auto company

Mercedes-Benz recalls 127 cars in China


August 14th, 2012 - 2:33 pm ICT by IANS
Beijing, Aug 14 (IANS) Mercedes-Benz China will recall 127 units of G500 and G55 AMG models sold in China in order to fix a problem with the vehicles' airbags, the ... Read more...

Posted in Business |

Toyota to invest $500 mn in Brazil


August 9th, 2012 - 1:37 pm ICT by IANS
Rio de Janeiro, Aug 9 (IANS) Japan's automobile manufacturer Toyota has announced an investment of 1 billion reais ($500 million) to set up an engine factory in Brazil.The announcement Wednesday ... Read more...

Posted in Business |

Fiat sales take a hit in Europe


June 16th, 2012 - 3:34 pm ICT by IANS
Rome, June 16 (IANS/AKI) Fiat's sales in Europe have plummeted over the weak economy and a saturated market demand for vehicles from Italy's biggest carmaker.Sales fell 12.1 percent compared to ... Read more...

Posted in Business |

Sensex falls for second week on earnings and negative cues (Weekly Market Review)


May 5th, 2012 - 6:18 pm ICT by IANS
Mumbai, May 5 (IANS) Concerns over weak earning results, negative global cues and an uncertain regulatory environment weighed heavy on Indian equities markets as a benchmark index closed lower ... Read more...

Posted in Business |

Sensex slides 320 points to close below 17,000 (Roundup)


May 4th, 2012 - 6:54 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets Friday slid 320 points to close below 17,000 for the first time in more than three months over ... Read more...

Posted in Business |

Sensex falls below 17,000 points (Lead)


May 4th, 2012 - 5:04 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 300.43 points down at around 3 p.m. Friday, led by selling pressure in banking, consumer goods, ... Read more...

Posted in Business |

Sensex falls, banking and consumer goods stocks slump


May 4th, 2012 - 2:25 pm ICT by IANS
Mumbai, May 4 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Friday, led by selling pressure in banking, consumer goods, metals ... Read more...

Posted in Business |

Super Bowl commercials 2012 ad previews are on


January 23rd, 2012 - 9:04 pm ICT by Aishwarya Bhatt
Los Angeles, Jan 23 (THAINDIAN NEWS) As the most important day on the calendar of US sports draw near, major US and international companies are trying to get the most exposure as ... Read more...

Posted in Sports |

Nissan to make diesel engines in India


November 17th, 2011 - 9:35 pm ICT by IANS
Chennai, Nov 17 (IANS) Japanese automobile major Nissan Motor Company will start making diesel engines in India next year in its effort to increase the local content of its ... Read more...

Posted in Business |

GM may replace production-hit Toyota as No 1 automaker


April 23rd, 2011 - 4:33 pm ICT by IANS
New York, April 23 (IANS) Toyota Motor Corp. said Friday that it may take it till December to restore normal production of all its models because of parts shortage caused ... Read more...

Posted in Business |

GM revival touted by Obama as bailout success


November 24th, 2010 - 1:19 pm ICT by IANS
By Arun Kumar Washington, Nov 24 (IANS) US President Barack Obama is touting the revival of a bailed-out auto company as a vindication of his administration's controversial decision to bail out the ... Read more...

Posted in Business |

Sensex ends flat, markets shrug off rate hike (Roundup)


November 2nd, 2010 - 6:52 pm ICT by IANS
Mumbai, Nov 2 (IANS) A benchmark index for Indian equities Tuesday closed flat as traders consolidated their portfolios after a two-day rally. Markets largely shrugged off the Reserve Bank of India's ... Read more...

Posted in Business |

Markets flat post rates hike (Lead)


November 2nd, 2010 - 2:29 pm ICT by IANS
Mumbai, Nov 2 (IANS) Indian equities markets Tuesday were ruling flat after the Reserve Bank of India hiked the short-term borrowing and lending rates by 25 basis points each.The 30-share ... Read more...

Posted in Business |

Anyone in chappals or lungi can be a Mercedes owner


May 10th, 2010 - 8:24 pm ICT by IANS
Panaji, May 10 (IANS) Wealth generation in India is happening on a massive scale and anyone wearing plain clothes and chappals can be a Mercedes Benz owner, a top official of the ... Read more...

Posted in Business |

Tata Motors sells 20 percent stake in Telcon to Hitachi


March 30th, 2010 - 5:18 pm ICT by IANS
New Delhi, March 30 (IANS) India's largest commercial vehicle manufacturer Tata Motors Tuesday signed an agreement to sell its 20 percent stake in Telco Construction Equipment Company Ltd (Telcon) to Japanese partner ... Read more...

Posted in Business |

Two-wheel, pod-like vehicle that can drive itself unveiled


March 26th, 2010 - 5:54 pm ICT by ANI
Melbourne, March 26 (ANI): Australian car maker Holden has unveiled a radical two-wheel, pod-like vehicle that can drive itself.Xiao has been developed using carbon fiber and is charged by electric motors on ... Read more...

Posted in World |

Labour unrest continues in Haryana over the death of an auto company worker


October 20th, 2009 - 6:21 pm ICT by ANI
Gurgaon, Oct 20 (ANI): Thousands of workers belonging to around two-dozen mid-size and small auto component units on Tuesday staged a protest in Gurgaon over the killing of an auto worker at ... Read more...

Posted in National |

GM board reluctant to sell Opel to Canada’s Magna


August 25th, 2009 - 9:51 am ICT by IANS
Toronto, Aug 25 (IANS) General Motors's new board is reportedly reluctant to sell its Opel unit to Canada's auto-parts giant Magna International. Magna, which is the world's third largest part maker, and ... Read more...

Posted in Business |

GM board refuses to accept Canada’s Magna as Opel winner (Lead, changing dateline)


August 22nd, 2009 - 3:06 pm ICT by IANS
By Gurmukh Singh Toronto, Aug 22 (IANS) General Motors Friday postponed its decision on whether Canada's Magna International was the winning bidder for its Opel brand.Magna, which is the world's third largest part ... Read more...

Posted in Business |

6 charred to death in Alang ship breaking yard blaze


August 4th, 2009 - 11:11 pm ICT by ANI
Bhavnagar, Aug. 4 (ANI): Six workers were charred to death in a fire at Alang ship breaking yard here on Tuesday.According to police, the incident took place when some workers of Alang ... Read more...

Posted in National |

Canada’s Magna, Russian bank bid for 55 percent stake in Opel


July 22nd, 2009 - 2:35 pm ICT by IANS
By Gurmukh Singh Toronto, July 22 (IANS) Canadian auto-parts giant Magna and the Savings Bank of the Russian Federation (called Sberbank) have jointly submitted a bid to acquire a 55 percent stake in ... Read more...

Posted in Business |

Meet Barack Obama, the comedian!


June 20th, 2009 - 5:41 pm ICT by ANI
New York, June 20 (ANI): US President Barack Obama sent the crowd into stitches with his jokes at the 65th Annual Radio and Television Correspondents Association Dinner.The popular leader made other ... Read more...

Posted in World |

GM has viable plan to exit bankruptcy: Obama


June 2nd, 2009 - 12:05 am ICT by IANS
Washington, June 1 (DPA) US President Barack Obama Monday said he believed General Motors (GM) had developed a viable plan that will allow it to quickly exit bankruptcy. His comments came after ... Read more...

Posted in Business |

GM to axe 21,000 jobs in US, 5,900 in Canada


April 28th, 2009 - 2:48 pm ICT by IANS
New York/Toronto, April 28 (IANS) Troubled General Motors announced Monday to cut 21,000 US factory jobs by next year, phase out the famous Pontiac brand and offer the US government stock in ... Read more...

Posted in Business |

Now IBM axing jobs in Canada


March 27th, 2009 - 1:40 pm ICT by IANS
By Gurmukh Singh Toronto, march 27 (IANS) IBM Canada, which has 19,600 employees on its rolls, announced Thursday that it is axing a number of jobs to contain costs.The US software giant, which ... Read more...

Posted in Business |

Canadian markets up 13 percent as rally continues


March 18th, 2009 - 9:33 am ICT by IANS
Toronto, March 18 (IANS) Canadian markets continued their rally on the sixth consecutive day Tuesday, with rising oil pricing and financial shares boosting investor confidence. On the world energy leader Toronto Stock Exchange, ... Read more...

Posted in Business |

GM Canada doubles aid request to government


February 21st, 2009 - 12:42 pm ICT by IANS
Toronto, Feb 21 (IANS) General Motors (GM) Canada, which had sought $3 billion of the about $4 billion government rescue package announced in December, has now doubled its request to the government. In ... Read more...

Posted in Uncategorized |

Automobile CEOs will have to change or be sacked: Obama


December 8th, 2008 - 2:05 pm ICT by ANI
Chicago, Dec.8 (ANI): US President-elect Barack Obama has warned top executives of the Big Three auto companies to either agree to drastic reforms or be sacked. If this management team thats currently ... Read more...

Posted in Health Science |

Chinese auto company keen to invest in West Bengal


November 12th, 2008 - 5:53 pm ICT by IANS
Kolkata, Nov 12 (IANS) Officials of Chinese auto major First Automobile Works (FAW) have visited three plots in West Bengal, including Tata Motors' abandoned land in Singur, for setting up a manufacturing ... Read more...

Posted in Business |

Subscribe