Auto Sector

Maruti Suzuki To Launch New M800 ‘Uniq’

To strengthen its oldest popular model Maruti 800 (M800), India’s giant car Maruti Suzuki To Launch New M800 ‘Uniq’manufacturer Maruti Suzuki is proposing to roll out ‘Maruti 800 Uniq’ in the Indian market.

The new Maruti 800 `Uniq` is an advanced version, which comes equipped with a range of new features including body graphics, all new beige upholstery, trendy door trims with fabric patch, smart lower console box, rear package tray, stylish dome decal to draw young consumers.

Porsche to book profits higher than turnover, German report

PorscheBerlin - German luxury carmaker Porsche, which holds almost a third of mass producer Volkswagen, is to publish figures for the financial year ending July 31 that will show profits higher than turnover, a news report said Saturday.

Der Spiegel news magazine said the unusual accounting situation would result from the revaluation of the 31-per-cent VW stake. Porsche would report profits of more than
11 billion euros (17 billion dollars) on turnover of just 8.6 billion euros.

VW moves RHD Golf production to main German plant from South Africa

WolfsburgVolkswagen, Germany - Volkswagen is to build the right-hand- drive version of its new Golf model at its main German plant in Wolfsburg, shifting production from its plant at Uitenhage on South Africa's southern coast, the company announced Saturday.

VW South Africa head David Powells told the newspaper Wolfsburger Allgemeine Zeitung the RHD version of the Golf VI, aimed at the Asia- Pacific and African markets, would be available in October.

Honda launches 125 cc ‘CBF Stunner’ in Indian motorbike market

Honda CBF Stunner

Heavy vehicle-maker Scania says Russia and CIS drives Q2 income

Stockholm  - Swedish heavy-vehicle and bus maker Scania posted higher second quarter profits Friday, driven by strong demand from Russia, the members of the Commonwealth of Independent States, Latin America and Asia.

Pre-tax profit for the quarter was 4.24 billion kronor (702 million dollars), compared to 2.89 billion kronor for the corresponding business period 2007 - well above analysts forecasts.

Second-quarter sales increased from 20.9 billion kronor to 23.89 billion kronor.

"Order bookings decreased in Europe, while demand was strong in Russia and other CIS countries as well as in Latin America and Asia," Chief Executive Leif Ostling said.

Tata Motors Are Developing Electric Car!

As the fuel crisis is increasing in the world, auto companies are thinking on the alternative to fuel by introducing cars which use alternate source of energy. TATA has also decided to introduce a car which operates on electricity. It is announced by chairman of tata group, Mr. Ratan Tata in the annual general meeting on Thursday.

TATA will launch electric car in Norway in current financial year and likely to introduce in other markets in the next financial year. Tata is also working on compressed car project with a company in France. This car would be totally environment friendly and free of pollution. Company is trying its best to in enter in the field of bio-fuel.  

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