Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles.

India's biggest car manufacturer Maruti Suzuki India Ltd (formerly Maruti Udyog Ltd) has reported a 7 percent decline in net profit for the fiscal quarter ended June 30, 2008, attributing the drop to high input costs and a new depreciation policy.

Germany's leading carmaker Volkswagen (VW) launched its popular sedan, Jetta, this week, and hopes to sell at least 110,000 units annually from 2009, in spite of slowdown in demand due to high prices of oil and raw materials.

India's second largest maker of two-wheelers, Bajaj Auto, has posted a 4 percent drop in net profit for the fiscal quarter ended June 30, 2008 (Q1 of FY09).

German automotive components manufacturer Continental AG is expanding its Indian operations by launching an electronic parts manufacturing facility and an R&D center in Electronic City near Bangalore while back home, it is battling against a hostile takeover move made by smaller rival Schaeffler...

Tata Motors, the automotive arm of the Tata Group, sees the present fiscal year as a "daunting challenge" due to slowing sales and high input costs but is banking on its ultra low-cost car, Nano, and Jaguar and Land Rover acquisition (JLR) to lift its market share.

Leading manufacturer of trucks and iconic Indian motorcycles like Bullet, Thunderbird, Machismo and Electra, Eicher Motors Ltd. said it would invest Rs.25 crore to expand the production capacity of its Royal Enfield unit in Thiruvottiyur, Chennai.

Construction work on the new Chennai plant, which will roll out vehicles carrying the French and Japanese automakers Renault and Nissan's badges, has begun, with the ground breaking ceremony taking place on Friday.

Chennai-based TVS Motor Co. has entered into a preliminary agreement with Kolkata-based Mahabharat Motors Manufacturing Co. for contract manufacturing.

Japan's third largest automaker Nissan Motor Co. said it would begin manufacturing its popular compact car model Micra in Chennai, a step seen as challenging Maruti Suzuki's dominance in the small car market.

India's largest business conglomerate, Tata Group's automotive arm, Tata Motors announced, Monday, it has completed the $2.3 billion acquisition of Ford Motor Co.'s British marques Jaguar and Land Rover and has named David Smith, the acting-CEO as the new CEO.

India's third largest automaker Tata Motors has announced its fiscal results for the year ended March 31, 2008 (FY08), posting a 6 percent growth in net profit (stand alone).

India's top SUV (sports utility vehicle) maker Mahindra & Mahindra has announced a lower-than-expected fourth quarter (Q4) net profit, blaming the fall on rising input costs.

Honda Siel Car India (HSCI) is set to revive and shake up competition in premium and executive car segment as it announced the launch of its 8th Generation Accord as well as a hybrid Civic in addition to future expansion plans.

Tata's ultracheap car Nano has a rival! On Monday, India's second largest motorbike maker Bajaj Auto and the French-Japanese automotive alliance Renault-Nissan announced that they would form a joint venture (JV) company to develop a low-cost car that would give Tata's $2500 Nano a run...

Even as Harley Davidson continues to mull whether it should set its foot in India, Italian motorcycle maker Ducati Motor Holding SpA has taken the plunge, announcing, Wednesday, that it would be launching its entire range of premium bikes in multiple variants to satisfy the needs of the Indian racin...

World's largest manufacturer of two-wheelers, Hero Honda Motors Ltd (HHML) has reported robust fourth quarter performance, posting 53 percent growth in net profit and jump of 3.28 percent in quarterly sales.

Maruti Suzuki Ltd, market leader of India's automotive industry, has posted a decline of 34 percent in net profits for the quarter ended March 31, 2008, on account of a large depreciation charge which outweighed higher sales.

Ford Motor Co. surprised Wall Street on Thursday with a $100 million profit in the first quarter as strong results from Europe and South America helped offset the impact of a slumping U.S. economy that cut car and truck sales in its main market. Its shares rose almost 5 percent in premarket trading....