Toyota recalling 110,000 Tundra trucks
Japanese automaker Toyota has announced that they are recalling around 110,000 Tundra trucks related to rusting problems.
These trucks were manufactured between 2000-2003.
Owners of these trucks are being advised to remove the spare tire from the frame. The tire could fall off while driving creating a possible hazard for other people on [...]
Reva might assemble cars in USA
Reva Electric Car Company could soon become the first automaker from India to make its cars in the USA.
Reva is considering setting up an assembly unit in New York for their new model NXR.
They are going to work on this project in collaboration with Bannon Automotive.
A company insider was quoted [...]
AOL acquires Patch Media Corp. and Going Inc.
US based internet media giant AOL has announced two new acquisitions aimed to further expand their range of web properties.
AOL is now acquiring Patch Media Corp. and Going Inc.
Both of these deals are low value acquisitions. AOL is paying less than USD 10 million for each of these [...]
Chase Carey leaving DirecTV for News Corporation
News Corp. has announced that they are hiring Chase Carey as their new deputy chairman, president and chief operating officer.
He would replace Peter Chernin. His appointment would be applicable from next month.
Carey is currently the CEO of DirecTV.
At News Corp, he would practically be the second most [...]
Honda Element becomes Dog friendly
Honda has showcased a new variant of their Honda Element sports utility vehicle that is designed to be friendlier to dogs.
This model was displayed at the New York International Auto Show on Thursday.
This concept model features a cushioned pet bed with safety restraints in the cargo area.
Also included are [...]
Rackable Systems to acquire Silicon Graphics
Rackable Systems has announced their decision to acquire Silicon Graphics.
The deal is worth around USD 25 million.
Rackable specializes in developing server and storage for medium to large data centers.
The announcement comes just as Silicon Graphics filed for federal bankruptcy protection in New York.
As part of the deal [...]
Freedom Tower to be called One World Trade Center
The new skyscraper that is coming in place where World Trade Center towers once stood would be called One World Trade Center.
It was previous named Freedom Tower.
Port Authority of New York and New Jersey revealed: “We’ve referred to the primary building planned for the site [...]
Nissan Motor to skip 2010 North American International Auto Show
Japanese automaker Nissan Motor has announced that they would not be there at the 2010 North American International Auto Show.
The company has been avoiding these auto shows to cut costs in their operations due to the ongoing economic crisis.
They had skipped the same auto show earlier [...]
The New York Times might charge again for online access
The New York Times has hinted that they are considering charging for access to some parts of their online website.
The news media giant had abandoned the paid online access around two years ago.
Apparently the revenues from online advertising are not as much as [...]
New York Times to sell Boston Red Sox stake
The New York Times has announced that they have now hired the services of Goldman Sachs to help them find a buyer for its stake in the Boston Red Sox baseball team.
The company is struggling with heavy debts and is looking for revenue avenues.
Advertising [...]
