I was shocked when I read the article that HM (Hindustan Motors) are coming up with a brand new car that too in luxury segment.
HM and General Motors have had tie-ups for years to produce Bedford Trucks, Vauxhall’s, Allison Transmissions and off-road equipment.
Hindustan Motors has also a joint venture with Mitsubishi, producing versions of the [...]

GM is bankcrupt but here is a innovative stratigy they come up with in India by launching new Chevrolet Spark’s LPG version.
The environment friendly LPG model features premium beige interiors with a certified Factory Fitted Next Generation Sequential Injection-type LPG kit, latest in terms of technology which is far superior to the venture-type LPG kit [...]

Fortune magazine reported that Top 500 US companies have witnessed 85% fall in profits in half decade.
This is one major proof that recession is still intact and no one knows when it will end ?
Earnings dropped 84.7 per cent from the previous year, from 645 billion dollars to 98.9 billion dollars, marking the largest one-year [...]

Now its the Used cars business which was caught by the grip of Nano Effect.
Dealers say the prices of the used cars have fallen over 20% since the announcement of Nano dates.
The Nano, expected to sport an on-road price of Rs 1.25-1.3 lakh (Rs 125,000-130,000) for the no-frills, base version, will compete with the compact [...]