Auto Sector
Government refrains from intervening in Keshub's reappointment
After Keshub Mahindra, the Chairman of the M&M Group was convicted in the Bhopal gas strategy case, there was a lot of speculation over his reappointment as the Chairman of the conglomerate but the company has selected him for one more term.
Maruti to roll out five CNG models
With a view to regain its lost market share in the domestic circuit, the market leader in passenger cars will be launching close to five CNG models in the Indian market on a single day.
M&M on a high!
India's largest utility vehicles maker, Mahindra & Mahindra has recently beaten the forecasts at the street as it posted a 40% rise in the first quarter profit driven by increasing demand in a fast-growing auto market.
Hero Honda inducts additional director
As the board of Hero Honda Motors in its meeting on 29 July 2010 accepted the resignation of O P Munjal, non-executive director of the company with effect from 29 July 2010, it also announced the appointment of Suman Kant Munjal as additional director of the company.
Porsche Approves the Development of 918 Spyder
Porsche has declared its plans to carry on with the development of a plug-in Porsche 918 Spyder. The car will be built in Germany.
The project got the nod from the board of the Company. A great response from the customers as well as the public was cited as the main reason for the approval.
Alto K10 is a totally new product
There is no denying to the fact that the Alto is the top selling product in the Indian passenger car market for the past many years now and with the company now planning to launch it with a K series engine, the product is expected to gain additional volumes.
Honda denies stake selling in Hero Honda
While a host of news reports claimed that the Japanese auto major may sell close to 6% stake in the world's largest producer of motorcycles - Hero Honda but the company has denied any such development. In fact, Honda spokeswoman Natsuno Asanuma said there is no truth in the statement at all.
Toyota launches Corolla Altis Diesel
After staying into the petrol market for many years with its sedans, Toyota has recently entered into the diesel segment with the Corolla Altis diesel launch. While Corolla is one of the top selling models across the world, the company has been able to make a significant presence in the Indian market with its Corolla as well.
Tata motors failed attempts to push Fiat
It has been few years since Tata Motors and Fiat joined hands for their operations in the Indian market but perhaps the arrangement is not working out as it was initially expected by the two parties.
Mercedes to launch SLS AMG on July 16
After gaining its leadership position back in the Indian market, the luxury carmaker, Mercedes-Benz India is in no mood to stay complacent and hence is looking forward to launch the much-awaited SLS AMG in the Indian market on the July 16th.
BMW targets #1 slot with 5-Series
There is no denying that BMW took no time in reaching the top position in the Indian luxury market after it dethroned, Mercedes-Benz fro the #1 slot, but the company hasn’t been able to hang on to the top position for long.
Harley Davidson joins hands with ICICI bank
While the cult bike maker, Harley Davidson may have taken its own time to enter into the Indian shores but after the company has made an entry, it is surely ensuring that no stone is left unturned to get its strategy right in the domestic market.
The March to Rule the World Now
Emphasizing a drift for Japanese automakers to modify more production abroad, Nissan took the squashing off its new March subcompact on Tuesday, which is being made in Thailand for sale in Japan.
McLaren Chooses 35 Retail Partners Worldwide
McLaren Automotive, the recently launched sports car company, has listed Rybrook in Birmingham, Jardine Motors Group in London, and Sytner in Manchester as its main retail partners in UK.
All the three retailers form a part of a naive global network of as many as 35 McLaren retailers.
Talks to Save the Future of Swansea Car plants
Talks between union leaders and politicians will be held to strive to save a car parts factory to get shut near Swansea, which will result into a job loss, figuring to 200.
The factory has been on the Fabian Way site, since the 1960s. It was formerly owned by Ford and Visteon, before being acquired by Canada-based Linamar Corporation in 2009.
New Car Sales Hike This Month
The Society of Motor Manufacturers and Trader said that even though, the scrappage scheme has concluded, yet its sales have hiked 10.8% in comparison to the same month in the previous year. In June, the total number of registrations have been pushed up to 195,226 with a 25% boost in fleet sales.
IPO for Mid August Planned by GM
General Motors has made planned a $15 to $20 billion dollar IPO for mid-August. But prior to this taking place, GM wants to set up a $5 billion line of credit with chief banks.
Up till now, Bank of America, JPMorgan Chase, Citigroup and Morgan Stanley have agreed to a trivial $500 million.
Upgraded 2011 Mercedes Benz CL-Class Unveiled
Mercedes-Benz intends to make that weekend special for you by introducing the upgraded 2011 CL-Class at the 2010 Goodwood Festival of Speed.
2011 Subaru Forester Upgrades with Petrol Engine
Overseas launch of 2011 Subaru Forester was declared by Subaru, today, with an additional petrol engine, for non-turbo models including X and XS, and other equipment improvements. The engine has a bore/stroke dimensions with a longer stroke. Also, the revised version's 2.5 liter Boxer engine is a little elevated from 2457cc to 2498cc.
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