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Showing posts with label India. Show all posts
Showing posts with label India. Show all posts

Tuesday, September 20, 2011

Tata Nano: World's Most Affordable Car Receives a $4.6 million Gold Treatment [with Videos]


When Ratan Tata revealed the $2,500 Nano mini car in India in January 2008, the owner and Chairman of Tata Motors, made headlines the world over with the world’s cheapest car.

Three years later the Nano has faced a spontaneous-combusting debacle while despite the booming Indian car market; its sales have dropped significantly. So Tata decided to do a little publicity stand in order to bring its car once again into the spotlight.

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Monday, September 12, 2011

Suzuki wants to Dissolve Partnership with Volkswagen, but the Germans Say ‘Nein’


In a move more or less anticipated after the recent publication of Volkswagen's internal review that accuses Suzuki of breaking a contract agreement between the two companies by purchasing diesel engines from Fiat, the Japanese carmaker said it will abort its alliance with the German group.

Suzuki's announcement comes almost two years after it forged a partnership with Volkswagen. The German had acquired a 19.9 per cent stake in Suzuki Motor Corp in December 2009 for 225 billion Yen (then, approx US$2.5 billion) while the Japanese automaker agreed to invest up to one half of the amount received from the German automaker into shares of Volkswagen.

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