General Motors India have successfully launched the new Spark at a base price of Rs 3.16 lakhs, and a topend price of Rs 4.10 lakhs for the LPG variant. Now, the American car maker is all set to launch their next car, Chevrolet Sail U-VA, in India. Chevy Sail is a sub 4 meter hatchback and is expected to be launched in November.
This is the first model to be launched in India from the General Motors SAIC joint venture. Sail U-VA will sit on a 2465mm wheelbase, promises a generous amount of internal space while external styling is also up to expectations. The vehicle will be fitted [...]
The big split is finally, final. Sony and Ericsson have finally spilt up, to name the new company Sony Mobile Communications. Sony has finally taken over Telefonaktiebolaget LM Ericsson’s 50-percent stake in the pair’s former joint venture, reported to have cost €1.05 billion ($1.37 billion). The reports of this split started to appear in the last months of 2011.
PRESS RELESE :The previously announced divestment of Ericsson’s share of Sony Ericsson to Sony, including the broad IP cross-licensing agreement, completed on February 15, 2012 Ericsson’s gain on the transaction will be approximately SEK 7.5 billion and reported as [...]
Sony has sold its stake in the SLCD division of Samsung, the initial tie up was a 50%-50% partnership between the two companies. The venture was started seven years ago and now the companies have decided to part ways. The 50% stake that Sony owned was bought back by samsung for a sum of US $ 939 million, and Sony believes that it will continue engineering efforts for LCD developments in the future alongside Samsung.
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The court of MiddleSex has announced a Divorce b/w Sony and Ericsson and the latter has till the mid of 2012 to clear out their stuff and vamoose. Sony Ericsson will be renamed Sony in mid 2012 as apart of a merger break up decided earlier this year. Sony Vice President Kristian Tear said that the company will have a “‘fierce” advertising campaign to push the brand back into the eyes of the consumer.
[Times of India]
Rumors are all out, and put to an end. Sony has confirmed that it will buy out its stake from the JV of Sony Ericsson for a whopping €1.05 billion in exchange for its 50 percent. This will give Sony full ownership of the company soon to be rebranded worldwide. This will also enable the company to have a more systematic alignment with the arsenal of tablets and PCs it plans in the future.
The buyout will also give IP cross-licensing agreement and ownership of “five essential patent families” to ensure they stay in the mobile phone business. The separation will be finalized in Jan 2012.
Sony has decided to take some action about its current global standing in the top cellphone vendors list. Currently at 6th place , Sony has decided to finalize the deal between Sony and Ericsson that will give total control of the mobility division to sony and hence all future devices will be known as “Sony Mobiles” and not “Sony Ericsson”. Ericsson currently roughly $1.3 to $1.7 billion worth of mobile technology patents are the main reason for the partnership buyout.
[Wall Street Journal]