Meet the Most Happy-go-Lucky Driver in the World [Video]

Upon viewing this accident that was caught on a security camera for the first time, the initial reaction is shock: a large bus (seemingly) drives through a red light and crashes with an oncoming bus at the intersection.

Take a closer look at the footage though and shock is quickly followed by bewilderment when you notice a small green vehicle, which looks to be a three-wheeler tuk-tuk (or rickshaw), passing between the two busses milliseconds after the impact and just as the second bus falls onto its side!

From what we can tell, the green tuk-tuk came from the park and turned right on the central road. The accident reportedly happened in Bangladesh on Monday. Check it out for yourself in the clip after the break.

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Nissan Announces New Midterm Business Plan, will Introduce a New Vehicle Every Six Weeks for Six Years

Japanese carmaker Nissan Motor Co. revealed on Monday its new midterm business plan dubbed “Power 88”, with which it aims to boost both its global market share and profit margin to 8 percent within six years – hence the “88” reference in the name. Last year, Nissan, which is 44.3 percent owned by French partner Renault, had a 5.8 percent global market share.

The new plan calls for the introduction of 52 new cars for fiscal years 2011 to 2016, or about one new vehicle every six weeks.

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Locally Made Right-Hand-Drive Renault Duster to Launch in India

The Renault-Nissan Alliance is gradually expanding the availability of its Duster small SUV, originally branded as a Dacia, to more international markets. Following the recent presentation of the Renault Duster for the South American region at the Buenos Aires Motor Show, today, the French firm confirmed its launch in India.

To be sold under the Renault marque, the right-hand drive [RHD] version of the Duster will be fully produced at the Renault-Nissan Chennai plant in India and rolled out across the local market in the second half of 2012. The RHD Duster will also be available in the UK starting from next year.

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European Automakers Demand a Fair Deal in Emerging Auto Markets

At a recent meeting of the European Automobile Manufacturers Association (ACEA), industry leaders voiced their concerns over government assistance, high import tariffs and other trade barriers in newly minted auto markets such as China, India and South Korea. It’s a situation that’s made it very difficult, if not impossible, for the Euros to compete.

Dieter Zetsche, CEO of Daimler and the President of ACEA puts it well: “We are asking for a level playing field.”

Paul Everitt, CEO of the UK’S SMMT motor industry group echoes those remarks: “Our vision is for us to design, develop and manufacture high-value vehicles to export around the world. That is difficult if we don't get access.”

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Investigators Uncover Multi-Million Pound Tax Scam in India; European Exotics, Foreign Diplomats and Bollywood Actors Involved

In what sounds more like the plot of a The Fast and the Furious movie than real life, investigators at India’s Directorate of Revenue Intelligence office (a.k.a. India’s IRS) have uncovered a massive exotic car smuggling operation in the nation’s capital of New Dehli. It all has to do with India’s notorious 100% import tax on new luxury vehicles.

It began with one New Dehli luxury car dealer, Sumit Walia, importing brand new luxury cars on forged invoices. These invoices listed the cars as second-hand, which saved Walia – and his customers – some 40% on import tax. Some of the cars – which included Porsches, Bentleys and Aston Martins – were found to have been stolen from the streets of Britain, France, Singapore and Japan.

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