Auto Sector

Toyota Postpones Launch of Prius in India

Toyota PriusToyota, major Japanese Automobile Manufacturer, has put the launch of Prius, the world's first mass-produced hybrid vehicle on hold, owing to a steep duty structure and inability to fix a competitive price.

Toyota was working on bringing Prius at a price tag of Rs 20-22 lakh. But Honda is already offering the Civic Hybrid at Rs 13.36 lakhs, a price which makes Prius a bad deal for the end customer. Honda recently reduced price of Civic Hybrid by Rs 8 lakh due to low demand.

General Motors to shut down Thailand plant for two months

General Motors to shut down Thailand plant for two months Bangkok  - In one of the first blows to be felt from the "Hamburger Crisis" in Thailand, General Motors Thursday announced plans to close its Thailand plant for two months, paying employees 75 per cent of their wages.

"If we don't close down we will have an oversupply," said GM spokesman Chartchai Suwannasevok, confirming the US giant's plan to close its plant in Rayong province for the months of December and January.

German solar company bids for GM factories

Bonn, Germany  - A David-and-Goliath takeover offer for the German factories of General Motors sent the share price of the bidding company, SolarWorld, crashing 16 per cent lower Wednesday.

SolarWorld, which assembles and installs smaller electricity generating systems that rely on wind or the sun, asked GM to give it four factories, a German research centre, the Opel brand and 1 billion euros (1.25 billion dollars).

The Bonn-based company said it would inject an additional 1 billion euros of its own cash and loans to convert Opel into "Europe's first green automobile maker," designing cars with low- emission engines.

Renault Sand'Up demonstrates three-in-one concept

Renault Sand'Up demonstrates three-in-one conceptParis  - Renault is showcasing a three-in-one concept of the Sand'Up at the Sao Paulo Motor Show. The new take combines aspects of a pick-up, convertible and coupe.

Based on the concept version of the Dacia Sandero hatchback, the Sand'Up allows three body structures with a load area that can be extended by 40 centimetres to 1.7 metres when the seats are folded down.

In addition, the Sand'Up can be fitted with a hard-top roof. It also features electro-hydraulic doors and a split tailgate. The 45- centimetre wheels are fitted with 235/50 off-road tyres.

New Golf tops European safety test

New Golf tops European safety testWolfsburg, Germany  - The new Golf VI generation has been given a top safety rating in the independent EuroNCAP crash test.

Testers described the model as an improvement on the predecessor Golf V, which scored lower marks against its main competitor, the Opel Astra.

The Golf scored 36 out of 37 possible points on occupant, pedestrian and child safety, with a maximum five-star rating for occupant safety.

Styling revisions announced for new Citroen C1

Styling revisions announced for new Citroen C1Paris  - French carmaker Citroen is giving the 2009 model of the C1 a makeover. The new look includes a modified front and a more economical engine, which should lower fuel consumption to 4.5 litres per 100 kilometres.

The one-litre engine, with an output of 50 kilowatts/68 horsepower, has been adjusted so that carbon dioxide emissions are only 106 grammes per kilometre. Production of the Hdi 55-diesel version will end because of poor demand.

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