Spinny, a Delhi based startup in the used car industry, has recently completed the merger of HopCar.in, another startup in the same industry. The merger will allow Spinny to strengthen its consumer products as well as...
Japanese tractor maker Yanmar seeks to up stake in ITL to 20%
NEW DELHI: Japanese tractor maker Yanmar is in talks with International Tractor Limited, to raise its stake in the third largest tractor maker in India. Yanmar owns 12.5% stake in International Tractor and has expressed...
Delhi Based Used Car Marketplace Hopcar Merges With Spinny
New Delhi-based online used car marketplaces, Hopcar, has announced merger with Gurgaon-based Spinny. Post merger, the two companies will work under a common brand name Spinny. The four co-founders of Hopcar viz. Arijit...
Autonation to acquire Chrysler Jeep store in Denver, Colorado
Autonation Inc
* Autonation to acquire chrysler jeep store in denver, colorado Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)
Toyota in talks to buy robotics divisions from Alphabet: Nikkei
Toyota Motor Corp is in talks to buy two robotics divisions from Google parent Alphabet Inc, the Nikkei reported on Wednesday. The Japanese automaker is discussing an acquisition of Alphabet’s Boston Dynamics...
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
NEW DELHI: Online marketplace for used automobiles and auto services Droom has closed a Rs 200 crore funding round, a transaction that comes at a time when mid-to-late stage funding in India continues to be under severe...
Swedish co Koenigsegg to buy GM’s Saab by year-end
Koenigsegg Automotive, the Swedish maker of $1.2-million sports cars, agreed to buy Saab Automobile from General Motors by the end of the year, potentially moving the company into the automotive mass market. Completion...
Tata Motors may buy out Thonburi’s stake in Thai JV
The country’s largest auto maker, Tata Motors, may buy the entire stake of its partner Thonburi Automotive in the Thailand venture in case the overseas entity is unable to raise fresh equity. In its annual report...
Volkswagen, Porsche seal merger deal: companies
Volkswagen, Europe’s biggest carmaker, and luxury auto manufacturer Porsche said they had approved a plan to merge by 2011 and create an automotive giant. Volkswagen chief executive Martin Winterkorn becomes head...
Volkswagen, Porsche seal merger deal: companies
Volkswagen, Europe’s biggest carmaker, and luxury auto manufacturer Porsche said they had approved a plan to merge by 2011 and create an automotive giant. Volkswagen chief executive Martin Winterkorn becomes head...
Bajaj Auto to raise stake in Austria’s KTM
The equity holding of Bajaj Auto, India’s premium bike manufacturer, in Austria’s power bike company KTM Power Sport AG will be scaled up in the coming years to leverage on the foreign company’s...
Ashok Leyland, John Deere complete pact for venture
Ashok Leyland, the flagship of the Hinduja Group, and John Deere Construction & Forestry Company today announced the completion of all legal formalities for the formation of the joint venture company – Ashok...
