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Tata ramps up production of Nano to boost slow sales

Tata is cranking up supply of the Nano in India to counter sluggish sales. Until now, supply has been pretty limited with sales most months struggling to break beyond four figures; hardly the breakthrough expected from the widely hyped cheapest car in the world. A new plant in Sanand recently came on stream and it has a capacity of 250,000 cars a year.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.

Lifeboat resuces two swamped cars

A LIFEBOAT CREW rescued two cars which were swamped by the sea within 90 minutes of each other as the highest tides of the year caught drivers out. At least one of the vehicles which were wrecked by the submerging North Sea had been used to try to pull a boat out of the water, the RNLI said. A crew from Redcar, near Middlesbrough, responded to the first call-out at 3.20pm on Wednesday after coastguards received a number of 999 calls saying two people were on the roof of a vehicle on the town's beach as the waters came in.