Auto Sector

Hyundai, Honda Posted Positive Sales In Dec

HyundaiHondaAuto giants Hyundai and Honda reported positive growth in December due to selling vehicles at discounted prices and introducing new models. The recently announced excise duty cut on vehicles also helped to increase the vehicle sales of Hyundai, Honda Siel and SkodaAuto while other auto companies including Tata Motors and Mahindra & Mahindra (M&M) have continued to slide following the low demand. Mahindra & Mahindra posted 30 per cent decline in sales by selling 10,665 units in December as compared to 15,316 sold last year.

US government money starts flowing into auto industry

US government money starts flowing into auto industry Washington  - The US government moved during the New Year's holiday to free up more money for auto loans and to start the emergency infusion of billions of dollars directly into the industry to keep it afloat.

While Chrysler Corporation was still waiting for its money on Friday, General Motors has received 4 billion dollars of the 13.4- billion-dollar lifeline promised by US George W Bush late in December, Bloomberg financial news service reported.

Car sales crash in Spain

Car sales crash in SpainMadrid - Spanish car sales went down 28.1 per cent in 2008 in t

Vehicle Sales Declines In December

Vehicle Sales Declines In December Vehicle sales witnessed decline in the month of December following the slow demand due to the global financial crisis. Sales of passenger as well as commercial vehicles posted slow growth rate. Maruti Suzuki, General Motors and two-wheeler makers Hero Honda and Bajaj recently released their sale figures which indicate the adverse state of automobile sector in the country.

BMW gives Z4 extensive makeover

BMW gives Z4 extensive makeoverMunich  - BMW has given its Z4 sports car an extensive makeover, showcasing at the Detroit Motor Show in January the model that succeeds the Z4 Roadster and Z4 Coupe.

One of the many new technical features is a hydraulically- operated, retractable hardtop roof that opens and closes in 20 seconds. It also includes a glass rear window for improved visibility.

Retaining the basic design of its predecessor with the long bonnet and short rear, the new Z4 however comes with broader shoulders and more dominant kidney-shaped grille.

Honda to build electric motorcycle

Honda to build electric motorcycleTokyo  - The Japanese car maker Honda has announced that it will develop an electric motorcycle as part of its programme to develop more efficient vehicles with lower emissions over the next two years.

Details of the plans have not been revealed yet, but the motorcycle is expected to go on sale in 2010. Vectrix Corp., based in the United States, claims to be the world leader in zero emission electric scooters and high-performance bikes, building its Electric Vx1 and Vx1e scooters in Poland.

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