Auto Sector

Nissan to skip auto shows in Detroit and Chicago

Nissan Motor Co.In the latest move to cut its marketing budget in the tight auto market, a major automaker - Nissan Motor Co - has decided to skip the Detroit and Chicago auto shows, which are costly trade events designed to showcase upcoming vehicles.

Electric car services to be increased in the Bay Area

'Better Place', a venture-backed company designed to reduce demands on petroleum through infrastructure favoring electric cars, has proposed to increase the availability of electric car services and provide incentives for investment in the technology. Representatives of the cities of San Francisco, San Jose, and Oakland said they will partner with 'Better Place' (BP) in its venture.

VAuto inks pact with Enterprise Car Sales

VAuto inks pact with Enterprise Car SalesChicago-based VAuto, formerly known as mP

Ford Motor to sale 20% stake in Mazda Motor Corp.

Ford Motor Co. Ford Motor Co. (F), which holds the biggest stake in Mazda Motor Corp. with a 33.4% stake, has decided to offload its stake by 20 per cent.

GM sells remaining 3% stake in Suzuki Motor for $230 million

General MotorsAmerican auto giant General Motors Corp. has informed that it has sold its remaining 3% stake in Suzuki Motor Corp. on the open Tokyo stock market for about $230 million.