Nissan announces V platform for small cars
Japanese automaker Nissan is working on a brand new platform named V for small cars that would be launched in markets like China, India and Thailand.
The company has been reportedly working on this new platform for their new generation cars since 2005.
A Nissan representative said: “Europe can [...]
China Unicom to acquire back stake from SK Telecom
China Unicom has announced that they are going to buy back stake now owned by SK Telecom.
This deal would be worth around US$1.29 billion.
China Unicom Chairman Chang Xiaobing spoke about this deal: “After the share repurchase, China Unicom will be pleased to maintain the sound [...]
Taobao.com aims to become a global giant!
Taobao.com is mostly known as the eBay of China.
The company has now revealed that they are aiming to have 1 billion global users shopping on the site in 10 years.
They currently serve around 25 million shoppers each day.
Interestingly, the company currently has no concrete plans [...]
India exporting more cars now compared to China!
India is one of the fastest growing auto markets in the world.
The country is now exporting more cars compared to China.
Industry sources claim that Indian automakers exported 2.30 lakh vehicles during the period between January and July 2009.
China on the other hand could export only [...]
Lee Kai-Fu leaving Google China
Google has confirmed that Lee Kai-Fu is leaving their Chinese unit which has been working hard to compete with Baidu in that market.
The company has now announced Yeo Boon-Lock as Lee’s replacement.
Lee had joined Google from Microsoft. That appointment made headlines as Microsoft sued him for breach of [...]
Toyota small car for India codenamed 800L
Toyota has been working on a small car model for the Indian market with the sole aim to boost their market share in this growing economy.
India is one of the hottest automotive markets in the world along with China.
And Toyota wants to become a giant in India.
They [...]
China Eastern Airlines to acquire Shanghai Airlines
China Eastern Airlines has announced that they are now acquiring smaller rival airline company Shanghai Airlines.
The deal is worth around 7 billion Yuan and it would be conducted in an all-share deal.
Every share of Shanghai Airlines will be exchanged for 1.3 shares of China Eastern Airlines.
With [...]
GM to manufacture small cars in Michigan
US based automaker General Motors has announced that they have selected Michigan as their preferred location to manufacture small cars.
The company is now dropping their plans to close two plants near Detroit.
They would now manufacture these small cars at its Orion Township assembly plant which was originally scheduled [...]
Ford to concentrate on India and China for growth
US based auto giant Ford is going to focus on India and China for growth.
Ford is struggling in their domestic market of USA and they are relying on international markets to stay competitive.
Ford said: “India is a great market to be in, particularly so at these challenging [...]
Sichuan Tengzhong could acquire Hummer from GM
GM has revealed that they are going to sell their Hummer brand to Chinese company Sichuan Tengzhong Heavy Industrial Machinery.
The financial aspects of the deal have not been revealed to the media.
Sichuan Tengzhong is based in Sichuan and they are in construction business.
The deal between GM and Sichuan [...]
