Ford to invest $740 mln in Detroit train station, city development project

Ford aims to turn the building into a campus of offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services. Ford Motor Co disclosed Tuesday it will spend $740 million on a project to revamp Michigan Central Station, Detroit’s historic but dilapidated former rail station, as well as other neighborhood sites. […]


Mercedes-Benz India donates 30 lakhs to Kerala CM’s relief fund

As per the company statement, the brand has already prepared a cross-functional task force comprising customer service teams to support those customers whose vehicles have been damaged in the inundations that has affected Kerala. New Delhi: collectively to the CM Relief Fund in the wake of the grim situation leading to the loss of lives and properties in Kerala. The […]


Mercedes-Benz to launch first all-women Mechatronics course in India

This course is currently available in Pune, Aurangabad, Delhi, Noida and Thiruvananthapuram across public and private colleges. Mercedes-Benz on Tuesday signed an MoU with Maharshi Karve Stree Shikshan Samstha , an all-women’s college to start the one-year Advanced Diploma in Automotive Mechatronics (ADAM) course. This will be company’s second MoU signing in Pune and seventh in the country for the […]


Tata-JLR to bring three new models in the next five years

One of the first models will be Land Rover Defender which scheduled to launch in the fiscal year 2020-21. The luxury arm of Tata Motors Jaguar Land Rover is planning to bring three new models in the next five years, the company said in a presentation to investors. One of the first models will be Land Rover Defender which scheduled […]


Blacklane introduces Chauffeured Green Class with Teslas

Blacklane introduces Chauffeured Green Class with Teslas Travelers can now book and take emissions-free chauffeured rides in 20 cities with Blacklane. The company’s new Green Class features Tesla Model S and Model X vehicles in Adelaide, Amsterdam, Auckland, Austin, Basel, Birmingham (U.K.), Denver, Dublin, Edinburgh, Hong Kong, Honolulu, Lisbon, London, Milan, Montreal, Munich, Paris, Phoenix, Sydney and Zurich. The Green […]


VW Group owned MAN Trucks exits

The company has put its Pithampur plant on the block for sale and the employees at the plant will continue to work till the orderbook is executed by October say people in the know. Mumbai: MAN Trucks India, the fully owned subsidiary of the Volkswagen Group-owned has pulled the plug off the growing Indian market as part of its global […]


M&M gets shareholders’ nod to raise Rs 5,000 cr via securities

In its latest annual report, M&M said the funds will be used to augment resources for the ongoing capital expenditure, long-term working capital/short term working capital and for general corporate purposes. Home-grown auto major Mahindra & Mahindra (M&M) has received the shareholders approval to raise up to Rs 5,000 crore by way of securities on private placement basis, amid persistent […]


Madras High Court rejects Hyundai Motor’s plea on ‘anti-competitive

The matter relates to a complaint lodged with the CCI in 2011 by one Shamsher Kataria of New Delhi, alleging anti-competitive practices by three car-makers in the country. The Madras High Court has dismissed an appeal filed by Hyundai Motor India Ltd, assailing the decision of the Competition Commission of India (CCI) to investigate the company for alleged anti-competitive practices […]


Tata Motors hopeful of JLR returning to profitability soon

The statement comes within days of the company reporting a massive Rs 1,864 crore net loss in the June quarter. Tata Moltors today said it aims to deliver profits both at British marquee arm JLR as well as the domestic business even as it remained silent on the future of the small car Nano that has been facing headwinds for […]


Honda Cars beats M&M to become the third largest car maker

Honda cars sold 19970 units in the month of July, growing at a rate of 17 percent, whereas Mahindra & Mahindra sold 19781 units in the same period, seeing a decline of 6 per cent in domestic sales. Japanese carmaker Honda Cars India Limited (HCIL) has become the third-largest passenger vehicle maker surpassing Mahindra & Mahindra in the month of […]