Qimonda gets an emergency loan to stay alive
Memory chip manufacturer Qimonda has received an emergency loan worth around 325 million euro.
This would help them survive for the time being.
The company also has the option to tap into federal aid.
This rescue package has been arranged by German State of Saxony and Infineon which is the [...]
Maruti Suzuki closing on selling 10 lakh Alto in India
Maruti Suzuki are getting close to selling their 10 lakh unit of Maruti Alto in the Indian market.
They have already manufactured the 10 lakh unit at their plants earlier this year.
This model is exported to other countries including Switzerland, Germany, the Netherlands, Finland, Greece, Austria, Ireland, [...]
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 [...]
Porsche raises its stake in Volkswagen
Sports car manufacturer Porsche has announced that they have now raised their stake in the German automotive giant Volkswagen.
This increased stake in VW now gives them effective control over the Europe’s largest automaker.
Porsche now has 35.14 percent stake in the company.
With this, Volkswagen has basically now become a subsidiary of [...]
T-Mobile tastes good success with iPhone 3G
Deutsche Telekom has reported that their mobile telecom business T-Mobile has sold more than 120,000 iPhone 3G units since launch last month.
This is despite the fact that there has been a shortage of units due to launch in several countries in a short period of time.
The company said that [...]
Audi R8 sold out in India for this year
German automaker Audi has plans to launch their Audi R8 model in the Indian market later this year.
Incidentally, the car is already sold out as the company has received confirmed bookings for 15 cars.
They would be importing this model directly from their plant in Germany. Audi India [...]
BMW to recall 200,000 vehicles to fix airbags
German automaker BMW has announced that they are going to recall around 200,000 vehicles to fix issues with airbags.
The company said that these vehicles might need a fix without which the airbags might not deploy in case of a crash.
These recalled vehicles include 2006 3 Series, the [...]
Vodafone Music Reporter: Vodafone collaborates with MySpace
Mobile service provider Vodafone has announced that they are now collaborating with the social networking service MySpace.
Vodafone would now be providing footage from their sponsored media events on the MySpace network.
This new service has been named Vodafone Music Reporter and it would be offered in the European markets [...]
Starbucks to expand in Europe with 150 new stores
Starbucks Corp is set to launch more stores in the European market for expansion.
Wall street journal reported that the company is planning to set up 150 new locations in the United Kingdom, France and Germany over the next three years.
These new stores would be established at airports [...]
AOL Video launched in India, Canada and Taiwan
US based internet company AOL has announced that they are now launching localized editions of their video portal in three markets India, Canada and Taiwan.
These localized editions would feature domestic content in addition to media from international sources.
AOL is also now working on launching similar online destinations in [...]
