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 [...]
Toyota India has sold 4 lakh cars in India
Toyota India has announced that they have now sold more than 4 lakh cars in the Indian market.
The company has been in India for around 11 years now and they are all set to expand their product portfolio.
Toyota has yet not entered the compact [...]
Toyota Motor Corporation leaving Formula-1
Japanese automaker Toyota Motor Corporation has announced that they are not going to participate in the next season of Formula-1.
The company has been struggling in the recent times as they have posted losses for the first time in its history.
Toyota has apparently decided that it is not worth spending [...]
Toyota not in hurry to become a major player in India
Toyota Motor Corporation has been selling cars in India since a long time now.
However, the company has failed to become a major player in the market mostly because of their range of vehicles sold here.
Toyota is not yet present in the compact [...]
Toyota Prado Diesel could arrive next year in India
Market sources say that Toyota is now considering launching a diesel variant of their Prado SUV in the Indian market.
The company stated that they have had little success with the petrol edition of Prado which is hardly selling here.
Toyota said: “The petrol variant could [...]
Chevrolet Cruze advertisements arrive on Indian television
Chevrolet Cruze launch is near and the company has already started advertising the car on Indian television.
We could see the ads for this new model during several programs today.
The company is expected to launch this new premium segment sedan on October 12.
Chevrolet Cruze would arrive [...]
Toyota FT-86 is powered by a Subaru engine
Toyota would be showcasing a new model named Toyota FT-86 at the upcoming Tokyo Motor Show.
This is a sports car model featuring an engine developed by Subaru. This engine has pistons which are placed horizontally instead of vertically.
The company said that this car is aimed at [...]
Hyundai skipping Tokyo Motor Show 2009
South Korean automaker Hyundai has announced that they have decided to skip the Tokyo Motor Show 2009.
The company did not give any official reason for this decision but it looks like one of their cost cutting measures.
Hyundai had in fact paid the $122,000 non-refundable fee for a [...]
Honda CR-V Diesel coming to India?
Market sources claim that Honda is considering bringing a diesel edition of their sports utility vehicle CR-V to the Indian market.
This new variant could be powered with a 2.2 liter I-CTDi engine.
Honda has officially denied any such plans.
But the company would do good to launch [...]
Toyota Fortuner is a mega success in India
Toyota recently launched their sports utility vehicle model Fortuner in the Indian market.
This model is a mega hit in India as the company received more than 7,000 bookings in the 30 day period since launch.
Toyota Fortuner competes in a market which has very competitive rivals [...]
