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.
The net profit of the country's largest carmaker, Maruti Suzuki fell down by 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.
Herzogenaurach, 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.
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
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.
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. 
Herzogenaurach, 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.
