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Schaeffler places Euro 1.1 billion bonds to fund Vitesco transaction

Schaeffler places Euro 1.1 billion bonds to fund Vitesco transaction

autherAutocar Professional Bureau     calendar09 Jan 2024

The proceeds of the issuance will mainly be used for the refinancing of the previous bridge financing of the tender offer for all outstanding shares of Vitesco, which was successfully completed on 5 January, 2024. 

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BluSmart signs MoU with Automotive Skill Development Council to launch ‘Project Sakhi’
BluSmart signs MoU with Automotive Skill Development Council to launch ‘Project Sakhi’

autherAutocar Professional Bureau calendar09 Jan 2024

ASDC will implement a 3-month comprehensive driver skills training programme to equip women candidates with the necess...

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Renault plans 5 new cars, SUV launches till 2027
Renault plans 5 new cars, SUV launches till 2027

By Rivan RS, Autocar India calendar09 Jan 2024

Next gen Triber, Kiger and a localised EV is in the works for Renault. 

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Renault kicks off new brand identity, customer experience strategy in India
Renault kicks off new brand identity, customer experience strategy in India

By Mayank Dhingra calendar09 Jan 2024

The French carmaker has also upgraded its pre-owned car business with the ‘Renew’ programme to offer refurbished and c...

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Gensol Engineering signs MoU with Govt of Gujarat to invest Rs 2000 crore for EV manufacturing
Gensol Engineering signs MoU with Govt of Gujarat to invest Rs 2000 crore for EV manufacturing

autherAutocar Professional Bureau calendar09 Jan 2024

This investment is expected to create 1,500 green jobs in the region.

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Hyundai Motor Group announces Software-defined Everything strategy at CES 2024
Hyundai Motor Group announces Software-defined Everything strategy at CES 2024

autherAutocar Professional Bureau calendar09 Jan 2024

Korean auto major aims to transform all moving devices, fleets and ecosystems into valuable assets through advanced so...

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Kia reveals five 'Platform Beyond Vehicles' concepts at CES 2024
Kia reveals five 'Platform Beyond Vehicles' concepts at CES 2024

autherAutocar Professional Bureau calendar09 Jan 2024

Unveils five PBV concept models – three Concept PV5 derivatives, Concept PV7 and Concept PV1; PBV platform offers user...

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Volkswagen integrates ChatGPT into its cars, global premiere at CES 2024
Volkswagen integrates ChatGPT into its cars, global premiere at CES 2024

autherAutocar Professional Bureau calendar09 Jan 2024

Volkswagen, in partnership with Cerence Inc, becomes first volume carmaker to offer Chat GPT; current MEB and MQB evo ...

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Bajaj Auto approves Rs 4,000 crore share buyback at Rs 10,000 apiece
Bajaj Auto approves Rs 4,000 crore share buyback at Rs 10,000 apiece

autherAutocar Professional Bureau calendar08 Jan 2024

This marks the company's second buyback since 2022, when the two and three wheeler auto major had announced a Rs 2,500...

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Saint-Gobain India signs MoU to invest Rs 3,400 crore in Tamil Nadu
Saint-Gobain India signs MoU to invest Rs 3,400 crore in Tamil Nadu

By Autocar Pro News Desk calendar08 Jan 2024

This new tranche will bring the company’s total investment in the state up to Rs 8,000 crore.

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POLL OF THE MONTH

Can GST Cuts Give Long-term Boost to Auto Sales?

Can GST Cuts Give Long-term Boost to Auto Sales?

Yes

 

63.71%

No

 

36.29%

Total Votes : 733