Auto Sector

Hero Honda second quarter net increased by 50%

Micro-hybrid technology for Scorpio and Bolero announced by Mahindra & Mahindra

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.

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