Toyota opens mega diesel engine plant

Bengaluru: Toyota Corporation inaugurated its Rs 1,100-crore diesel engine manufacturing plant here on Thursday. The plant will manufacture powerful and high performance Global Diesel (GD) engine, the company said. PTI

Fiat Chrysler recalls 13,000 Maserati cars

Washington: Fiat Chrysler’s Maserati unit is recalling 13,092 Quattroporte and Ghibli in the US because they may roll away after drivers mistakenly believe they have engaged the vehicles in ‘park’ mode. Reuters 

China banks write off $300 bn in bad loans

Beijing: Chinese banks have written off more than $300 billion of bad loans in the past three years, an official said on Thursday as Beijing seeks to reassure investors that the country can cope with its mounting debt problem. AFP