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...
General Motors to acquire Indian operations
Beleaguered General Motors today said it will acquire its strongest operations, including the Indian business, once the company steers itself out of bankruptcy. General Motors, which went bankrupt on June 1, has...
M&M, Caterpillar in engine JV talks
Automobile and farm equipment major Mahindra & Mahindra (M&M) is in advanced stages of talks with US-based construction equipment maker Caterpillar for a 51:49 joint venture, which will make engines for the US...
UK govt-JLR talks back on track
The British government has said that it is in discussions with the Tata Group-owned luxury carmaker Jaguar Land Rover (JLR) on guaranteeing loans. While making it clear that the primary financial responsibility of the...
Fiat steps up efforts to acquire stake in Opel: Reports
Italian car maker Fiat SpA, which is in the process of acquiring the US automaker Chrysler, has intensified its efforts to acquire a majority stake in General Motor’s German unit Opel, a move which may lead to...
Vectra Group forms joint venture with Kamaz
The joint venture between the Vectra Group and the Russian truck maker Kamaz Inc expects to get a 10 per cent share of the heavy duty truck market in India and plans to export at least 20 per cent of its production to...
