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Volkswagen finance arm's profit up on higher demand for diesel cars

"Even in the challenging business year 2016 we have been able to continue our successful growth course of past years."
Posted: December 3, 2016, 1:57 pm
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Daimler Financial Services to acquire Athlon Car Lease International

Daimler Financial Services invested € 1,1 billion to acquire Athlon, a fleet management company in Europe.
Posted: December 2, 2016, 1:57 pm
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Amtek Auto, 3 units agree to equity infusions by new investors

The plan also envisages a broader corporate restructuring involving the consolidation of the domestic business and the ongoing asset monetisation to support the proposed plan, it added.
Posted: December 1, 2016, 9:19 am
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Mahindra, IBM eases supplier-to-manufacturer transactions

The blockchain-based supply chain finance solution will enable all parties involved in the transaction to act on the same shared ledger, with each party updating only their part of the process.
Posted: November 30, 2016, 5:06 pm
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Volkswagen's loss is BMW's gain

BMW and Susanne Klatten, one of the carmaker's largest shareholders, will participate in the fundraising to maintain their current shareholdings, while Volkswagen (VW) and engineering group Voith will not inject cash, SGL said.
Posted: November 30, 2016, 3:24 pm
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BMW strongly increases venture capital fund volume

"We want to expand our focus and are moving to the Bay Area around San Francisco. Half of all start-ups there are active in the field of mobility."
Posted: November 28, 2016, 2:10 pm
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Reasonable valuation, strong growth prospect make Bosch stock analyst's top pick

This is because vehicle demand is discretionary in nature and, therefore, is expected to take an immediate hit due to the current cash crunch situation.
Posted: November 26, 2016, 1:41 pm
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Tata Motors among four companies that owe over Rs 1k cr each in indirect tax

Tata Motors has outstanding excise duty of Rs 629.76 crore in 91 cases and service tax dues of Rs 516.09 crore in 5 cases. This takes the total amount due in taxes to Rs 1,145.85 crore.
Posted: November 25, 2016, 6:15 pm
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Currency Ban: Suzuki 2wheelers partners with Paytm, HDFC Bank

Customers can book any Suzuki two wheeler by paying an amount of Rs 20,000 through Paytm and finance the remaining amount, hence eliminating the need for any cash transaction.
Posted: November 24, 2016, 6:34 pm
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Tata Motors scrip down nearly 4%; erodes Rs 5,871 cr in mcap

The stock ended the day with a loss of 3.89 per cent at Rs 453.05 on BSE. During the day, it slipped 4.53 per cent to Rs 450. On NSE, shares of the company dipped 3.93 per cent to settle at Rs 452.95.
Posted: November 24, 2016, 5:42 pm
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