Auto Sector

White House mulls structured bankruptcy for automakers

White House mulls structured bankruptcy for automakers Washington  - US President George W Bush Bush is weighing whether to endorse a structured bankruptcy for ailing automakers to prevent a "disorderly collapse" of the industry, the White House said Thursday.

"The president is not going to allow a disorderly collapse of the companies," spokeswoman Dana Perino said. "That is not an option."

"There's an orderly way to do bankruptcies that provides for more of a soft landing," she added. "I think that's what we would be talking about."

Chrysler shutters plants to avert collapse

Chrysler shutters plants to avert collapseWashington  - Hoping to avoid bankruptcy, ailing US carmaker Chrysler LLC on Friday will shut down all of its manufacturing plants for at least one month because of plummeting car sales, the company announced Wednesday.

Chrysler's announcement comes after US lawmakers last week failed to agree on a 14-billion-dollar emergency loan for the US car industry. Chrysler and General Motors Corp have said they do not expect to survive without federal aid.

Toyota Kirloskar to slash output by 30% in Dec

Toyota Kirloskar to slash output by 30% in DecDue to slump in passenger car sales, Toyota Kirloskar Motor has revealed that it is searching the options to trim down its production by 30 percent in the month of December.

According to sources, Toyota has a facility to generate over 5,000 units a month at its plant situated near Bangalore.

In a move to boost demand and tame worldwide crisis, government of the country on December 7, cut down Central VAT (Cenvat) by 4%.

Nissan to cut domestic output by 78,000 cars

Nissan to cut domestic output by 78,000 carsTokyo - Nissan Moto

Audi A5 open-top in showrooms from mid-2009

Audi A5 open-top in showrooms from mid-2009Ingolstadt, Germany  - Audi's new A5 open-top version, which will be available in European showrooms by mid-2009, comes with an array of features including a fabric top with the large rear window.

The top of the line is the S5. Its three-litre TFSI, a V6 with turbocharger, unfolds 245 kW/333 hp and 440 Nm of torque. The sporty character is underscored with quattro drive, a sport suspension with 18-inch wheels and a number of special equipment details.

Ford improves fuel economy of several models

Ford improves fuel economy of several modelsCologne, Germany  - Ford has improved the fuel economy and carbon dioxide emission figures of seven models using new technology including a "sleep mode" for the power steering.

The Ford C-Max 1.6-litre model fitted with a TDCi diesel engine has reduced fuel consumption to 4.5 litres per 100 km for both the 90 hp and 109 hp version with a C02 emission figure of 119 g/km.

The Crossover Ford Kuga 2.0-litre TDCi model with an output of 100 kW/136 hp is listed with a consumption of 6.1 litres and an emission figure of 159 g/km.

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