Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real...
Fiat Chrysler revs up as Peugeot points to merger potential
Fiat Chrysler shares jumped on Tuesday to the top of Europe’s STOXX 600 after the president of Peugeot family holding company FFP told French daily Les Echos he would support a new deal and suggested Fiat Chrysler was...
India’s Tata Motors denies reports of JLR unit stake sale
India’s Tata Motors Ltd on Friday denied media reports that it was exploring options for its ailing luxury car unit Jaguar Land Rover Automotive Plc. Two media reports said the company was considering options including...
Tata Sons increases stake in Tata Motors to restore investor faith
Tata Sons has bought 11.8 million shares of Tata Motors in tranches from last Monday to Friday, according to block deal data. The transaction — the second one in less than a year — is seen as an effort to restore...
BlackBerry adds autonomous cars muscle with $1.4 billion Cylance buy
Canada’s BlackBerry Ltd on Friday raised its bets on the fast-growing areas of autonomous cars and artificial intelligence (AI) with the $1.4 billion purchase of California-based cybersecurity company Cylance. The...
Jet stake sale: Naresh Goyal, Tata’s senior representatives meet in London
Jet Airways Chairman Naresh Goyal (pictured) met senior representatives of the Tata group in London last week in an effort to find an investor in his cash-strapped airline. The Jet Airways team was led by Naresh Goyal...
Tata Sons shores up stake in Tata Motors to 34.2% as UK biz faces headwinds
Tata Sons has increased its stake in Tata Motors at a time when its market capitalisation is eroding and valuations dipping amid uncertainties facing Jaguar Land Rover (JLR), its UK subsidiary. At the end of the quarter...
Honda to invest $2.75 billion in GM’s self-driving car unit
Honda Motor Co Ltd (7267.T) will invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s (GM.N) Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services...
Tata Motors restarts talks to sell engineering unit stake
Tata MotorsNSE 0.36 % Ltd., the owner of Jaguar Land Rover, has restarted talks on the sale of a stake in its engineering unit just months after a deal with Warburg Pincus was called off, people with knowledge of the...
Agag makes 600 million euro bid for Formula E
Formula E founder and chief executive Alejandro Agag has made a 600 million euro ($716.34 million) bid to take full ownership of the company, the all-electric series said on Friday. A Formula E spokesman confirmed the...
Volkswagen remains open to partnerships in India for budget cars
Volkswagen AG signaled it remains open for a tie-up with another automaker in India, including Tata Motors Ltd., as the German manufacturer works on a strategy to bring affordable cars to millions of cost-conscious...
Warburg set to exit Avtec, sell 30% stake to CK Birla Group
US-based private equity (PE) firm Warburg Pincus is set to exit its investment Avtec Ltd, with Avtec’s promoter—the CK Birla group—offering to buyout the PE investor’s stake. Avtec is part of the CK Birla group, a...