Spain's CIE and India's Mahindra agree on deal to create major supplierJune 15, 2013 17:56 CET  Spain's CIE Automotive will buy a majority stake in the combined auto component unit of India's Mahindra Group to create a new company that will become one of the top 25 global suppliers, with annual sales of $3 billion and operations from North America to Asia.... Read More »
Apollo's second offer to buy Cooper creates new global tire giant 11:59 am U.S. ET | June 13, 2013  Apollo Tyres' $2.5 billion offer to buy Cooper Tire & Rubber, announced this week, wasn't the first time the Indian company tried to acquire the American tire producer. Now the combined company promises to be a major player in the world tire business, with numerous connections to automakers.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billion 9:57 am U.S. ET | June 12, 2013  India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billionJune 12, 2013 15:57 CET  India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
KEITH CRAIN The more things change 12:01 am U.S. ET | June 3, 2013  It doesn't seem that long ago that a lot of us were driving station wagons. It looks to many like we have slowly migrated back into three-row vehicles.... Read More »
A small(er) Ford crossover for U.S.? 12:01 am U.S. ET | June 2, 2013  Ford has developed a smaller, Fiesta-based crossover called the EcoSport in Brazil for global markets. Now executives are hinting that it may bring the EcoSport to the United States.... Read More »
Nissan readies Datsun brand for IndiaMay 24, 2013 06:01 CET  Nissan will introduce its first Datsun model in India by March 2014 as the carmaker offers cheaper vehicles in a push for a fivefold increase in its share of Asia's third-biggest auto market. CEO Carlos Ghosn revived the brand to widen Nissan's appeal to customers in countries such as India, Russia and Indonesia.... Read More »
Audi overtakes BMW as India's top-selling premium brandMay 18, 2013 06:01 CET  Audi has overtaken BMW as India's top seller of luxury vehicles, and Audi executives say the success is due to the automaker's rapid expansion outside large urban centers, as well as the Q3 SUV introduced last year.... Read More »
Renault-Nissan parts warehouse in India nearly destroyed by fireMay 10, 2013 06:01 CET A major warehouse supplying parts to a Renault-Nissan plant in India was almost destroyed by fire early on Thursday, but the incident is unlikely to affect alliance operations in the country, Nissan said today.... Read More »
Renault-Nissan parts warehouse in India nearly destroyed by fire 3:48 pm U.S. ET | May 9, 2013 A major warehouse supplying parts to a Nissan-Renault alliance plant in India was almost destroyed by fire early today, a Nissan spokeswoman said, possibly affecting production at the plant that makes 400,000 vehicles a year.... Read More »
BMW under inspection in India after report of tax probeMay 9, 2013 06:01 CET  BMW has said it is cooperating with Indian authorities after a newspaper reported the automaker is being investigated for possibly owing $120 million in taxes.... Read More »
Mercedes, BMW, Audi chase young, female, frugal customers in IndiaApril 23, 2013 12:11 CET  In an effort to raise stuttering sales in India that far lag emerging Asian rival China, Mercedes, Audi and BMW are targeting young and female buyers outside the ultra-rich classes with small locally made cars.... Read More »
Ex-Hyundai Europe boss to run VW IndiaApril 16, 2013 06:01 CET  VW has promoted Gerry Dorizas, its veteran head of sales in India and a former chief of Hyundai Europe, to run its overall operations in the country.... Read More »
Tough road ahead for India carmakers as boom market crashesApril 13, 2013 13:54 CET  India's annual car sales fell for the first time in a decade in the financial year just ended and are expected to post subdued growth this year, calling into question bullish expectations that fueled billion-dollar bets from global manufacturers.... Read More »
Tough road ahead for India carmakers as boom market crashes 7:54 am U.S. ET | April 13, 2013  India's annual car sales fell for the first time in a decade in the financial year just ended and are expected to post subdued growth this year, calling into question bullish expectations that fueled billion-dollar bets from global manufacturers.... Read More »
Tata may add higher priced Nano models to counter slow salesApril 11, 2013 06:19 CET  Tata may launch higher priced models based on the Nano, the $2,000 compact it introduced with great fanfare in 2008. The reason: Few buyers wanted a vehicle that was primarily pitched as a cheap alternative to a motor scooter.... Read More »
LUCA CIFERRI Germany stumbles in global sales race 12:01 am U.S. ET | April 4, 2013  Germany knows just how powerful the BRIC nations have become. Once the world’s third-largest vehicle-sales market, Germany is at risk of falling to seventh in the global ranking this year because of the rise of the BRICs (Brazil, Russia, India and China).... Read More »
INDIA Fiat bets on SUVs and sporty cars in India rebootMarch 27, 2013 10:01 CET  Fiat will open a fully-owned dealer network in India almost a year after it ended an unsuccessful partnership with Tata to build and distribute cars in the country. Fiat hopes to crack the world's seventh-largest car market by tapping into fast-growing areas such as SUVs and sporty cars.... Read More »
WPP India unit sacks employees after sexist Ford adsMarch 26, 2013 19:31 CET  An Indian unit of advertising group WPP has sacked employees over a series of ads, including one showing women tied up in the trunk of a Ford driven by ex-Italian Prime Minister Silvio Berlusconi.... Read More »
WPP India unit sacks employees after sexist Ford ads 1:31 pm U.S. ET | March 26, 2013  An Indian unit of advertising group WPP has sacked employees over a series of ads, including one showing women tied up in the trunk of a Ford driven by ex-Italian Prime Minister Silvio Berlusconi.... Read More »
MARKETING Ford apologizes for mock ads showing tied-up womenMarch 25, 2013 16:52 CET  Ford and a WPP unit apologized over unauthorized ads for the Figo in India, including a version depicting former Italian Prime Minister Silvio Berlusconi tying up and gagging three young women.... Read More »
Ford apologizes for mock ads showing tied-up women 10:52 am U.S. ET | March 25, 2013  Ford and a WPP Plc unit apologized over unauthorized ads for the Figo in India, including a version depicting former Italian Prime Minister Silvio Berlusconi tying up and gagging three young women.... Read More »
Jaguar Land Rover studying India production, report says 12:04 pm U.S. ET | March 3, 2013  Jaguar Land Rover is investigating the potential of manufacturing cars and light trucks in India, company sources said, as the carmaker looks to build on its growth in emerging markets with the help of Indian parent Tata Motors. Building cars in India, which has developed into an emerging market export hub for many global carmakers, would allow Jaguar Land Rover to skirt high import taxes on luxury cars.... Read More »
Renault, Nissan will build new plant in India, report saysFeb. 21, 2013 19:46 CET  Renault and Nissan will invest about $320 million in a new car assembly plant in India to build Datsuns and low-cost Renault cars, a Japanese business paper said.... Read More »
Bosch's auto unit boss expects sales rebound in 2013Feb. 13, 2013 06:01 CET  Bosch's auto division boosted global sales by 1.7 percent last year but missed its 2012 sales target, Bernd Bohr, the unit's boss, said. For 2013, he expects sales to increase by 3 percent to 5 percent, but to reach that goal cuts will need to be made.... Read More »
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