Luxury car makers
like Mercedes- Benz, Audi, BMW and Volvo always had airbags and ABS as safety equipment in their models sold in the domestic market.
These car makers
are investing 500 million yen for this project excluding another 500 million yen, the Japanese government is offering for the same project.
For the fiscal ended 31 March, 2014, the car makers
in India posted a decline of 4.
The sales have plummeted and monthly sales records have touched a new low but the car makers
are seemingly unfazed despite the low sales.
The car maker
announced last year it would start manufacturing vehicles in China for the first time, after agreeing a PS1 billion joint-venture with Chinese car maker
Under an agreement with Daimler AG's (ETR:DAI) Mercedes, Investindustrial will serve as a technical partner on the deal, whereas the German car maker
will provide engines, gearboxes and other technical expertise and take a small stake in the UK firm in the future.
But he admitted he was concerned about the impact of the euro-zone crisis on the car maker
A control unit produces a consistent high-contrast, brilliant image," the Sydney Morning Herald quoted the car maker
as saying in a statement released overnight.
It was the first link-up between Caterham F1, Caterham Cars and QPR since Tony Fernandes acquired both the British sports car maker
and Premier League team in summer 2011.
Tyndall's assessment of the vicious circle that could choke off demand is shared by luxury car maker
BMW's chief financial officer Friedrich Eichiner, who told reporters on Friday: "We don't want to bring about a crisis by talking about it, because we don't see one at the moment.
Furthermore, Tenaci Capital, the investment company of Spyker's CEO, Victor Muller, will convert EUR42m of its current loan to Spyker into shares in the car maker
26 April 2011 - Moody's said Tuesday it had put under review the Ba1 Corporate Family Ratings (CFR) of car maker
Fiat SpA (BIT:F) with a possibility for a downgrade.