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  • Darjeeling blast: Bimal Gurung writes Rajnath Singh for NIA probe with supreme court monitoring
  • Trump, first lady will not attend Kennedy Center Honors -White House
  • 23 killed, 400 injured in Kalinga Utkal Express accident
  • Richarlison, Capoue lead Watford to win at Bournemouth
  • Mane strikes as Liverpool scrape 1-0 win over Palace
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  • Mehbooba announces release of Rs 10 cr for LAHDC Kargil
  • Mehbooba hopes PM’s Kashmir remark would encourage pleasant change
  • Girish Chodankar supports observations made by church-run magazine
  • Shah speaks of 'time limit' for MP’s bigwigs
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  • Prez condoles deaths in train derailment in UP
  • Congress lacks capability to provide alternative: JD (U)
  • Kashmir situation deteriorated in 3 yrs of BJP rule: J&K Congress
  • Mehbooba visits Kargil to rousing reception
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

India

India to go long way for full-fledged electric vehicles: HCIL

Lucknow, Aug 18 (UNI) Honda Cars India Ltd (HCIL), leading manufacturer of passenger cars, has claimed that there is a long way to go in the country for full fledged electric vehicles.

Maruti

Maruti India launches new sporty version Ciaz S

New Delhi, Aug 17 (UNI) Maruti Suzuki India today launched new sporty version of sedan Ciaz S at a starting price of Rs 9.

Mercedes-Benz

Mercedes-Benz commemorates 70 years of Indian Independence with launch of GLC'Celebration Edition'

Mumbai, Aug 14(UNI) Luxury car maker Mercedes-Benz today announced the launch of a special GLC 'Celebration Edition ' to mark the 70th anniversary of India's Independence and also the successful run of the GLC in the Indian market, since its debut in June 2016.

Suzuki

Suzuki unveils Gixxer SF ABS at Rs 95499

New Delhi, Aug 11 (UNI) Augmenting expansion in motorcycles segment, Japanese two-wheeler manufacturer Suzuki today unveiled Gixxer SF ABS (with Anti-lock Brake System) at Rs 95,499 in the capital.

Mercedes-AMG

Mercedes-AMG GT R clocks fastest lap at Buddh International Circuit

New Delhi, Aug 11 (UNI) Just ahead of its India debut on 21st August, Mercedes-AMG’s latest sportscar for Indian customers, created the ‘fastest ever lap’ by any production car at country’s famed F1 circuit, the Buddh International Circuit.

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.

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