Hyundai Motor India Ltd. (HMIL) launched the i20 cars in the European market. These were premiered at the Paris Motor Show last month. The company has dispatched a consignment of 2,820 cars from the Chennai port for Europe. 

i20s are very sophisticated new generation vehicles of Hyundai. These are designed at its Russelsheim design center in Germany. It is designed to fit in the European environment and pollution norms. The car will be available in 1.2 litre, 1.4 liter and 1.6 liter variants and will be powered by both diesel and petrol engines.

Toyota Motor Corporation (TMC) considers India as a potential market for its new models. It would double its investment in the country in the coming times. TMC has decided to invest Rs 3,200 crore in India. The company has decided to set up a new manufacturing plant at Banglore. It would make the Toyota Kirloskar Motor Private Limited (TKM) site more efficient by increasing its production capacity.

It seems that Moller International is determined to turn dreams into reality; that's why the company has announced that within the next two years, it would come out with Autovolantor, a flying car. Autovolantor is supposed to be based upon Ferrari 599 GTB model since the shape and layout is apt to remodel it into the flying machine, and would carry a rice tag of 50,000 pounds.

The car has been equipped with vents that would tilt in order to keep the car in the air. The car will have a speed of 100 mph on ground and in air it will have a speed of 150 mph.

The Ford India Pvt Ltd Company announced an investment of $500 million in India and introduction of a small car by year 2010.

Ford in India sells Ikon, Fusion and Fiesta cars, and the Endeavor sports-utility vehicle. Michael Boneham, president of Ford India Pvt. Ltd. said "The Credit crunch and the lack of confidence has affected in the short-term" however adding that the plans for new models of Ikon "are on track despite the difficulties".

Tokyo - Toyota Motor Corp on Thursday sharply lowered its earnings projections for the current fiscal year because of a rising yen and slowing auto demand in the United States and Europe amid the global financial crisis.

Japan's leading automaker expected operating income of 600 billion yen (6 billion dollars) for the year that ends March 31, down 62.5 per cent from its initial projection in May.

The figure would also represent a fall of 73.6 per cent from the operating income earned the previous fiscal year.