Anhui Jianghuai Automobile Co Ltd * Says it signs MOU to form joint venture with Volkswagen AG Source text in Chinese: bit.ly/2crNQey Further company coverage: (Reporting by Hong Kong newsroom). Recent Articles...
Nissan to sell stake in JVs to Ashok Leyland
NEW DELHI: Japanese auto major Nissan Motor Company today agreed to sell all its shares in the three joint venture companies it had formed with Ashok LeylandBSE -0.34 % to the Indian company. “Under the agreement...
Knorr-Bremse says its takeover offer for Haldex is friendly
German automotive supplier, Knorr-Bremse’s offer for Sweden’s brake specialist Haldex is friendly, even if it rivals an existing bid by ZF, Knorr-Bremse Chief Executive Klaus Deller said on Monday...
Nissan in talks with Panasonic, others to sell battery operations: sources
Nissan Motor Co (7201.T) is in talks with Panasonic Corp (6752.T) and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two...
Haldex board recommends ZF takeover offer, rejects SAF-Holland bid
Swedish brake systems group Haldex said on Thursday its board of directors has recommended shareholders approve a 4.4 billion crown ($515 million) cash offer by Germany’s ZF and reject a separate takeover bid by...
Samsung Said in Talks to Buy Assets of Fiat Auto-Parts Unit
Samsung Electronics Co. is in advanced talks to buy some or all of the operations of auto-parts maker Magneti Marelli from Fiat Chrysler Automobiles NV, according to people familiar with the matter. Samsung is...
HopCar Merges with Spinny for Better Automobile Industry
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...
