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  • No slowdown in auto sector; cos line up new launches Sep 12, 2013 10:07 PM IST

    No slowdown in auto sector; cos line up new launches

    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.

  • Fiat wins partial victory in bid to own all of Chrysler Jul 31, 2013 08:35 AM IST

    Fiat wins partial victory in bid to own all of Chrysler

    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.

  • Maruti Suzuki plans to 2 new diesel models by 2014-end Apr 22, 2013 03:23 PM IST

    Maruti Suzuki plans to 2 new diesel models by 2014-end

    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.

  • Carmakers fear European recovery could take years Mar 06, 2013 09:11 AM IST

    Carmakers fear European recovery could take years

    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.

  • Possible relief for auto cos, Govt may address Fiat ruling Feb 08, 2013 08:15 PM IST

    Possible relief for auto cos, Govt may address Fiat ruling

    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.

  • Fiat CEO wants to do Chrysler buyout Jan 31, 2013 07:58 AM IST

    Fiat CEO wants to do Chrysler buyout

    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."

  • Budget 2013-14: Excise dept mulls appointing cost accountants for cost data Jan 30, 2013 05:46 PM IST

    Budget 2013-14: Excise dept mulls appointing cost accountants for cost data

    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.

  • Fiat eyes sale of 25,000 units; 1% market-share this year Jan 25, 2013 08:12 PM IST

    Fiat eyes sale of 25,000 units; 1% market-share this year

    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.

  • Excise Valuation: Review Dismissed! Dec 08, 2012 11:42 AM IST

    Excise Valuation: Review Dismissed!

    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.

  • Fiat to rev up India ops with 9 launches including Jeep Dec 06, 2012 04:47 PM IST

    Fiat to rev up India ops with 9 launches including Jeep

    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.

  • Chrysler sales rises after super storm Sandy Dec 03, 2012 02:19 PM IST

    Chrysler sales rises after super storm Sandy

    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.

  • Automakers sends status report to FinMin, seeks help Nov 26, 2012 09:05 AM IST

    Automakers sends status report to FinMin, seeks help

    Automakers are seeking the government‘s assistance now to revive sales going forward, reports CNBC-TV18's Ronojoy Banerjeee.

  • Wipro to develop industry standard car solutions Nov 22, 2012 10:43 AM IST

    Wipro to develop industry standard car solutions

    Wipro Ltd has joined the US-based Car Connectivity Consortium (CCC) to develop smartphone-based ...

  • Fiat eyes UV segment; Jeep, 500X models on radar for India Jul 10, 2012 08:17 PM IST

    Fiat eyes UV segment; Jeep, 500X models on radar for India

    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.

  • Fiat chooses new India head, mulls new brands in market May 22, 2012 09:00 PM IST

    Fiat chooses new India head, mulls new brands in market

    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.

  • Fiat cuts India distribution tie with Tata Motors May 05, 2012 10:02 AM IST

    Fiat cuts India distribution tie with Tata Motors

    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.

  • Tata Motors, Fiat to realign Indian joint venture May 02, 2012 04:39 PM IST

    Tata Motors, Fiat to realign Indian joint venture

    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.

  • Ford recalls more than 140,000 Focus cars in US Apr 09, 2012 05:46 PM IST

    Ford recalls more than 140,000 Focus cars in US

    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.

  • Italy police seize 1.1 bln euro Gaddafi family assets Mar 28, 2012 09:32 PM IST

    Italy police seize 1.1 bln euro Gaddafi family assets

    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.

  • Revised Tata JV gives focus to Fiat distribution Mar 19, 2012 06:59 PM IST

    Revised Tata JV gives focus to Fiat distribution

    Fiat India is now looking again to once again revamp its distribution network in a revised joint venture pact with Tata Motors

  • Raymond snaps up auto component maker Trinity for Rs 54 cr Feb 23, 2012 09:30 PM IST

    Raymond snaps up auto component maker Trinity for Rs 54 cr

    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.

  • What to expect from Tata Motors Q3 results? Feb 14, 2012 09:20 AM IST

    What to expect from Tata Motors Q3 results?

    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.

  • Fiat supplies more diesel car engines to India Jan 18, 2012 09:22 PM IST

    Fiat supplies more diesel car engines to India

    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.

  • Fiat ups Chrysler stake in move towards merger Jan 06, 2012 01:50 AM IST

    Fiat ups Chrysler stake in move towards merger

    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.

  • Tata Motors Nov sales up 41%; Nano, Indica sales jump Dec 01, 2011 03:30 PM IST

    Tata Motors Nov sales up 41%; Nano, Indica sales jump

    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.

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