3 auto giants to join hands

MAY 8: Following its recent passenger car alliance with DaimlerChrysler AG in which the German-US auto giant agreed to take a 34 per cent ...

MAY 8: Following its recent passenger car alliance with DaimlerChrysler AG in which the German-US auto giant agreed to take a 34 per cent stake in Mitsubishi Motors, the Japanese automaker said last month it would be embarking on plans to make a global compact car.

"It is true that we have begun studies for Hyundai to participate in the Mitsubishi-DaimlerChrysler global strategic compact car project, but we have not reached an agreement," said a Mitsubishi spokeswoman.

Mitsubishi and Hyundai, however, do have close ties and analysts said that such a deal would make sense as it would enable Mitsubishi and DaimlerChrysler to produce more vehicles, making for greater cost-competitiveness.

For Kolkata, the IMD has forecast mostly cloudy skies with light to moderate rain or thundershowers on most days through Panchami.

Unprecedented rain submerges Kolkata amidst Durga Puja preparations; train services hit

Cities39 min ago

At least two people were killed as Kolkata woke up to an inundated city on Tuesday morning after heavy overnight rainfall flooded streets, railway tracks, and Metro tracks. The downpour, which began late Monday night and continued past midnight, led to severe waterlogging across major arterial roads and residential areas, paralysing normal life.

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