Indian Firm Whips up a Ferrari F430 Replica out of a Toyota Corolla

Here at Carscoop we’ve shown you Ferrari F430 clones based on all sorts of sports cars ranging from the oh-so popular Pontiac Fiero to the Toyota MR2 and even the Toyota Celica. Now it’s time to show you an F430 doppelganger of even more humble origins as this creation is reportedly based on a Toyota Corolla.

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India's Mahindra & Mahindra Seals SsangYong Acquisition

Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra won the bid for the troubled Korean carmaker in August 2010.

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VIDEO: Tata Tries to Boost Nano Sales with New Ad

As previously reported, Tata Nano sales in India have dropped significantly in the past few month, with just 509 customers opting for the US $2,900 micro car, down from 9,000 in July. It seems that Indian buyers have higher aspirations and are moving away from the Nano, as the nation’s market is booming. Reliability issues and a few spontaneously combusting units didn’t help sales either.

To mend the situation, the automaker has extended the car’s warranty and launched a new TV ad, depicting the Nano as the most lovable thing of Earth. Hit the jump to watch the commercial.