Chennai will be largest auto cluster in the globe, says Chief Minister Business Line Tamil Nadu Chief Minister Ms Jayalalithaa with the CII team members- ( from left) Mr Kris Gopalakrishnan, Vice President; Mr Adi Godrej, President Designate; Mr T.T. Ashok ( partially seen), Chairman, CII ( Southern Region); Mr R. Dinesh, Vice Chairman, CII [Continue]

Nissan chief says automaker aims for 8 pct global market share in fiscal 2016 YOKOHAMA, Japan – Nissan Chief Executive Carlos Ghosn unveiled an ambitious six-year plan for growth Monday, including a target of boosting its share of the global auto market to 8 per cent. Read more on Brandon Sun [Continue]

Mexico says $250 million in oil stolen in 4 months share: digg facebook twitter MEXICO CITY (AP) — Increasingly sophisticated thieves stole thousands of barrels per day of oil products from Mexico’s state-owned oil company in the first four months of 2011, thefts worth about $250 million, the company’s director said Thursday. About [Continue]

Top cattle producer says industry in limbo Australia’s largest cattle producer is urging the Federal Government to move quickly in dealing with suspension of the live trade to Indonesia. Read more on ABC via Yahoo!7 News [Continue]

Obama says American automakers inspire in face of ‘headwinds’ WASHINGTON – Distancing himself from new economic sputters, President Barack Obama on Saturday declared that recent “headwinds” were the result of high gasoline prices, Japan’s disastrous earthquake and jitters over a European fiscal crisis. Read more [Continue]