Toyota Motor Corp is likely to have retained its position as the world's best-selling carmaker for the first nine months of the year, beating rivals General Motors Co and Volkswagen AG, company figures showed on Monday.
General Motors Co CEO Mary Barra on Tuesday called her company's slow response to faulty ignition switches linked to at least 13 deaths "unacceptable," but could not give U.S. lawmakers many answers as to what went wrong.
MNC auto firms that sold cars below cost, at a loss, thereby paying lower excise duty are prime targets.
General Motors Co said on Tuesday Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker.
Global auto companies are investing huge money to build infrastructure in the country despite the slowdown.
The company has purchased 43 per cent stake from its Chinese partner Shanghai Automotive Industry Corporation Group for an undisclosed sum.
The world's largest automaker is jilting America's Super Bowl for the global variety of football.
The companies continue to see heavy demand in utility cars.
The past couple of years have been tough for everyone 'but things are now definitely looking up. There are certain signs of life in the industry,' General Motors Co's North American president Mark Reuss told reporters on the sidelines of the Chicago Auto Show.
General Motors Co. plans to remove its GM "Mark of Excellence" from all models launched by the company in the future.
About 1,800 workers at Rico Auto Industries, in Gurgaon near Delhi, ended their almost 50-day strike following an agreement with the management on reinstatement of some employees.
GM India has asked customers facing problems with their remote keyless entry accessory to go to their Chevrolet dealer.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Much of Mary Barra's first year as CEO was spent dealing with crisis.
Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
it's the first all-wheel drive electric car.
The compact sleek car with no grille features a roof that is a panoramic pane of glass from front to back.
Over seven lakh vehicles have been recalled by various manufacturers in India since 2012.
Over seven lakh vehicles have been recalled by various manufacturers in India since 2012.
Volkswagen AG will probably have to show there was some legitimate reason to install software that led to false vehicle emissions tests.
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
Earlier this year, Toyota Motor Corp was fined $1.2 billion for concealing problems related to sudden acceleration of some of its vehicles.
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