General Motors is to reduce its Opel workforce in Europe by about 9,000, the US car company's new chief executive for Europe, Nick Reilly, said Wednesday in Germany on a tour to meet political and labour leaders..
The parent company of German sports-car maker Porsche declared a massive loss Wednesday, but it said the manufacture of its iconic cars was still profitable..
Tata Motors chief Ravi Kant has said green technologies being embraced by Jaguar Land Rover (JLR) can help a key British manufacturing region avoid the fate of Detroit - home of the declining American auto industry..
Fiat India plans to launch its first compressed natural gas (CNG)-run car for the domestic market in the April-June quarter of 2010, a top company official said in Kolkata on Tuesday..
The new small car being developed by Hyundai Motor in South Korea on a Rs.800-crore investment will not impact the group's image adversely, say officials of the company's Indian subsidiary..
GE Capital Monday signed an agreement with Jaguar Land Rover (JLR), the UK-based subsidiary of India's Tata Motors, to provide a working capital facility of up to 170 million pounds (over Rs.1,300 crore) for a five-year term..
The festive season gave an impetus to passenger car sales, which grew almost 34 percent in October from the like period last year, a rate of increase not seen in over two years, according to data published on Wednesday..
The government is considering a special package for the crisis-hit engineering sector, Minister of State for Commerce and Industry Jyotiraditya M. Scindia said in New Delhi on Tuesday..
German leaders were left licking their wounds on Wednesday after the U-turn by General Motors (GM) over the sale of its ailing subsidiary Opel triggered "shock and annoyance", as well as concern amongst staff across Europe.
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