The move is the troubled automaker's first step in a restructuring plan that would shrink its distribution network from 6,000 to 3,600 by the end of 2010. The company is trying to avoid bankruptcy. General Motors Corp. notified 1,100 of its dealers that it would not renew their franchise contracts today, effectively pushing out nearly 20% of its distribution network.
Despite downturn, these cars are still selling
The Audi S5 coupe packs a 354-horsepower V8 engine, a taut sport suspension and three customized drive modes into one sleek ride.
Maruti launches Ritz; priced at Rs 3.90-4.99 lakh
The country's largest car maker, Maruti Suzuki India, today launched its latest small car Ritz in both petrol and diesel variants, offered at an introductory price of Rs 3.90-4.99 lakh.
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