Chennai: Ashok Leyland, the Hinduja Group's flagship company and biggest truck financing company Shriram Transport Finance Company have signed up a strategic affiliation contract to regenerate the services by its group company Ashley Transport Services.

Dearborn, Mich. - Ford Motor Co. is setting to sell its moneymaking Volvo luxury brand as it works to return its North American operations to profitability, according to reports.

The Sunday Times reported, the decision to sell Volvo, a part of Ford’s Premier Automotive Group, was made in the past two weeks, but that the timings of the sale had still to be decided,

In early trading (10:22 am), Jay Bharat Maruti is quoting at Rs 48, which showed

lifted 2.44% to Rs 765 in afternoon trades on improved buying ea

After turning ex-dividend, Bajaj Auto lost 1.61% to Rs 2,095 in afternoon trading.

Following the European Union way of employing hi-tech anti-theft devices in cars, the largest Indian car manufacturer, Maruti Udyog, is set to introduce the immobilizer system, iCATs, across all its models.

iCATs (intelligent Computerized Anti-Theft system) works on the principle of multiplexed communication where an inbuilt transponder, into the car key, carries a unique electronic identification and a secret code that digitally communicates with the engine computer via a controller. The car engine starts only if the secret code matches thus preventing the car from being stolen.