The worst terror attack in Iran this century occurred when Iranians marked the fourth anniversary of Iranian Revolutionary Guards commander General Qassem Soleimani's death. Soleimani was killed by a US drone on January 3, 2020.
The iconic brand is considering petrol powertrains for its entire Indian portfolio, which includes the Jeep Compass, Meridian, Grand Cherokee and Wrangler.
Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
The country's first ever carmaker, Hindustan Motors, is looking at a second coming. Talks are on for a joint venture with a European auto company focused on the electric vehicle (EV) space. A memorandum of understanding (MoU) has been signed and due diligence is expected to start shortly and will take 2-3 months to conclude.
Making a debut in India with an SUV, Citroen's products in the next couple of years will clearly chart and define its destiny in what has become both a vibrant but also a daunting market for foreign entrants, says Pavan Lall.
As Mahindra readies to unveil its latest version of the Jeep that is so beloved of adventure enthusiasts, the urban crowd as well as the countryside, Rajesh Karkera/Rediff.com traces the vehicle's journey through the decades.
Europe's leading car maker, Groupe PSA, officially announced its re-entry in India this April with the Citroen brand. Citroen C5 Aircross SUV will challenge the likes of Mahindra XUV500, Tata Harrier, Hyundai Tuscon, Jeep Compass and the upcoming MG Hector. The C5 Aircross will be the first of several differentiated products from the company's vehicle manufacturing unit in Tiruvallur, Tamil Nadu.
Big brands like Hyundai, Mahindra and Mahindra (M&M), Toyota and Renault have lost share.
Three way split of AIADMK has slowed decision-making, prompting industry to look outside the state, says T E Narasimhan.
If Fernando Alonso were to beat the odds and win the Indianapolis 500 on May 28, the double Formula One world champion will be one step away from the 'Triple Crown of Motorsport'.
Most Indians have an Ambassador story. Avishek Rakshit chronicles what made this car such an indispensable part of India's cultural psyche.
'This is purely a brand sale. It includes the Ambassador with its variants. Peugeot is likely to relaunch the brand with multiple variants.'
This is the second deal between Peugeot and the C K Birla group. Last month, the two groups entered a "long-term" partnership, with an initial investment in capital expenditure of close to Rs 700 crore, for vehicle and power-train manufacturing in Tamil Nadu.
The JV between the French auto major and India's CK Birla group is aiming at production capacity of about 100,000 vehicles a year by 2020.
Take a look at these dazzling cars of the future.
It manufactures cars ranging from entry-level hatchbacks to sedans to sport utility vehicles to vans to pick-up trucks. It also has a range of electric and hybrid vehicles
Britain's vote to leave the European Union means uncertainty for markets and companies as London initiates at least two years of negotiations with the EU.
These and many more stunning photographs are encapsulated in this weekly, striking photo feature put together by Rediiff.com.
Volkswagen mess costs Germany its strongest nation brand position.
PSA Peugeot Citroen has no plans to re-enter India's car market any time soon
The broader markets are trading inline with the larger peers with BSE Midcap and Smallcap indices up 1.5% each.
German prosecutors launched an investigation on Monday into fraud allegations against former Volkswagen boss Martin Winterkorn.
Some new EU cars, including Mercedes, BMW and Peugeot vehicles, were using around 50 percent more fuel than manufacturers claimed.
The scandal has also rocked the wider car market, with manufacturers fearing a drop in diesel car sales.
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
Volkswagen AG said a scandal over falsified US. vehicle emission tests could affect 11 million of its cars around the globe.
Late on Monday, Volkswagen's U.S. chief Michael Horn said the company had "totally screwed up" and promised to make amends.
Mahindra to sell Peugeot scooters in North Africa
Brijmohan Lall Munjal, 92, who recently became chairman emeritus of Hero MotoCorp, single-handedly rewrote the rules of the motorcycle business
Mahindra & Mahindra is in talks to buy a majority stake in Pininfarina.
Rediff.com encapsulates all the excitement through these breathtaking visuals from the Dakar Rally.
Didier, a salesman at a printing press, didn't know a regular meeting with a client would turn the world's spotlight on his small industrial town of Dammartin-en-Goele, where France's most wanted men have been holed up since late Thursday evening.
"We are ready to die as martyrs," the Charlie Hebdo killers have reportedly said after they seized a hostage and are now holed up on an industrial estate near a Paris airport, at Dammartin-en-Goele, north-east of the capital, where they are surrounded by dozens of armed police.
German driver Nico Hulkenberg will race in next year's Le Mans 24 Hours sportscar race with Porsche as well as Formula One with Force India, the German manufacturer said in a statement on Thursday.
South Korean steel giant Posco has narrowed down on Sanand (Gujarat) for setting up its steel coil unit at an investment of $20 million.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
From selling 14,000 Jeeps in 1973, we slipped to selling just 7,000 vehicles within just three-and-a-half years by 1976.
Sensex was up 46 points at 20,680 and the Nifty advanced 13 points to trade at 6,140.
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