Detroit  - General Motors Corp cannot rule out the possibility that it will need another cash injection from the US government, which threw ailing automakers a lifeline late last year, GM's chief executive Rick Wagoner said at the Detroit auto show on Monday.

Wagoner also suggested he was open to raising petrol taxes in the United States, which are far lower than in Europe, if it could help the US car industry complete the shift to fuel-efficient vehicles that are more common in other countries.

Detroit  - Toyota Motor Co on Monday unveiled the third version of its best-selling hybrid car, the Prius, one day after Honda Motor Co launched a similar car it hopes can eat into Toyota's commanding share of the hybrid market.

The 2010 Prius, which Toyota says is more fuel-efficient than any other car on the market, was the highlight of this year's North American International Auto Show in Detroit, a toned-down affair as automakers leave behind one of their worst sales years in decades.

Detroit  - General Motors Corp cannot rule out the possibility it will need another cash injection from the US government after the Bush administration threw ailing automakers a lifeline late last year, GM President Frederick Henderson said at the Detroit auto show on Monday.

GM and Chrysler were given a 13.4-bilion-dollar loan from the government through the end of March, and Henderson said he could not say whether additional help would be need after that.

Chief Executive Rick Wagoner earlier also did not rule out that possibility.

TATA Group has approached Citigroup for assistance in getting funds for Jaguar and Land Rover acquisition from the British government. The company has requested British Government for about one billion pound funds to bail out JLR and secure the future of its employees.

TATA reported significant decline in Land Rover sales following low demand due to international financial crisis. The American bank Citigroup was also the advisor in the $2.3 billion JLR acquisition case.

Two-wheeler giant Bajaj Auto is planning to launch six bigger engine bikes in the financial year 2009. The move is aimed to maintain adequate market share which is shrinking due to low demand following global financial crisis.

The new bikes are being designed to compete rival Hero Honda's best-selling Splendor/Passion range. Two more products in 125-135 cc engine size may also be launched in April and July this year. The new bikes would be launched from its Pantnagar facility from February.

The world's top auto company, Toyota is in touch with South Korean company POSCO to get steel for its operations. Toyota Motor Corp. is suffering losses due to low sales and has been employing various cost cutting methods to mitigate the impact of global slowdown. Entire automobile sector is facing the heat of global slowdown with significant decline in sales.

POSCO is the fourth largest supplier of steel in the world. It is already supplying steel to leading Japanese auto giants. The spokesperson of POSCO, Ko Min-jin said, "We are in talks with Toyota on a similar deal."