COMPANIES

 Hyundai Motor to recall 190,000 cars in US

Hyundai Motors to set up 4 bln rupee plant in Gujarat

India's second largest carmaker Hyundai Motor today said it will invest 4 bln rupees ($100 mln)over the next three years to set up a diesel engine manufacturing plant in Gujarat with an installed capacity of 150,000 units per annum.

Major car recalls in 2010

 Toyota Motor to recall 51,000 Tundra trucks
2010 will be remembered as the worst year for automobile industry. A number of leading car makers including Toyota, Honda, GM, BMW, Hyundai, Nissan, Ford, Chevrolet recalled lakhs of vehicles because of various defects and safety problems.
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SAIC to invest $1.5 bln in Nanjing to produce 1 mln units

SAIC to invest $1.5 bln in Nanjing to produce 1 mln units

Shanghai Automotive Industry Corp, a partner of Volkswagen AG and General Motors, signed a memorandum of understanding with the city government of Nanjing, capital of Jiangsu province, pledging to invest 10 billion yuan (1.5 billion U.S. dollars) for the expanded production.
Does driverless car mean road safety?

Does driverless car mean road safety?

Google has recently created a lot of buzz over the computer-driven cars, which it has been testing on the West Coast. But, does driverless car mean road safety? Carty Law PA looks into legal complexities.
Audi breaks record sales in the U.S.

Audi breaks record sales in US

German automaker, Audi, has announced that the company has broken its record for annual vehicle sales in the U.S. recording its 93,507th transaction on December 13, 2010.
Smith Electric Vehicles to buy it UK partner for $15 mln

Smith Electric Vehicles to buyout UK partner for $15 mln

Smith Electric Vehicles U.S. (SEV) and the Tanfield Group announced today that the American maker of all-electric trucks will purchase its United Kingdom-based parent company, Smith Electric Vehicles U.K. for $15 million in January.
Miami: 54.2%

New home sales climbed 5.5% in Nov.

Sales of new single-family houses climbed 5.5 percent in November 2010 to a seasonally adjusted annual rate of 290,000, according to estimates by the U.S. Census Bureau and the Department of Housing and Urban Development.
BMW launches cheapest X1 model  in India

BMW launches cheapest X1 model in India

German Luxury carmaker BMW on Thursday launched a new sports utility vehicle, X1, in India. Priced at 2.2- 2.9 million rupees (ex-showroom Delhi), X1 is the company's a cheapest model in the country.
A general view of the building where Kenneth Starr resides in New York and (inset) Kenneth Starr and Diane Passage

Former law firm partner charged with helping Starr operate Ponzi scheme

The Securities and Exchange Commission (SEC) has charged Jonathan Bristol, a former law firm partner, with aiding and abetting Kenneth Ira Starr's Ponzi scheme by allowing Starr to use his attorney trust accounts as conduits for transferring the funds stolen from Starr's clients to Starr and his two companies for personal use.
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Tennessee region gets its first Nissan Leaf

After a San Francisco Bay Area resident became the first in the United States to receive the delivery of all electric Leaf, Nissan Motors on Wednesday carried out its first Leaf delivery in the Tennessee region.
 Toyota Motor to recall 51,000 Tundra trucks

Toyota Motor aims 7.7 mln vehicle sales in 2011

Toyota Motor Corp on Tuesday said that it expects to sell 7.7 million vehicles worldwide next year, up 3 percent from 2010, by tapping emerging markets Asian markets, such as China and India.

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