In a bid to drive demand in the market, second largest car manufacturer and largest car exporter in India, Hyundai Motor India (HMI) is likely to soon launch a diesel version of their new models -i10 and i20- in the market.

Speaking on this, Arvind Saxena (Senior Vice President, HMI) said, “We will launch the i20 diesel for the domestic market this year. But we are yet to finalize the engine size.”

It is learnt that the i20 diesel would be launched before the diesel version of the i10.

London, Mar. 6 : Workers at TATA-owned car giant Jaguar Land Rover have voted to accept a shorter working week and a one-year pay freeze to avoid compulsory job cuts.

Members of Unite and the GMB unions accepted the deal - 70 percent to 30 percent - after being urged to vote in favour by union officials.

The deal was thrashed out between union leaders and the company, which has cut around 1,800 agency, production and management jobs in recent months because of the downturn in the motor industry.

Mahindra and Mahindra (M&M) is all set to phase out its 2.6 litre CRDe engine, which at present powers the older Scorpio models.

The new car model is available in two variants - VLS and VLX, both priced a little over 10.50 lakhs.

The new Scorpio will now be powered by the m_Hawk engine.

At present, only the VLX model of Mahindra Scorpio is powered by the m_Hawk engine.

Apart from this, the new Scorpio would now come in a complete new look. The new Scorpio would come with cosmetic changes inside and out.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Maruti Suzuki stock to achieve a target of Rs 685 within 2-3 sessions.

According to Karvy, day traders can buy the stock between Rs 650-655 with a stop loss of Rs 640.

Shares of the company, on Thursday (Mar 05), closed at Rs 667.60 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 44.38 and 14.42 respectively. The share price has seen a 52-week high of Rs 945.55 and a low of Rs 428.40 on BSE.

Washington  - General Motors Corp's auditors said there was "substantial doubt" that the iconic US carmaker can survive a massive downturn in the industry, according to an annual report filed Thursday with US regulators.

Despite receiving 13.4 billion dollars in emergency government loans since December, GM said it may have to seek bankruptcy protection if it cannot complete a major restructuring effort, in the filing with the Securities and Exchange Commission.

GM suffered a 52-per-cent drop in US car sales in February and has lost its status as the world's largest carmaker to Japan's Toyota Motor Corp.

Tata Motors, India's largest passenger automobile and commercial vehicle manufacturing company, has informed that it has joined hands with public sector lender Punjab National Bank (PNB) for financing its entire range of passenger cars.

The latest tie-up will provide a single window for both cars as well as car loans and will make car buying easier for customers.

The lender offers car loans up to 90 per cent of invoice for tenure ranging up to seven years at a rate of 10.5 per cent to 11 per cent.