Karl Slym News
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Can a car be too cheap? Tata Motors Ltd. is hinting at pricier models based on the Nano, the $2,000 compact it introduced with great fanfare in 2008. The reason: Few buyers wanted a vehicle that was primarily pitched as an inexpensive alternative to a motor scooter.
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Karl Slym, managing director of Tata Motors Ltd., said he’s planning to build a diesel version of the world’s cheapest car this year to revive vehicle sales, which have dropped for three straight quarters in India.
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Tata Motors Ltd., India’s biggest automaker, has a new strategy to revive car sales from a decade low: the company is promising to buy back your Manza sedan.
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Two weeks into his new role, Karl Slym, managing director of Tata Motors Ltd. plans to scrap models and change perceptions about quality as India’s biggest automaker struggles to stem losses in market share.
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General Motors Co.’s India unit plans to introduce light trucks developed in China by the end of 2011 as economic development and expanding cities spur road haulage in the world’s second-most populous nation.
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General Motors Co. appointed Lowell Paddock as president and managing director of its India operations, effective Jan. 1, 2012.
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General Motors Co. ’s India unit aims to almost triple annual sales to 300,000 vehicles by 2013 as the nation’s economic growth and rising incomes boost demand.
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General Motors Co. said about 400 workers staged a stoppage over pay at one of its two factories in India, disrupting production in Asia’s second-fastest growing major economy.
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Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.
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General Motors Co. Chief Executive Officer Dan Akerson said he prefers his successor to come from within the automaker to ensure a smooth handover.
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