Unique Spyker bond offers B6 Venator as redemption

Dutch supercar maker Spyker N.V may have delayed its plans to enter India but has in the meantime introduced first-of-its-kind investment opportunity to support launch of its Spyker B6 Venator. The company has creat...

Now seat belts get more advanced with TRW system

TRW Automotive Holdings Corp has announced that its second generation Active Control Retractor system (ACR2) has started production on the 2014 Cadillac CTS. This is the first launch of this advanced seat belt techn...

Sonalika plans 2 assembly tractor plants in Africa

Hoshiarpur (Punjab) based Sonalika group International Tractors Ltd (ITL) is contemplating on establishing two more assembly plants in Africa, riding back on the success of exporting 6,000 units in that region. Acco...

Bridgestone India to expand Pune plant capacity

Bridgestone India, the domestic arm of the global tyre major, Bridgestone corporation is contemplating on revamping its capacity at its manufacturing plant in Pune. The company is planning to achieve a production of...

Volvo Cars records 1919m SEK operating profit

Manufacturers of Volvo cars are now finally out of the woods. The Volvo Car Group reported a full-year operating profit of 1,919 million Swedish Kroner (MSEK) (Approx. Rs 1825 crore ) for 2013 and will stay in the ...

Toyota Kirloskar lifts lockout in Bidadi plant

Exactly five days after declaring a lockout at its two plants in Bidadi in the outskirts of Bengaluru in Karnataka, Toyota Kirloskar Motor Ltd has lifted the lockout late March 20, 2014. The two plants produce more ...

ibibo group acquires bus tracking entity YourBus

Acquisition in the digital world continues and the latest is that the bus tracking and analytics firm, YourBus has been acquired by the ibibo group. This was stated by YourBus in a press release. The group had acqu...

A 7,900 tonne stamping machine at JLR plant in UK

Jaguar Land Rover, a Tata Motors owned company based in the UK and a leading manufacturer of premium vehicles has invested £45m (Rs 455 crore approx.) in a new state-of-the-art servo press line at its Halewood Opera...

Renault, Nissan Alliance convergence plan

The Renault Nissan Alliance is implementing a convergence plan which will result in a minimum Euro 4.3 billion (Rs 36,542 crore approx.) annual synergy goal by 2016. The convergence will happen in four key areas: En...

Maruti seeks minority shareholder view on Gujarat

Though not required by law, the Board of Directors of Maruti Suzuki India Limited (MSIL) in a meeting held on March 15, 2014 has decided to seek minority shareholders’ approval as stipulated in Section 188 of the Co...




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