Porsche plans big for India; Panamera sedan to be its first global launch in the country

October 30th, 2008

New Delhi, 30 October 2008: Iconic sportscar manufacturer Porsche is betting big in India. The company, famous for being the most profitable carmaker in the world, is ramping….

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Left Front of WB urges Tata to return the Singur land to the State Govt

October 30th, 2008

Kolkata, 30 October 2008: The ruling Left Front in West Bengal today said that the Tatas must return the Singur land as they had withdrawn the Nano project.

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General Motors denies report on seeking help from Toyota

October 30th, 2008

Detroit, 30 October 2008: Struggling U.S auto giant General Motors Corporation (GM) dismissed as “pure speculation”, yesterday’s report that it had asked….

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Toyota and Daihatsu plans low-cost car for India: Source

October 29th, 2008

Tokyo, 29 October 2008: Toyota Motor Corporation and its minivehicle unit Daihatsu Motor are reportedly developing a new car for India that will likely sell for around….

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Inadequate financing options affecting Indian car sales: Maruti Suzuki

October 29th, 2008

New Delhi, 29 October 2008: Automobile leader Maruti Suzuki India said that though the consumer demand was still very high, the absolute lack of financing options has pushed….

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Honda Motor trims annual profit forecast

October 28th, 2008

Tokyo, 28 October 2008: Honda Motor Co today has announced a cut in its annual profit forecast as a deepening financial crisis hammers global car demand.

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“It is sad that Ratan Tata had to move his project”: Prime Minister

October 28th, 2008

New Delhi, 28 October 2008: Expressing ‘sadness’ over the circumstances in which Mr.Ratan Tata had to shift the prestigious Nano car project from West Bengal….

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Mitsubishi Motors to cut production, revise sales target

October 25th, 2008

Tokyo, 25 October 2008: Japanese auto giant Mitsubishi Motors Corporation will cut production at its factories in Japan by up to 1,00,000 units in a period of five months starting….

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BMW to unveil all new ‘Mini E’ electric car at this year’s LA Auto Show

October 25th, 2008

New York, 25 October 2008: BMW Group will present the new, electrically-powered MINI E to the global media for the first time at the Los Angeles Auto Show on 19/20 November….

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Suzuki to invest Rs.150 Crore for capacity expansion

October 24th, 2008

New Delhi, 24 October 2008: Suzuki Motorcycle India Pvt. Ltd, the subsidiary of Japanese company Suzuki Motor Co, plans to invest an additional Rs.150 crore in its operations….

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