New York  - US billionaire-investor Kirk Kerkorian has sold off the last of his shares in Ford Motor Co, less than a year after he bought a significant stake in the US car giant, according to media reports Monday.

A spokesperson for Kerkorian's Tracinda Corp confirmed that it no longer owned any shares in Ford, the Wall Street Journal reported.

There was no immediate response from the carmaker. Ford shares fell more than 3 per cent in trading on Monday to 2.22 dollars.

New Delhi, Dec 29 : South Korean car maker Hyundai Motor launched ''i 20'' here today. This car is said to be an improved version of ''i 10'' with more space and more powerful engine.

The launch that has taken place at the time of global financial meltdown raised many questions about the success of ''i 20'' in the Indian markets. But the senior vice president of Hyundai motors said that, they were positive about the launch, as what matters ultimately is the quality of the product.

London, Dec 28 : The first proper-performance, four-seater electric car from Mitsubishi, a major car manufacturer, which is eco friendly and has zero tailpipe emissions, is all set to be launched on the UK market.

According to a report in The Independent, the Mitsubishi i-MiEV (Mitsubishi innovative Electric Vehicle) could herald a new dawn for electric motoring.

Offering zero emissions from its tailpipe, it is the first crash-tested all-electric four-seat vehicle from a mainstream carmaker that will be available in the UK.

The i-MiEV can fit four 6ft adults plus 246 litres of luggage, and reach a top speed of 87mph.

On Friday, the country's leading passenger car maker, Maruti Suzuki announced that it had started to export its newly launched small car A-star to Europe.

M.M. Singh, the company's managing executive officer (production) informed, “This dispatch of first consignment of A-star from Gurgaon railway station is a quantum leap for Maruti Suzuki towards the company's future as a small car manufacturing hub for Suzuki, Japan.”

The first batch of A-star exports has left in an especially designed wagon from the Gurgaon railway station for Mundra port in Gujarat.  

Bangkok - Rapidly sliding global demand is expected to cut Thai automobile production by more than 35 per cent next year, said a report Saturday.

The number of vehicles produced could drop from 1.4 million this year to less than 1 million, if domestic sales fall 10 per cent and exports crash 50 per cent, Wallop Taisiri, director of the Thailand Automotive Institute, was quoted as saying by the Bangkok Post.

Thousands of workers have already lost jobs and more are at risk, the report said.

Auto makers may extend production cuts in the wake of the severity of global financial crisis and slowdown in the coming times. Both commercial and passenger vehicle segments reported decline in the month of November and auto sector growth rate may further decline as per reports.