Auto Sector

Volvo to drive all by itself

Volvo to drive all by itselfSoon we would see a Volvo which would drive on its own and at the same time it would be coming up with the first ever "accident-proof car". The motions would be controlled by the car as it drives through the traffic using radar to control the distance.

At the Detroit motor show next month, the Swedish manufacturer is to make a proud presentation of Volvo S60, with automatic brakes. By 2010, it will hit he roads.

Paris Hilton beats burglary blues with pink Bentley

Paris Hilton beats burglary blues with pink Bentley Los Angeles  - Days after a burglar broke into the house of Paris Hilton and stole 2 million dollars worth of jewels, the socialite and hotel heiress has consoled herself by splashing out on a radical pink Bentley.

Maruti To Commence A-Star Shipping To Nissan In Q4FY09

Maruti To Commence A-Star Shipping To Nissan In Q4FY09 Country’s largest car maker company, Maruti Suzuki India Ltd, has said that it expects to commence the shipping of its A-star small car to Nissan from February-March for sale in Europe.

However, Maruti Suzuki India Managing Director, Shinzo Nakanishi said that the company was yet to agree on the exact number of cars it would supply to Nissan.

Nakanishi also indicated that if the market condition does not improve then the company may consider production cut.

Bajaj Family Dispute Set To Close

Bajaj Family Dispute Set To CloseSix-year old Bajaj family drama is all set for curtains as Rahul Bajaj has acquired 29.2% in Bajaj Hindustan. He would sell 29.6% stakes in Bajaj Hindusthan to his brother Shishir Bajaj, paving the way to transfer full control of the sugar company to his brother. The move would raise Shishir Bajaj's stake in BHL from 2.85% to 32.47%.

Tata set to pump 'millions' into Jaguar

Tata set to pump 'millions' into JaguarTata Motors Ltd would inject "tens of millions" of pounds into Jaguar Land Rover according to reports. The move is aimed to mitigate the impact of global slowdown. Tata bought the luxury carmaker JLR earlier this year for $2.3 billion from Ford Motor Co.

Almost entire Automobile sector is facing low demand problem leading to employ cost cutting measures including significant production cut and retrenchments. Tata's move to inject money in Jaguar Land Rover would prevent an immediate cash flow crisis being faced by company following economic slowdown.

Brit bailout pledge helps Tata find cash to keep Jaguar Land Rover afloat

Brit bailout pledge helps Tata find cash to keep Jaguar Land Rover afloatLondon, Dec 22: A planned British government bailout worth tens of millions of pounds to keep Jaguar Land Rover afloat has helped the company's owners, Tata, to secure extra funds.

Tata found the cash because its banks were convinced that the Government would prevent a collapse, a source said. Officials had been working on the details of the package over the weekend.

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