Saturday, Jun 24 2017 | Time 12:38 Hrs(IST)
image
  • UN honours India for advancing SDGs
  • Tripura, Mizoram get new postal region having HQs at Agartala
  • Warm morning in Delhi
  • Miscreants lob petrol bomb on AIADMK Councillor's house in TN
  • CM urges Centre to rescue fishermen from Sri Lanka
  • 3 more arrested, 7 more identified in DSP Ayub's murder case
  • Tripura couple arrested at Agartala airport with 1.36 kg gold
  • ....
  • Miscreants lob petrol bomb on AIADMK Councillor in TN
  • Sensex up by 81 pts during the week
  • Kovind to start campaigning for Prez post from UP tomorrow
  • CM greets Muslims on ID
  • Landslide buries mountain village in SW China, fears for 141 people
  • Huddersfield sign striker Depoitre for club record fee
  • Huddersfield sign striker Depoitre for club record fee
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

Volvo

Volvo Cars relaunches Polestar as standalone electric car brand

STOCKHOLM, Jun 21 (Reuters) Geely-owned automaker Volvo Cars will make its Polestar Performance business a standalone brand within the group, focusing on electric cars, the company said on Wednesday.

VW's

VW's Slovak workers strike over pay, denting production

By Tatiana Jancarikova BRATISLAVA, Jun 20 (Reuters) Workers at Volkswagen's Slovak plants went on strike today over demands for a bigger wage rise, hitting a key part of the central European country's manufacturing output.

Ashok

Ashok Leyland to further strengthen its market in North through iEGR tech for BS4 engines

New Delhi, Jun 16 (UNI) Ashok Leyland, flagship company of the Hinduja Group, and the 2nd largest commercial vehicle (CV) manufacturer in India, today showcased its range of future ready products, based on indigenously developed, Intelligent Exhaust Gas Recirculation (iEGR) technology, and innovative industry-leading services at its Zonal Conference 2017.

Wheels

Wheels India announces strategic pact with Topy Industries of Japan

Chennai, Jun 16 (UNI) Wheels India Limited (WIL) and the Japanese based Topy Industries Limited (Topy) today reached an agreement regarding a strategic partnership in the passenger car steel wheels business in India.

European

European car sales rise 7 point 7 pct in May, nearing pre-crisis levels

MILAN, Jun 16 (Reuters) European car sales rose 7 point 7 percent in May from the same month a year ago, industry data showed today, returning to growth after a dip in April and with nearly all auto manufacturers recording sales increases.

Ashok Leyland to further strengthen its market in North through iEGR tech for BS4 engines

Ashok Leyland to further strengthen its market in North through iEGR tech for BS4 engines

New Delhi, Jun 16 (UNI) Ashok Leyland, flagship company of the Hinduja Group, and the 2nd largest commercial vehicle (CV) manufacturer in India, today showcased its range of future ready products, based on indigenously developed, Intelligent Exhaust Gas Recirculation (iEGR) technology, and innovative industry-leading services at its Zonal Conference 2017.

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.

Auto Industry registers 8.39pc growth in April-May’ 17

Auto Industry registers 8.39pc growth in April-May’ 17

New Delhi, Jun 9 (UNI) Auto Industry Continues to Grow with satisfactory rate as the it produced a total 4,675,407 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-May 2017 as against 4,313,445 in April- May 2016, registering a growth of 8.

Ashok Leyland to further strengthen its market in North through iEGR tech for BS4 engines

Ashok Leyland to further strengthen its market in North through iEGR tech for BS4 engines

New Delhi, Jun 16 (UNI) Ashok Leyland, flagship company of the Hinduja Group, and the 2nd largest commercial vehicle (CV) manufacturer in India, today showcased its range of future ready products, based on indigenously developed, Intelligent Exhaust Gas Recirculation (iEGR) technology, and innovative industry-leading services at its Zonal Conference 2017.

BMW says shortage of parts from Bosch hampers production

BMW says shortage of parts from Bosch hampers production

FRANKFURT, May 29 (Reuters) German carmaker BMW said a shortage of steering gears supplied by Robert Bosch slowed production of its 1 series, 2 series, 3 series and 4 series BMW models and caused stoppages at its plants in South Africa and China.

image