, as the California-based company seeks...
American Axle’s $1.6 billion Metaldyne buy to help grow beyond GM
American Axle & Manufacturing Holdings Inc (AXL.N) has agreed to buy Metaldyne Performance Group Inc (MPG.N) for about $1.6 billion, the companies said on Thursday, in a cash-and-stock deal that would lower the U.S...
CCI clears Ashok Leyland’s deal to buy Nissan stake in three JVs
NEW DELHI: Leading vehicles maker Ashok Leyland has received fair trade regulator CCI’s approval to buy out its Japanese partner Nissan Motors’ stake in three joint ventures. It was announced in September...
Japan’s Nissan to sell parts maker Calsonic Kansei to KKR – Nikkei
Nissan Motor Co has decided to sell its entire stake in Japanese auto parts maker Calsonic Kansei Corp to U.S. private equity firm KKR &Co as part of a $3.8 billion takeover, the Nikkei daily reported, without...
