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Ford Launches Scrappage Scheme For Pre-2010 Cars

India, Aug. 22 -- Ford Motor Co. (F) announced the launch of a scrappage scheme for UK consumers to trade-in cars over seven years old, by offering a discount between £2,000 and £7,000 on a new model.

Under the plan, owners of any make of car or van, including petrol and diesel, that took to the road before December 2009 can get the discount.

Ford reportedly said that all of the part-exchanged vehicles will be scrapped that would have... Read More


'Ramatlhodi tortured me'

Midrand, Aug. 22 -- Former Cabinet minister Ngoako Ramatlhodi has been accused of torturing and scalding a Cameroonian citizen with boiling water after a business deal went wrong. Joseph Menge claims that he was tortured and burnt by Ramathlodi and two associates following a dispute over rent. The victim told The New Age he met Ramatlhodi in a restroom in Menlyn, Pretoria where small talk led to the two men exchanging phone numbers. "He asked who... Read More


Tata Motors announces new corporate brand identity

India, Aug. 22 -- Tata Motors has always kept customers and their aspirations at the heart of its business. The company has always been at the forefront to create innovative mobility solutions, across passenger, commercial and defence vehicles, thereby creating new benchmarks in the industry. As a powerhouse of strong talent, manufacturing footprint and R&D centres across the globe, Tata Motors has an overarching presence in the auto world.

Afte... Read More


Tata Motors to invest in CV biz, cut costs in profitability push

MUMBAI, Aug. 22 -- Tata Motors Ltd on Monday said it will invest Rs 1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profitability this fiscal year. The car and truck maker is also focusing on cost cutting which will save it at least Rs 1,500 crore this fiscal, said Guenter Butschek, CEO and MD.

"Our responsiveness to market volatility was not enough," Butschek said at a press meeting in Mumbai ... Read More


Opening bell: Asian markets edge up; Tata Motors, Indian Hotels, Coal India in news

New Delhi, Aug. 22 -- Asian markets open higher

Asian shares edged higher in morning trade, tracking modest gains on the Wall Street, reports Reuters. S&P 500 at 2,428 points is up 0.12%.

Bank unions on all-India strike today

Services at public sector banks are expected to be hit on Tuesday with employee unions going on a nationwide strike. Read more

Tata Motors plans to invest Rs4,000 crore to boost sales

Tata Motors Ltd plans to invest mor... Read More


Tata Motors to invest in CV biz, cut costs in profitability push

Mumbai, Aug. 22 -- Tata Motors Ltd on Monday said it will invest Rs1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profitability this fiscal year. The car and truck maker is also focusing on cost cutting which will save it at least Rs1,500 crore this fiscal, said Guenter Butschek, CEO and MD.

"Our responsiveness to market volatility was not enough," Butschek said at a press meeting in Mumbai on... Read More


Audi extorted by jailed gangster recovered

Gurgaon, Aug. 22 -- A luxury car that was extorted from an accused in the fake arms licence case, who is currently in jail, was recovered by the Gurgaon police from Mitraon village near Najafgarh in Delhi on Saturday.

Some gangsters lodged i n Bhondsi jail had threatened the inmate and demanded a ransom of 50 lakh to ensure his safety in jail, the police said.

The Audi Q-3 SUV was recovered at the instance of gangster Manjeet Mahal, who was tak... Read More


Tata Motors to invest Rs1,500 crore in commercial vehicles business, focus on cost cutting

Mumbai, Aug. 22 -- Tata Motors Ltd Monday said it will invest Rs1,500 crore in its commercial vehicle business (CV) as it seeks to regain lost ground and return to profitability this fiscal year. The car and truck maker is also focusing on cost cutting which will save it at least Rs1,500 crore this fiscal, said Guenter Butschek, chief executive officer (CEO) and managing director.

"Our responsiveness to market volatility was not enough," Butsche... Read More


Ford Incentivizes Scrapping Old Cars In UK

India, Aug. 22 -- Ford Motor Co. has unveiled a scrappage scheme for UK consumers to trade in cars over seven years old, by offering 2,000 pounds discount on some new models.

Under the plan, owners of any make of car or van, including petrol and diesel, that took to the road before 2010 can get the incentive.

Consumers will be given 2,000 pounds off new Ford models ranging in price from around 12,000 pounds to more than 20,000 pounds.

Accordin... Read More


2017 Hyundai Verna now available in India at Rs 7.99 lakhs

India, Aug. 22 -- Hyundai has launched the 2017 Verna sedan in the Indian market and has priced it at Rs 7.99 lakhs (all India ex-showroom). Dubbed the next generation Verna, this is the fifth one introduced in the Indian market and is available in four number variants and across two engine options. We have driven the car and you can find our first drive preview here. The exterior design has been revised and now the Verna gets a family face, thus... Read More