Russian prime minister Vladimir Putin has supported a proposal to allocate RUB1.043bn for the Samara regional government as compensation for carmaker AvtoVAZ' social facilities that were transferred to the municipal government, Itar-Tass reported.
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Tata Motors has prepared a compensation package for Nano suppliers forced to relocate their units to Sanand in Gujarat from Singur after work on the 95%-complete factory there was stopped after violent protests over land seizures. But the automaker has nonetheless decided to keep 997 acres at Singur and renew the lease which expires on 31 March, a local newspaper said.
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BMW has agreed to supply turbocharged diesel engines to Carbon Motors Corp. to power Carbon's purpose-built police cars.
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Sweden's Autoliv has increased its outlook for first-quarter sales and profit thanks to stronger performances in Asia and North America. The world's leading airbag and seatbelt manufacturer said it expects net sales in the first quarter to rise about 85% from the same period last year, instead of a previous forecast of 70%, and operating margin to climb to "at least" 11% rather than the 8.5% predicted earlier.
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Tata Motors, India's largest vehicle maker, has signed a contract with Myanmar Automobile and Diesel Industries to set up a heavy truck plant in the military-ruled country once known as Burma.
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Fiat's baby to get electric power in the US from 2012
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Kia's new D-segment family car, replacing the Magentis, will be called the K5 when it goes on sale in its home market in May after making its debut at next week's New York motor show, the company has announced. The vehicle had until now been known by its project name TF.
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EDITOR WES RAYNAL: Delightful. What a terrific little package. Pricey, yeah, but a nice, good-looking car, and it makes a fine alternative to a small ute.
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Honda expects its global car production to rise by as much as 8% in the 2010 financial year starting next month. This will be spurred by demand in Asia, the Nikkan Kogyo industrial daily reported on Monday.
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Chrysler Group said today that it plans to build an electric version of the Fiat 500 minicar for sale in the United States beginning in 2012. Full story…
Ford Motor Co. CEO Alan Mulally earned $1.4 million in salary and did not receive a cash bonus for 2009, but his total compensation rose because of stock-based awards.
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Ford Motor Co. CEO Alan Mulally earned $1.4 million in salary and did not receive a cash bonus for 2009, but his total compensation rose because of stock-based awards.
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When news hit last week that Nissan was plucking Hyundai's Joel Ewanick to be its new marketing chief, it didn't take John Wolkonowicz long to discern what the No. 3 Japanese automaker was up to. Nissan wants to win U.S.
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Chrysler will build an electric version of the Fiat 500 minicar for sale in the United States, starting in 2012, the automaker said on Monday.
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Chrysler may develop a unibody small pickup positioned below the Dakota, whose production will end in 2011.
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Kenji Naito has been named Nissan Korea's chief executive from 1 April.
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PSA Peugeot Citroen is to suspend production at its Slovak assembly plant for 13 days over the next three months due to a drop in demand, local paper Hospodarske Noviny said on Monday.
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Volkswagen's Czech Republic unit Skoda Auto on Monday said it had achieved record sales last year "despite very difficult conditions [in] car markets" and booked profits, though these were down year on year.
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