auto market

Fiat not to leave Italy amid sales plunge


September 19th, 2012 - 12:44 pm ICT by IANS
Turin, Sep 19 (IANS/AKI) Amid a Europe-wide decline in car sales, Italian automobile giant Fiat said it does not intend to leave Italy or close any of its Italian plants."The ... Read more...

Posted in Business |

In a subdued auto market, Asian companies log growth in July (Roundup)


August 1st, 2012 - 9:01 pm ICT by IANS
Chennai, Aug 1 (IANS) Even as the demand for automobiles remains subdued owing to high interest rates, rising fuel costs and uncertain economic conditions, Asian vehicle makers in general maintained ... Read more...

Posted in Business |

China’s auto sales up nearly three percent


July 11th, 2012 - 9:27 pm ICT by IANS
Beijing, July 11 (IANS) China's automobile sales hit 9.6 million units in the first half of 2012, up 2.93 percent year-on-year, the auto industry association said Wednesday.Sales of passenger vehicles ... Read more...

Posted in Business |

China approves blueprint for green vehicles


April 19th, 2012 - 12:17 am ICT by IANS
Beijing, April 18 (IANS) The Chinese government Wednesday approved a guideline for development of new energy-saving vehicles to ease pressure on the environment.Electric vehicles will be prioritized in the transformation ... Read more...

Posted in Business |

China to use tax cuts to promote green vehicles


March 7th, 2012 - 5:30 pm ICT by IANS
Beijing, March 7 (IANS) China has decided to promote the use of environmentally friendly vehicles and ships by offering tax cuts.Beginning at the start of the year, the country has ... Read more...

Posted in Business |

Maruti ramps up car production to bring down waiting period


February 3rd, 2012 - 10:43 pm ICT by IANS
Kolkata, Feb 3 (IANS) After reporting lower sales for its inability to meet the boom in demand for diesel vehicles, country's leading car maker Maruti Suzuki Friday said it is ... Read more...

Posted in Business |

Volkswagen’s China sales go up in 2011


January 13th, 2012 - 3:32 pm ICT by IANS
Beijing, Jan 13 (IANS) Volkswagen China said Friday that its auto sales rose 17.7 percent year-on-year to hit 2.26 million units in 2011.The figure was 3.4 percentage points higher than ... Read more...

Posted in Business |

Detroit Auto Show 2012 in full swing


January 10th, 2012 - 12:48 am ICT by Aishwarya Bhatt
Washington, Jan 9 (THAINDIAN NEWS) It is said that what does not kill you, makes you strong. That statement is true regarding the US auto market. When the worst recession in the ... Read more...

Posted in World News |

Automakers confident of China market despite slowing sales


November 24th, 2011 - 2:24 pm ICT by IANS
Beijing, Nov 24 (IANS) Senior executives from major automakers attending the ongoing Guangzhou Auto Show have expressed their confidence in China's car market, forecasting an overall growth of 5 to ... Read more...

Posted in Business |

Petrol price cut will not help inflation: Experts


November 16th, 2011 - 5:41 pm ICT by IANS
Kolkata, Nov 16 (IANS) The cut in petrol prices by state-run oil companies will have negligible or marginal impact on the country's economy and will not help the near double-digit ... Read more...

Posted in Business |

Foreign car producers taking control in China


August 24th, 2011 - 12:36 pm ICT by IANS
Beijing, Aug 24 (IANS) Foreign car producers have begun taking control of their joint ventures in China and sidelining their Chinese counterparts from business partners to factory providers, a media ... Read more...

Posted in World |

China’s vehicle sales to hit 23 mn units by 2015


April 19th, 2011 - 5:11 am ICT by IANS
Shanghai, April 19 (IANS) China's annual vehicle sales are expected to hit 23 million units by 2015, a 27-percent increase compared to 2010, a media report said Monday.It was announced ... Read more...

Posted in Business |

General Motors to launch six new car models by 2013


January 28th, 2011 - 12:26 am ICT by IANS
New Delhi, Jan 27 (IANS) Automobile major General Motors Thursday said that it plans to launch six new car models and 14 variants in the Indian market within two years."The company plans ... Read more...

Posted in Business |

Italy’s Fiat dealers in for a sad Christmas


December 24th, 2010 - 11:44 am ICT by IANS
Milan, Dec 24 (IANS/AKI) Holiday shoppers pack the streets around Milan's famous Gothic cathedral shopping centre carrying bags from Gap, Gucci and Prada. But a few blocks away at a Fiat showroom, ... Read more...

Posted in Business |

China to unveil new auto plan, sell 1 mn electric cars


November 23rd, 2010 - 2:51 pm ICT by IANS
Beijing, Nov 23 (IANS) China, the world's largest auto market, will unveil a new plan for its auto industry in December under which it plans to sell one million electric cars annually ... Read more...

Posted in Business |

India is now seventh largest vehicle producing country


September 13th, 2010 - 8:44 pm ICT by IANS
New Delhi, Sep 13 (IANS) India now has become the seventh largest vehicle producing country in the world, a top government official said Monday. "India was projected to become the seventh largest vehicle ... Read more...

Posted in Business |

Rs.1 mn prize for Indian contemporary art, courtesy Skoda


August 17th, 2010 - 6:17 pm ICT by IANS
New Delhi, Aug 17 (IANS) Art and automobile tied a happy knot when Skoda Auto India, the manufacturer of models like Fabia, Laura and Octavia, here Tuesday announced a Rs.1 million prize ... Read more...

Posted in Business |

President Of Toyota Akio Toyoda To Address Press In China


February 28th, 2010 - 11:21 pm ICT by GD
By Meena Kar Tokyo, Feb 28, (THAINDIAN NEWS) After Toyota's massive car recalls from US, the president of the Toyota company Akio Toyoda will address reporters in China on Monday at a Beijing ... Read more...

Posted in Business |

Auto Expo affirms India as global auto industry hub


January 11th, 2010 - 8:50 pm ICT by IANS
New Delhi, Jan 11 (IANS) India's emergence as a major market and a hub for the global auto industry was reinforced at this year's Auto Expo that concluded Monday, which saw the ... Read more...

Posted in Business |

Mercedes-Benz eyes mining sector, buses for growth in Asian market


January 6th, 2010 - 6:01 pm ICT by ANI
New Delhi, Jan 6 (ANI): Mercedes Benz, a unit of Daimler declared on Wednesday that it expects a significant recovery in India's truck and bus segments to drive its growth in Asia's ... Read more...

Posted in National |

Tata Motors eye launching Nano car in U.S


January 6th, 2010 - 3:25 pm ICT by ANI
New Delhi, Jan 6 (ANI): Tata Motors may consider launching its ultra-cheap Nano car in the United States in three years, Group chairman Ratan Tata has said, following possible sales in Europe ... Read more...

Posted in Business |

Mercedes to launch AMG Desert Gold in India


January 6th, 2010 - 3:23 pm ICT by ANI
New Delhi, Jan 6 (ANI): Mercedes-Benz India showcased two new cars--SLS AMG Desert Gold and the hatchback coupe Concept Fascination-- at the ongoing auto expo here on Tuesday.Wilfried Aulbur, Mercedes-Benz India ... Read more...

Posted in Business |

Mercedes-Benz India eyes double digit growth


January 4th, 2010 - 9:03 pm ICT by ANI
New Delhi, Jan 4 (ANI): The Indian arm of Mercedes-Benz, a unit of Daimler, expects to post double-digit sales growth this year, as it launches new models in Asia's fourth-largest auto market, ... Read more...

Posted in National |

Tokyo autoshow to display new electric cars


October 25th, 2009 - 6:05 pm ICT by Aishwarya Bhatt
Tokyo, Oct 25 (THAINDIAN NEWS) Tokyo auto show is all set to start on Wednesday, with press previews starting on Saturday and general visitors can see the show on Saturday too.Automobile major, ... Read more...

Posted in World News |

General Motors launches new sedan ‘Cruze’


October 21st, 2009 - 6:24 pm ICT by IANS
Chennai, Oct 21 (IANS) General Motors (GM) Wednesday launched a new sedan "Cruze" in the Indian market and said its yet unnamed small car will hit the roads in December. "About 72 ... Read more...

Posted in Business |

Americans now want Indian, Chinese cars: survey


July 31st, 2009 - 8:02 pm ICT by IANS
By Arun Kumar Washington, July 31 (IANS) Every fourth new car buyer in the US is now ready to buy the next vehicle from India or China, threatening to challenge the dominance of ... Read more...

Posted in Business |

White House Fact Sheet on Obama Administration’s auto restructuring initiative for General Motors


June 1st, 2009 - 11:24 am ICT by admin
WASHINGTON, D.C. (BNO NEWS) -- On March 30, 2009, President Obama laid out a framework for General Motors to achieve viability that required the Company to rework its business plan, accelerate its ... Read more...

Posted in Business |

Nano launch evokes elation in Delhi


March 24th, 2009 - 7:40 pm ICT by ANI
New Delhi, Mar 24 (ANI): The launch of Nano, the world''s cheapest car, has evoked elation in New Delhi as it promises to fulfill the dreams of many persons of owning ... Read more...

Posted in National |

Worlds cheapest car Nano launched


March 23rd, 2009 - 9:10 pm ICT by ANI
Mumbai, Mar 23 (ANI): Tata Motors much awaited peoples car, Nano was commercially launched here on Monday with a promise to fulfil the expectations of the people under some circumstances. The launch ... Read more...

Posted in National |

Maruti competes with world leaders at Dhaka motor show


March 19th, 2009 - 12:07 pm ICT by IANS
Dhaka, March 19 (IANS) India's Maruti is on display along with major global vehicle makers at the Dhaka motor show, hoping to increase its share in Bangladesh's tiny auto market. Car sales registered ... Read more...

Posted in Business |

Mahindra’s hike stake in South African vehicle venture


March 18th, 2009 - 1:18 pm ICT by IANS
By Fakir Hassen Johannesburg, March 18 (IANS) Indian vehicle manufacturer Mahindra and Mahindra has increased its stake in the joint venture with its South African partner to 90 percent from 51 percent, and ... Read more...

Posted in Business |

Auto sales up in February, but industry remains cautious


March 9th, 2009 - 7:31 pm ICT by IANS
New Delhi, March 9 (IANS) February brought a breather for the country's struggling auto industry, which witnessed a 15-percent year-on-year jump in passenger vehicle- sales and 45 percent growth in the mid-size ... Read more...

Posted in Business |

Bentley Motors to cut 220 jobs


February 11th, 2009 - 2:46 pm ICT by Amrit Rashmisrisethi
On Tuesday Bentley Motors Ltd announced that it would cut down 220 jobs and reduce workers salaries by 10 per cent as the luxury automaker struggles to deal with plummeting demand. The ... Read more...

Posted in Business |

Low cost system cuts emissions, fuel use in cars


January 19th, 2009 - 3:51 pm ICT by IANS
London, Jan 19 (IANS) An European project is developing a compact, fully integrated, low-cost start-stop system to replace conventional alternators in cars and cut down fuel use. This second-generation starter-alternator reversible system ... Read more...

Posted in World |

Over 73,000 killed in road accidents in China last year


January 4th, 2009 - 4:23 pm ICT by IANS
Beijing, Jan 4 (Xinhua) About 73,500 people lost their lives in road accidents in China last year, a drop by 10 percent from a year ago, the ministry of public security said ... Read more...

Posted in World |

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