GM sales down 50% last month!
General Motors has revealed that their sales in the US market were down 49 percent.
This drop was steeper than what the market had expected.
This is however not surprising considering the entire US market is going through a recession.
The overall sales in the US market are also [...]
Ford sales in the US market down 40%
Ford Motor has posted a major drop in US sales last month. The company’s sales were down 40% compared to last year.
They are not alone in the mess. Even the Japanese automaker Toyota reported a 34 percent sales decline in their sales in the market.
Nissan Motor [...]
Tata still has plans to bring Jaguar Land Rover in India
Tata might have posted major loss in their automotive division. The company still hopes to bring their recently acquired Jaguar Land Rover brands in the Indian market.
The company is also struggling with these luxury brands which they acquired from the US automaker Ford.
The [...]
Maruti Suzuki sold record number of cars in January
Times might be tough for the Indian auto industry but Maruti Suzuki seems to be doing just fine.
The company has just posted their highest ever monthly sales of 71,779 units in the month of January.
They had previously touched the sales mark of 71,772 cars in March [...]
Ford reports a $14.6 billion loss in 2008
US based automaker Ford has revealed that it made a $14.6 billion loss in 2008.
The company still is not looking for a federal bailout like their rivals GM and Chrysler.
Ford however has told their lenders that they would draw $10.1 billion from an existing line of [...]
Toyota recalling more than 1.35 million vehicles
Japanese automaker Toyota has announced that they are now recalling more than 1.35 million vehicles for safety fixes.
The company is recalling Vitz, Belta and Ractis models.
Around 525,898 cars are being recalled in their home market Japan.
Another 830,000 units are being recalled from other markets.
The company [...]
BMW sold 2,908 cars in India in 2008
German luxury car maker BMW has revealed that they sold 2,908 cars in India in 2008.
2008 was the second year for the company in the Indian market and they are doing well in these tough economic times.
They are pretty close to their rivals Mercedes-Benz, which sold 3,625 [...]
Bajaj nearing launch of 250cc and a 300cc bikes
Indian automaker Bajaj Auto has revealed that they are working on high performance bikes which would be launched under their own brand name.
The company already sells a 220 cc edition of Bajaj Pulsar.
They are soon expected to launch new models powered with 250cc and [...]
Ford: We do not need government loans for survival
GM and Chrysler both have received bailout money from the US government.
Ford on the other hand has said that they have enough liquidity to fund its restructuring plan.
Ford CEO Alan Mulally said in a statement: “We don’t want to borrow any more money. We have [...]
Harley-Davidson to cut 1100 jobs over two years
Harley-Davidson has become the latest automaker to announce a job cut.
The legendary bike maker would cut 1100 jobs over a period of two years.
The company also plans to close some facilities and consolidate others to cut costs.
Harley also came out with their latest revenue report [...]
