Auto Sector

Nissan to cut auto production due to reduced US demand

NissanTokyo - Nissan Motor Co on Tuesday announced a

Mamata Threatens Legal Action Against Ratan Tata

Mamata Threatens Legal Action Against Ratan TataTrinamool Congress chief, Mamata Banerjee has demanded apology from TATA chief Ratan Tata. She criticized him for his derogatory remarks in his letter.

TATA has written an open letter to the people of the state describing circumstances that led to relocation of his dream car project from the state. The letter was published in all leading newspapers of Kolkata. He specifically mentioned the negative role of Trinamool in Singur pull out.

GM, Chrysler merger could sacrifice 40,000 jobs

GM, Chrysler merger could sacrifice 40,000 jobs New York - Amidst merger talks between struggling US auto leader General Motors and the third-largest US automaker Chrysler, the Wall Street Journal reported Monday that up to 40,000 jobs could be sacrificed in the deal.

The report quoted unnamed insiders.

Jaguar Land Rover To Cut 200 Jobs

Jaguar Land Rover To Cut 200 JobsJaguar Land Rover is planning to shed around 200 jobs in its UK operations. Jaguar Land Rover is a leading automotive company owned by TATA group. The company wants voluntary layoffs of its production staff from its plants located in Merseyside in Northern England, Birmingham and Solihull in Central England. The company would provide nine months salary to retrenched staff and pension to over-sixty staff.

Tata Writes Open Letter To People Of WB

Tata Writes Open Letter To People Of WBThe letter of TATA group chairman, Ratan Tata surprised the political and business class of the country.

His “open letter to the citizen of West Bengal” is published in the leading newspapers of Kolkata. He has explained the circumstance under which TATA has to leave Singur in West Bengal. Ratan Tata strongly criticized the role of Trinamool Congress leader, Mamta Benergee and other vested interests.

GM, Chrysler, push forward with merger talks

GM, Chrysler, push forward with merger talksWashington - Merger talks between struggling US auto giants General Motors and Chrysler were pressing forward, with a view to concluding them before November 4 presidential elections, the Detroit News reported Saturday.

Added pressure for a deal was coming from private investor Cerberus, which owns 80 per cent of Chrysler. German auto group Daimler still holds 20 per cent of Chrysler.

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