Ashwin's Blog – July 2012 Archive (1)

General Motors India recently announced plans to phase out some of its old luxury models (Optra and Aveo), owing to the current slowdown in the automobile industry. In an industry where workers rarely get any breaks, GM India had observed 2 non productive days last month to address the sudden fall in demand. Overall sales of Volkswagen another global automobile giant fell by 28% in the last 5 months. The sales charts of many prominent players in the industry are telling the same story.… Continue