Sep 12, 2013 10:07 PM IST
Unlike in the Europe where companies have slashed investments in new products, the opposite is happening here. Companies have not tinkered with investments committed for product development though fresh investments in capacity build-up has suffered.
- Jul 31, 2013 08:35 AM IST
Delaware Court of Chancery Judge Donald Parsons stopped short of ordering VEBA, the United Auto Workers trust, to sell 54,154 Chrysler shares to Fiat for USD 139.7 million, as the Italian carmaker had sought in its lawsuit filed last year.
- Apr 22, 2013 03:23 PM IST
India's largest passenger car maker Maruti Suzuki is planning to launch 2 new diesel models by 2014-end and Japanese parent Suzuki is developing 2 engines in-house for India, to cash in on the increasing demand for diesel vehicles in the country.
- Mar 06, 2013 09:11 AM IST
Europe's ailing car market has weakened further in recent months; and with no signs of recovery, some industry leaders hope governments will relax their opposition to plant closures and job cuts needed to restore profits.
- Feb 08, 2013 08:15 PM IST
There could be some relief in the offing for consumer goods industry mostly automobile companies after the landmark SC Judgement on Fiat that pulled up the Italian carmaker for under-pricing its car and selling them below the cost price causing a revenue loss to the governemnt of about Rs 400 crore.
- Jan 31, 2013 07:58 AM IST
Fiat Chief Executive Sergio Marchionne said the Italian automaker is open to an initial public offering of a stake in its US unit Chrysler, adding "the faster we do it, the better it is."
- Jan 30, 2013 05:46 PM IST
The excise department is mulling to appoint cost accountants for calculation of cost data for the auto sector. The development has left the auto industry worried, reports CNBC-TV18‘s Ronojoy Banerjee quoting sources.
- Jan 25, 2013 08:12 PM IST
Italian carmaker Fiat said on Friday that it plans to more-than double its market-share above the 1-percent mark, as well as sell over 25,000 units this year, by ramping up its distribution network and launching new models.
- Dec 08, 2012 11:42 AM IST
If there was any hope that the review in the fiat excise valuation matter would succeed then that hope is now dashed. Not surprisingly as review petitions rarely succeed.
- Dec 06, 2012 04:47 PM IST
Italian carmaker Fiat, which is struggling with sluggish demand for its Punto and Linea cars in India, plans to shake up the operations here, with 9 new launches planned over next four years.
- Dec 03, 2012 02:19 PM IST
Chrysler, the US carmaker controlled by Italy's Fiat, was the first of the big three Detroit automakers to unveil strong November sales figures, boosted by economic optimism and replacements following superstorm Sandy.
- Nov 26, 2012 09:05 AM IST
Automakers are seeking the government‘s assistance now to revive sales going forward, reports CNBC-TV18's Ronojoy Banerjeee.
- Nov 22, 2012 10:43 AM IST
Wipro Ltd has joined the US-based Car Connectivity Consortium (CCC) to develop smartphone-based ...
- Jul 10, 2012 08:17 PM IST
With an eye on the fast growing Indian utility vehicles segment, Italian car major Fiat today said it could bring brands from Fiat-Chrysler portfolio, including Jeep and 500X, to the country.
- May 22, 2012 09:00 PM IST
Car maker Fiat SpA , which recently split with its distribution partner in India, is open to bringing all of its vehicle brands to the country, said a senior executive who will soon take charge of the Italian company's India operations.
- May 05, 2012 10:02 AM IST
Italian carmaker Fiat is to set up its own car dealer network in India to grow sluggish sales, ending a six-year distribution agreement with Tata Motors.
- May 02, 2012 04:39 PM IST
Tata Motors and Fiat are to realign their Indian joint venture, formed in 2006, to boost sluggish sales of the Italian car maker and further develop the Fiat brand in the country.
- Apr 09, 2012 05:46 PM IST
Ford Motor Co is recalling 140,310 Focus cars from model year 2012 in the United States to repair a potential problem with the passenger-side windshield wiper motor, according to U.S. safety regulators.
- Mar 28, 2012 09:32 PM IST
Italian tax police said on Wednesday it had seized Italian assets worth more than 1.1 billion euros belonging to members of the Gaddafi family.
- Mar 19, 2012 06:59 PM IST
Fiat India is now looking again to once again revamp its distribution network in a revised joint venture pact with Tata Motors
- Feb 23, 2012 09:30 PM IST
Premium textile major Raymond's auto components arm, Ring Plus Aqua, today acquired Pune-based Trinity India for Rs 54 crore. "We have picked up 78% in Trinity, for Rs 54 crore. We have bought out the entire promoters' stake and some large institutional investors," Raymond president (engineering division) Harshal Jayavant told PTI.
- Feb 14, 2012 09:20 AM IST
Strong demand for luxury Land Rover sports utility vehicles overseas, continued momentum for light commercial vehicles and rebound in sales of its passenger vehicles in the domestic market are expected to power Tata Motors' earnings in the third quarter.
- Jan 18, 2012 09:22 PM IST
Italian car maker Fiat said it will supply 100,000 more small diesel engines to Suzuki Motor Corp's Indian unit, in addition to those already licensed, amid strong demand in the Indian car market.
- Jan 06, 2012 01:50 AM IST
Italy's Fiat SpA has raised its stake in Chrysler Group LLC by 5% to 58.5%, meeting a final target set by the US government as the two groups move closer to creating one of the world's leading auto makers.
- Dec 01, 2011 03:30 PM IST
Tata Motors' total sales in November surged 41% year-on-year to 76,823 units, helped by strong pickup in passenger vehicle sales, especially the Nano and Indica. Its domestic sales were up 44% at 72,474 units during the month.