China's anti-monopoly regulators fine Volkswagen and Chrysler total of $46 million.» Read More
It listed the automakers fined as the local unit of Honda Motor Co, Toyota Motor Co, Volkswagen AG and its unit Skoda Auto, BMW AG, Daimler AG's Mercedes-Benz, Fiat SpA, Ford Motor Co, General Motors Co and Nissan Motor Co.. The other Indian carmakers fined were Maruti Suzuki Ltd, Hindustan Motors Ltd and Mahindra& Mahindra Ltd..
Shares of Tata Motors jumped 7.7 percent after strong sales of its luxury Jaguar and Land Rover vehicles helped triple the company's 1Q net profit.
Pramod Gubbi, VP of Institutional Equities at Ambit Capital, says strong sales growth in luxury brands like the Jaguar & Land Rover made up for the fall in Tata Motors' domestic franchises.
Take a look at some of Monday's midday movers:
MUMBAI/ NEW DELHI, Aug 11- Strong sales of luxury Jaguar and Land Rover vehicles helped India's Tata Motors triple its first-quarter net profit, more than making up for a drop in domestic sales.
Vivek Vaidya, Vice President, Automotive at Frost & Sullivan, says an increase in sales in China, along with a revival in India's economy, will boost Tata Motors' first quarter performance.
NEW DELHI, July 31- India's biggest carmaker, Maruti Suzuki India Ltd, warned on Thursday that its rising sales were largely driven by improving sentiment, discounts and government tax breaks, rather than any underlying economic revival.
Some of Thursday's midday movers:
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
CHICAGO, May 27- Although the world's largest democracy has been hobbled by inflation, a declining currency and difficult business environment, the pro-business Bharatiya Janata Party that just won an epic election in India has engendered optimism that the country can turn around its sagging economic scenario.
*CEO says UK science a key attraction of AstraZeneca deal. LONDON, May 10- U.S. drugmaker Pfizer fought back on Saturday against criticism that its planned takeover of rival AstraZeneca would damage Britain's science base by saying strong UK research was a key reason for the deal.
LONDON, May 10- Britain is ready for "hard negotiation" to ensure Pfizer sticks to specific promises on jobs and science under the U.S. drugmaker's proposed takeover of AstraZeneca, its finance minister said. "I think it would be extraordinary not to engage with AstraZeneca or Pfizer," George Osborne told BBC radio on Saturday.
*Plans to produce Jeep in China and India as of next year. DETROIT, May 8- If Fiat Chrysler Automobiles wants to become a significant force in Asia, it needs to succeed in China. It lags far behind rivals that are truly global players, including Toyota Motor Corp, Volkswagen AG, General Motors Co and Ford Motor Co..
The "Fast Money" traders share their final trades of the day.
U.S. carmaker Tesla is taking a bold step to win over Chinese clients by curbing the markup to just half of what its rivals can command.
For global automakers, the dusty backroads of rural India could be the new El Dorado.
This Sunday, Super Bowl sponsors' hashtags are going to be as ubiquitous as the hash marks on the field.
Some of Monday's midday movers:
CNBC's Sheila Dharmarajan reports Tata Motors stock took a hit on news that respected executive Karl Slym passed away over the weekend.
Karl Slym, managing director of Tata Motors, died after falling from a hotel room in Bangkok in what police said on Monday could be possible suicide.