Truckers across the country will go on an indefinite strike from Tuesday midnight to push their demand for abolishment of toll tax and rationalisation of duty of diesel, the transporters’ apex body said on Tuesday.
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Economic Times

Beating the fuel prices blues, automobile industry continued to show signs of recovery from last year's downturn with major companies, led by Hyundai and Maruti along with Hero Honda and Bajaj Auto, reporting jumps in their sales during June.
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Economic Times

Amtek Auto is learnt to have emerged as the front runner for the Frankfurt-based KSM Castings, a supplier of light metal casting products for the automotive industry.
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Economic Times

Toyota Motor Corp plans to begin building and selling a hybrid version of its Camry sedan in China in 2010, according to a report in the Tuesday edition of Japanese newspaper Nihon Keizai Shimbun.

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Economic Times

Hydrogen-powered cars will not be commercially available on a large scale before 2020, a senior official from Japanese auto maker Mazda said on Monday in Spain at an international oil conference.

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Economic Times

Ford Motor Co has had exploratory talks with French automaker Renault SA to sell Volvo, but the talks ended quickly due to price differences, sources familiar with the matter told reporters.
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Economic Times

Even as truck majors like Tata Motors and Ashok Leyland are going for a price hike, third since January, they are learnt to have resisted any price hike from component players that supply tipper and body parts to the commercial vehicle makers.
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Economic Times

For analysts weighing the odds of survival for the embattled US automakers, two measures now loom largest: remaining cash and time remaining until 2010. With US auto sales at 15-year lows, General Motors Corp, Ford Motor Co and Chrysler LLC have been forced to rewrite restructuring plans on the fly in recent weeks by slashing production of slow-selling trucks.

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Economic Times

Homegrown auto major Mahindra & Mahindra's used car business arm FirstChoice Wheels plans to invest Rs 200 crore in the next five years for its expansion while its looking to go public in the coming three years.
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Economic Times

Prices of flat and long steel products have plunged by up to 14% in May following government's measures to control inflation in the steel sector, says a latest report of the steel ministry.

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Economic Times