Tata the owner of Jaguar Land Rover, said third-quarter profit more than tripled as a global economic recovery and rising wealth in emerging markets boosted demand for luxury vehicles. Jaguar's China sales gained almost 50 percent last year.
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Ford said it would offer holders of its Motor Company Capital Trust II preferred securities stock or cash by 15 March, reducing debt by about US$3bn.
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Tata Motors has booked a substantial rise in quarterly net profit of INR24.24bn ($530m) for the fiscal third quarter ended 31 December compared with INR6.5bn a year earlier.
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Notorious German tuning company gives the Evora a radical makeover.

Fiat CEO Sergio Marchionne's summons to the heart of the Italian government tomorrow (12 February) has been prompted by job loss fears should the automaker decide to move its headquarters to the US.
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The Auburn Hills (Michigan) offices of TK Holdings - Takata's North American operations subsidiary - were raided this week by FBI agents and Department of Justice officers as part of an antitrust investigation.
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PSA's China sales rose 12.9% in January on year-on-year figures. The automaker and its Chinese partner Dongfeng sold 24,400 Citroen vehicles and 17,500 Peugeots in the first month of the year.
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After a series of leaks the C-Class Coupe is officially revealed, and we have all the info.
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For the second time images of Merc's three-door C-Class hit the web early ahead of its Geneva debut.

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Hyundai Motor affiliate Kia Motors will launch its third generation Rio at the Geneva motor show next month.
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Daimler has been charged with insider trading by Paris judges in a five-year-old investigation into sales of European Aeronautic, Defense and Space Co. shares.
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Kia has given the redesigned Rio subcompact a 'powerful, bold design,' new engine options and an upgraded interior in a bid to woo more buyers in Europe. The new model range will also include a three-door version for the first time.
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Russian car maker GAZ made a profit during the first nine months of 2010 of 1.7 billion rubles ($58 million), ahead of its own forecasts, two sources close to the company told Reuters.
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Fiat CEO Sergio Marchionne will meet with Silvio Berlusconi Friday to discuss the status of Fiat's Italian investment plan to revamp five Italian car plants after the signing of a deal with labor unions and Marchionne's comments that Fiat and...
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Fiat CEO Sergio Marchionne was meeting with Italian Prime Minister Silvio Berlusconi to discuss the status of Fiat's Italian investment plan to revamp five Italian car plants after the signing of a deal with labor unions and Marchionne's comments...
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Renault CEO Carlos Ghosn said merging with alliance partner Nissan was still 'not feasible' and not part of the mid-term strategy because of internal opposition at both companies.
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Hatchback gets brand new look, better quality interior and ultra-efficient engines

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Chrysler Group hopes to attract younger buyers for its Dodge brand with a sportier lineup of vehicles aimed at remaking the nameplate's image.
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The acquittal of Toyota's electronics in cases of unintended acceleration will slow momentum for new safety measures involving brakes, ignition switches and data recorders.
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Markham, Ontario -- The first-ever de Macross GT1 looks like a million bucks. Which is fortuitous, because its sticker price will be at least one million. Probably more. But what would you expect to pay for an automotive art object rendered in carbon fibre and aluminum that can also cruise over 200 mph?
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up