Groupe PSA, FCA to merge into Euros 170 billion auto behemoth

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

FCA withdraws merger proposal to Groupe Renault

The Board of Fiat Chrysler Automobiles which met under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault.

FCA submits proposal for merger with Groupe Renault

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

Volkswagen Group to merge all passenger car entities in India

The Volkswagen Group has announced its intent to merge its three Indian subsidiaries: Volkswagen India Private Ltd (VWIPL), Volkswagen Group Sales India Private Ltd (NSC) and Skoda Auto India Private Ltd (SAIPL). Th...

Uno Minda Group in JV agreement with Katolec Corporation of Japan

Minda Industries Limited, the flagship company of Uno Minda Group has entered into Joint Venture (JV) agreement with Katolec Corporation, Japan. The proposed name for the joint venture company is Minda Katolec Elect...

Spyker bankruptcy declared null and void

Netherlands based Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively "Spyker" or the "Company"), on January 29, 2015 won an appeal filed on December 29, 2014 with the Appea...

Mahindras now have Peugeot Scooters in their fold

Mahindra Two Wheelers Ltd. (MTWL), part of the Mahindra Group, and Peugeot Scooters (PMTC), part of the Euro 54 billion PSA Group based in France announced on January 20, 2015 that they have completed the necessary...

Spyker files for voluntary financial restructuring

Dutch automobile car maker Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively “Spyker” or the “Company”), filed a voluntary petition on December 2, 2014 for financial restr...

Fiat Chrysler Automobiles to spin off Ferrari

Ferrari S.p.A., makers of the iconic Ferrari cars, is being spun off as a separate company by Fiat Chrysler Automobiles (FCA) and will in all probability be listed in the United States as well as a European stock ex...

Apollo Tyres “Disappointed”; To seek legal remedy

Following US based Cooper Tire’s announcement made on December 30, 2013 that it was terminating its deal with Onkar Kanwar controlled Apollo Tyres, the Indian tyre major has said in a statement that it is “disappoin...

Cooper Tire ends merger deal with Apollo Tyres

Cooper Tire & Rubber Company has announced it has terminated the merger agreement with Apollo Tyres. “It is time to move our business forward,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. ...

Apollo files response to Cooper complaint

Apollo Tyres Ltd. has filed its answer to the complaint filed by Cooper Tire & Rubber Company with t

Cooper Tires-Apollo Tyres spat evident

A spat between India based Apollo Tyres and US based Cooper Tires is quite evident now. Apollo Tyres

Apollo Tyres snaps up US-based Cooper for US$ 2.5b

Apollo Tyres Ltd and Cooper Tire & Rubber Company have announced the execution of a definitive merge

Hindustan Motors to demerge its Chennai Car Plant

Hindustan Motors Limited (HML) has decided to demerge and transfer its Chennai Car Plant (CCP) as a

Volkswagen and Porsche create integrated group

Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE (Porsche SE) are to create the integr




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