Leading automobile manufacturer, Toyota launched its 10th generation Corolla Altis. The Japanese company is doing its best to expand its business in the Indian market. The company has set a target of selling 4-lakh vehicles by 2015. It has set a target to sell 63000 units in the current fiacal.

Stuttgart - Daimler Saturday declined to comment on rumours that Swedish investor Cevian Capital is planning to take a major stake in the German vehicle maker with the aim of pushing through the sale of the truck division.

Selling off Daimler Trucks "is not an issue for us," a company spokesman told Deutsche Presse-Agentur dpa in Stuttgart, where Daimler has its headquarters.

He declined to comment on rumours that Cevian aimed to take a substantial stake in the company, which has seen its share price virtually halve since October last year to trade at under 40 euros (57 dollars) on Friday.

"Every investor is welcome to us," the spokesman said with regard to the Cevian rumours.

Berlin  - A select group of Berlin motorists are to obtain subsidized electric cars as part of an experiment launched Friday by Daimler and a leading German electricity company, RWE.

The auto company is to supply 100 cars powered by lithium-ion batteries. The cars will mostly be from its Smart micro-car marque and will have a range of about 100 kilometres from a single charge.

London, Sept. 5: Another British icon has gone the Chinese way. We are talking about taxis.

They are now not being made in Britain, but at a sprawling factory in the lush green suburbs of Shanghai.

Young Chinese workers have been roped in for the full-scale production of one of Britain's most emblematic vehicles.

London Taxi International, which will continue to build nine out ten cabs used in Britain at a factory in Coventry, could not expand at its small-scale, high-cost plant. So it turned to China to drive overseas expansion.

General Motors would launch new models of mini compact global car in 2010. These models are being developed at company’s Bangalore plant in India and other global plants in the world.

The company has also decided to launch its first electric car in India. It will expand its car business with the additional investment of US $ 500 million in next seven years. The US based company has already invested about US $ 1 billion in India.

GM has decided to develop small diesel engines in its new power plant in India with an investment of $200-million.

The leading automobile manufacturer Mahindra & Mahindra is planning to develop its two wheeler business. The company will expand the business with the help of global alliances and acquisitions with suitable companies.

The company had already acquired Kinetic Motors in last month.