automotive industry

Bitauto Holdings Limited, a leading provider of internet content & marketing services, and transaction services for China's automotive industry announced the completion of the merger with Yiche Mergersub Limited ("Merger Sub"), a wholly-owned subsidiary of Yiche Holding Limited ("Parent"), pursuant to the previously announced agreement and plan of merger, dated as of June 12, 2020 (the "Merger Agreement"), by the Company, Parent and Merger Sub. As a result of the merger, the Company became a wholly-owned subsidiary of…

The Volvo Group and Isuzu Motors have signed binding agreements in order to form a strategic alliance withing commercial vehicles. The primary goal here is to capture the opportunities in the ongoing industry transformation in accordance with the MoU signed in last year’s December. The agreement also includes Isuzu’s acquisition of UD trucks from the Volvo Group for an enterprise value of JPY 243 billion. The transaction is subject to certain conditions, including approval from regulatory authorities. A Joint Alliance…

Clutch Technologies, the pioneer of subscription and mobility services software for the automotive industry, announced a new integration with data analytics platform provider Synaptiv to help Jaguar Land Rover dealers simplify and more efficiently manage their loaner fleets and fixed operations business. Marketing Technology News: Freshworks Taps Oracle Cloud Vetaran Prakash Ramamurthy as New CPO Digitizing the loaner car experience is a growing trend among dealers focused on increasing margin in the most profitable…