A holding company will be created and listed on the Tokyo Stock Exchange by August 2026; Mitsubishi will also be part of the merger
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Honda, Nissan talk possible merger to create world’s third-largest auto company
Companies expected to make an announcement on December 23; The combined valuation will be $54 billion with annual output of 7.4 million units
automobile industry
India’s largest IPO disappoints on listing; fails to give gains on opening day
Hyundai Motor India shares listed on bourses on Tuesday at a 1.5% discount to their issue price of INR 1,960
automobile industry
Hyundai hopes to raise $3.3bn in India’s biggest-ever IPO
South Korean automaker offering 17.5% stake in its India unit, making it the second biggest IPO this year worldwide
automobile industry
US manufacturing output rises more than expected in September
Economists polled by Reuters had forecast factory output would tick up 0.1 percent
automobile business
Union workers go on unprecedented strike against Detroit’s Big Three automakers
More than 12,700 workers walked off three selected plants of Ford, General Motors and Stellantis – the first time all three have been targeted
automobile industry
Tata to partner with startups for UK battery plant for Jaguar Land Rover EVs: Report
The plant is expected to start mass production in 2026
Abu Dhabi Investment Authority
Tata Motors lines up suitors from GCC for stake in EV business: Report
The company eyes raising up to $1 billion through the equity sale and will use the bulk of proceeds to retire a part of its outstanding debt
Abu Dhabi
Chinese carmaker NWTN signs lease deal with KIZAD to assemble EVs in Abu Dhabi
The UAE’s first electric vehicles assembly facility will produce 10,000 units per year; it is set for completion in the last quarter of this year
automobile manufacturers
Car supply chain problems are ‘poised to continue through 2024’
Industry analysis shows that constraints will persist even though chip availability continues to improve, according to a global consulting firm
automobile industry
Certified pre-owned vehicles: An added value for second-hand car buyers
Given the changing landscape, automotive manufacturers across the globe are paying closer attention to their certified pre-owned fleets, ensuring they are well presented and priced
automobile manufacturers
Nissan looking to drive 35% increase in Middle East sales by 2023
Company’s roadmap for growth would use the success of markets in the UAE as the blueprint
automobile industry
General Motors looking to drive double-digit growth in region this year
Automobile giant to employ ‘ambidextrous strategy’ focusing on core business and electric vehicle launches
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Video: How Tesla became the most valuable auto maker in the world
Tesla’s stock has more than tripled since the start of the year, giving it a market capitalization larger than many behemoths of American industry. But its rise wasn’t necessarily driven by fundamentals. WSJ explains.
automobile manufacturers
In pictures: Limited edition open-top hybrid Lamborghini Sian
Limited edition Roadster version of visionary V12 super sports car, combining groundbreaking hybrid technologies and design. The Sian Roadster accelerates from 0 to 100 km/h in less than 2.9 seconds.
automobile manufacturers
Video: W Motors aims to go fast and green with new supercar
W Motors CEO, Ralph Debbas, speaks to CNBC’s Dan Murphy about plans for a new supercar to follow in the footsteps of the Fenyr and Lykan.
automobile manufacturers
Dubai International Motor Show: key auto trends to look out for in 2020
The Middle East’s largest automotive event, the Dubai International Motor Show is back again this year with some exclusive car launches, interactive demonstrations and exciting features.