Rising inflation and slowing demand have forced carmakers to change their strategies. The first to fall in line is General Motors India (GMI), which has announced a special offer price of Rs 2.66 lakh (ex-showroom, Delhi) for its small car Chevrolet Spark.

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Economic Times

The three-day old truckers strike has been called off following an agreement between the transporters and the government after a marathon negotiation that lasted for over eight hours.
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Economic Times

Suzuki Motor Corp said on Thursday it would recall about 245,000 minivehicles in Japan after it received reports of malfunctions with electric wiring....

Economic Times

deepening slump in US auto sales this year has already forced investors and automakers to abandon hopes for a second-half recovery. Now some analysts are painting an even more dire picture for 2009. The world's largest auto market is reeling from an unprecedented combination of record gas prices, tighter credit and a housing market collapse.
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Economic Times

Nano, India’s most eagerly-awaited car, might be launched without much fanfare. Blame it on inflation as Tata Motors and other carmakers are slashing or are in the process of reducing spending on publicity and advertising.

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Economic Times

General Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the US auto market continues to slump, Merrill Lynch said.

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Economic Times

Iran on Wednesday refused to follow Saudi Arabia in raising its crude production to calm volatility in the international oil markets, even as it remained ambivalent on whether Tehran will use oil as a weapon to retaliate if its nuclear installations came under attack from Israel.

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Times of India

Tata Motors, India’s largest maker of cars and trucks is working on new variants of its Rs 1 lakh car Nano to overcome challenges posed by high fuel prices, which could affect car sales, company chairman Ratan Tata has said.

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Economic Times

Automakers hit more bumps in the road in June as US sales fell precipitously, and manufacturers failed to adapt to a shift in demand to more fuel-efficient cars, company reports showed Tuesday.
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Economic Times

Kinetic Engineering on Monday said it will start supplying component for Tata Motors' small car project within the next two months.
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Economic Times