Toyota launches its third-generation Prius in Japan

Toyota Motor Corporation has announced the launch of its third-generation Prius in Japan, which combines superior environmental performance with improved driving pleasure.
Like its predecessors, the new Prius remains worthy of its name—Latin for "to go before"—by being equipped with the latest in TMC hybrid and other environmentally friendly technology. Its Toyota Hybrid System II (THS II) has been more-than-90-percent designed anew and synergizes with one of the best aerodynamic performances in the world. This synergy combines with other advances to achieve a world-leading1 fuel efficiency of 38.0km/l2, while providing driving performance on par with that offered by a vehicle with a larger 2.4-liter engine. The new Prius comes with four driving modes to match the requirements of specific driving environments, as well as with a solar-powered ventilation system and other dynamic features.
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GM Files Supplemental Exchange Offer Prospectus

On 14th may, 2009, General Motors has filed a prospectus supplement with the Securities and Exchange Commission relating to its exchange offers for US$ 27 billion of its unsecured public notes and the related consent solicitations that were commenced on April 27, 2009.
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UK govt agrees to guarantee loans to JLR

According to the reports buzzing in the international media circles, the British government is believed to have agreed to guarantee loans to Tata Motors’ owned Jaguar Land Rover, for which it is holding talks with a host of European banks to lend funds. Currently, Tata Motors in the process of raising nearly US$1.5 billion from overseas markets, and US$ 500 million may be raised by stake sale in various companies and raising funds from local banks.
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Apollo Tyres completes 100 per cent acquisition of Vredestein Banden BV

With all regulatory approvals in place and consent from the Judge of the Dutch Courts, India-headquartered Apollo Tyres Ltd has concluded the formal process of acquiring a 100 per cent stake in the premium European tyre manufacturer Vredestein Banden BV (VBBV), based out of the Netherlands. The acquisition is being made from the parent company, Russia’s largest tyre manufacturer Amtel-Vredestein NV (AVNV). AVNV was declared bankrupt on 29 April 2009.
for full story click here : Apollo Tyres completes 100 per cent acquisition of Vredestein Banden BV

Ford launches Scheduled Service Plan for its customers in India

Ford India, on 18th May, 2009, has launched its newest service product for Ford customers, the Scheduled Service Plan [SSP], another industry-first service offering to lower the cost of ownership of Ford cars. Scheduled Service Plan is a brand new service pack for periodic and scheduled maintenance of vehicles, and covers scheduled services such as engine oil change, fuel filter, oil filter, air filter, spark plugs, etc. The pack includes labour charges of periodical maintenance service and replacements at a discounted price for a fixed duration. Scheduled Service Plan will be available in 15 cities across India, namely, Chennai, Chandigarh, Hyderabad & Secunderabad, Delhi & NCR, Mumbai, Ahmedabad, Ludhiana, Pune, Bangalore, Coimbatore, Jaipur, Cochin, Kolkata, Surat.
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Mercedes E-class voted world's best-looking car

Some 100,000 readers of motoring magazine Auto Bild have voted the new Mercedes-Benz E-Class the best-looking car in the world. As well as electing the Saloon as the overall winner among all the new models, Auto Bild readers voted the new E-Class Coupé into top place in the ‘Coupé and Cabriolet’ category. In making these choices, the readers have recognised two automotive personalities which deliberately seek to stand out with their individual character and bold, distinctive design.

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Narain Karthikeyan finishes 6th at 2009 Le mans race

Narain Karthikeyan, the Indian A1GP driver, on May 11, 2009, became the first Indian to participate and score points in the 2009 Le Mans 24-hour classic race by finishing sixth for the Kolles Audi Team. The sixth place finish earned Team Kolles three points. The race was held at the Spa-Francorchamps Circuit in Belgium was the venue of the second round of the 2009 Le Mans Series (LMS), where Karthikeyan started his summer season of racing this year. The 31-year-old Narain shared driving duties with two other drivers, Briton Andrew Meyrick & Dutchman Charles Zwolsman in the 1,000 km Endurance race. The Chennai racer drove during qualifying match and made the grid at ninth, ahead of the team’s second car driven by Christian Albers. He was one of the 3 drivers who drove the turbo-diesel powered, 5.5 litre V12, Audi R10 TDi LMP1 sportscar.
for full story click here : Narain Karthikeyan finishes 6th at 2009 Le mans race

Audi Crossover Q5 set for India launch on June 4, 2009

Buoyed by the overwhelming response of its various models, the Indian arm of the German automaker Audi AG is all geared up to launch its Crossover Utility Vehicle (CUV) - Q5 on 4th June 2009, at Mumbai in Maharashtra.The carmaker has offered styling at the rear, taking cues from the Q7 series, which is quite popular among buyers and designers .Audi is betting on big volumes from the Q5 especially in emerging markets like Russia and India and China.

for full story click here : Audi Crossover Q5 set for India launch on June 4, 2009