automotive sector News

JSW Group Eyes Increased Stake in MG India Through Everstone Capital Buyout

JSW Group is in advanced talks to acquire Everstone Capital's 8% stake in MG India, aiming to increase its stake and strengthen its position in the automotive sector. The deal focu...

UK Car Sales Surge in 2024, Yet Electric Vehicle Goals Remain Unmet

In 2024, UK new car registrations increased by 2.6%, reaching 1.95 million units. However, electric vehicle sales did not meet the government's 22% target, achieving only 19.6% mar...

Meloni: Italy's Government to Stay Neutral in Stellantis Leadership Talks

Italian Prime Minister Giorgia Meloni stated on Monday that the government does not want to engage in the ongoing management changes at Stellantis NV as the carmaker announced the ...