The company is expected to launch the model in India in the middle of 2016.
Toyota and rival Nissan on Wednesday announced the recall of about 6.5 million vehicles globally in the latest chapter of an exploding airbag crisis linked to at least five deaths.
BMW will launch 15 models this year. Out of the 15 models, four will be brand new models.
With the two new platforms the company is looking at churning out multiple models for at least next decade.
Over 1.3 million Swift cars have been bought in India.
The new cars from the VW stable will be a new SUV, a premium sedan, luxury hatchback and a facelifted car.
American automobile major General Motors (GM) on Tuesday announced it had manufactured 500 million vehicles globally over the past 106 years - the most by any automaker.
Tata Motors will not be driving in a diesel engine powered Nano in the near future owing to issues related to "refinement and economics".
According to Grant Thornton's Automotive Sector Dealtracker, the number of deals in the Indian automotive sector has witnessed a decline from 51 deals in 2011 to just 22 transactions in 2014.
The models in question were produced by Jaguar Land Rover, which is owned by Tata Motors , between August 2014 and February 2015, it said.
Volkswagen increased operating profit in the first quarter on cost cuts and improving European auto demand, winning some respite after the shock ouster of Chairman Ferdinand Piech.
Bullish on the segment, the group is eyeing a turnover of Rs 300 crore from the automotive division -- Lohia Auto Industries in the next three years.
All cars and light vans in Europe will have to be fitted with automatic emergency calling devices from April 2018 under new rules approved by European Union lawmakers on Tuesday, which could cut road deaths by 10 percent a year.
The jet, which seats six or seven, starts at USD 4.5 million.
Hyundai Motor on Thursday posted its fifth consecutive drop in quarterly profit after South Korea`s biggest automaker boosted sales incentives in the United States and weaker overseas currencies put a drag on offshore revenue.
Swedish commercial vehicles major Volvo plans to invest around Rs 500-700 crore in India in next five years to expand business activities in the country.
Alibaba and WeChat messaging app provider Tencent have both announced plans for cars in the past month.
Online queries for used cars grew 30 percent in 2014 and has jumped 20 times in the last six years, with utility vehicles being the most sought after among used ones, technology giant Google said Tuesday.
The owners of the first Maruti 800, which rolled out in 1983, have called for the car to be restored.
The Ford Motor Company unveiled Friday a $2.5 billion investment for engine and transmission plants in Mexico, the second major project announced in the country by a foreign auto power this week.
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