All posts in Automotive

US private equity firm Carlyle Group LP (NASDAQ:CG) said it had made a substantial investment in UK minicab company Addison Lee Plc, without disclosing the terms of the

German carmaker Daimler AG (FRA:DAI) on Wednesday said it had raised gross proceeds of around EUR2.2bn (USD2.9bn) from the sale of its remaining 7.5% in European aerospace and

US vehicle rental group Avis Budget Group Inc (NASDAQ:CAR) announced it had wrapped up its $500m (€384m) takeover of car sharing network Zipcar Inc (NASDAQ:ZIP). The completion of the

The Bank of England said today that its Monetary Policy Committee (MPC) has voted to maintain interest rates at 0.5% and also resisted calls to inject more money

Sales of new cars in the UK last month remained strong, in contrast to sales in the rest of Europe. A report released today by the Society of Motor

France's government could participate in a capital hike at PSA Peugeot Citroen SA (EPA:UG) if needed, in an effort to help the carmaker limit its increasing losses, daily

Swedish truck maker AB Volvo (STO:VOLV-B) said it would pay CNY5.6bn (USD900m/EUR669m) for 45% in a new venture with Chinese peer Dongfeng Motor Group Company Ltd (HKG:0489), or

Chinese sovereign wealth fund China Investment Corporation (CIC) is pondering the acquisition of an interest in German premium motor vehicles manufacturer Daimler AG (ETR:DAI), Chinese media reported. The online

Italian carmaker Fiat SpA (BIT:F) said it intends to exercise an option to buy an additional 3.3% stake in Chrysler Group LLC from the Voluntary Employee Beneficiary Association