Daimler 'very close' to truck deal for India Daimler AG is very close to announcing a joint venture with an Indian partner to produce commercial trucks for the Indian market, a senior Daimler executive said. 21 Oct 2007
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Tata Consultancy bags $1.2 billion Nielsen contract Tata Consultancy Services Ltd, India's top software services exporter, said on Thursday it had signed a contract with Nielsen Co worth $1.2 billion, sending its shares up nearly 2 percent. 18 Oct 2007
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Most Indian vehicle makers to post lower Q2 profits India's top car maker, Maruti Suzuki, should post a near one-third jump in quarterly net profit later this month, but other vehicle makers will see earnings dented as higher interest rates dampen sales. 16 Oct 2007
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Ford pleased with interest in Jaguar and Land Rover Ford Motor Co Chief Executive Alan Mulally said on Monday he is pleased with the "breadth and depth" of interest in Ford's British luxury brands Jaguar and Land Rover. 16 Oct 2007
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Fiat in touch with Mercedes, others on alliances Italy's Fiat has been in contact with Germany's Mercedes-Benz about a possible alliance, as it has had with other automakers, Fiat Chief Executive Sergio Marchionne said on Thursday. 12 Oct 2007
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Corus to sell German, Dutch aluminium plants Anglo-Dutch steelmaker Corus, owned by India's Tata Steel, will put its primary aluminium smelters in Germany and the Netherlands up for sale after electricity contracts have been agreed for the plants, Corus CEO Philippe Varin said on Tuesday. 10 Oct 2007
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Bids for Ford brands due late Oct., Nov. Bids for Ford's European luxury brands Jaguar and Land Rover are set to land around the end of October or the beginning of November, people familiar with the matter said. 10 Oct 2007
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Tata Steel convertible shares to raise $1.4 billion India's Tata Steel said on Monday it would raise Rs.5481 crore ($1.39 billion) in a previously announced issue of convertible preference shares to partly finance its $13 billion acquisition of Corus. 09 Oct 2007
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Tata ropes in Kinetic, AVTEC for its small car project Tata Motors, India's third largest car maker has roped in Pune-based Kinetic Engineering and C.K. Birla's component arm AVTEC for developing the gearbox for its much awaited sub-$2500 small car which is expected to begin commercial production by 2008. 22 Sep 2007
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Mahindra quits Jaguar race, Tata still "strongly interested" India's leading SUV maker Mahindra & Mahindra (M&M) has announced that it is pulling out of the race to buy ailing Ford Motor Co.'s British marques Land Rover and Jaguar that are up for sale, while business conglomerate Tata Group's Tata Motors has confirmed that it is still "strongly interested" in acquiring the luxury car brands. 17 Sep 2007
