Archive for August 19th, 2008

GM returns to employee pricing to lift sales

Tuesday, August 19th, 2008

General Motors Corp, aiming to boost sagging sales, rolled out a major promotion for US dealers on Monday that includes employee-level discounts on almost all the Chevrolet cars and trucks in its showrooms.
The discount offer takes effect on Wednesday and marks GM’s return to a strategy it had abandoned in the last two years in […]

Not in race for acquiring Hummer: M&M

Tuesday, August 19th, 2008

Rubbishing reports of its interest in American iconic utility vehicle Hummer, Mahindra & Mahindra on Monday said it was not pursuing the brand, which General Motors has put on the block.
The Indian farm equipment and utility vehicle major also said it was in dialogue with Chrysler to sort out a dispute over the grill design […]

Tata factory adds to economic prosperity of Singur

Tuesday, August 19th, 2008

Residents in Singur in West Bengal, who were once unhappy with setting up of the Tata factory in their area, are today thanking the authorities for having opened up new earning avenues for them.
They working as daily labourers around the factory are happy to earn a respectable livelihood through various employment avenues generated by the […]

We are sorting out the Scorpio grill issue: Anand Mahindra

Tuesday, August 19th, 2008

M&M vice-chairman and MD Anand Mahindra said that while there is an issue only with the grill of the Scorpio, �we are sorting it out.�
M&M and Chrysler are embroiled in a dispute over the front grill design of the Scorpio. Chrysler alleges that M&M copied the design from its automobile marquee, Jeep.
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Courtesy: www.indiacar.net

Hyundai mulls selling i10 model in US

Tuesday, August 19th, 2008

Hyundai Motor Co is considering introducing its i10 model, a small hatchback produced in India, to the US market to meet rising demand for small cars amid higher oil prices, a company official said on Monday.
“We are considering launching the i10 (in the United States) as more customers are looking for smaller cars. […]

Escorts sees 10-12 pc rise in tractor sales

Tuesday, August 19th, 2008

Tractor maker Escorts Ltd expects to post a 10-12 percent rise in tractor sales for the year-ending September 2008, a senior official said on Tuesday.
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Courtesy: economictimes.indiatimes.com

Mahindra buys 51% in Chinese tractor co

Tuesday, August 19th, 2008

Tractor and utility vehicle maker Mahindra & Mahindra has agreed to pick up majority equity in a joint venture it will form with China�s third largest tractor company, Yancheng Tractor.
The new venture will hold the divested tractor business of the state-owned Chinese company. The deal will strengthen M&M�s tractor company, Mahindra Farm Equipment Sector, the […]

Escorts Ltd to hike prices of tractors within this month

Tuesday, August 19th, 2008

Tractor manufacturer Escorts Ltd said on Tuesday that it would hike the prices of its products within this month, even as it looks for a 10-12 per cent growth for the fiscal 2007-08 (ending on September).
“The steel prices have been growing up and since late December we have already seen three price hikes and another […]