Auto Sector

Cars of the future safer, cleaner and more comfortable

Hamburg - Within a decade, most new cars will be equipped with clean-drive technology and a host of easy to serve technical gadgets that will make driving much more comfortable and safer than today.

Engineers are currently working on several technologies that were still fiction in the 1980s American television series Knight Rider in which David Hasselhoff is partnered by an autonomous car called KITT with artificial intelligence.

Tesla to build electric sedan in 2010

San Carlos, California - The U. S.

GM teams up with electric giants for plug in car stations

GM teams up with electric giants for plug in car stations San Francisco  - Paving the way for the introduction of its plug-in electric vehicles in 2010, General Motors announced Tuesday that it was teaming up with 37 utility companies across the US and Canada to design and build the nationwide infrastructure needed to recharge the vehicles.

The ailing auto-giant has been hard hit as skyrocketing petrol prices cause people to dump the gas-guzzling models produced by the company in favour of smaller cars not offered by US auto makers.

Rising input costs hit Maruti's Q1 net profit

The net profit of the country's largest carmaker, Maruti Suzuki fell down by Rising input costs hit Maruti's Q1 net profit   6.75 percent for the first quarter ended June 2008. This fall in the profit is due to rising cost of raw materials, a change in accounting norms and a loss from derivative instruments. Maruti reported a net loss of Rs13.90 crore from derivative instruments.

Schaeffler ups takeover bid for Continental to 70.12 euros

Schaeffler ups takeover bid for Continental to 70.12 eurosHerzogenaurach, Germany  - Privately owned German ball- bearing manufacturer Schaeffler increased Monday its unsolicited takeover offer for its larger listed competitor Continental to 70.12 euros per share.

Schaeffler, controlled by widow Maria-Elisabeth Schaeffler, 66, and her son, stunned Germany a week ago with the bid for brake and tyremaker Continental and plans to combine the two auto-industry suppliers.

Long wait for latest Lambo in Hong Kong

Hong Kong - Well-heeled car enthusiasts will have to wait nearly 18 months to take delivery of Lamborghini's latest Gallardo model even though the sports car has just been launched in the territor

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