Auto Sector

Bentley Arnage celebration at Paris show

BentleyCrew, England - Bentley is presenting the Arnage Final Series to marking the tenth anniversary of the model, the 50th birthday of the company's V8 engine and 90 years of Bentley heritage at the Paris Motor Show.

The Bentley Arnage Final Series is an exclusive run of only 150 cars, the manufacture has announced.

Powered by the Arnage T V8 with an output of 507 hp, the Final Series is listed with a top speed of 288 km/h and acceleration from zero to 100 km/h in 5.5 seconds.

New BMW 7-Series with hybrid drive

BMW 7-SeriesMunich - BMW will make its new luxury 7-Series available in a hybrid drive version with a concept vehicle to be unveiled at the Paris Motor Show, the car maker has announced.

First versions of the 7-Series hybrid drive serial-production version will be presented in 2009, said a BMW spokesman.

The Concept 7 Series ActiveHybrid combines a 300 kW/407 hp combustion engine with a 15 kW electric motor that reduces fuel consumption by 15 per cent compared to a standard model, according to the car maker.

Foundery Upset For Weakening Of Nano Project At Singur

The unpredicted events which occurred as a protest against setting up of Nano Foundery Upset For Weakening Of Nano Project At Singur Plant at Singur really disappointed the Institute of Indian Foundrymen (IIF), since this ‘Rs 1 lakh car’ project taken up by Tata motors had given immense hope to foundry industry located at West Bengal, to develop a correlation with Tata motors. 

With the aim to display and exhibit the abilities and capacity of foundry industry and its suppliers, IIF would soon be holding an exhibition along with IFEX-2009, titled the 57th Indian Foundry Congress.

Heavy-vehicle maker Volvo Trucks to cut some 1,400 jobs

Heavy-vehicle maker Volvo TrucksStockholm - Swedish heavy-vehicle maker Volvo Trucks said Tuesday it planned to cut some 1,400 jobs in its workforce, citing the need to reduce production capacity over "declining demand for trucks in the European market."

The measures planned for the coming months included cancelling evening shifts and were to affect plants in the Swedish towns of Gothenburg and Umea, and in Ghent in Belgium, Volvo Trucks chief executive Staffan Jufors said in a statement.

Mitsubishi UFJ to acquire 21-per-cent stake in Morgan Stanley

Mitsubishi UFJ to acquire 21-per-cent stake in Morgan Stanley New York  - Japan's Mitsubishi UFJ Financial Group will acquire a 21-per-cent stake in Morgan Stanley as the financial crisis has hurt confidence in US banks and hampered liquidity, the firms announced Monday.

The largest Japanese financial group will pay 9 billion dollars to become the primary shareholder. The cash infusion comes amid a credit crunch that has brought turmoil to world financial markets and prompted a 700-billion-dollar bailout deal making its way through the US Congress.

Tata Motors rolls out three new variants of Indigo CS

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