Ashok Leyland, an Indian commercial vehicle manufacturer, has formed a new environmental, social, and governance (ESG) committee of the board headed by an independent director. The flagship company of the Hinduja Group said that the ESG committee will be responsible for providing suitable oversight and guidance in its journey on organization-wide initiatives in ESG, priorities, […]
TRATON acquisition of Navistar : TRATON, a subsidiary of German automotive giant Volkswagen Group, has agreed to take full ownership of US truck manufacturer Navistar International in a $3.7 billion all-cash deal. Presently, TRATON, which is a commercial vehicle manufacturer, holds a 16.7% stake in the truck maker and will pay $44.5 per share to […]
Automobile industry news : US-based commercial vehicle manufacturer Ram Trucks has launched a new luxury pickup truck branded as 2019 Ram 1500 Laramie Longhorn Edition, and built on strength, durability, technology and efficiency. According to Ram Trucks, the Ram 1500 Laramie Longhorn provides leading-edge innovation to truck buyers with weight reduction of 225 pounds. The […]