| Hit the road | 24-NOV-09 |
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| Volkswagen revs up the market with a larger-than-life brand campaign. |
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| Mahindra's Gio logic | 24-NOV-09 |
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| The Gio, Mahindra & Mahindra hopes, will draw buyers from three-wheelers as well as small trucks like the Ace. |
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| VW backs Porsche contracts, paves way for merger | 21-NOV-09 |
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| Volkswagen AG’s supervisory board signed off on contracts for its takeover of Porsche SE in stages, clearing the way for Europe’s largest automaker to add the 911 sports car to its model line up. |
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| Tata Motors raises Rs 264 crore in new FD scheme | 18-NOV-09 |
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| Tata Motors, India’s biggest automotive company by revenue, has so far raised Rs 264 crore through the revised fixed deposit scheme which it launched in August this year. The company is authorised to raise Rs 1,300 crore from the revised scheme. |
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| MLR Motors to roll out small car in 2011 | 17-NOV-09 |
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| Hyderabad-based MLR Motors, originally scheduled to roll out its diesel and petrol variants of hatchbacks and light commercial vehicles (LCVs) by January 2009, is revisiting its plans, “as it couldn’t tie up funds for the Rs 1,100-crore project due to the recessionary market”, said managing director M Lokeswara Rao. “Leading banks and private equity players shied away from lending because of the market recession that happened since last October. Now, they are considering infusing funds,” he told Business Standard. |
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| Lohia Auto plans to launch hybrid scooters by 2012 | 16-NOV-09 |
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| Electric two-wheeler maker Lohia Auto Industries today said it plans to launch hybrid scooters in the country by 2012, for which it is in talks with a Taiwan-based firm to source engine components. |
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| BMW to build new China plant | 13-NOV-09 |
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| Bayerische Motoren Werke AG, the world’s largest maker of luxury cars, plans to build a new China factory to meet rising demand for premium products in an economy that’s poised to surpass Japan in size. |
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| India Eco Summit: Bajaj, Renault-Nissan finalise venture | 10-NOV-09 |
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| Ending months of uncertainty over their joint project to make an ultra-low-cost car, Bajaj Auto and Renault-Nissan have signed an agreement delineating their roles and fixing 2012 as the year when the car will hit the market. |
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| Who'll ride the Ghost? | 10-NOV-09 |
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| Rolls-Royce Motor Cars Asia Pacific Director Colin Kelly compares his company’s recently launched the Ghost to a sports jacket and the Phantom to a Tuxedo. The Ghost, a smaller car, sticks to the Phantom’s 2:1 roof-to-wheel height ratio. What is more, it has the same centre opening door configuration as its predecessor. It also has the same hand-crafted interiors and grill. But where the family of Phantom costs between Rs 3.9 crore and Rs 4.1 crore, the 16-inch smaller Ghost’s on road price is significantly lesser at Rs 2.5 crore. That’s nearly a third less than the Phantom. “We wanted something less formal and pretentious and more everyday,” says Kelly. Indeed, they’re both jackets, clearly addressing two very different niches. |
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