The ride is set to get bumpier for car buyers. For the third time this year, car prices are slated for a mark up. According to carmakers, the two hikes this year were too small to counter the rapid rise in raw material costs. Prices are expected to increase by up to Rs 5,000 for mid-segment cars and up to Rs 12,000 for the bigger saloons and SUVs....

Economic Times

General Motors Corp and an organization representing US utilities are set to announce a partnership to prepare for the widespread sale of plug-in electric cars, people familiar with the plans said on Friday.
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Economic Times

In a trend setting move, Tata Motors, India’s largest automobile firm is hiving off its sales and distribution operations into a separate entity, as part of a restructuring exercise. The development comes at a time when the company is readying to launch the worlds ultra cheap car Nano.
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Economic Times

This year, in 135 days of trading till Wednesday, the Sensex has lost over 7,700 points. In this downhill ride, it has been whizzing up and down like a yo-yo, on almost a day-to-day basis. In the past six and a half months, the Sensex has risen by over 200 points on 31 days and fallen by such margins on 33 days...

Times of India

More than 80 percent of Americans who intend to buy a new car would abandon their plans if the automaker behind the brand filed for bankruptcy, according to a study released on Wednesday.
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Economic Times

Despite one of the worst downturns in US auto industry history, Volkswagen AG is expanding its US presence and looking to grab a bigger slice of the country's market as part of its plan to become the world's No 2 automaker.
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Economic Times

The Bajaj-Renault-Nissan alliance could extend beyond the ‘ultra low-cost car’ (ULC) to include a range of electric vehicles....

Economic Times

General Motors Corp on Tuesday announced a plan to cut costs by $10 billion, suspend its common stock dividend and sell up to $4 billion in assets in a bid to shore up cash and survive a deep industry slump.

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Economic Times

General Motors Corp will reduce spending on motorsports sponsorships as it cuts costs in an attempt to survive a sharp decline in industry sales, a top executive for the US automaker said on Tuesday.
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Economic Times

Tata Motors, which has been awash with Nano-related queries from across global markets, is mulling the licensing route for mass manufacturing the Nano overseas. The company has received enquiries from undisclosed car makers in the US, Latin America, Europe and South-East Asia for manufacturing and marketing Nano in these countries.

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Economic Times