The much awaited Chevrolet Beat - the next offering from the 300 series after the Cruze – was released at a function in New Delhi by its president and managing director, Karl Slym. The 5-door hatchback will be made available in 7 colours - Olympic White, Linen Beige, Caviar Black, Misty Lake, Moroccan Blue, Green Cocktail and Super Red.

General Motors, GM, is to give up a crucial 1 per cent of its China passenger-car venture to its partner SAIC, the state-owned Chinese automaker, as part of a deal which will launch the two companies on a new partnership venture selling low-cost vehicles in India.

the company's second CEO this year, has resigned and been replaced by interim CEO Ed Whitacre, a member of GM's board of directors.

GM's move, in which it would repay $1 billion per quarter to the U.S. loans , is likely to be outlined Monday

General Motors India will launch its light commercial vehicles, popularly called minivans, in the domestic market in the medium future. “The launch of the light commercial vehicles in association with our Chinese partners would happen in the medium term,” says Karl Slym, President