Peugeot, Fiat Chrysler Boards Approve Merger

Peugeot, Fiat Chrysler Boards Approve Merger

The Supervisory Board of Peugeot S.A. and the Board of Directors of Fiat Chrysler Automobiles (FCA) have each unanimously agreed to work towards a full combination of their respective businesses by way of a 50/50 merger. Both boards have given...
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Peugeot, Fiat Chrysler In merger Talks

Peugeot, Fiat Chrysler In merger Talks

US-Italian auto giant Fiat Chrysler and France’s Peugeot are in merger talks that would yield an entity valued at about $50 billion, a person with knowledge of the matter told AFP on Tuesday. Carlos Tavares, the chief executive of Peugeot’s...
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Mahindra Acquires Peugeot Motocycles

Mahindra Acquires Peugeot Motocycles

Mahindra & Mahindra (M&M) subsidiary, Mahindra Two Wheelers Europe is to fully acquire France-based Peugeot Motocycles (PMTC) for an undisclosed amount....
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Renault Seek New Partners As Revenue Drops Further

Renault Seek New Partners As Revenue Drops Further

French carmaker Renault is on the hunt for new partners to buy its cars and components as it reported a fall in quarterly revenue and pushed ahead on a strategic review with “nothing off the table”. According to agency reports,...
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Renault Declares 4.4 Per Cent Drop In Sales

Renault Declares 4.4 Per Cent Drop In Sales

Renault’s group revenue fell in the third quarter, weighed down by a drop in production at partners Nissan and Daimler as declining demand for diesel engines added to the effects of a slowing global market. The company, which owns 43.4%...
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Kia Employs 1,000 New Staff As Bookings For Seltos Exceed Expectations

Kia Employs 1,000 New Staff As Bookings For Seltos Exceed Expectations

Enthused by the sustained bookings for Seltos SUVs which have crossed 60,000 units, Kia Motors has started its second shift at Anantapur facility in Andhra Pradesh in India  to take the capacity to over 15,000 units a month by adding...
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Renault Explains Drop In Sales

Renault Explains Drop In Sales

Renault has cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales. Renault, which has just rejigged its top...
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Tata Rules Out Sale Of Jaguar Land Rover

Tata Rules Out Sale Of Jaguar Land Rover

Tata Motors, which owns Jaguar Land Rover (JLR), said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said N Chandrasekaran, chairman of Tata Sons, the holdin...
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New Kia Carnival MPV Debuts

New Kia Carnival MPV Debuts

Kia Motors has concluded plans to unveil new  Carnival MPV also identified in some markets as Sedona.  Available in seven-seater and eight-seater variants, the MPV measures 5.115 mm in length, 1,985 mm in width, 1,740 mm in height and it...
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Skoda Reports 2.7% Drop In Sales

Skoda Reports 2.7% Drop In Sales

Skoda Auto global deliveries have dropped 2.7 per cent to 913,700 cars in the first nine months of 2019, compared to the same period last year. The slump in deliveries is majorly due to the declining sales in China, where...
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Volkswagen Postpones Final Decision On Turkey Plant

Volkswagen Postpones Final Decision On Turkey Plant

Volkswagen has postponed the final decision whether to build a car plant in Turkey, the company said, amid international criticism of the country’s military operation in Syria and concerns about potential reputational fallout. “We are carefully mon...
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Yamaha Joins Automotive Sharing Centre

Yamaha Joins Automotive Sharing Centre

Yamaha Motor Group has joined the Automotive Information Sharing and Analysis Center (Auto-ISAC) along with three other companies TuSimple, ArmorText and Celerium. The inclusion of these four companies in the Auto-ISAC will increase the strength of the platfor...
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Audi Delivers 145,400 Units In September

Audi Delivers 145,400 Units In September

German luxury carmaker Audi AG’s global delivery in September was 145,400 units, up 4.5 per cent compared to the same month last year, when it registered 139,150 units. Cumulatively, Audi AG has delivered 1,357,100 units during January-September 2019 per...
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BMW Delivers 1,866,198 Units In Nine Months

BMW Delivers 1,866,198 Units In Nine Months

BMW recorded 4.6 per cent growth in delivery in September 2019 with 248,684 units, which includes BMW, Mini and Rolls Royce vehicles. Cumulatively, the auto group has delivered 1,866,198 units between January-September this year, up 1.7 per cent compared to...
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