GM loses global sales crown to Toyota after 77 years

DETROIT: General Motors Corp reported an 11 percent drop in global sales in 2008, allowing rival Toyota Motor Corp...

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Carmakers start own finance arms to drive sales

NEW DELHI: The turmoil in the auto market is pushing carmakers to the corner, forcing some of them to start their...

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Auto suppliers face a lose-lose situation

Both would mean a hit for suppliers already pressured by price cuts and falling production.GM plans to shed 480...

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M&M to transfer 2 defence units to separate entities

MUMBAI: Leading utility vehicle manufacturer Mahindra & Mahindra on Friday said it will transfer two of its...

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Car dealers on the brink of shutting shop

NEW DELHI: Just when car companies are pushing to ramp up their national footprint, a large number of automobile...

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