Auto Sector

Talking car technology making progress

Talking car technology making progressHamburg  - Smart car-to-car communication will one day make traffic jams obsolete and significantly improve road safety. That is the vision of several major car makers who recently presented the technology under realistic driving conditions at a test track in Germany.

Several cars, motorcycles and a truck could be seen communicating with each other at the Opel test track in Dudenhofen Germany based on wireless WLAN technology.

Delphi Corp. to set up Rs 250 cr plant near Chennai

Delphi Corp. to set up Rs 250 cr plant near Chennai

German government rejects General Motors plea for state aid

German government rejects General Motors plea for state aid Berlin - The German government rejected Tuesday a plea from General Motors (GM), the world's biggest carmaker, for targeted aid for German car factories.

At the same time, an existing government plan to subsidize car sales came unravelled, suggesting that the final form of Berlin's aid to the industry was still in play.

With US-based GM teetering, the multinational's German arm, Opel, had earlier written to Chancellor Angela Merkel requesting she push harder for a 40-billion-euro 

GM shares tumble as US government ponders aid to auto industry

GM shares tumble as US government ponders aid to auto industry New York - As Washington openly debated help for the beleaguered automobile industry, shares of General Motors plunged as much as 31 per cent Monday as a Deutsche Bank AG analyst speculated the shares may be worthless in a year.

"Even if GM succeeds in averting a bankruptcy, we believe that the company's future path is likely to be bankruptcy-like," Deutsche Bank's Rod Lache was quoted by Bloomberg financial news service as saying.

Renault's Romanian plant plans three-week halt

Renault's Romanian plant plans three-week halt Bucharest - Renault SA's Romanian plant will halt production for three weeks as the country's car market slows, a news agency reported Monday.

Employees at Dacia, which makes budget-priced compact cars mostly for export, will get 85 per cent of pay during the November 20-December 7 break, the Mediafax agency said.

From January through October, Dacia's production ran at 17 per cent above last year's level. But production recently was halted for four days because of slowing demand.

Credit crunch helps Latvians learn to love the Lada

Credit crunch helps Latvians learn to love the LadaRiga - With sales of new cars in Latvia shrinking by more than a third in the first ten months of 2008 according to figures released Monday, it was left to carmakers at opposite ends of the price spectrum to report the strongest results.

Total sales of new cars in the Baltic country for January to October dropped to 10,434 from 17,239 in the same period last year, according to the Latvian Authorized Car Dealers Association.

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