Ford aims to launch one new model every 15 months in India
Ford has revealed that they are working on a road-map that would ensure a new model launch in Indian market every 15 months.
The company is currently working on their Figo small car that would arrive in India sometime next year.
Ford spoke [...]
Tata Nano production at Sanand would begin soon
Tata Motors has good news for those who want to get their hands on their Nano small car.
Tata has announced that they would begin trial production of the Nano model in the near future.
The company is currently working on setting up their new manufacturing plant [...]
Nokia to cut 220 jobs in Japan
World’s leading mobile phone manufacturer Nokia has announced that they are cutting around 220 jobs in their operations in Japan.
These jobs would be cut at their research and development units in Japan as part of their cost cutting initiatives.
The company had recently announced a similar job cut at [...]
Sprint Nextel: Virgin Mobile USA acquisition complete
Sprint Nextel has announced that they have now completed their acquisition of Virgin Mobile USA.
The deal was worth around $483 million and it would help Sprint in the pre-paid segment of the US market.
Sprint already was a stakeholder in the company as Virgin Mobile USA used their [...]
Tata Indica Electric would be ready within 14 months
Indian automaker Tata Motors has announced that they would be ready with the electric version of Tata Indica within 14 months.
This model could be sold in the domestic market if there is enough demand for such a vehicle.
Tata is developing this model for sale in [...]
Toyota recalling 110,000 Tundra trucks
Japanese automaker Toyota has announced that they are recalling around 110,000 Tundra trucks related to rusting problems.
These trucks were manufactured between 2000-2003.
Owners of these trucks are being advised to remove the spare tire from the frame. The tire could fall off while driving creating a possible hazard for other people on [...]
Playboy outsources most business operations to American Media
Playboy Enterprises has announced that they have signed on a deal with American Media.
The company is now outsourcing most of the business operations of operating their magazine to this company.
The aim is to cut the costs of production to return back to profitability.
Playboy would [...]
Maruti Suzuki India set to launch replacement for Versa MUV
Maruti Suzuki India has announced that they are soon going to launch a brand new model to replace their aging model Versa.
The company said that the new model would be launched within this fiscal year.
Maruti has already stopped the product of Versa as the [...]
Rico Auto tired of labor problems in Haryana
Rico Auto has announced that they would establish their future plants outside Haryana.
The company has suffered a lot in the recent months with their production facilities in Haryana due to labor related problems.
Rico Auto said that their customers are frustrated with the delay in supplies [...]
American Express to acquire Revolution Money
American Express seems to be planning to take on PayPal with their planned acquisition of Revolution Money.
Revolution Money was started in 2005 by Steve Case who is also known as the founder of AOL.
This acquisition deal could be worth around USD 300 million.
Industry experts [...]
