Managers at Toyota to buy company cars to boost confidence
Japanese automaker Toyota has said that around 2,200 of their general managers are planning to buy cars from the company in order to show confidence in the company at the end of the financial year.
This is a voluntary step being taken by the company [...]
Hyundai Genesis sedan is the North American Car of the Year
South Korean automaker Hyundai has something to celebrate.
Their Genesis sedan model has won the North American Car of the Year award.
This is a major achievement for the company as they managed to defeat American and Japanese automakers to win this award for their [...]
Ford aiming to launch a small electric car in USA in 2011
Ford Motor has announced that they are aiming to launch an electric car in the US market by 2011.
This launch would be part of their plan to have electric, hybrid and plug-in hybrid vehicles on sale within the next four years.
Ford is working with [...]
Ford Taurus 2010 to be showcased at the Detroit auto show
US based automaker Ford has showcased their 2010 edition Ford Taurus at the Detroit auto show.
This model used to be the best selling model in the US market.
The company is hoping that this new edition model would boost sales at a time when [...]
Audi India saw improved sales in 2008
German automaker Audi has said that they have managed to triple their sales in the Indian market in 2008 compared to the previous year.
The company has expanded their presence in India massively and are selling a lot of new models.
The launch of these new models helped the company boost [...]
PSA Peugeot Citroen entering India again?
Peugeot has made an attempt to enter the Indian market in the past. That entry was a major failure for the company as they failed to sell many cars.
The company is said to be working on plans to reenter the Indian market as it becomes more and more lucrative [...]
General Motors India set to hike prices on their models
General Motors cars are set to become more expensive as the company would hike the prices from January 9.
GM said that the rising costs of raw material for their cars is causing this latest price hike.
The company however sees no improvement in sales in the first [...]
Chrysler gets a USD 4 billion loan from the government
US based automaker Chrysler has now received USD 4 billion in loans from the US government.
This comes after the US government provided a similar financial assistance to GM.
Chrysler Chief Executive Bob Nardelli said in a statement: “This initial loan will allow the company to continue [...]
Hyundai and Honda gainers in the month of December
A couple of automakers have revealed their sales figure for the month of December 2008.
Most of them have reported falling sales.
Hyundai and Honda have however done the opposite. Both the companies gained from new product launches in the recent times.
Hyundai gained on the sales of [...]
Tata Motors: Big loser for the month of December
Indian automaker Tata Motors has come out with their sales figures of December 2008.
the company has reported a drop in sales by 44%.
Tata Motors sold 23,894 units in December 2008.
Including exports, their sales were at 25,219 vehicles. This is also down 47%.
The sales of [...]
