General Motors Corp, aiming to boost sagging sales, rolled out a major promotion for US dealers on Monday that includes employee-level discounts on almost all the Chevrolet cars and trucks in its showrooms.

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Economic Times

Residents in Singur in West Bengal, who were once unhappy with setting up of the Tata factory in their area, are today thanking the authorities for having opened up new earning avenues for them.
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Economic Times

The government is considering a proposal to consolidate auto component manufacturing units in Andhra Pradesh, Karnataka, Kerala and Tamil Nadu into hubs through a range of sops including affordable land, cheaper electricity and other infrastructure. Vishakhapatnam, Coimbatore and Cochin have been identified as locations for auto component clusters.
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Economic Times

The next time you notice a jazzed-up low-rider car with a powerful engine on the roads, take a close, hard look. It may be a classic like a Volkswagen Beetle or a Chevy Biscayne, but with a sparkling new engine under the hood.
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Economic Times

Auto components maker Amtek Auto Ltd said on Wednesday it has signed a joint venture agreement with Michigan's FormTech Industries LLC to set up a automotive forgings manufacturing unit.
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Economic Times

Auto component maker Minda Industries (MIL) is bidding for Vimercati, an Italian full-service switch products supplier, which supplies automotive switches to car majors like BMW, General Motors and Fiat in the European market. The transaction is being valued at around $50-55 million, sources said....

Economic Times

General Motors (GM) chief Rick Wagoner said there was significant interest in the auto maker’s planned sale of up to $4 billion of assets as it battles record losses and falling sales, but no deals were expected soon.
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Economic Times

Tyre makers and other rubber users have asked the government to scrap the anti-dumping duty on synthetic rubber and curb exports of natural rubber to tame high prices that are crippling the industry, officials said. Prices of all the raw materials like natural rubber, carbon black, rubber chemicals have gone up. The industry is in bad shape and under tremendous pressure, said MF Vohra, president, All India Rubber Industries Association (AIRIA), an apex body of both tyremakers and other users of the commodity.
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Economic Times

Leading German tyre-maker Continental on Monday said it is studying the Indian tyre market and exploring the feasibility of setting up a manufacturing unit here.

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Economic Times

Fair trade regulator MRTPC has started judicial proceedings against tyre manufacturer MRF for allegedly making false claims for its products regarding mileage in advertising campaigns.
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Economic Times