Category Archives: Joint Ventures

Nissan India could soon pick up a minority stake in Hover

Recent reports state that Nissan India will take hold of a minority stake in Hover Automotive Ltd. Hover is in control of the marketing, sales, dealer development and after sales activity for Nissan.Once the joint venture is finalized, Nissan will

Volkswagen-Maruti Suzuki partnership brewing

Volkswagen now owns a 19.9% stake in Suzuki and now the German car maker could benefit from Suzuki's frugal engineering and packaging techniques which appeal greatly to developing markets especially.Volkswagen which is a new entrant into the Indian

Revealed – VW-Suzuki compact SUVs and cars

Volkswagen recently bought 19.9% stakes in Suzuki. The German carmaker made a very smart move by buying stakes in Suzuki could create opportunities for VW to jointly develop low cost car models, which is the Japanese marque's strength.Volkswagen

Mahindra to manufacture armoured vehicles with a Gulf JV

Mahindra is joining hands with a couple of companies in the Gulf to produce armored vehicles. Mahindra & Mahindra, its subsidiary Mahindra Overseas Investment Company Mauritius Ltd, Arabia Holdings and Ras Al Khaimah Transport Investments are coming

SAIC-GM-Wuling’s new sedan a good bet for India

The SAIC-GM-Wuling Automobile, a joint venture between Shanghai Automotive Industry Corporation(SAIC), General Motors and Wuling Motors to produce low cost minivans has also revealed plans to launch a new mid-size sedan completely developed in-house.Codenamed

Tata to partner Genovation to design G2 EV

Tata Motors will step into the design and manufacture of EVs (electric vehicles) through a joint venture with American carmaker Genovation Cars Inc. The electric car named G2 would be the successor to the Genovation G1, which is essential an European

Geely-Volvo deal to be completed this Friday

The Financial Times is reporting Ford Motor will finally sign a deal to sell its Volvo cars business to Zhejiang Geely Holding Group of China before the beginning of next week.Geely is reported to pay a whopping $1.8bn for Volvo. Another $750m of

Asia Automotive Environmental Forum (AAEF) held in Seoul

The first Asia Automotive Environmental Forum (AAEF) is being held in Seoul, South Korea. Over 150 government officials, academicians and industry experts attended the forum, which is being co-hosted by Hyundai Motor Company, the Korea Society for Life

Fiat to use Ranjangaon facility as Global Production Base

If media reports are to be believed, Fiat is said to be considering the possibility of using its manufacturing facility at Ranjangaon (near Pune) as a global production base for some of its cars. In fact, among others, Fiat may also build its low-cost