Tags: Bmw

Audi proposes $30.3 B investment plan to challenge Toyota, GM, BMW sales

Volkswagen AG's Audi division said today in a statement that it is aiming to challenge major automobile players in terms of global sales by pouring in €22 billion or $30.3 billion in auto model and technology development through 2018.


India's Amtek Auto agrees to purchase Germany's Kuepper group for €200M

India-based integrated components manufacturer Amtek Auto agreed to acquire significant business interests in Germany-based integrated machine manufacturer Kuepper group in a deal reportedly valued at €200 million.

Daimler to get 5% stake in Aston Martin for supplying engines and electronic components

German carmaker Daimler will take a 5% stake in British luxury sports carmaker Aston Martin in exchange for supplying engines and electronic components to the latter. The partnership will develop a new generation of V8 engines for sports cars.

Sime Darby purchases 70% stake in Australian car dealer

Malaysian conglomerate Sime Darby Bhd announced that it has agreed to purchase a 70% stake in Australian car dealer Brisbane BMW Unit Trust and LMM Holdings Pty Ltd for AUD22.7 million (USD20.75 million).


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Toyota is nearing an agreement to license its fuel-cell vehicle technology to BMW Japanese automaker Toyota Motor Corp is nearing an agreement to license its fuel-cell vehicle technology to Germany's BMW AG BMWG.
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