Tata Motors Ltd would inject "tens of millions" of pounds into Jaguar Land Rover according to reports. The move is aimed to mitigate the impact of global slowdown. Tata bought the luxury carmaker JLR earlier this year for $2.3 billion from Ford Motor Co.

Almost entire Automobile sector is facing low demand problem leading to employ cost cutting measures including significant production cut and retrenchments. Tata's move to inject money in Jaguar Land Rover would prevent an immediate cash flow crisis being faced by company following economic slowdown.

London, Dec 22: A planned British government bailout worth tens of millions of pounds to keep Jaguar Land Rover afloat has helped the company's owners, Tata, to secure extra funds.

Tata found the cash because its banks were convinced that the Government would prevent a collapse, a source said. Officials had been working on the details of the package over the weekend.

Moscow - Protests took place Sunday in several Russian cities, especially in the Far East, against higher taxes on imported cars and high fuel prices.

In the Far Eastern coastal city of Vladivostok, up to 1,000 demonstrations were confronted by police, who kept promises made a day earlier to act decisively against the unregistered protest.

A number of participants in the Vladivostok protest were arrested and journalists were hindered from recording the event, the RIA- Novosti agency reported.

Immediately preceeding the demonstration in Vladivostok, protesters driving more than 40 cars deliberately slowed down traffic through the centre of the city, population
600,000.

Moscow - Up to 1,000 people demonstrated in Russia's eastern coastal city of Vladivostok to protest higher taxes on imported cars on Sunday.

Police, keeping promises to act decisively against the unregistered protest, arrested a number of participants and prevented journalists from recording the event, the RIA-Novosti agency reported.

Immediately preceeding the demonstration, protesters driving more than 40 cars, deliberately slowed down traffic through the centre of city, population 600,000.

Russian Prime Minister Vladimir Putin in early 2009 raised import taxes on new and used cars to protect Russia's ailing automotive sector.

Vienna  - Austrian-based car parts supplier Eybl International AG declared bankruptcy Friday and said that the future of its production sites in Central Eastern Europe was still to be determined.

As takeover talks with the Slovenian Prevent Group failed and the company lacks liquidity owing to the crisis in the car industry, Eybl not only filed for receivership but also announced that 600 staff in Austria faced potential layoffs.

As per the international reports, following a sponsorship deal signed with the Indian automobile giant, the Tata brand name will figure on Formula 1, the world’s most-famed motorsport, which is being considered an ambitious global branding move.

President Luca di Montezemolo reported, “For the first time an Indian brand will appear on the Ferrari. It’s historic.” Although the details and duration are being worked out, a Ferrari spokesperson confirmed the deal.