Depending on whom you ask, this tiny company is either the next big thing in automobiles, or a maker of glorified golf carts.What is indisputable is that as the whole automotive world seems to be racing suddenly toward the age of electricity, the Reva Electric Car Company is in the lead, ahead of better-known local competitors like Tata Motors and global giants like General Motors and Toyota, The New York Times’s Vikas Bajaj writes.Daimler and Toyota are supposed to start trials of electric vers

The first Russian-assembled Opel car, the result of a joint venture between General Motors and the Avtotor plant, has been completed . RusAl has reported its 2008 losses, saying that it sustained a $5.98 billion hit due to the financial crisis. The state may start guaranteeing corporate infrastructure bonds by the end of the year as the ruble continues to gain thanks to oil revenues and subsequent renewed investor interest. The Moscow-Vladivostok time difference is hampering business

The first Russian-assembled Opel car, the result of a joint venture between General Motors and the Avtotor plant, has been completed . RusAl has reported its 2008 losses, saying that it sustained a $5.98 billion hit due to the financial crisis. The state may start guaranteeing corporate infrastructure bonds by the end of the year as the ruble continues to gain thanks to oil revenues and subsequent renewed investor interest. The Moscow-Vladivostok time difference is hampering business

Filed under: Government/Legal , Earnings/Financials , Renault , Russia It seemed like a good idea at the time, but with hindsight being 20-20, how many failed ventures can be summed up by that same excuse? Just last year, Russia was looking to foreign investors as one of the most promising emerging markets in the world. Renault got locked into a bidding war with Fiat and General Motors for a large stake in Autovaz, Russia's largest automaker, known to consumers for producing Lada. R

President and CEO of General Motors Frederick A. Henderson said here Tuesday that China has surpassed U.S. to be the largest market for the automobile giant. “Interestingly, if we look at China’ s market this year, we found the market has surpassed U.S market in size for GM,” he said during his first visit to China after he became the CEO in March. GM and its joint ventures in the Chinese mainland sold 181,148 vehicles in China in September, an all-time monthly record. For the first