Auto Sector

GM To Invest $200 Mn In Pune Engine Plant

General Motors (GM) has decided to invest $200 million (about Rs 870 crore) for engine, gearbox and transmission project. The engine project would be set up in Talegaon near Pune, Maharashtra.

The company has recently signed a memorandum of understanding (MoU) with the state government of Maharashtra. GM is the largest manufacturer of automobiles in the world with strong presence in almost all developed countries.

The proposed power train project would have an annual production capacity of 160,000 units and it would be completed by 2010.

Work at Tata's Nano plant in India comes to a halt amid protests

Work at Tata's Nano plant in India comes to a halt amid protestsNew Delhi - Work at the Tata Motors factory in eastern India that is producing the world's cheapest car, the Nano, came to a standstill on Friday after the company's employees were threatened by demonstrators demanding return of farmland acquired for the project.

Thousands of farmers and political activists have laid a siege around the factory in Singur near West Bengal's state capital Kolkata since Sunday.

Toyota lowers 2009 sales prognosis

Toyota lowers 2009 sales prognosisTokyo - Japan's leading carmaker Toyota Motor Corp expects sales in 2009 to drop, owing to weak demand from North America, the company said Thursday.

Toyota lowered its global sales prognosis from 10.4 million units to 9.7 million units for next year, delaying the company's goal to become the world's first carmaker to sell more than 10 million units per year.

Lumax Industries secures order worth Rs 60 crore

Lumax Industries secures order worth Rs 60 croreLumax Industries,

Toyota to lower 2009 sales prognosis

Toyota to lower 2009 sales prognosisTokyo - Toyota Motor Corp, Japan's leading carmaker, expects to sell fewer cars in 2009, owing to weak demand from North America, a Japanese news agency said Wednesday.

Toyota on Thursday was to lower its global sales prognosis from 10.4 million units to 9.7 million units for next year, Jiji Press reported, citing informed sources.

Aston Martin planning world's most expensive car

Aston MartinGaydon, England - Aston Martin has released scant details and sketches of its new super car codenamed One-77 that will sell for at least 1.3 million euros excluding tax (1.95 million dollars), making it the most expensive car on the market.

Each of the 77 limited edition Aston Martins will be tailored to the individual buyer and the engineers and designers will work out the exact specifications with the future owner.

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