Mahesh Kodumudi took over as head of Volkswagen’s group operations in India in February 2014 at a time when the company’s sales were sinking fast. Last year deliveries to customers declined 19 percent to about 92,500 cars, contracting more than twice as fast as overall demand in the country.
A key challenge facing companies in India is the litigation over transfer pricing.
India’s government and foreign companies doing business in the country are debating whether business conducted between two companies belonging to the same parent is artificially mispriced for the purpose of lowering their tax bills.
Alfa Romeo has started development on three new models that will be key to the struggling brand’s turnaround. The cars are a midsize sedan to rival the BMW 5 series, a midsize SUV that will take on models such as the Audi Q5 and a flagship large sedan.
By Tommaso Ebhardt and Flavia Rotondi
Fiat SpA will sell shares acquired from investors exiting the company before its merger with Chrysler Group LLC to raise funds and boost trading liquidity.
By Nicole Wakelin
Will the Nissan GT-R hold its own even with the altitude handicap? Hit the play button and watch the video to see the answer.
