In one of the most fierce and controversial battles for investments, Maharashtra -- specifically, Pune -- beat 17 locations and 6 states, including AP to win over Volkswagen and consolidate its position as India's Detroit.
German auto giant Volkswagen has asked its joint ventures in China to slash costs by $500 million by the end of 2005 to face an expected profit drop due to intense competition, especially from General Motors, the state media reported on Tuesday.
Scandal-hit German carmaker Volkswagen on Monday said it will recall 1,950 diesel vehicles in China to rectify engine software that cheats on emissions tests.
Volkswagen has come under fire from various authorities.
VW is under pressure to identify those responsible, to say how vehicles with illegal software will be fixed.
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