Formula One is due to introduce a $145 million budget cap next year as the sport seeks to cut costs and help the 10 teams survive.
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The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million)
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The new Mercedes-AMG C 63 Coupe is even cheaper than the previous-gen model which was on sale in India until early 2019.
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Upgraded Rio features Kia’s first gasoline mild-hybrid powertrain.
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The company's rival in India, SoftBank Group-backed Ola said last week it would cut abut 1,400 jobs as a lockdown brought down revenue by 95% in the last couple of months.
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Profit came in at 215.1 billion yen ($1.99 billion) for the year to March, down 34% from a year ago and its lowest since the year ended in March 2016.
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Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines.
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Spencer Meyer initiated the high-profile 2015 antitrust lawsuit alleging that Uber Technologies Inc engaged in an illegal conspiracy with its drivers to coordinate high "surge pricing" fares during periods of heavy demand by agreeing to charge prices set by an algorithm in the Uber ride-hailing app.
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