Okinawa sets up first experience centre in Dehradun

Okinawa Autotech, a leading electric two-wheeler manufacturer has launched its first ever Experience Centre, Galaxy in Dehradun - the capital of Uttarakhand. At Okinawa Galaxy, customers can experience the products ...

MG Motor India, Clean Max partner for wind solar hybrid energy

MG Motor India has partnered with Clean Max Enviro Energy Solutions Pvt Ltd (Clean Max), Asia’s most trusted sustainability partner, for the supply of 4.85 MW of wind-solar hybrid power to MG’s manufacturing facilit...

Royal Enfield Thailand CKD unit commences operations

Royal Enfield announced commencement of operations of its exclusive local assembly unit and CKD facility in Thailand, one of the world’s largest automobile manufacturing hubs. Set up in partnership with GPX, this an...

Honda 2Wheelers India breaches 50 million domestic unit sales milestone

Honda Motorcycle & Scooter India announced the accomplishment of 5 crore (50 million) cumulative two-wheeler domestic sales in the country since start of its sales operations in 2001.

Ford to cease manufacturing vehicles in India: shuts down plants

Ford India has announced that it will cease manufacturing vehicles for sale in India immediately. The manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engi...

At 15,56,777 units, auto sales increase by 34pc in July 2021: FADA

According to the latest retail data provided by the Federation of Automobile Dealers Associations (FADA), total vehicle retails for the month of July 2021 have increased by 34.12% on year on year basis. When compare...

Bajaj Auto to gain post simplified equity structure in Pierer Mobility

Bajaj Auto’s clout in the global motorcycle market, both in the conventional IC engine space as well as the electric two wheeler space, will increase considerably once the proposed simplified equity structure in the...

INTERVIEW WITH UDAY NARANG Chairman, Anglian Omega Group & Omega Seiki Mobility

In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility talks about his company plans to enter the two and four wheeler electric vehicle space.

From Willys military Jeep to electric tech, 80 years of Jeep brand

On July 15, 1941, the former Willys-Overland Co. signed a contract with the U.S. War Department to begin production of the first military Jeep vehicle. Eighty years later, the Jeep brand thrives around the world wit...

First 100 BYD Tang SUVs set sail for Norway

BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, and one of the first to produce one million electric passenger cars globally, has shipped the first 100 European-specification BYD Tang SUVs for custom...

First unit of all-new Skoda Kushaq rolls off production line at Pune plant

Skoda Auto India has started production of the Kushaq at the Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) plant in Chakan, Pune. Customer deliveries are planned to begin in July 2021. The Skoda Kushaq comes with TS...

BorgWarner earns first global eTurbo business from major European OEM

BorgWarner has entered into a global agreement to supply its advanced eTurbo to a major European OEM for use in a high-voltage hybrid passenger car. BorgWarner's advanced electric boosting technology provides signif...

Indian auto industry covid-19 relief: Part 4

Nitin Gadkari, Minister of Road Transport & Highways, Micro, Small & Medium Enterprises, Government of India recently requested Rajeev Chaba, President and Managing Director, MG Motor India and Paytm Founder & CEO V...

TVS Motor Company appoints new leadership team at Norton Motorcycle

TVS Motor Company (TVS), owner of Norton Motorcycle Co Ltd (Norton) has announced the appointment of Dr Robert Hentschel as Chief Executive Officer (CEO) and Vittorio Urciuoli as Chief Technical Officer (CTO) of the...

Ola EV is new, fully electric vehicle only category, available across London

Ola, one of the world’s leading mobility companies, announced that it is launching a new electric vehicle category on its ride hailing platform, which will allow riders to specifically book rides in a fully electric...

ACMA Automechanika show gets virtual with no physical meeting

Marking the launch of ACMA Automechanika's virtual edition, Messe Frankfurt India along with ACMA (Automotive Component Manufacturers Association of India) will welcome aftermarket players on its online networking a...

New Nissan Chairperson for Africa, Middle East, India, Europe & Oceania region

Nissan Motor Co. has announced Guillaume Cartier as its new Chairperson for the Africa, Middle East, India, Europe and Oceania (AMIEO) region. Effective April 1, 2021, Cartier will lead all Nissan operations in the...

Countdown begins for ACMA Automechanika show in New Delhi- AUTO COMPONENTS

Gearing up for the new edition of the trade fair in New Delhi, organisers of ACMA Automechanika – Messe Frankfurt India and the Automotive Component Manufacturers Association (ACMA) shared their insights on the need...

Jyoti Malhotra appointed as Managing Director Volvo Car India

Volvo Cars India has announced that Jyoti Malhotra has been appointed as Managing Director of the company. Forty nine year old Jyoti Malhotra will be the first Indian to head Volov Cars in India. Jyoti, currently se...

Maruti Suzuki begins production and export of Jimny SUV from India

Maruti Suzuki India has commenced export of Suzuki’s celebrated compact off-roader Jimny from India. The first shipment of 184 units left from Mundra port to Latin American countries such as Columbia and Peru. The i...

Stellantis begins its journey with new Board of Directors AUTO INDUSTRY NEWS

Finally and formally two major car companies of the world, Peugeot S.A. (Groupe PSA) of France and Fiat Chrysler Automobiles N.V (FCA) of Italy, have merged and a new entity has emerged, Stellantis. The word Stellan...

Earth Energy EV to launch six new electric scooters and commercial vehicles

Earth Energy EV, an automotive startup has announced its plans to launch six new commercial and non-commercial vehicles commercially in the market this year. The company plans to introduce electric vehicles with 96%...

 Kia unveils new corporate logo and global brand slogan

Kia has revealed its new corporate logo and global brand slogan that signify the automaker’s bold transformation and all-new brand purpose. The introduction of the new logo represents Kia’s ambitions to establish a ...

Ather Energy adds 16 new markets in country in phase 2 expansion

As part of phase 2 of expansion, Ather Energy, India’s first intelligent electric scooter manufacturer, announced the launch of the Ather 450X in 16 additional cities

Harley riders support cause of H-D dealers over closure in India

Harley Owners Group (HOG) conducted nation-wide dark rides and rallies to support the cause of several Harley Davidson dealers who they feel have been hit hard because of the US company’s decision to close shop here...

Harley- Davidson begins new journey in India with Hero MotoCorp

A month after US motorcycle major Harley-Davidson announced its decision to shut its manufacturing unit in India, comes the news that Harley-Davidson and India’s leading motorcycle and scooter manufacturer Hero Moto...

Honda 2Wheelers begins exports of SP125 motorcycle in CKD form

Honda Motorcycle and Scooter India Pvt. Ltd. (HMSI) announced the exports of its next generation 125cc, the SP125 to Europe. The motorcycle is exported via the CKD route. Consignments carrying over 2000 CKD kits of ...

Toyota, Honda to test mobile power generation / output system

Toyota Motor Corporation (Toyota) and Honda R&D Co., Ltd. (Honda) will create a mobile power generation/output system, Moving e

BorgWarner begins supply of EGR modules for FCA mild hybrids

BorgWarner’s exhaust gas recirculation (EGR) module which includes cooler and valve will be the company’s first gasoline EGR module to be used on mild-hybrid engine technology for Fiat Chrysler Automobiles (FCA) in ...

Tata Motors, Bridgestone, Hyundai, Okinawa, Nissan, JK Tyre reopen plants

In this latest round of resumption of plant operations and other activities, Indian auto companies in the news include Tata Motors, Honda Cars India, Bridgestone India, Toyota Kirloskar Motor, Hero MotoCorp, Hyundai...

BMW, Mercedes-Benz, TVS, Royal Enfield, VECV, others resume production

Indian auto companies that were forced to shut their plants in the wake of the lockdown that followed the precautions against covid-19 pandemic have now started their local production at their respective plants acro...

Toyota Kirloskar sells 8022 units in March 2020

Having successfully liquidated all its BS4 stocks even at the dealership level, TKM sold a total of 7023 units of BS6 vehicles to its dealers (wholesales) in the month of March 2020. To lessen the burden on its deal...

M&M, Maruti Suzuki, Krishna Maruti, Bharat Seats gear up to make ventilators, masks

Unmindful of the huge losses that the auto industry is incurring because plant shutdowns as a result of the country-wide lockdown in the midst of coronavirus or covid-19 fears, several auto companies and auto compon...

Indian auto industry stares at Rs 48,300 crore loss for 21 days closure of plants

The auto industry will be very adversely impacted by the ongoing COVID-19 crisis. The shutting down of plants temporarily by all auto OEMs and component manufacturers across the country will trigger a loss of more t...

Honda 2Wheelers India cumulative exports cross the 25 lakh units

Honda Motorcycle & Scooter India (HMSI) (Honda 2Wheelers India) has recorded cumulative exports of over 25 lakh units in its 19th year of operations. Honda 2Wheelers India started exports from India in 2001 with its...

Auto Expo- The Motor Show 2020 begins Feb 7-11, 2020

Auto Expo, the biggest extravaganza and much-awaited event, a true representation of India’s automotive industry, is slated to kick-start the excitement of Auto Expo – The Motor Show2020 from February 7 to 11, 2020 ...

ACMA signs MoU with BFZ to promote vocational training, address skill-gap

Automotive Component Manufacturers Association of India (ACMA), the apex body representing India’s Auto Component manufacturing industry, signed a Memorandum of Understanding (MOU) with BFZ, the Training and Develop...

Mercedes-Benz Lab1886 supports Rolls-Royce Power Systems

Lab1886, the innovation unit for business models within Mercedes-Benz AG, is now supporting drive and energy system provider Rolls-Royce Power Systems AG in a pilot project in the field of stationary energy supply s...

NuGen Mobility Summit-2019 begins at Manesar on Nov 27

More than 200 automobile as well as auto components companies will display their products, while there would be live test demonstrations, training sessions, panel discussion and test track demonstrations of vehicles...

Selfies, discussions for German Chancellor Dr. Angela Merkel at Continental office

It was not merely a selfie time with German Federal Chancellor Dr. Angela Merkel at Continental’s India facility in Gurugram. While the Chancellor did meet the staff of the company and take time out for some picture...

Ford hands over control to Mahindra in India through new joint venture

Ford India will be transferring its Indian operations, including its personnel and assembly plants in Chennai in Tamil Nadu and Sanand in Gujarat, as well as the Global Business Services unit, Ford Credit and Ford S...

Hyundai Motor Group develops centre side airbag

One wonders why no one thought about this all this while. Yes, Hyundai Motor Group has developed a new centre side airbag, further enhancing the safety of its vehicles. The airbag works to separate the space between...

KSL Cleantech Limited, Huaihai Holding Group JV for electric vehicle business

KSL Cleantech Limited (formerly known as Kirti Solar Limted) has entered into a Joint Venture (JV) with the China’s Huaihai Holding Group, one of the largest companies in the field of electric mini vehicles.

Auto industry hails GST reduction on electric vehicles

Society of Indian Automobile Manufacturers (SIAM) welcomed the government’s decision to reduce the GST rate on electric vehicles from the present 12% to 5%.

Hyundai Motor Group unveils world’s first CVVD engine technology

Hyundai Motor Group has developed the world’s first Continuously Variable Valve Duration (CVVD) technology to feature in future Hyundai and Kia vehicles. The innovation was revealed at Hyundai Motor studio Goyang al...

MG partners with Fortum to set up 50 KW DC fast-charging EV stations ahead of EZS launch

As part of its commitment towards sustainable mobility, MG Motor India and Fortum Charge & Drive India have undertaken the first step towards creating DC Fast Charging infrastructure (50 KW) in the country.

Airless wheel technology from Michelin, General Motors

Michelin and General Motors have presented a new generation of airless wheel technology for passenger vehicles — the Michelin Uptis Prototype (or “Unique Puncture proof Tire System”) — at the Movin’On Summit for sus...

MG Motor India commences commercial production of Hector from Gujarat

MG (Morris Garages) Motor India, part of the mammoth China based SAIC Group, rolled out the first production version of Hector from its state-of-the-art facility at Halol in Gujarat. Hector, MG’s first car in India,...

Honda Cars India commences production of all-new 10th generation Honda Civic

Honda Cars India Ltd. (HCIL) has commenced the production of the all-new 10th generation Honda Civic. The car is being manufactured at HCIL’s Greater Noida plant.

Harley-Davidson celebrates 10 year anniversary in India

Harley-Davidson is celebrating 10 years in India. It was 10 years ago that the brand established a subsidiary in India, enabling thousands of Indian riders to fulfil their dreams of personal freedom.

Experts call for policy support to promote auto LPG use

At the Asia LPG Summit held in New Delhi, representatives from the industry discussed possibilities for the use of liquified natural gas (LPG) not only as a cooking fuel but also one that fuels automobiles. Several ...

Roy Kurian leaves Yamaha Motor India to make a career change

Roy Kurian Sr. Vice President Sales & Marketing has resigned from Yamaha Motor India Sales Pvt. Ltd. with immediate effect. Roy Kurian has decided to pursue opportunities outside of Yamaha Motor India Sales Pvt. Ltd...

Panasonic showcases innovative technologies at CES

Technology major Panasonic showcased several innovative technologies that support a wide range of mobility and mobility services, including the conceptual model, "SPACe_C" (for Sharing Panasonic Autonomous Connected...

Hyundai Mobis lights path to avoid accidents involving autonomous vehicles

Hyundai Mobis showcased the latest Communication Lighting concept at CES 2019. Communication Lighting uses an "Indicating Lighting Zone" to indicate when an autonomous vehicle is operating in self-driving mode

Hero Electric unveils the third chapter of Super Sikh Run

Hero Electric, manufacturers of electric two- wheelers, unveiled the third chapter of Super Sikh Run in an event at the capital. Over the years Super Sikh Run has successfully managed to carry out Half Marathons whi...

It’s official now, Carlos Ghosn discharged from Nissan Chairman post

It is official now. Nissan’s legendary Chairman Carlos Ghosn has been shown the door by the management of Nissan Motor Company in Japan. The decision to discharge Ghosn of his post as Chairman of Nissan was taken by...

Continental enhances driver safety by eliminating forward blind spots

Technology company Continental has developed a Virtual A-Pillar to help remove forward blind spots – making wide A-pillars virtually see-through. The front support pillars, often referred to as A-pillars, anchor the...

 BorgWarner new VCT production line in Kakkalur,South India

BorgWarner, a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles, celebrated the opening of its expanded facility in Kakkalur, India.

Hyundai Motor India Plant is ready for new Santro, EV vehicles

Hyundai Motor India plant in Sriperumbudur in Tamil Nadu is bustling with frenzied activity. They are getting ready to manufacture the new Santro family car. The new Santro would soon be launched in the country. Cod...

Harley-Davidson succumbs to Indian curry, plans 250-500cc bikes for India

Iconic motorcycle manufacturer of the US and a favourite company of US President Donald Trump is beginning to appreciate the flavour of Indian curry. It has just announced its own recipe for the Indian palate wherei...

Isuzu Motors India rolls out 10,000th vehicle from SriCity plant

Isuzu Motors India rolled out the 10,000th vehicle from its factory located in SriCity, Andhra Pradesh. The company rolled-out an Isuzu D-Max V-Cross from its assembly line marking the milestone and commitment to th...

Volkswagen Group led by Skoda Auto to invest Rs 7900 crore in India 2.0 project

Global car major Volkswagen will be investing Euros 1 billion (Rs 7900 crore) in India for its India 2.0 project which was announced by the group recently. This money will be used to develop new Skoda models based o...

Kia Motors India inaugurates 5 acre training centre at Anantpur Plant

Kia Motors India (KMI) has inaugurated a 5 acre training facility at its upcoming Anantpur plant. The company also introduced a Basic Technical Course (BTC) in Automobiles for skill development. This unique course i...

Audi and Hyundai plan to develop fuel cell technology

Audi AG and Hyundai Motor Group are driving the development of fuel cell technology. The two companies plan to cross-license patents and grant access to non-competitive components. The agreement is currently subject...

Kia Motors India begins search for Indian auto component suppliers

The senior management of Kia Motors India interacted and engaged with over 200 automobile suppliers from across the country as a part of their search for component supply partners. Kia Motors had organised an event ...

Production commences for all-new 2nd Generation Honda Amaze

Honda Cars India Ltd. (HCIL) has commenced the production of its much awaited all-new 2nd Generation Honda Amaze. The car is being manufactured at HCIL’s Tapukara plant in India’s northern state of Rajasthan. India,...

Interview with Pradeep David,  General Manager, Universal Robots – South Asia. Universal Robots

Interview with Pradeep David, General Manager, Universal Robots – South Asia. Universal Robots

Continental technology for early risk detection of aquaplaning situations

Dry, icy, snowy, or wet: awareness of road conditions is a crucial safety factor as accidents in severe weather arise mainly due to significant loss of friction between tyres and the surface of the road. With its Ro...

Wireless charging system developed on Kia Soul EV

Marking an important step in the future of electric vehicles, the Hyundai-Kia America Technical Center, Inc. (HATCI) and Mojo Mobility, Inc. (Mojo) have completed a three-year project to develop a fast-charging wire...

Brembo bets big on India’s two-wheeler market

The year 2018 is a very important one for the growth of Brembo operations in India, where the company works exclusively for the two-wheeled market, driven by the recent introduction of new safety regulations that re...

BMW launches technical skilling initiative SKILL NEXT>>

BMW Group Plant Chennai celebrated its 11th anniversary by inviting legendary cricketer Sachin Tendulkar and students from the College of Engineering of Anna University and launching ‘SKILL NEXT»’, a technical skill...

BMW rolls out first ever 6 Series from Chennai plant

German stalwart BMW has rolled out its first ever 6 Series Gran Turismo from its plant in Chennai. The 6 Series Gran Turismo was launched earlier this month at the 2018 Auto Expo. The company launched the car as a l...

Kia installs framework for its first manufacturing facility in India

Korean auto major Kia, installed the framework of its new manufacturing facility in Anantapur, Andhra Pradesh. The facility will be constructed over a sprawling 214 hectares and will cater to jobs for nearly 3,000 l...

Interview with Pranav Desai, CEO, Laish-Madison Motor Werks Pvt Ltd.

Interview with Pranav Desai, CEO, Laish-Madison Motor Werks Pvt Ltd.Cleveland CycleWerks is not just a motorcycle company but a brand born out of passion keeping in mind the need of riders around the world. They hav...

New Lexus India team launches LS500h luxury sedan

With a new management in place at Lexus India, the company launched the highly anticipated fifth generation LS500h which will soon be available in India at a starting price of Rs 1.77 crore. The Lexus LS500h is now ...

Suzuki Motorcycle India clocks 50pc year on year growth

Suzuki Motorcycle India Private Limited (SMIPL) rounded off a successful year 2018, clocking an overall sale of 39,786 units during December 2017 to record a year-on-year growth of 50.16%. Once again, Suzuki Motorcy...

TVS Apache RR 310 launched for Rs 2.05 lakh; Marks entry into super-premium segment

TVS Motor Company has launched the TVS Apache RR 310. The motorcycle marks TVS Motor Company’s entry into the super-premium segment, both in domestic and international markets. The TVS Apache RR310 will be availabl...

Schaeffler India begins Rs 200 cr expansion of Pune operations

Leading global industrial and automotive supplier Schaeffler has reiterated its focus on India as a key manufacturing hub by announcing the expansion of its operations at INA Bearings in Talegaon, Pune. The Rs 200 c...

Mahindra, Uber join hands to deploy electric vehicles

Mahindra, Uber join hands to deploy electric vehicles

Toyota, Suzuki conclude MoU on EV introduction in India

It’s final now as both Toyota and Suzuki have confirmed the introduction of electric vehicles in India by 2020. Japanese car majors Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have concl...

BorgWarner R2S turbocharging technology boosts engine performance

BorgWarner, a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles has provided its leading regulated two-stage (R2S) turbocharger for Daimler’s latest 2.9-l...

Tata Motors to deliver 10,000 Tigor e-sedans to Indian government

E-Mobility in India got a real hard push when leading commercial and passenger car manufacturer in India, Tata Motors emerged as the lowest bidder in the tender floated by Energy Efficiency Services Ltd (EESL), a jo...

Royal Enfield 3rd manufacturing facility begins commercial production

Motorcycle manufacturer Royal Enfield has started commercial production from its new manufacturing facility at Vallam Vadagal near Chennai, Tamil Nadu in India. Spread over 50 acres, the Vallam Vadagal plant will be...

Continental tightens screw on fuel evaporation

Gasoline fuel is not only highly combustible, it also evaporates easily. The fumes – which contain benzene – pose a health hazard when inhaled and in combination with sunlight and exhaust gases they can cause photo...

Saitama City, Honda, Yamaha begin evaluating e-motorcycles

Saitama City in Japan, Honda Motor Co and Yamaha Motor Co will begin evaluation testing towards the expansion of the use of electric motorcycles. As part of Saitama City’s “E-Kizuna Project” measures to promote the ...

Honda’s Tapukara plant begins to pay rich dividends

Honda Cars India’s “Make in India” initiative is beginning to pay rich dividends not only in its car business but also in its car parts business. A visit to one of its plants in Rajasthan clearly indicated that the ...

GM India begins shipment of Chevrolet Beat sedan to Latin America

General Motors India has now begun regular shipment of sedan version of Chevrolet Beat from its Talegaon export hub to Latin America Markets. A consignment of 1200 Chevrolet Beat sedans was loaded for shipping to La...

Ather Energy gearing up for production of smart e-scooter S340

Bengaluru based Ather Energy has announced that India’s first truly smart, electric scooter, the S340 will begin mass production in the coming months at its new factory in Whitefield Bengaluru. The company kick-star...

Experts welcome GST rates, but baffled on rates for hybrids, small cars

Beginning with the Society of Indian Automobile Manufacturers (SIAM), several experts and bodies have welcomed the Goods and Services Tax (GST) rates on automobiles in the country. The 14th Goods and Services Tax (G...

Kia Motors to invest Rs 7072 crore in plant in Andhra Pradesh

South Korea’s leading car manufacturer Kia Motors is investing US $ 1.1 billion in India to build manufacturing plant in the state of Karnataka in South India. The construction of the Kia Motors manufacturing plant ...

Interview with Pietro Gorlier, CEO, Magneti Marelli and Saju Mookken, Country Manager & MD, Magneti Marelli India

Interview with Pietro Gorlier, CEO, Magneti Marelli and Saju Mookken, Country Manager & MD, Magneti Marelli India

Hiroto Saikawa is new Nissan CEO; Carlos Ghosn continues as Chairman

Begin April 1, 2017, Hiroto Saikawa will be the new Chief Executive Officer of Nissan Motors. The decision to appoint Saikawa was taken at the recommendation of Chairman of the Board and Chief Executive Officer Carl...

Sundaram-Clayton plans to invest Rs 750 cr in India, US

Sundaram-Clayton Limited (SCL) is planning to invest Rs 400cr over 3 years to expand its facilities in India. This will increase its capacity from 60,000 MT to 70,000 MT. SCL has 4 manufacturing plants situated in ...

Gestamp Rs 260 crore investment in first hot stamping plant in India

Gestamp, a Spanish multinational company specialised in the design, development and manufacture of metal components for the automotive industry, has launched a new plant specialised in hot stamping in Pune (India). ...

Honda Cars India recalls 41580 vehicles to replace Takata front airbags

Honda Cars India Ltd (HCIL) has announced that it will voluntarily replace Takata passenger front airbag inflators of 41,580 vehicles of previous generation of Jazz, City, Civic and Accord as part of Honda’s precaut...

CES 2017 50th Anniversary: A wrap up

No one could have ever imagined that a consumer electronics show would one day put to shame a hard core automobile show with its display of new cars and technologies. Well, with cars today stuffed with loads of elec...

Rockman Industries acquires majority stake in Moldex Composites

Rockman Industries, a Hero Group company has acquired a majority stake in Moldex Composites, a British-Indian venture, thereby making its intention known that it is investing in next-gen carbon composites technology...

Cyrus Mistry praised; Tata Nano a loss making project, admits Tatas

The slugfest between the ousted Chairman of Tata Sons Cyrus Mistry and the Tata Group is appearing to go in favour of Mistry, with the latest developments vindicating him on several stands.

Ather Energy gets Rs 205 cr funding from Hero MotoCorp

Bengaluru based Ather Energy, the smart electric two-wheeler start-up, announced a fresh round of funding of Rs 180 crores from Hero MotoCorp for 26-30% stake.

Nissan completes 34pc acquisition of Mitsubishi Motors for US $ 2.28 billion

Mitsubishi Motors Corporation (MMC) has announced that Nissan Motor Co., Ltd. has become its largest shareholder after completing the purchase of 34% of MMC-issued stock for 237 billion JPY (approx US $ 2.28 billion...




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