Authorities in France have been investigating whether former Renault-Nissan boss Carlos Ghosn knowingly used company resources to throw a party at Versailles palace that was for private purposes.

In 2019, total M&A volume dropped 18 percent to 867 deals in the global automotive industry compared with 2018, PwC said in the annual M&A report. 

ZF, which helps carmakers develop gearboxes and hybrid drivetrains, first tried to acquire Wabco, maker of advanced driver assistance systems for trucks and trailers, in 2017.

Mahindra said it has launched its model year 2020 Roxor with what it described as "significant styling changes" and said it would make additional changes if the ITC required it.