Auto Sector

Paris Hilton beats burglary blues with pink Bentley

Paris Hilton beats burglary blues with pink Bentley Los Angeles  - Days after a burglar broke into the house of Paris Hilton and stole 2 million dollars worth of jewels, the socialite and hotel heiress has consoled herself by splashing out on a radical pink Bentley.

Maruti To Commence A-Star Shipping To Nissan In Q4FY09

Maruti To Commence A-Star Shipping To Nissan In Q4FY09 Country’s largest car maker company, Maruti Suzuki India Ltd, has said that it expects to commence the shipping of its A-star small car to Nissan from February-March for sale in Europe.

However, Maruti Suzuki India Managing Director, Shinzo Nakanishi said that the company was yet to agree on the exact number of cars it would supply to Nissan.

Nakanishi also indicated that if the market condition does not improve then the company may consider production cut.

Bajaj Family Dispute Set To Close

Bajaj Family Dispute Set To CloseSix-year old Bajaj family drama is all set for curtains as Rahul Bajaj has acquired 29.2% in Bajaj Hindustan. He would sell 29.6% stakes in Bajaj Hindusthan to his brother Shishir Bajaj, paving the way to transfer full control of the sugar company to his brother. The move would raise Shishir Bajaj's stake in BHL from 2.85% to 32.47%.

Tata set to pump 'millions' into Jaguar

Tata set to pump 'millions' into JaguarTata 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.

Brit bailout pledge helps Tata find cash to keep Jaguar Land Rover afloat

Brit bailout pledge helps Tata find cash to keep Jaguar Land Rover afloatLondon, 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.

Protests in Russia against tax increases on imported cars

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.

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