Nokia expecting replacement sales of mobile phones to improve
World’s largest mobile phone maker Nokia has said in a statement that they expect replacement sales of cell phones to continue gaining share of the total market in 2007.
The company mentioned this in a filing with U.S. officials on Monday.
Nokia said that they expect mobile users around [...]
LG Electronics to expand presence in Europe
South Korean tech giant LG Electronics has said that they aim to have a broader presence in the European markets. The company said that they have now set themselves an ambitious target of increasing cell phone shipments in Europe by 60 percent this year.
The company had shipped 8.7 million [...]
Toyota closing in on General Motors
Toyota is closer than ever before to take over from General Motors to become the world’s largest automaker. The company manufactured 9.018 million vehicles last year.
In comparison, GM produced 9.18 million vehicles worldwide in 2006. This means that the difference between the two companies was just around 162,000 vehicles.
This [...]
Skoda Auto produced a record 556,443 cars in its Czech plants in 2006
Czech car maker Skoda Auto has reported that they produced a record 556,443 cars in its Czech plants in 2006. This performance is a growth of 12.5 percent from 2005.
The company has aimed to manufacture 580,000 units this year. In addition Skoda also [...]
General Motors aiming to double sales in India
US based automaker General Motors have said that they are aiming to double sales in the Indian market 72,000 units in calendar year 2007.
The company has just launched an exciting product in the form of Chevy UVA and is also in the process of launching the Matiz [...]
General Motors aim to sell more cars this year
General Motors have said that they are aiming to sell more cars this year despite the fact that analysts expect this year to see flat growth at best for the U.S. auto industry.
GM is also in such a bad position in the market that they could potentially [...]
BMW saw impressive sales in 2006
German luxury automobile maker BMW has said that they had a good 2006 year. The company had a fantastic December month where sales improved by around 10% compared to the previous year.
BMW Chief Executive Norbert Reithofer said in a statement on this impressive performance: “We want to continue the BMW [...]
Toyota aiming to generate more capacity in North America
Toyota overtook Chrysler to become the third largest automaker in the US market. They are already the second largest automaker in the world. Now, they aim to improve upon their position in the competitive US market.
The company has said in a statement that they are aiming to [...]
Hyundai expecting their global revenue growth to more than double in 2007
South Korean automaker Hyundai has said in a statement that they expected global revenue growth to more than double in 2007.
The company is gaining from higher sales abroad and increase in sales of high-end models.
Hyundai however also reported a small fall in December 2006 [...]
Ford Motor set to lose the second stop to Toyota in USA
Edmunds.com has forecasted that 2007 would be the year when Toyota overtakes Ford Motor to become the second largest car market in the United States.
General Motors is expected to remain at the top spot next year. Edmunds.com said in a statement that Toyota will [...]
