Stuttgart  - Porsche has increased its stake in Volkswagen (VW) to 35.14 per cent, taking an effective controlling stake in Europe's largest carmaker, the luxury producer announced from its Stuttga

The Singur deadlock is becoming more and more complicated day after day. Though the state government of West Bengal is doing its best to break the impasse but the fate of Nano is still doubtful. The state government is failed to resolve the matter with the opposition Trinamool Congress party. Trinamool Congress is demanding return of some part of acquired land, but both TATA and the government are not in the mood to return the land.

Rolls-Royce Motor Cars is eying on the highly potential auto mobile market of India. The car market f India is expected to further grow in the coming years. Soon it will be the single-biggest market in the Asia-Pacific region.

The company is known for its ultra-luxury Phantom car. It has sold 12 hand-crafted Uber-premium cars in India in 2007. The company is eying on further orders from the car market.

The director of Rolls-Royce Motors, Graema Grieve said that the new product of company would be the second most expensive in the world.

Detroit - No one gets to choose their birthday. That goes for people as well as corporations. Next week, a US industrial giant will mark its centennial, but it couldn't be coming at a worse time.

General Motors, once the largest US corporation and the world's leading automaker, will turn 100 on Tuesday. CEO Rick Wagoner says GM will begin its second century in the midst of fundamental changes in the auto industry.

Berlin  - Luxury carmaker Porsche hit a bump Friday in its plans to win control of its big brother Volkswagen, with Porsche directors suffering defeats in key votes at a Volkswagen Group board meeting.

After 40,000 Volkswagen workers rallied at VW's Wolfsburg headquarters Friday morning in support of state influence on the company, labour leaders were jubilant at the setback for Porsche.

During the afternoon the board forbade direct contacts by Volkswagen's premium-car division Audi with Porsche executives.