Chinese car manufacturer Geely has bought LTI, makers of the legendary black London cabs, for £11.4 million. This includes  plant, equipment and property, intellectual property rights, trade marks and the "goodwill of the business" as well as Manganese Bronze Holdings (MBH) 48% stake in the joint venture manufacturing company in Shanghai set up by Geely and MBH in 2009 and MBH's stock of unsold vehicles.  MBH is the manufacturer of the cabs.

LTI which is based in Coventry went into administration in October. According to news reports, production of the TX4 cabs will still continue in their Coventry plant. They also have revealed plans to come out with new green cabs in the near future.

Komatsu to Acquire Manufacturer of Forest Machine Attachments.

Komatsu Ltd. (President and CEO: Kunio Noji) (hereinafter "Komatsu") has recently decided that Komatsu Forest AB (President: Toshio Miyake) (hereinafter "KFAB"), Komatsu's wholly owned subsidiary, is going to acquire Log Max AB and Log Max, Inc., Log Max ABfs US sales company from Log Max International Holding AB (Chairman: Mr. Stig Linderholm). On a premise of approval by the concerned authority, Komatsu is working to complete the acquisition by the end of November 2012 ...

Read more: http://www.komatsu.com/CompanyInfo/press/2012102216015614097.html

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Tata Motors has announced a 41% rise in profits booted by rise in sales by Jaguar Land Rover (JLR) despite fall in profits within the Indian market (falling more than half to 1.74bn Rupees).

The rise is attributed to sales (32,000) of the new Range Rover Evoque model.

In the three months to December 31, China has also overtaken UK as JLR's biggest market. China now accounts for 17.2% of total sales compared with 16.5% for the UK. Sales have also increased in Russia. In the same quarter, JLR had a profit of £440m, up 57% from a year earlier.

Source: BBC News.

In contrast to the rest of the manufacturing industry here in the UK, car production rose 1.3% in July this year compared with the same period last year and has gone up 3.7% in the first seven months, according to The Society of Motor Manufacturers and Traders. An article in the Guardian is ascribed to the export orientated nature of the car industry and the "rise in demand of upmarket brands like Jaguar and Mini in emerging markets such as China".

Ford India recorded the highest ever sales in the first quarter for the company with 97% year-on-year (YonY) growth for the quarter ending March 2011. They sold over 10,000 vehicles there in March, making it the highest selling month so far. This was driven by strong sales of the Figo.

The Figo was selected as Indian Car of the Year (ICOTY) 2011.

The car is being exported to South Africa, Nepal and Mexico.

Production at Ford India has crossed 100,000 units in a single financial year (April 2010-March 2011) as well.

The Ford Fiesta will be launched in India later this year.

Ford India has a dealer network of more than 170 outlets in 100 cities across India.