AUTOMAKERS

  • GM recalls more than 27,000 Cadillac crossover vehicles May 23, 2013

    New York: General Motors Co is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels have separated from the sport utility...
  • Car sales in February at 12 year low, plunges by 25.7 pc March 11, 2013

    New Delhi: Car sales in India slumped an annual 25.7 per cent in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide, an industry body said on Monday, as sluggish economic growth continues to weigh on demand in the once-booming market. Automakers sold 158,513 cars...
  • Toyota dethrones General Motors, becomes world's #1 automaker January 29, 2013

    Tokyo: It's official: Toyota is once again the world's top automaker. Toyota Motor Corp. released its tally for global vehicle sales for last year Monday at a record 9.748 million vehicles more than last month's estimate of about 9.7 million vehicles. It was already clear Toyota had dethroned General...
  • Automakers see brighter side in move to hike diesel prices January 17, 2013

    New Delhi: Automakers on Thursday said the government decision to allow "small" hikes in diesel prices was a step in the right direction although it could have some impact on sales. While car market leader Maruti Suzuki India (MSI) said the move will not have any impact on its Rs...
  • New rules to force automakers to double mileage August 29, 2012

    Washington: The Obama administration has finalised regulations that will force automakers to nearly double the average gas mileage of all new cars and trucks they sell by 2025. The rules mean that all new vehicles would have to get an average of 54.5 miles per gallon in 13 years, up from...
  • GM files for bankruptcy protection June 1, 2009

    Detroit/Washington: General Motors Corp filed for bankruptcy on Monday, forcing the 100yearold automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership. The bankruptcy filing is the thirdlargest in US history and the largest ever in US manufacturing. The decision...
  • Chrysler runs out of gas, files for bankruptcy May 1, 2009

    Detroit/Washington: Chrysler LLC filed for bankruptcy on Thursday and announced an industrychanging deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt. Despite weeks of intense negotiations, Chrysler failed to gain full support from its lenders to avoid the firstever bankruptcy filing...
  • GM chief quits, US govt takes over automaker March 30, 2009

    Washington: The Obama administration on Monday seized the wheel of the failing US auto industry, forcing the ouster of General Motors Corp's chief executive, pushing Chrysler LLC toward a merger and threatening bankruptcy for both. The steps, outlined by the White House autos panel headed by former investment banker Steve Rattner,...
  • Maruti hints at production cut, hopes '09 brings cheer December 24, 2008

    Mumbai: Maruti Suzuki Ltd, the countrys largest carmaker, has admitted that it has not achieved the growth planned for 2008 and it may cut production. Maruti chairperson R C Bhargava told CNNIBN the companys growth was flat till October and came down slightly in November. I dont think we are very...
  • Maruti upbeat says it will overcome recession December 17, 2008

    Maruti chairperson R C Bhargava outlines automaker's vision in silver jubilee year. ...
  • Car costs to go down, makers welcome stimulus package December 7, 2008

    Chennai: Welcoming the four per cent central valueadded tax cut, announced by the government Sunday in a Rs.20,000 crore stimulus package, major auto makers said they will soon cut prices of vehicles. "As per my understanding, all car prices are likely to come down by four percent," was the immediate response...
  • Govt pumps in Rs 20,000 crore to boost economy December 7, 2008

    New Delhi: The Government on Sunday announced a Rs 20,000 crore fiscal stimulus package to boost the economy, but a dissatisfied India Inc said there isn't much to cheer about. The measures proposed under the package include: A 4 per cent cut in Cenvat rate on nonpetroleum products An additional Rs 350...
  • Govt to give Rs 75,000 crore boost to economy December 5, 2008

    New Delhi: A Rs 75,000 crore booster shot for the Indian economy is what the Government is estimated to shell out in phases to maintain growth and bail out sectors hit hard by the global recession. Commerce Minister Kamal Nath said, "The Government is looking at an ecomomic...
  • Automakers promise US congress returns for loans December 4, 2008

    The Big Three automakers are promising Congress they will slim down and build fuelefficient cars in exchange for taxpayer loans. But does Congress have the votes for a bailout? Kate Bolduan reports. ...
  • Tata Motors' Jamshedpur plant shut for 5 days November 23, 2008

    Ranchi: Tata Motors will shut down its Jamshedpur unit for five days for the second time this month from November 25, a spokesperson for the company said Sunday. The shutdown is attributed to slump in sales orders. "The Tata Motors Jamshedpur unit will be closed down for five days from November 2529,"...
  • Automaker Bajaj's profit down by Rs 15 crore July 10, 2008

    Mumbai: Bajaj Holdings and Investment, the company formed out of demerging Bajaj Auto, has reported lower net profit of Rs 15 crore during the first quarter of the current financial year compared to Rs 55 crore in the same period last year on a stand alone basis. Income from operations was...
  • Oil prices hit automakers; GM closing truck, SUV plants June 3, 2008

    New Delhi: High crude prices have hit the auto makers hard. General Motors is shutting down its pickup and SUV plants in the US, Canada and Mexico in the next two years. Each plant has over 2,500 employees. GM is also looking at selling its popular Hummer brand thats because...