It could well be the most sought-after stretch of land in India. Five global car majors, two commercial vehicle companies, one tractor manufacturer, three earth moving equipment companies, a tyre major and over 100 auto parts producers have either made it their home or will do so soon.
Bloomberg / Dearborn (Michigan) July 25, 2008, 0:45 IST
The company will shift focus from money-losing trucks to fuel-efficient vehicles.
Ford Motor Co, the world's third-biggest automaker, posted a record quarterly loss of $8.7 billion and accelerated a conversion to fuel-efficient vehicles to wean itself from money-losing trucks.
UK registrations of 4x4 vehicles tumbled by more than 18 per cent last month in a powerful sign that Europeans are joining the headlong scramble out of large gas-guzzlers seen in the US. The data from Europe's second largest car market mirrors collapses in largevehicle sales under way in other European countries, and comes as petrol prices touch new highs and consumers delay big purchases.
As the credit crunch intensifies, carmakers are turning to an unusual way of moving vehicles off dealership lots: offering to throw in the petrol. In the UK, Fiat offers a payment-free period of nine months plus
DETROIT: Soaring gasoline prices have turned the steady migration by Americans to smaller cars into a stampede. In what industry analysts are calling a first, about one in five vehicles sold in the United States was a compact or subcompact car during April, based on monthly sales data released Thursday. Almost a decade ago, when sport utility vehicles were at their peak of popularity, only one in every eight vehicles sold was a small car.
New car registrations fell nearly 10 per cent in Europe in March in a troubling sign for both the industry and broader consumer confidence on the continent. In an indication that more European consumers are deferring big-ticket purchases in the credit crunch, mass-market manufacturers all reported lower sales for the month. Most - including Volkswagen, Peugeot, Fiat, General Motors and Ford Motor - reported lower sales for the quarter.
Ford Wins Over Critics With Greenhouse Pledge US: April 10, 2008 DETROIT - A group of activist investors including the state of Connecticut Wednesday dropped a campaign targeting Ford Motor Co after the No. 2 US automaker detailed plans for cutting greenhouse gas emissions over the next 12 years. Ford's action made it the first US automaker to spell out how it intends to cut by 30 percent the greenhouse gas emissions from new vehicles it sells by 2020, according to the activist investor groups that pushed it to make the pledge.
From the common man's car to icons of the upper echelons of society, Tata Motors will now have a presence in all the segments, both in India and abroad.
