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 [...]
Rumours: Volkswagen all set to acquire Porsche
Industry sources claim that Volkswagen is set to acquire all of Porsche in a deal that could be announced in the coming days.
German magazine Der Spiegel reported that the deal could be worth around 8 billion Euros.
This sale is expected to help Porsche get rid of most [...]
Rumours: Volkswagen improves their bid for Porsche
Germany automaker Volkswagen has reportedly increased their bid for sports car maker Porsche.
Market sources say that they are now offering around $5.56 billion for a 49.9 percent stake in Porsche.
This is an improvement of around Euro 1 billion from their previous offer if we are to believe the [...]
Maruti Suzuki India sold 75,109 vehicles last month
Maruti Suzuki India continues to post impressive sales number every month.
The company sold around 75,109 vehicles last month including their export market.
Maruti exported around 13,336 vehicles last month which is a record for the company.
Overall, the sales were up 22.6 per cent compared to the same period [...]
Porsche rejects Volkswagen ultimatum for merger
German sports car manufacturer Porsche has rejected the ultimatum given to them by auto giant Volkswagen for a potential merger deal between the two companies.
Wolfgang Porsche said that he was willing to go into talks with Volkswagen but those talks would have to be done privately and not [...]
Opel might offer huge discounts to boost sales
Market analysts believe that German automaker Opel would have to offer heavy discounts on their cars if they want to boost sales.
Opel was saved by the German government which provided it with state aid last month.
The company is still struggling to save jobs and survive in [...]
Maruti Suzuki A-Star to be launched in Africa and Latin America
Maruti Suzuki India has announced that they are now planning to launch their A-Star hatchback in new markets.
They are considering launching A-Star in African and Latin American countries in the coming months.
Maruti Suzuki A-Star was launched in India earlier this year.
Maruti said that they [...]
Fiat is interested in Opel
Fiat chairman Luca Cordero di Montezemolo has confirmed that they are interested in the Opel brand.
He said that Opel could become an ideal partner for the company. He added that they now have an extraordinary opportunity to purchase this brand.
Incidentally, they are already in the process of acquiring Chrysler [...]
Fiat possibly interested in Vauxhall and Opel brands
Market sources claim that Fiat has expressed its interest in acquiring brands from GM like Vauxhall and Opel.
Vauxhall is based in UK while Opel is based in Germany.
GM has already announced that they are going to close down much of its US manufacturing operation for nine [...]
SAP would cut more than 3000 jobs this year
More job cuts announcement… this time from the German software giant SAP.
SAP has announced that they would be cutting more than 3000 jobs from their operations this year.
The company aims to save up to 350 million Euros through this cost cutting initiatives as the [...]
