Baoding: The giant orange robotic arms that swiftly weld together car frames at the Great Wall Motors factory in Baoding might seem like the perfect answer to China's fast-rising labour costs - they don't ask for a raise, get injured or go on strike. For Great Wall, a private sector Chinese car maker that employs 50,000 workers, the Swiss robots and other machinery that line its bright factory floor produce...
11:26 AM, Jun 04, 2012
New Delhi: Auto sales in India moderated in May with the country's largest car makers Maruti Suzuki, General Motors, Ford and TVS Motor posting declines in their numbers due to post-Budget price hikes, high interest rates and rising fuel prices. Hyundai Motor, Tata Motors and Mahindra & Mahindra, however, witnessed sales going up. During the month, the country's largest two-wheeler maker Hero MotoCorp registered its highest ever monthly sales. Maruti...
09:38 PM, Jun 01, 2012
Mumbai: Shares in Tata Motors dropped as much as 11.8 percent on Wednesday, wiping more than $1.5 billion off the value o f the Indian car maker, following deep disappointment about the fall in operating margins at its Jaguar Land Rover unit. The steep decline came even after Tata Motors said on Tuesday fiscal fourth quarter net profit had more than doubled, as it had been driven by a one-off...
03:53 PM, May 30, 2012
Mumbai: The Indian market ended Wednesday' trade on a pessimist note as traders chose to sit on the sidelines ahead of the F&O expiry and Q4 GDP numbers slated for a release on Thursday. European markets slipped too after euro fell to its record low in 23 months as investors worried over Spain's banking problems. After more credit ratings downgrades of Spain and news of European Central bank rejecting Spains...
09:39 AM, May 30, 2012
New Delhi: A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers Maruti Suzuki, Tata Motors and Hyundai Motor on Thursday announced discounts of up to Rs 50,000 on petrol models for a limited period. While the country's largest car maker Maruti Suzuki India has offered a Rs 30,000 discount on its best selling small car Alto in order to stop...
07:59 PM, May 24, 2012
Cannes: Cars talk, a man is married to a monkey and Kylie Minogue contemplates suicide in 'Holy Motors', easily the oddest movie in competition at the Cannes film festival screened so far this year. Directed by French film maker Leos Carax, the story follows Mr. Oscar, a man who spends each day living 10 different lives, each mapped out for him in a dossier left in the back seat of...
01:10 PM, May 24, 2012
New Delhi: The automobile industry has hit out at the petrol price hike saying the increase will hurt the sector which is already reeling under a slump. "Petrol cars are not selling as such already. With this record hike, the situation will go from bad to worse," Society of Indian Automobile Manufacturers (SIAM) Senior Director Sugato Sen said. In the short-term, sales will be further impacted while in the long...
08:21 PM, May 23, 2012
Kolkata: West Bengal Chief Minister on Saturday described her first year in office as a success story barring her failure to return land taken from unwilling farmers for the Tata Motors project. "Our only disappointment is the inability to return the land to the unwilling farmers of Singur. As the matter is sub-judice, we cannot give back the land. This is the biggest pain and disappointment that I have," Banerjee...
02:28 AM, May 20, 2012
Detroit/New York: Facebook may only have itself to blame for why General Motors rained on its IPO parade this week. GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook's strategy and illustrated doubts about its perceived advantage over traditional media. GM's decision followed Facebook officials' failure to convince top marketing executives at the US automaker of the benefits...
02:06 PM, May 18, 2012
New York/London General Motors Inc's decision to stop advertising on Facebook may be a wake-up call for the No. 1 social network, but top advertising executives say it's far too early to know if the site will take off as an advertising platform. "There's a lot of potential but it's not a slam-dunk," said Martin Sorrell, chief executive of WPP Plc, the world's largest advertising agency. "Showing the impact of...
12:55 PM, May 18, 2012
Detroit/San Francisco: General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public, with a source familiar with the matter saying the automaker had decided Facebook's ads had little impact on consumers. The decision by GM, the third-largest advertiser in the United States, marks the first highly visible crack in Facebook's strategy and underscores doubts about whether advertising on...
02:31 PM, May 16, 2012
Hindustan Motors Limited which hardly had any big launches in 2011 has already launched two vehicles in the first quarter of 2012. And now, the third product is a refreshed Montero. The key changes include a new chrome radiator grille, body coloured front bumper, new stitch design on the leather seats and upgrades to the power window panels. Lending a chic ambience to the interiors is a new illumination theme....
06:59 PM, Apr 19, 2012
New Delhi: Car maker Hindustan Motors cut the prices of sedan Cedia of its Japanese partner Mitsubishi's portfolio by Rs 1.31 lakh with immediate effect. The car, which was earlier priced at Rs 9.30 lakh, will now be available for Rs 7.99 lakh (ex-showroom, Delhi). "In order to boost our sales, we have decided to cut the prices of Cedia. We have not launched any strip down version, but the...
10:48 AM, Apr 17, 2012
New Delhi: Car sales in India rose just 2.2 percent in the fiscal year that ended in March, a year to forget for automakers marked by demand-smothering high interest rates and rising fuel costs, but are seen posting double-digit growth this year. Sales rose an annual 19.7 percent in March, a fifth straight monthly increase, but still lower than the 30 percent growth seen in the 2010/11 fiscal year, before...
05:51 PM, Apr 10, 2012
Four companies are battling for the largest ever public-private partnership project to build a light armoured carrier for the Indian Army"the Future Infantry Combat Vehicle (FICV). The Army needs about 2,600 such vehicles over 20 years. All four bidders"Tata Motors, Mahindra Defence Systems, L&T and the government-owned Ordnance Factory Board (OFB)"have presented their designs and the evaluation is set to move to the final phase within a month. The Rs...
12:07 PM, Apr 09, 2012
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