Auto Sector

General Motors unlikely to make US government loan deadline

General Motors Washington - With a Tuesday deadline looming for its survival plan, General Motors appeared to be seeking a delay as it juggles demands by bondholders and unions, the Wall Street Journal reported Friday.

The country's largest car maker, which received a government loan lifeline of more than 13 billion dollars last year, was to have taken certain steps in its viability plan by Tuesday.

But GM could bump up against the deadline and receive an extension of 30 days, several people briefed on the matter told the Journal.

Nano will not affect two-wheeler market: Hero Honda MD

Nano will not affect two-wheeler market: Hero Honda MDNew Delhi, Mar 27 : Dispelling apprehensions over the future of the two-wheeler segment with the launch of Nano, Pawan Munjal, the Managing Director and Chief Executive Officer of Hero Honda Motors, said that it will have no bearing in the two-wheeler market.

"I am not saying there will be no impact at all. Some two-wheeler aspirants definitely move to a car. But there will be no major impact. There is not change in the market," Pawan said this on the sidelines of a meeting hosted by the Confederation of Indian Industry (CII) here on Thursday.

BMW-Sauber file protest in Formula One diffuser row

BMW-Sauber file protest in Formula One diffuser row Melbourne  - BMW-Sauber Thursday filed a protest against rival teams Brawn GP, Williams and Toyota over their cars three days ahead of the Australian Grand Prix.

BMW motorsport director Mario Theissen said the team was protesting over the use of the three teams' diffusers.

Protests from Ferrari, Renault and Red Bull were expected to follow.

The dispute centres around the rear diffusers, a part of the bodywork between the rear wheels and under the rear wing which disperse air from under the car.

Report: Ford in discussions over sale of Volvo Cars

Report: Ford in discussions over sale of Volvo Cars Stockholm  - US car giant Ford is in touch with "a number" of prospective buyers over its loss-making Swedish subsidiary Volvo Cars, reports said Wednesday.

London-based Ford spokesman John Gardiner told the online edition of Goteborgs-Posten he could confirm that Ford is in discussions about the future of Volvo.

Gardiner told Swedish radio news that Ford had contacted its employees in the west coast city of Gothenburg about the discussions.

Porsche secures new line of credit as it raises stake in Volkswagen

Porsche secures new line of credit as it raises stake in Volkswagen Stuttgart - Sports-car manufacturer Porsche SE said Wednesday that it has received a new credit line of 10 billion euros (13.6 billion dollars) to buy up shares of fellow German carmaker Volkwagen AG.

The loan agreement would also allow Stuttgart-based Porsche to expand the loan to 12.5 billion euros over the coming weeks, it said.

Opel extends Insignia range with station wagon, more engine options

Opel extends Insignia range with station wagon, more engine options

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