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US car companies go back to black (Deepika)

DETROIT, Mar 30 (Reuters) Henry Ford, who created the automotive industry's first mass-market hit with the Model T a century ago, was a proponent of radical simplicity.

Continental to slash jobs at Powertrain

SALZGITTER, Germany (Reuters) -- German automotive supplier Continental AG said it planned further job cuts at Siemens VDO worldwide over the next two years in connection with restructuring at its powertrain division.

India's Tatas "Rule Britannia" after car buys (The Auto Channel)

MUMBAI, March 27, 2008; Reuters reported that "Jaguar is now an Indian beast" roared one Indian newspaper on Thursday as it lauded Tata Motors' long-awaited $2.3 billion deal to bag the sleek British car brand and its chunkier Land Rover counterpart.

Report: Fiat auto spinoff only if group undervalued

MILAN (Reuters) -- Italian industrial group Fiat would only spin off its auto division if the group were permanently undervalued, CEO Sergio Marchionne was quoted as saying by Italian media today.

India's car sales slow sharply in Feb ahead of budget (Reuters via Yahoo! India News)

NEW DELHI (Reuters) - India's domestic car sales grew a sluggish 2.3 percent in February from a year earlier, far slower than in previous months, as customers put off purchases expecting a cut in taxes in the budget.

India February passenger car sales up 2.3 pct y/y (Reuters via Yahoo! India News)

NEW DELHI (Reuters) - Car sales in India rose 2.3 percent in February from a year earlier to 94,756 units, an industry body said on Monday.

Villagers battle plans for world's cheapest car (Washington Post)

SINGUR, India (Reuters) - The world's cheapest car may be coming to India soon, but at a price.

AvtoVAZ will cost Renault $1b – source

French carmaker Renault will pay more than $1 billion for a stake of 25 percent plus one share in Russia's largest carmaker, AvtoVAZ, a high level AvtoVAZ source told Reuters today. "It will be over $1 billion, that is for sure," he said.

China's Wang questioned after car-crash scuffle (Reuters via Yahoo!7 Sports)

BEIJING, Feb 25 (Reuters) - Wang Zhizhi, a starting centre for China's Olympic basketball team, would "take responsibility" for his part in a post car-crash scuffle in Beijing over the weekend, he said in a statement carried by local media on Monday.

SUVs race the Prius to Oscar green carpet

LOS ANGELES (Reuters) -- Watch out in that little Prius!



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