Lack of finance and a large inventory stockpile have forced truck majors to sharply cut production of medium and heavy commercial vehicles ( M&HCVs) since September. In addition, the move also reflects subdued customer sentiment, which has resulted in purchases being deferred.
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Economic Times

The Tatas must return the land at Singur as they had withdrawn the Nano project, the ruling Left Front said on Thursday and urged the West Bengal government to take steps for setting up alternative industries at the site.
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Economic Times

Taking a cue from passenger car market leader Maruti Suzuki India (MSI), a host of automobile majors like Mahindra & Mahindra (M&M), Honda Siel, Eicher and Hero Honda are mulling a price hike. According to auto industry sources, the reason this time too is rising steel prices.
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Economic Times

Struggling US auto giant General Motors dismissed a Japanese news report on Wednesday that it has asked rival Toyota for help as "pure spec
ulation."
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Economic Times

Volkswagen AG is considering slowing production at the end of this year by closing down extra days around Christmas and New Years.


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Economic Times

General Motors Corp and Cerberus Capital Management have resolved the major issues in a proposed GM-Chrysler merger but the final form of any deal will depend on the financing and government support available, sources familiar with the talks said on Wednesday.

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Economic Times

DETROIT, Michigan: Struggling US auto giant General Motors dismissed as "pure speculation" a report on Wednesday that it had asked Japanese rival
Toyota Motor Corp for help to revive its business.
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Times of India

The shelving of GM's EV1 project has widely been thought of, and accepted by the GM top brass as one of the company's biggest mistakes. The EV1 was t
he first ever production electric car manufactured and marketed by a major automaker....

Economic Times

As if the devolvement of Tata Motors’ Rs 4,200-crore twin rights issue wasn’t bad enough, the company now looks all set to miss its original Nano rollout deadline of October-December 2008. In fact, Tata Motors is making a desperate bid to launch the Nano during the January-March 2009 quarter.

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Economic Times

The name Volvo rings a bell among many Indians, especially in the area of public transport and goods haulage thanks to the Swedish commercial vehicle
major having set up a successful truck and bus division in this country. What many however do not know is that it has a thriving car division which rubs shoulders with the BMWMercedes-Benz set abroad and is also revered for its safety engineering achievements.

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Economic Times