Chrysler LLC ended 2007 with more cash on hand than its new private owner Cerberus Capital Management projected, but the automaker is looking to sell real estate and other assets to boost liquidity, Chief Executive Officer Bob Nardelli said on Sunday.
Germany's BMW, the world's biggest premium carmaker, said it saw no sign of a slowdown in the United States and aimed to sell at least as many cars in 2008 here as in 2007.
Tata Motors Ltd, India's largest truckmaker, unveiled the country's cheapest car yesterday, pricing it at 100,000 rupees ($2,500), as it aims to convince the nation's motorbike riders to trade up to four wheels.
India signaled to the world a very tentative arrival as the next hub for global disinflation as Ratan Tata yesterday unveiled his $2,500 car, the cheapest ever.
News Corp has not seen signs of a business slowdown due to US economic weakness and the company is in good shape to withstand the Hollywood writers strike, its chief operating officer said on Wednesday.
Bear Stearns Cos Inc's management shake-up could make the investment bank a takeover target, but the possibility of more writedowns and chance of legal entanglements from the subprime mortgage crisis could sideline suitors for now, analysts said.
When furniture retailer IKEA promoted its latest US sale by asking customers on its website if they are "ready to take advantage of us", one customer took them up on the offer in a novel way.
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Raymond Zhou
Op Rana
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Huang Xiangyang
Chen Weihua
