Auto Sector

Brilliance BS4 - not brilliant on safety, German crash test finds

Brilliance BS4 - not brilliant on safety, German crash test finds Munich - The Chinese Brilliance BS4, like its big brother the BS6, has been poorly rated in terms of safety in a crash test conducted by the German automobile association ADAC. The BS4 medium-sized sedan is a big improvement on the BS6, "But is still a long way from achieving a good result (in safety)," ADAC said. The BS6 car was slated for it poor crash test results in an earlier crash test.

Car makers plan smaller, leaner sports cars

Car makers plan smaller, leaner sports carsFrankfurt -Big, high-powered sports cars have an image problem as the debate on climate change heats up and the global recession bites fiercely. So now, car makers plan to launch a number of smaller, compact sports cars in the coming months. And with a little goodwill, these vehicles could pass as a family saloon and still keep up with a Porsche in terms of performance.

"These small power packages come just at the right time," says car analyst Christoph Stuermer of the Frankfurt-based IHS Global Insight.

ABB inks ‘frame agreement’ with BMW Group

ABB inks ‘frame agreement’ with BMW GroupABB, a leader in power and automation technologies, has signed a frame agreement with BMW Group to support the carmaker’s operations in Germany, the U.K. and the U.S.

Under the arrangement, ABB will supply 2,100 industrial robots over five years, beginning 2010 and commission a variety of robot models for BMW, including the IRB 6640, 6620, 7600 and the new mid range robot IRB 4600; a compact, light-weight industrial robot with the longest vertical reach in its class.

Report: US considers taking equity stake in GM

Report: US considers taking equity stake in GM Washington - The US government is weighing taking an equity stake in General Motors Corp, Bloomberg financial news reported Tuesday citing people familiar with the negotiations. The largest US carmaker faces a June 1 government deadline to further restructure or lose government support designed to keep the industry afloat through the economic crisis and declining demand for US-made cars.

Tata-owned Jaguar may receive a 800-million pound refinancing loan

Jaguar Land RoverAccording to the Sunday Times, an 800-million pound refinancing loan for the Tata-owned Jaguar Land Rover (JLR) appears to be on the cards, given the "advanced talks" of the company with British ministers and a banking syndicate led by the Royal Bank of Scotland and Lloyds TSB.

The talks have been somewhat slow since November 2008, with officials being overwhelmed by "the size and power of the vast Tata business empire."

Jaguar Close To 800 Mln Pounds Loan From British Govt

Jaguar Close To 800 Mln Pounds Loan From British GovtTata Group-owned British car maker Jaguar Land Rover (JLR) has entered into the advanced stages of talks with the British government and banks on a loan of £800 million (Rs 5,840 crore), which could help the company on stream and save 15,000 jobs.

According to reports, talks were at a delicate stage and depended upon whether the Midlands-based car manufacturer could give enough security to the administration and a syndicate led by Royal Bank of Scotland and Lloyds for the loans needed.

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