GM and Ford slows car manufacturing in Europe
Both GM and Ford have announced that they are now slowing down production of cars in their European plants.
They are cutting their output as the sales are down and the economic conditions are worsening.
GM has already shut down their Opel factory at Bochum. It would remain down till [...]

Nokia to sell line fit automotive business to Novero
World’s largest mobile phone maker Nokia has revealed that they are now going to sell their line fit automotive business to Germany’s Novero GmbH.
The two companies have not revealed the financial aspects of this deal. They expect the deal to be complete by next month.
Nokia added that [...]