Panasonic launches bid to acquire Sanyo
Japanese consumer electronics giant Panasonic has finally launched their bid to acquire a majority stake in rival company Sanyo.
The company is offering £2.7 billion for this stake.
Panasonic is said to be primarily interested in the Sanyo’s green business related to solar panels and rechargeable batteries.
Sanyo has clients like [...]
PSA Peugeot Citroen to decide Indian plans by the end of the year
PSA Peugeot Citroen till recently had confirmed plans to enter the Indian market.
However, the weak global economy has forced them to revaluate their strategies.
The company said that they would decide by the end of the year on their plans for India.
India [...]
PSA Peugeot-Citroen could decide upon Indian plans by the end of the year
French automaker PSA Peugeot-Citroen is long expected to make an entry into the Indian automotive market.
Market sources say that they might take a decision before the end of the year.
Industry sources say: “Indications are that Peugeot will go ahead with the India [...]
Peugeot might come back to India
Market sources say that Peugeot is seriously pursuing re-entering the Indian market.
Peugeot had an unsuccessful run in the Indian market when they launched their products in 1990s.
Reports claim that the company is now looking for a location to set up its manufacturing facility plant in the southern part of [...]
PSA Peugeot Citroen entering India again?
Peugeot has made an attempt to enter the Indian market in the past. That entry was a major failure for the company as they failed to sell many cars.
The company is said to be working on plans to reenter the Indian market as it becomes more and more lucrative [...]
Peugeot could launch a small car in India by 2011
Peugeot is yet another company which plans to launch a small car in the Indian market.
They could launch a product suitable for the Indian market by 2011.
Peugeot is working on a new model for emerging markets like India and China.
This car is likely to be a [...]
Renault Megane updated edition to be showcased at Paris Auto Show
Renault would be showcasing their Renault Megane compact hatchback at the upcoming Paris Auto Show.
They need this model to be successful as they are struggling with their other models in the market like Laguna.
The company is also cutting down its workforce to cut costs and [...]
Reports: Mitsubishi collaborating with Peugeot
Nikkei business daily has reported that Mitsubishi Motors is planning to collaborate with France’s PSA Peugeot Citroen.
The two companies are working on a deal to manufacture electric cars.
They would be sharing related technologies.
The report further stated that the two companies may also look at forming a joint venture to build electric [...]
