Carmakers

  • Google's self-driving cars: 5 things to know April 29, 2014

    Los Angeles: The director of Google's self-driving car project wrote in a blog post that development of the technology has entered a new stage: trying to master driving on city streets. Many times more complex than freeways, which the cars can now reliably navigate, city streets represent a huge challenge. Here...
  • Overdrive: Review of BMW 1 Series August 17, 2013

    On this episode of Overdrive, we review the all new BMW 1 Series, all the world motoring news and much more. ...
  • Overdrive: Review of Mercedes E63 AMG August 3, 2013

    German luxury carmaker Mercedes-Benz has launched its premium sedan E63 AMG, priced at Rs. 1.29 crore (ex-showroom Delhi). E-63 AMG is based on the new E-Class. ...
  • Record floods reach Budapest, Suzuki halts plant June 10, 2013

    Budapest: The river Danube was set to reach record levels in Budapest on Sunday night and dikes have been strengthened at critical points to protect the capital from flooding, Prime Minister Viktor Orban said. Tens of thousands of people have been forced to leave their homes and there have been at...
  • Luxury carmakers chase the young, female and frugal April 23, 2013

    Mumbai: Luxury carmakers in India are moving downmarket and shifting production of smaller and cheaper cars to local plants to cut costs, broadening their target market to include young, female and middle-class drivers to boost lacklustre performance. In an effort to raise stuttering sales that far lag emerging Asian rival China,...
  • Toyota to recall 1.73 million vehicles worldwide April 11, 2013

    Tokyo: Toyota Motor Corp said on Thursday that it is recalling 1.73 million vehicles worldwide due to an airbag problem. Japanese auto parts maker Takata Corp spokesman Toyohiro Hishikawa said the company supplied the airbags related to the recalls. ...
  • Honda to spend Rs 25 billion in Rajasthan plant April 3, 2013

    New Delhi: Honda Motor Co will spend Rs 25 billion on a 120,000 cars-per-year plant in India, a senior executive said, as the Japanese carmaker looks to ramp up its activity in the country after splitting from its former partner. Honda will roll out its first car from the plant in...
  • Hyundai India raises vehicle prices February 1, 2013

    Mumbai: Hyundai Motor Co's India unit, the country's second biggest carmaker, said it raised vehicle prices by up to Rs 20,878 due to an increase in input costs and currency fluctuations. Many companies in India, including No.1 carmaker Maruti Suzuki Ltd and the local unit of General Motors Co, have hiked...
  • Car sales fall 8 per cent in November, outlook grim December 10, 2012

    New Delhi: Car sales in India slumped 8 per cent in November, dashing hopes of a sustained revival in demand, as an expected festive season boom failed to materialise in a key growth market for global carmakers. A gloomy economic growth outlook, high interest rates and rising ownership costs have curbed...
  • Chrysler runs out of gas, files for bankruptcy May 1, 2009

    Detroit/Washington: Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing 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 first-ever bankruptcy filing...
  • Second stimulus package to help exporters, banks January 2, 2009

    New Delhi: The Government on Friday announced its second fiscal stimulus package with sector-specific steps to counter the impact of global slowdown on the country's economy, including the doubling of cap on foreign funds to invest in bond markets. The package came soon after the central bank cut the reverse-repurchase and...
  • Stimulus effect: Car companies cut prices across models December 9, 2008

    Chennai: A day after the government announced four percent cut in central value-added tax (Cenvat), auto majors in the country, including market leader Maruti Suzuki India, Monday slashed prices of their vehicles to pass on the benefit to consumers. Maruti Suzuki said in a statement that the price of...
  • Top three US car makers seek $34 bn bailout December 3, 2008

    New York: Facing imminent bankruptcy, the top three American automobile majors - General Motors, Chrysler and Ford - have sought a $34 billion bailout package from the US Congress. In return, they have promised to be more efficient, cut thousands of jobs, trim down brands and reduce salaries of...
  • Toyota Motor Corp to axe 3,000 jobs in Japan November 22, 2008

    New Delhi: Japan's biggest carmaker, Toyota Motor Corp, is all set to axe three thousand jobs in Japan. . According to Toyota's spokesman,Toyota will cut its domestic temporary workforce by 50 per cent as vehicle demand slumps. On Thursday, two other Japanese automakers,Mazda Corp and Isuzu Motors Ltd had announced a combined...
  • Maruti bets big on its new baby A-Star November 19, 2008

    New Delhi: Maruti Suzuki, India's largest car maker is betting big on its new offering, A star. It is in competition to Hyundai's i-10 and the carmaker hopes it will buck the trend of flagging sales. In the last few months, Maruti's small car sales haven’t been good. In...
  • Nissan revs up, to launch 60 models by 2012 May 14, 2008

    Mumbai: Nissan, the world’s third largest carmaker, is thinking small. It plans a fresh offensive on the world’s small car market. Nissan is absent from 21 per cent of the global automobile market, and under its latest five-year business plan it wants to cover those markets with presence in nearly every...
  • Car makers doling out discounts June 17, 2007

    New Delhi: All those students preparing to zoom their way into the future with those big pay packets might want to take a look at this. Car makers are doling out freebies-galore to boost sales ahead of the year end. Unlike last year, The Finance Minister's Budget speech left car...
  • Japanese carmaker eyeing Indian mkt August 24, 2006

    New Delhi: Japanese carmaker Nissan has raced beyond passenger cars. It's preparing to enter India's fast growing light commercial vehicle market. Nissan is keen to enter almost every segment of India's vehicle market, and that includes the light commercial segment. The company, which enjoys about 45 per cent of the...