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Even as Toyota Kirloskar Motor (TKM) battles
labour issues at its Bidadi, Karnataka plant, the company has announced a
recall of its Innova MPV to rectify a faulty cable mounted in the
steering wheel. The recall will cover 44,989 Innovas manufactured between
February 2005 and December 2008.
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Volkswagen Launches Vento Preferred Special
Edition
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Despite a slowdown in the Indian economy and
sluggish growth rates in the UK, Indian companies based in Britain are blitzing
ahead, growing at double and even triple-digit rates, finds a new report by
Grant Thornton in collaboration with CII. Bharat Forge, which tops the league
tables, grew at a rate of 465% in 2013.
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Fiat India will be opening 42 new dealerships
across the country by the end of this year. In less than a year, the company
has inaugurated 108 dealerships scattered in various cities of the country.
With the launch these dealerships, the company will have 150 standalone
showrooms in India.
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General Motors has bagged an Innovation
Partnership Award along with global component supplier BorgWarner for
collaboration in a newly developed solenoid valve that is part of a stop/start
system for a 2015 GM vehicle that will be announced later.
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Italian sportscar manufacturer Ferrari has
announced that its production bonus for employees for 2013 will amount to 4,096
euro (Rs 3.39 lakh), the highest ever awarded in the company’s history.
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Philippines-based Pilipinas TAJ Autogroup, which
is Tata’s distributor in that area, will have 10 models available by the end of
this year. The distributor’s general manager, Nicandro Mariano, who is quoted
by BWorld online, adds that two showrooms were up and running, while a further
six to seven will be added by the end of this year.
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Sweden's Volvo, the world's second biggest truck
maker, has put a partnership with Russian battle-tank maker Uralvagonzavod on
hold due to increasing tensions between Ukraine and Russia, the truck maker
said on Wednesday.
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