Karvy Stock Broking Limited has maintained ‘Buy’ rating on Maruti Suzuki stock to achieve a target of Rs 685 within 2-3 sessions.

According to Karvy, day traders can buy the stock between Rs 650-655 with a stop loss of Rs 640.

Shares of the company, on Thursday (Mar 05), closed at Rs 667.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 44.38 and 14.42 respectively. The share price has seen a 52-week high of Rs 945.55 and a low of Rs 428.40 on BSE.

Washington  - General Motors Corp's auditors said there was "substantial doubt" that the iconic US carmaker can survive a massive downturn in the industry, according to an annual report filed Thursday with US regulators.

Despite receiving 13.4 billion dollars in emergency government loans since December, GM said it may have to seek bankruptcy protection if it cannot complete a major restructuring effort, in the filing with the Securities and Exchange Commission.

GM suffered a 52-per-cent drop in US car sales in February and has lost its status as the world's largest carmaker to Japan's Toyota Motor Corp.

Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company, has informed that it has joined hands with public sector lender Punjab National Bank (PNB) for financing its entire range of passenger cars.

The latest tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers.

The lender offers car loans up to 90 per cent of invoice for tenure ranging up to seven years at a rate of 10.5 per cent to 11 per cent.

Tokyo  - Demand for foreign-brand cars in Japan declined and imported vehicle sales in February sank to the lowest level in 20 years amid the global financial turmoil, an industry body said Thursday.

Sales of new cars imported from overseas fell 33.9 per cent in February to 12,350 units from the same month a year before, the Japan Automobile Importers Association said.

Sales of vehicles made by foreign companies declined 34 per cent to 10,833 units, and those of vehicles produced by Japanese makers abroad sank 33.2 per cent to 1,517 units.

Zaragoza, Spain  - General Motors Europe will file for bankruptcy protection unless it urgently obtains 955 million euros (1.2 billion dollars) to cover immediate payment needs, employees' representatives at a Spanish GM factory said in a statement Wednesday.

The works committee referred to information given after GM European management and employees' representatives met Tuesday in Ruesselsheim, Germany.

Prague - Skoda will go ahead with production of its offroad concept, the Yeti, with a production-ready model to be presented at the Geneva Motor Show, the Czech car maker has announced.

The offroader will retain the Yeti name of the concept first revealed in Geneva in 2005 and use much of the VW Tiguan technology from the parent company.

It remains unclear whether Skoda will pursue the idea of a pick-up based on the Yeti with a variable roof system that could transform a convertible into a pick-up.