The JV between the French auto major and India's CK Birla group is aiming at production capacity of about 100,000 vehicles a year by 2020, reports T E Narasimhan from Chennai. PSA Group, the French automobile major which makes Peugeot and Citroen cars, is re-entering India by signing an agreement with the CK Birla Group. The two partners will invest around Rs 700 crore (Rs 7 billion) in Tamil Nadu to manufacture cars and powertrains, by 2020. The cars will be made at Hindustan Motors' ... Rediff.com, 3 weeks ago
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* PREVIOUS TRADING SESSION MOVES: * HK->Shanghai Connect daily quota used 1.8 pct, Shanghai->HK daily quota used 2.2 pct * HK->Shenzhen Connect daily quota used 8.3 pct, Shenzhen->HK daily quota used 2.5 pct * SSEC -0.9 pct, CSI300 -0.6 pct, HSI -0.3 pct * ...Sify, 1 day ago
Mumbai: The iconic brand Ambassador has changed hands, with Hindustan Motors selling it to European auto major Peugeot for Rs 80 crore. The C.K. Birla group firm has inked an agreement with Peugeot SA to this effect. As things stand, the manufacturing of ...Sify, 1 week ago Hindustan Motors sells Ambassador brand to European auto major Peugeot Mathrubhumi, 1 week ago Ambassador brand now gets a new owner in Peugeot Deccan Herald, 1 week ago Hindustan Motors sells iconic Ambassador brand to Peugeot DNA, 1 week ago
By David Stanway and Jess Macy Yu SHANGHAI/HONG KONG (Reuters) - China's cash-strapped LeEco said it is in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor, but the announcement was seen as insufficient to dispel concern ...Sify, 1 month ago
SHANGHAI (Reuters) - Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a 10 billion yuan ($1.4 billion) deal with an unnamed strategic investor, its listed unit said. Leshi Internet Information and Technology said in a filing to the ...Sify, 1 month ago
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