China’s biggest carmaker, which own brands like Maxus, MG, Roewe and Yuejin, plans to invest $1 billion in India manufacturing unit, reports Swaraj Baggonkar from Mumbai. IMAGE: For SAIC, the maker of marquee MG (above) and Roewe cars, India is next on the agenda. Photograph: Reuters. China’s largest automaker SAIC Motor (formerly Shanghai Automotive Industry Corporation) is finalising plans to invest about $1billion in India by 2018. It would look to manufacture products that would ... Rediff.com, 2 months ago
Wolfsburg (Germany): German auto giant Volkswagen today said it raced back into the black in 2016 as car sales hit an all-time high, in the latest sign of its "dieselgate" scandal fading into the rearview mirror. VW reported a net profit of 5.1 billion euros ...Mathrubhumi, 1 day ago
Fiat Chrysler Automobiles (FCA), world’s seventh largest Italian automaker, has slashed prices of its cars between 7 per cent and 7.3 per cent to reduce its inventory level and boost sales in India. The new prices will be applicable with immediate effect on ...The Financial Chronicle, 1 month ago
German luxury carmaker Mercedes-Benz on Wednesday introduced a facelifted version of Mercedes CLA sedan to take on compatriot rivals Audi, BMW, Tata Motors-owned British sports car maker Jaguar Land Rover and Swedish Volvo to maintain its leadership in the ...The Financial Chronicle, 2 months ago
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