Sunday, June 28th, 2009
Tata Motors kicks off one leg of its new found business, launching the Jaguar and the Land Rover in India. The re-branding prowess of Tata Motors starts by unveiling the two luxury car brands in Indian waters, launching three models of each brand.
Jaguar will be unveiling the XF, XFR and the XKR sedans while Land Rover will start its business with Discovery 3, Range Rover Sport and Range Rover sport utility vehicles. Being fully imported models, all the six cars carry a heavy price tag starting Rs 63 lakh and going up to Rs 92 lakh.
“The launch of Jaguar and Land Rover is something that is quite memorable in the context of our history and heritage of Tata Motors. This is a company that belongs to us and we are proud of it.”
While the economy is still in turmoil for most parts of the world, no sales forecasts were unveiled by Tata Motors just yet. Right now, all they can do is stay optimistic, similar to what most business are banking on today.
(Source) Business Standard
Tags:
car brands,
debut,
discovery 3,
history and heritage,
indian waters,
jaguar,
Land Rover,
launch,
luxury car,
price tag,
prowess,
Range Rover,
range rover sport,
sedans,
source business,
sport utility vehicles,
tata motors,
turmoil
Posted in Jaguar, Land Rover | Comments
Tuesday, June 16th, 2009
Standing pat on its commitment for supporting the American Indian College Fund, Nissan North America announced that it is donating $85,000 for its College Scholars Program. The new grant will fund ten tribal college scholarships and five mainstream scholarships for American Indian scholars.
Aside from this, Nissan North America, Inc. also provided $20,000 for the Fund’s 20th anniversary gala fundraising event to be held in Denver at the Seawall Ballroom, Denver Center for the Performing Arts October 28 to bring in further scholarship donations.
“Thanks to the support of our valuable corporate partner Nissan, American Indian college students will be closer to their dream of achieving a higher education so that they can make a better life for themselves and their families,” said Richard B. Williams, President and CEO of the Fund. “This support is even more meaningful in a time when so many are facing increased hardship,” Williams said.
Despite the turmoil befalling businesses today, you have to admire the efforts in maintaining its commitment to education and future executives of the world. Hopefully Nissan can sustain this program to help individuals and the economy as we all try to get by this unfortunate economic situation we are in today.
(Source) Press
Tags:
20th anniversary,
b williams,
better life,
college scholars,
college scholarships,
corporate partner,
denver center for the performing arts,
economic situation,
fundraising event,
higher education,
indian scholars,
new grant,
nissan north america,
nissan north america inc,
scholars program,
scholarship donations,
seawall,
shells,
turmoil
Posted in Business, Nissan | Comments
Sunday, May 31st, 2009
The management team of Volkswagen have a reason to smile these days. With all the turmoil covering the auto industry, they are experiencing an increase in market share and are apparently being led by an unlikely car line. The sportier-looking Volkswagen Golf GT MK6 seems to be capturing the attention of the car market and has been queuing up customers.
The Mk6 is the quickest ever car in the company’s range, and coupled with its stunning looks, quality build and great handling, it’s no wonder drivers can’t wait to get their hands on it. The Mk6 has a top speed of 149 miles per hour and can accelerate from 0 to 62 mph in just 6.9 seconds, but despite this awesome power, the car is, rather miraculously, more eco-friendly.
With a sportier design, it looks like Volkswagen has greener days ahead of it and we don’t mean just being eco-friendly. People love the new looks so the next thing you may have to worry about would be consumer complaints on when they can get their order.
New models start at around £21,000 but for those on a tighter budget, a used VW may provide the answer.
(Source) PR Web
Tags:
answer source,
auto industry,
Budget,
car line,
car market,
consumer complaints,
golf gt,
greener days,
management team,
market share,
miles per hour,
mk6,
models,
top speed,
turmoil,
volkswagen,
volkswagen golf,
volkswagen golf gti,
VW
Posted in Industry, VW | Comments
Tuesday, May 19th, 2009
The Chrysler turmoil continues as the Committee of Chrysler affected dealers aim to protest the cancellation of 789 dealer franchise agreements. Apparently a lot of these dealers are seeking the US Bankruptcy Court to delay hearings until the amicable settlement on asset sales has been reached.
“Chrysler’s proposed asset sale and request for immediate termination of dealer franchises will destroy several hundred independent businesses, ruin the livelihoods of their owners, cause the loss of thousands of jobs and precipitate inevitable personal and business bankruptcies flowing from the closing of the affected dealers,”
The move may be a big blow for Chrysler’s transition towards the “New Chrysler” with Fiat/UAW presumably assuming control over the troubled carmakers operations. Then again, this was to be expected as a lot of loose ends are bound to come out from this Chrysler debacle.
(Source) Press
Tags:
business bankruptcies,
cancellation,
Chrysler,
chrysler dealers,
debacle,
Fiat,
franchise agreements,
franchises,
jobs,
transition,
turmoil,
UAW,
us bankruptcy court
Posted in Chrysler | Comments
Friday, May 15th, 2009
Due to continued poor sales, General Motors has boldly announced that it will be closing down 1,100 dealers late next year, a move that all the more puts the car industry into deeper turmoil. GM’s announcement is more bad economic news for dealers, communities and businesses still reeling from Chrysler’s similar nationwide dealer cuts a day earlier. Both automakers are scrambling to reorganize and stay alive in a severe recession that has devastated sales of cars and trucks.
While GM doesn’t own the dealers, its network is too big, causing dealers to compete with each other and giving shoppers too much leverage to talk down prices and hurt the company’s future sales.
“Too many dealers, in actuality, are a problem,” Mark LaNeve, GM’s vice president of North American sales and marketing, said in a conference call with reporters.
GM declined to reveal which dealers will be eliminated and left it up to franchise owners to report the decision to customers.
The cuts are part of a larger GM plan to drop 2,600, or nearly 42 percent of its 6,200 dealerships as the automaker tries to restructure outside of bankruptcy court and become profitable again. Thousands of jobs will likely be lost and governments will lose untold dollars in tax revenue as dealerships are forced to close.
(Source) Memphis Daily
Tags:
actuality,
automaker,
automakers,
bankruptcy court,
car industry,
Chrysler,
conference call,
economic news,
future sales,
General Motors,
GM,
governments,
leverage,
mark laneve,
memphis,
recession,
sales and marketing,
shoppers,
turmoil,
vice president
Posted in Business, GM, Industry | Comments
Tata Motors kicks off one leg of its new found business, launching the Jaguar and the Land Rover in India. The re-branding prowess of Tata Motors starts by unveiling the two luxury car brands in Indian waters, launching three models of each brand. 