Andy Palmer

Aston Martin confirmed on Tuesday that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer who stepped down on Monday.

Hinduja group flagship Ashok Leyland in joint venture with Nissan rolled out its first light commercial vehicle (LCV) – Dost – at half the envisaged investments in the project, even as both partners are mulling over the possibility of expanding the scope for the JV to make vans.

Nissan had reported 48 per cent increase in sales at 4,362 units in the country in June this year as against 2,949 vehicles sold in the same period last year.

The company will launch the next generation Micra from its French plant and free up capacities in India for products for sale in India.

British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come a week after Aston Martin confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer.

The Ashok Leyland, Nissan light commercial vehicle (LCV) project crossed a significant milestone on Monday with the signing of MoU with the TN government.

A gross-cost contract pays the operator a specified sum to provide a specified service for a specified period. Under this model, all revenue collected is for the authority.

Nissan wants to expand its portfolio of luxury cars in India and plans to launch its premium car brand Infiniti. The entry of Infiniti will further drive up competition in the luxury car space with Toyota also drawing up plans to get the Lexus.

Having tasted limited success in the Indian market, Japanese car major Nissan has decided to drive in a sub-Alto car in India under the Datsun badge — priced a little upwards of Rs 2 lakh — which will also be shared by French alliance partner Renault.

Japanese carmaker Nissan is open to tie-ups with Bajaj or any other partner to play a big role in the Indian small car market with the help of Ashok Leyland's engineering arm, a top official said.

Infiniti, the luxury brand of Japanese car major Nissan, will assemble cars in India, looking to tap into the growing appetite of Indians for expensive cars.

Japan's Nissan Motor categorically ruled out joining Bajaj Auto's proposed foray into the four-wheel light commercial vehicle (LCV) project.

Unveiling the SUV Rexton at Auto Expo, Mahindra and Mahindra said it will be launched in India in next six months | Special coverage

Tata Group will build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories, delivering a major boost for a UK car industry in need of domestic battery production to help secure its future. The announcement marks Britain's biggest move in the car gigafactory space as it seeks to keep up with the United States and European Union in the race to develop green industries.

Britain's electric car charge faces battery challenge