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Carnation Auto, promoted by former Maruti chief Jagdish Khattar, set to roll out soon.
TOKYO/SEOUL (Reuters) - Two South Korean auto makers on Friday joined the industry line up of companies suffering in the global financial crisis, with Hyundai Motor Co slashing output and Ssangyong filing for bankruptcy protection.
STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News
Japanese auto major Nissan will reduce its headcount by 1,200 employees to protect the long term viability of its manufacturing operations in Sunderland, the UK's largest car exporter and producer.
LAS VEGAS - In the shadow of the U.S. auto industry's troubles, Ford Motor Co. on Thursday showed off the latest version of its voice-activated in-car entertainment and communication service, which it hopes will lure more car buyers.
* S.Korea's Ssangyong files for bankruptcy protection
Dramatic decline in customer demand which is affecting all car makers has forced the Sunderland Plant to implement measures to adjust volume in line with the market.
By Caren Bohan
SEOUL, Jan 9, 2009; Cheon Jong-woo writing for Reuters reported tht Ssangyong Motor Corp, hit by the global slump in car sales, filed for bankruptcy protection on Friday, but its Chinese parent said it had not given up hope of reviving the South Korean automaker.
WASHINGTON, Jan 9 (Reuters) - U.S. employers probably cut the most jobs in at least 34 years last month as the global economic crisis gathered pace and moves by policy makers took time to filter through to struggling companies.
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