Lamborghini to build on last year's success

Italian car maker Lamborghini sees a 5 percent increase in global sales this year following record sales in 2007, Chief Executive Stephan Winkelmann said.

IN BRIEF (Page 16)

Business International

Can auto giants cope with $100 oil?

Ford Motor Co and Chrysler LLC are betting they can return to profitability by selling new versions of their big pickups. The automakers didn't expect US gasoline prices to more than double before they got the trucks to market.

GM chief: Outlook to improve later in '08

The top executive at General Motors Corp said that the woes of the US economy were a concern to the automaker, but predicted that the second half of 2008 would be better than the first half.

Chrysler mulls selling assets

Chrysler LLC ended 2007 with more cash on hand than its new private owner Cerberus Capital Management projected, but the automaker is looking to sell real estate and other assets to boost liquidity, Chief Executive Officer Bob Nardelli said on Sunday.

BMW has high hopes for US

Germany's BMW, the world's biggest premium carmaker, said it saw no sign of a slowdown in the United States and aimed to sell at least as many cars in 2008 here as in 2007.

Biz People

VW chief eyes 8 percent growth

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Business International

Tata reveals his $2,500 'People's Car'

Tata Motors Ltd, India's largest truckmaker, unveiled the country's cheapest car yesterday, pricing it at 100,000 rupees ($2,500), as it aims to convince the nation's motorbike riders to trade up to four wheels.

Nano seeks profit in affordability

India signaled to the world a very tentative arrival as the next hub for global disinflation as Ratan Tata yesterday unveiled his $2,500 car, the cheapest ever.