Ford, GM suspends manufacturing in Russia
The problems for US based auto giants Ford and GM seems to be never ending.
The two companies have now suspended production of their cars in the Russian market due to lack of demand and slow sales.
GM spoke about this decision: “GM has decided to suspend production from July 1 to [...]
Boeing 787 order canceled by S7
Russia’s S7 has become the first airline company to cancel their order for the Boeing 787 Dreamliner plane.
The company is going through a financial crisis and they are probably not be able to afford the plane.
They had placed an order for 15 planes. These were to be delivered [...]
Ireland people the heaviest mobile users
British regulator Ofcom has released a report which claims that the mobile users in Ireland are the heaviest users of mobile services.
The report is titled The International Communications Market report.
It further said that the mobile phones are becoming more and more crucial to people especially in emerging markets.
Brazil, Russia, India [...]
Dell aims to generate majority sales outside US market
US based personal computer maker Dell has said that they now aim to expand their presence outside their domestic market.
The company hopes to generate majority of their sales from non-US markets in the coming years.
The US economy is going through bad times and this means that the [...]
Minda Industries to supply auto parts to Volkswagen
Volkswagen has announced their first major sourcing agreement in India with Delhi-based Minda Industries.
Minda has signed on a $15 million agreement with the German automotive giant to supply headlights and rear combination lamps.
These would be used in models planned for launch sometime next year in the Indian market. [...]
Virgin Group enters the Russian market
Virgin Group has now announced their entry into the Russian market.
Virgin Group’s founder Richard Branson spoke about this new venture: “I am delighted to announce Virgin’s first business in Russia… Virgin Connect will demystify the complex tariff jungle and bureaucracy seen in the market over the last years.”
With Virgin [...]
Toyota 800L: Small car for India?
Toyota seems to have finally decided that they want a slice of the Indian small car market pie.
The company is developing a new compact car model codenamed 800L.
This car is being developed in Japan and is likely to be sold in BRIC economies —- Brazil, Russia, India and China.
Toyota is [...]
Sakhalin-1 Project Breaks Its 2007 World Drilling Record
Exxon Mobil Corporation’s (NYSE:XOM) technology leadership has resulted in another world record-setting well at the Sakhalin-1 oil project in eastern Russia, enabling the production of more energy while reducing the impact on the environment.
The well was drilled from land, using the world’s most powerful land-based rig [...]
ROLF to enter Indian market next year
ROLF is the Russia’s largest foreign car dealer and they are now planning to enter the Indian market sometime next year.
The company would enter the premium class car market and the decision was confirmed by the ROLF CEO Matt Donnelly.
He said in a statement that Indian consumers liked ‘cool’ [...]
LiveJournal now has a Russian owner
Six Apart has announced their decision to sell the LiveJournal blogging network to an online media company in Russia SUP.
SUP added that they have now formed an American company named LiveJournal, Inc. to accomplish this deal.
The two companies however did not reveal the financial aspects of this sale.
SUP has been [...]
