German carmakers party under China cloud

Last Updated: Sunday, September 13, 2015, 15:58

For the home team of BMW, Daimler and Volkswagen, as well as European rivals such as PSA Peugeot Citroen, China`s downturn also threatens to weigh on already weak emerging markets and put a damper on recovering demand at home.

Why are foreign carmakers still interested to invest in China?

Last Updated: Wednesday, September 2, 2015, 11:11

Foreign carmakers that raced into China to profit from what has become the world`s biggest automobile market by volume have no intention of backing out despite slowing sales as the Chinese economy shifts down.

Auto industry exploring collaborations with Australian firms

Last Updated: Monday, August 10, 2015, 22:18

A delegation representing the industry is on a visit to Sydney and Melbourne from August 10 to 14, to know about the local automotive technology and research, the Australian Trade Commission said in a statement.

Auto industry veteran Doug Betts joins Apple

Last Updated: Tuesday, July 21, 2015, 08:41

Betts` account on the social networking website for professionals said he joined the Cupertino, California-based company with the title of `Operations - Apple Inc` in July.

Sona Group founder Surinder Kapur passes away

Last Updated: Wednesday, July 1, 2015, 03:00

Auto component maker Sona Group founder and chairman Surinder Kapur Tuesday passed away after a brief illness.

Volvo selling remaining stake in Eicher for $278 mn

Last Updated: Wednesday, June 3, 2015, 22:29

Sweden`s Volvo AB is selling 1 million shares in Indian auto firm Eicher Motors in a deal valued at $278 million, according to a term sheet seen by IFR.

RBI rate cut: Auto companies happy, look to banks to pass on benefit

Last Updated: Tuesday, June 2, 2015, 15:51

Auto industry welcomed RBI's move to cut key interest rate by 0.25 percentage.

Ford India sales decline 4.67% at 11,714 units in May

Last Updated: Monday, June 1, 2015, 19:32

Automaker Ford India Monday reported a 4.67 percent decline in its total sales at 11,714 units in May.

Toyota promises to help find cause of Takata airbag defects

Last Updated: Friday, May 22, 2015, 16:47

Analysts say too many factors remain unclear to properly assess the ability of Takata to hold up under the costs of such massive recalls, the biggest on record.

Ashok Leyland suspends production of Stile

Last Updated: Tuesday, May 12, 2015, 22:16

Hit by poor sales, Hinduja Group flagship company Ashok Leyland has suspended the production of its first passenger vehicle - Stile, and has written down the investments made in the joint venture with Japanese auto maker Nissan Motor Company by Rs 214 crore, a top official said.

Swift crosses 13 lakh units sales mark in 10 yrs

Last Updated: Friday, May 8, 2015, 14:04

Over 1.3 million Swift cars have been bought in India.

Volkswagen chairman Piech resigns after dispute over CEO

Last Updated: Sunday, April 26, 2015, 08:05

Ferdinand Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's CEO.