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 [...]
Sun Microsystems to cut 3000 jobs
Sun Microsystems has announced that they would cut around 3000 jobs sometime next year.
Sun is in the process of getting acquired by Oracle and they are looking for approval from the European regulatory bodies.
The delay means that Sun is losing money and they have to cut costs to stay [...]
Steve Jobs behind Disney’s new Retail Strategy!
New York Times has reported that Disney is gaining from Steve Jobs and Apple’s retail store team to change the way their retail stores operate.
Steve Jobs is the largest individual share holder in Disney. He is also the CEO of Apple.
The report states that Disney is [...]
Larry Ellison not happy with delay over Sun Microsystems acquisition
Oracle CEO Larry Ellison has revealed that Sun Microsystems is losing around USD 100 million every month.
Oracle is in the process of acquiring Sun but the deal has been delayed by the European regulatory bodies.
He said: “The longer this takes, the more money Sun [...]
Tata Motors European Technical Centre gets a loan from UK government
Tata Motors has announced that their UK based subsidiary Tata Motors European Technical Centre has received a loan of £10 million from the UK government.
These funds are to develop electric vehicles for sale in the UK market.
These funds have been provided under the UK [...]
Inditex to start selling Zara branded cloths online
Europe’s leading clothing retailer Inditex has announced their plans to start selling Zara branded cloths online.
They are aiming to launch the online store before the end of the current year in some European markets.
The company said in a statement: “Zara will start online sales for [...]
Mumbai-Dhaka flights soon from Jet Airways
Jet Airways has announced that they are going to launch a daily flight between Mumbai and Dhaka from next month.
The company said in a statement: “With the launch of our Mumbai-Dhaka service, passengers from Bangladesh may connect on to Jet Airways’ services to North America, Europe and the Gulf, [...]
Hyundai i20 set to be exported to more markets
Hyundai India has revealed that they are now working on plans to expand the exports of their i20 premium hatchback.
The South Korean automaker is now going to sell it in other markets outside the Europe.
The company said that they are aiming to increase its export base [...]
Fiat gets approval to acquire Chrysler
The European Commission has given its approval to Fiat to acquire Chrysler.
EU said in a statement that they are confident that the deal would not hurt competition in the European markets.
European Commission added in a statement: “The Commission’s examination of the transaction showed that the horizontal overlaps between the [...]
Hyundai i20 to be manufactured in Europe
Hyundai Motor India has confirmed that they would shift production of Hyundai i20 for exports from India to Europe by next year.
They have been manufacturing this car in India for sale in domestic as well as in international market.
Hyundai said that this new model could be manufactured at [...]
