Auto Sector

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.

Last Horch found in Texas, returns home to Germany

Ingolstadt, Germany - The last one-off specimen of a 1953 Horch is currently being restored at the Audi museum in Ingolstadt after its discovery in Texas earlier this year.

The car was exhibited in unrestored condition at the Audi museum in July and August this year with its velvet seats slashed open, battered door trims and rusty exterior.

Built by hand for the last man at the helm of Auto Union, Dr Richard Bruhn, the chauffeur-driven limousine was based on a 1938 Horch 830 BL.

Investor Kerkorian drops Ford stock

Ford MotorNew York - Months after increasing his stake in Ford Motor Company, billionaire investor Kirk Kerkorian is pulling back from the suffering automaker.

His Tracinda Corp sold 7.3 million shares of Ford stock on Monday for 2.43 dollars each, he had purchased the shares for 8.50 dollars earlier this year. Tracinda is also considering unloading its remaining 133 million shares.

The move comes days after Kerkorian had put 50 million shares of his MGM Mirage casino behind the 600-million-dollar credit line he had used to buy Ford stock, Bloomberg financial news reported.

Nissan to cut auto production due to reduced US demand

NissanTokyo - Nissan Motor Co on Tuesday announced a

Mamata Threatens Legal Action Against Ratan Tata

Mamata Threatens Legal Action Against Ratan TataTrinamool Congress chief, Mamata Banerjee has demanded apology from TATA chief Ratan Tata. She criticized him for his derogatory remarks in his letter.

TATA has written an open letter to the people of the state describing circumstances that led to relocation of his dream car project from the state. The letter was published in all leading newspapers of Kolkata. He specifically mentioned the negative role of Trinamool in Singur pull out.

GM, Chrysler merger could sacrifice 40,000 jobs

GM, Chrysler merger could sacrifice 40,000 jobs New York - Amidst merger talks between struggling US auto leader General Motors and the third-largest US automaker Chrysler, the Wall Street Journal reported Monday that up to 40,000 jobs could be sacrificed in the deal.

The report quoted unnamed insiders.

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