Despite the global slowdown in the automobile sector, Anand Automotive Systems still plans to go ahead with the investment worth Rs 600 crore to set up 13 plants across the country by 2010. 

The company accepts that the slowdown in the domestic automobile sector has put the group's bottom lines under pressure but said the company was confident that old export as well as domestic orders would help it tide over the current crisis. 

New Delhi  - Indian auto major Tata Motors plans to shut down its unit in Jamshedpur in eastern India for five days from November 25 due to a slump in sales, news reports said Sunday.

It would be the second time the Jamshedpur plant, the company's main manufacturing facility, is being shut down this month after it was closed for three days starting November 6.

The Tata Motors plant in Pune, in western Maharashtra state, and another plant in Lucknow, capital of northern Uttar Pradesh, have also been shut down for five days each in November, Indian Express newspaper reported.

In October, Tata Motors announced it was reducing its production target by 15 per cent due to slowing demand.

New York, Nov. 22: Nearly half of Americans say they are ready to let the Big Three automakers go out of business rather than rescue the sputtering car companies with taxpayer dollars, a new poll shows.

According to the New York Post, voters believe that the Detroit auto industry - which includes GM, Ford and Chrysler - have priced themselves out of the car market with labor contracts that are more expensive than what Japanese and other foreign companies pay workers at American assembly plants.

New York  - Suffering US automaker General Motors Corp will again cut its production, the firm said Friday.

It will add a week to holiday production halts at four plants and another factory in Canada that was slated to be shuttered will close two months earlier than planned, Bloomberg financial news reported.

Its sales have fallen 20 per cent for the year and dived 45 per cent in October.

Belgrade - The last of the Yugoslav-era cars, known for their lack of reliability as much as tasteless design and crude unworkmanlike finish, rolled off the assembly line in Serbia on Friday, nearly two decades after Yugoslavia itself fell apart.

Zastava, the car factory in the central Serbian town Kragujevac, has effectively ceased to exist and, following a massive investment by the Italian giant Fiat, is to begin making a modern small car.

Launched in 1953 in a country recovering from a destructive war while trying to implement its own form of socialism, Zastava was to prove that Yugoslavia could build a car of its own.

Los Angeles - These days the big news in the US auto industry seems to be coming from Washington where Detroit's "Big Three" automakers are begging politicians for a few million greenbacks to save their ailing companies.

But the real green in the auto industry was on display at the Los Angeles auto show, where the focus was on exactly the kind of environmentally friendly cars that American automakers so studiously ignored for so many years, to their ultimate detriment.