Auto Sector

Renault-Nissan eyes 20 per cent stake in Chrysler

Washington - Nissan Motor Co and partner Renault SA are eyeing a 20-per-cent stake in Chrysler, as General Motors also pursues takeover talks with the country's third-largest automaker.

Nissan-Renault has long been reported to be interested in a deal. On Wednesday, the Detroit News cited people familiar with the matter, as saying the proposal has been submitted to Cerberus Capital Management LP, the current majority owner of Chrysler.

Germany's Daimler still owns 20 per cent of its one-time subsidiary.

Under the Nissan-Renault deal, Nissan would likely provide the financing as Renault is weighed down by 5 billion dollars in debts.

Maruti Suzuki all set to Manufacture KB engine at New Plant

New Ford Mustang to be unveiled at LA Show

Dearborn, U. S. - Ford has revealed small details of the 2010 model Ford Mustang that it is planning to unveil at the Los Angeles Motor Show next month.

Teaser images released by Ford reveal exterior modifications to the front, rear flank and wheels. The dashboard gets a new instrument cluster with revised gauges, as well as new vents and glove box. The famous badge, depicting a pony, has also been redesigned with a more dynamic and edgy appearance.

Previous spy shots revealed a deeper grille than the previous model, new headlights and a lowered bumper with Ford retaining the basic unmistakeable rectangular Mustang shape that has been a hallmark since it was first launched in 1964.

New Mazda 3 to debut at Los Angeles show

Los Angeles - Mazda will debut a fully redesigned version of its top selling compact Mazda 3 at the Los Angeles Motor Show next month, the Japanese car maker has announced.

Five years after its first launch, the 2010 model Mazda 3 has been refined with more dynamic design features such as pronounced fenders and angular headlights.

Mazda also claims improved fuel economy and a quieter ride compared to the predecessor model.

After the world debut of the U. S. Specification sedan fitted with 2 and 2.5-litre engines, the five-door hatchback will be unveiled in line with the company's global sales schedule, the car maker announced.

Car makers ride the green wave

Hamburg - Major car makers are falling over each other with announcements of plans to produce zero-emission electric drive and fuel-saving hybrid vehicles with experts agreeing that demand for such vehicles is so high that the industry will probably not be able to meet it fully in the coming years.

All the big car makers had an electric-drive vehicle on show including the French, Japanese, German and U. S. manufacturers, at the recent Paris Motor Show. After spending decades in the backyards of hobby mechanics the electric car is becoming a realistic alternative, triggered by a leap in lithium-ion battery technology that is lighter and more compact than the heavy nickel-cadmium version.

New Nissan 370Z to be showcased in Los Angeles

Nissan 370ZLos Angeles - Nissan is expected to showcase its new 370Z at the Los Angeles Motor Show next month with spy shots revealing a shorter and more aggressive styling than the 350Z and an overhauled interior.

According to several reports, it will get the 3.7-litre V6 motor from the Infiniti G37 with an output of 330 hp mated to a seven-speed automatic gearbox.

Spy pics reveal a sharp roofline, new front and rear, wide wheel arches and steep windscreen.

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