Auto Sector

Checking the oil level with a button

Hamburg - Checking the oil level in a car often ends in frustration in a bid to find the oil stick and getting your hands all dirty.

Instead, why not just press a button in the car with a display indicating the exact oil level?

Several new cars already have such a comfortable feature which car parts supplier Hella has made available to several manufacturers over the past two years.

Now engineers at Hella have developed a more advanced Ultrasonic Level Sensor (Puls) that not only puts an end to all the hassle of opening the bonnet for the regular oil check but monitors the quality of the oil, telling the driver exactly when he should go for an oil change.

VW to launch new Golf model in October

VW to launch new Golf model in OctoberWolfsburg, Germany  - Volkswagen is to launch its eagerly awaited new Golf 6 model in October, Europe's biggest carmaker said Tuesday.

Following its introduction in Europe, the company's top-selling car will be sold in Africa, Asia, Australia and North America.

VW chief executive Martin Winterkorn said the company hoped to sell 600,000 of the new model during its first full year of production in 2009.

Last year, VW sold 580,000 of the current Golf 5 model.

Toyota to acquire full ownership of South African subsidiary

Toyota to acquire full ownership of South African subsidiary Tokyo  - Toyota Motor Corp was to gain full ownership of its South African subsidiary by late August, the Japanese company said Tuesday.

Toyota reached an agreement with its joint venture partner Wesco Investments Ltd to acquire the remaining 25-per-cent share in Toyota South Africa (Pty) Ltd, worth about
29.8 billion yen (276.3 million dollars).

By making the South African unit a wholly owned subsidiary, Toyota plans to boost local production, sales and exports, Japan's top carmaker said.

Toyota to acquire full ownership of South African subsidiary

TokyoToyota Motor Corp - Toyota Motor Corp was

Hong Kong drivers shun luxury guzzlers as oil prices rise

Hong Kong - In a city that has a higher proportion of Rolls- Royces than anywhere else in the world, soaring fuel prices have led motorists to shun luxury, petrol-guzzling cars in favour of fuel efficient vehicles, a media report said Monday.

Sales of new cars such as Mercedes Benz and BMW with engines of 3,500cc or larger have fallen about 5 per cent since May when oil topped 120 dollars a barrel, the South China Morning Post said.

"The trend was even more apparent in the second-hand market, which saw a drop of about 7 per cent in price for BMW sedans and its comparable middle-price series," said James Kong, vice-president of the Hong Kong Automobile Association.

Ahmednagar Forgings Gets Approval To Merge With Amtek Auto

Ahmednagar Forgings Ltd has announced that the Board of Directors of the Ahmednagar Forgings Gets Approval To Merge With Amtek AutoCompany, at its meeting held on July 31, 2008, inter alia, have approved merger of Ahmednagar Forgings Ltd into Amtek Auto Ltd.

Amtek Auto is a leading producer of automotive components.

The company (Ahmednagar Forgings) is being unified along with Amtek India, Amtek Ring Gears, Amtek Crankshafts India and Amtek Casting India into Amtek Auto.

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