Auto Sector

GM to lay off 3500 workers, build fewer pickups, SUVs

Detroit, US  - The United States' largest automaker General Motors (GM) announced it is set to lay off 3,500 workers as it reduces its production of pickup trucks and heavy four-wheel vehicles due

Financial crisis hits BMW's profits

Munich -BMW German auto group BMW AG reported Tuesday a bigger-than-forecast slump in first-quarter earnin

Controversial US billionaire to join Ford

Ford LogoDetroit/Los Angeles - US billionaire Kirk Kerkorian is to join car giant Ford and increase his

Honda logs record earnings for fiscal 2007

HondaTokyo - Honda Motor Co saw record earnings results for the fiscal year 2007 that ended in March, t

Heavy-vehicle maker Volvo benefits from truck sales in Europe, Asia

Stockholm  - Swedish heavy-vehicle maker Volvo on Friday reported a 14-per-cent increase in pre-tax income for first quarter 2008, saying Eastern Europe and Asia offset weak demand in North America

Tata Motors Intraday Buy Call

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Tata Motors Tata Motorsstock with an i