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Ford Motor Co said that it has managed to sell more cars in the first six months of 2009 than it did during whole 2009. This was said by a top executive of the company.

Joe Hinrichs, Ford's group vice president for Asia Pacific and Africa operations said while talking to media that the sales of the company has gone up majorly in Asia because of strong demand in this region that has gone up majorly in India.

He revealed that within 100 days 25,000 bookings were done and there is more demand for its cars than it can meet.

After M&M took over the Reva Electric Car Company, experts have been very curious about the future strategy for the company and how will Mahindra leverage from this acquisition.

However, Pawan Goenka, Chairman, Mahindra Reva Electric Vehicle Co. has recently clarified that the company will be launching the Reva NXR & NXG by the Q4 of 2011.

While Reva NXR and NXG would be exported to international markets too by M&M, the biggest question still remains on the branding of the products in the Indian market.

North American Financial Holdings Inc (NAFHI) has bought three US lenders. The group which is run by the head of former Bank of America Corp. investment-banking head Gene Taylor, is run on the funding generated by private investors.

North Carolina-based firm did so after the number of failed lenders in US increased to 96.

Out of the three takeovers, two were in Florida while one was from South Carolina, said the statement posted by the firm on the website of Federal Deposit Insurance Corporation.

After players like Bentley, Lamborghini, Buggati have already made inroads into the Indian market, it is now the turn of Ferrari to take the Indian route in order to make the sports luxury car brand more familiar to the Indian consumer.

It is believed that the Italian exotic supercar manufacturer will be banking on Tata Motors for the support in the marketing and distribution function.

Apart from the one-lakh lucky customers who will be getting the world's cheapest car at the price of Rs.

One lakh, as promised by Ratan Tata at the time of the launch of the product, the company has recently said that the other customers who have retained their bookings despite not being selected under the lucky one lakh lot will have to shed an additional 3-4% more to fulfil their dream of owning a Nano.

General Electrics has said that its net profit increased by 14 per cent during the second quarter of this fiscal. This happened despite revenues going well below the analyst expectations and also the stock market declining during the period in question.

Post the declaration, shares of GE were down by 4.59 per cent. Analysts said that it were the finance and health care segments which did best while the power and the aviation business still needed work.