Saturday, Oct 21 2017 | Time 21:12 Hrs(IST)
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  • 2 killed in accident in Firozabad
  • Twitterati viral with comments on GST controversy in Mersel
  • Anganwadi workers postpone their 40 day dharna, will stage dharna at Jantar Mantar on Nov 17
  • Jitendra Singh reviews mega developmental projects status in Ramban
  • Chava Sanghatna threatens street protest over MSRTC employees issues
  • ....
  • Over 100 new water supply schemes coming up in Jammu province
  • Man faked hair chopping to instigate violence in Anantnag: Police
  • 3 from PoK, 1 Bangladesh juvenile inmates lodged in Jammu Juvenile Home
  • Around 71 tonnes of paddy procured in Punjab
  • Omar takes dig at EC for delaying announcement for Gujarat polls
  • SAD core committee rejects fraudulent notification on farmer debt
  • Clashes in Srinagar against braid chopping, youth injured
  • Centre, Air India deliberately giving step motherly treatment to Amritsar, Punjabis: Aujla
  • Police traces minor boy missing since Oct 14 to Jammu
AUTOWORLD Share

General Motors to stop selling cars in India

General Motors to stop selling cars in India

New Delhi, May 18 (UNI) Aiming to drive stronger financial performance, leading global auto maker General Motors Company today announced that it will stop its sales operations in India and focus on exports from the world’s fastest growing passenger vehicle market. 'The company will focus its GM India manufacturing operations on producing vehicles for export only...,' GM International said in a statement. Existing Chevrolet customers will continue to be supported in the market, the company said. Across affected markets, GM is working with employees, their union representatives and local authorities to provide transition support. The company also said that it will offload its South Africa manufacturing to Isuzu Motors. GM’s Chevrolet brand will be phased out of both markets by the end of 2017, the company said. 'As the industry continues to change, we are transforming our business, establishing GM as a more focused and disciplined company,' said company’s chairman and chief executive Mary Barra in a statement. 'Globally, we are now in the right markets to drive profitability, strengthen our business performance and capitalize on growth opportunities for the long term. We will continue to optimize our operations market to further improve our competitiveness and cost base,' she said. These decisions were made following an extensive review of operations in GM International markets and reflect a series of actions taken to improve global business performance that began in late 2013, the company said. 'In India, our exports have tripled over the past year, and this will remain our focus going forward,' he said. 'We determined that the increased investment required for an extensive and flexible product portfolio would not deliver a leadership position or long-term profitability in the domestic market,' said GM’s executive vice-president and president for GM International Stefan Jacoby. GM’s manufacturing facility at Talegaon will continue as an export hub for Mexico and Central and South American markets. UNI ASH AE 1511

Maruti’s

Maruti’s new Dzire crosses 1 lakh sales mark in 5 and half month

Mumbai, Oct 17(UNI)Auto Major,Maruti Suzuki’s all-new Dzire has achieved the fastest 1-lakh sales mark, a distinctive feat in the Indian automobile industry.

Ford's

Ford's China sales stuck in first gear as rivals overtake

BEIJING, Oct 13 (Reuters) Ford Motor Co saw its China vehicle sales make the barest of increases in September, extending a tough run in the world's largest auto market even as global rivals have logged robust gains.

Toyota

Toyota seeking to halve Japan car models as domestic market shrinks

TOKYO, Oct 12 (Reuters) Toyota Motor Corp is aiming to halve the number of car models it sells at home by 2025, a person briefed on the matter said - the second time this month that a Japanese automaker has emerged with plans to sharply scale back in a shrinking domestic market.

Volvo

Volvo launches 1st locally-assembled 'XC90' from its plant in Bengaluru

Mumbai, Oct 11 (UNI) Volvo Cars, the Swedish luxury car maker, has rolled out its first assembled car from its plant in Bengaluru.

Volkswagen

Volkswagen launches all New Passat starting at Rs 29.99 lakhs

New Delhi, Oct 10 (UNI) Volkswagen, Europe’s leading car manufacturer, today announces the launch of the much awaited luxury sedan Volkswagen Passat at a starting price of Rs 29.

Passenger

Passenger vehicle sales up by 11pc in domestic market in Sept 2017

New Delhi, Oct 9 (UNI) The Domestic passenger vehicle sales growth has been recorded up by 11 per cent to 3,09,955 units in September from 2,78,428 in the same month last year.

Honda faces long haul to recoup jet costs

Honda faces long haul to recoup jet costs

TOKYO, Mar 27 (Reuters) After three decades building an airplane from scratch, Michimasa Fujino, 56, chief engineer of the Hondajet, might have to reach a ripe old age to see Honda Motor Co's pet aviation project recoup its development costs.

Escorts unveils country’s first electric tractor concept, Launches Hydrostatic tractor

Escorts unveils country’s first electric tractor concept, Launches Hydrostatic tractor

New Delhi, Sep 6 (UNI) Escorts Ltd, India’s leading engineering conglomerate today launched India’s first Electric & Hydrostatic concept tractor and an expanded global portfolio of tractors for the export and domestic market in 22HP to 90 HP range under flagship brands Farmtrac and Powertrac compliant with tier 4 emission norms of Europe and America amidst 43 International distributors.

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