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 [...]

Tokyo Motor Show loses Ford and Chrysler
US based automakers Ford and Chrysler have announced that they would not be participating in the upcoming Tokyo Motor Show.
GM is also said to be close to announcing their decision to not participate in this trade show.
Ford said in a statement on this development: “At this time, [...]

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 [...]

Yahoo! sued for not accepting Microsoft bid for acquisition
Detroit’s police and fire retirement system and general retirement system have now filed a lawsuit against the internet media giant Yahoo for not accepting the acquisition bid from the software giant Microsoft.
They are claiming that the company did not perform their duties to the shareholders in the [...]