Daimler in heavy vehicle venture with India's Hero Group
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German auto giant Daimler and India's Hero Group have agreed to form a joint venture to produce light, medium and heavy duty commercial vehicles for the Indian market, Daimler said Friday.
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Strong demand for trucks and buses in India accelerates earnings at the country's auto giant Tata Motors.
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Italian carmaker Fiat Group and India's Tata Motors Ltd. announced Tuesday they have signed an agreement for a joint-venture in India to make passenger vehicles, engines and transmissions for Indian and overseas markets.
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German engineering conglomerate MAN, which wants to take over Swedish truck maker Scania, has said cost-cutting measures and strong demand for its products enabled it to book record earnings last year.
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Daimler AG  is very close to announcing a joint venture with an Indian partner to produce commercial trucks for the Indian market, a senior Daimler executive said on Friday.
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Ford Motor Co  on Thursday selected Tata Motors Ltd  as the front-runner to buy Jaguar and Land Rover, placing India's top truckmaker in a position to take over two storied British luxury nameplates.
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Investment banks helping Cerberus Capital Management LP finance its buyout of Chrysler, the U.S. arm of automaker DaimlerChrysler , will launch a road show in the next week to raise funds for the deal, according to a report in the Wall Street Journal, citing a source familiar with the matter.
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Wal-Mart Stores Inc. , the world's biggest retailer, will enter India's retail market through a joint venture with Bharti Enterprises, adding its logistics expertise to the conglomerate's knowledge of the local market.
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DaimlerChrysler's announcement that its troubled U.S. division could be put up for sale made the past week a busy one for private-equity firms.
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DaimlerChrysler  will consider a wide range of strategic options for its loss-making U.S. arm Chrysler Group, the world's fifth-biggest carmaker said in a statement on Wednesday.
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DaimlerChrysler AG's   U.S. head of product development said on Wednesday that the German-American carmaker's Detroit and Stuttgart-based units plan to share more components and platforms -- and one day could be building their vehicles in common plants.
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U.S. carmaker Ford Motor Co said on Thursday India's Tata Motors Ltd was the front-runner to buy its European brands Jaguar and Land Rover.
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German-US car giant DaimlerChrysler said that it was able to lift overall vehicle sales last year, thanks to the strong performance of its Chrysler and Smart cars, while sales of its prestigious Mercedes brand declined.
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General Motors and DaimlerChrysler are joining forces to develop a new hybrid powertrain that they claim is more efficient and flexible than current hybrids.
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A partnership with Mitsubishi Heavy raises some interesting scenarios.
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Audi, the luxury car arm of European auto giant Volkswagen, said that it planned to start production in India next year.
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Automaker sees greater participation as the way to boost light truck sales in the fast-growing market.