February 11th, 2017The iconic brand Ambassador, which used to be a symbol of the high and mighty in power corridors, has changed hands, with Hindustan Motors selling it to European auto major Peugeot for Rs 80 crore.
The C K Birla group firm has inked an agreement with Peugeot SA to this effect.
As things stand, the manufacturing of Ambassador car has...
November 8th, 2016US electric car maker Tesla today said it would buy German engineering firm Grohmann to help ramp up production at its heavily-automated factories. "Several critical elements of Tesla's automated manufacturing systems will be designed and produced" in Pruem in western Germany, the California-based firm said in a statement.
Tesla,...
