In this day and age, people are looking for small car. Most of the citizen prefer small car for their own purposes. Therefore, most of the auto makers have begun their operation for small cars. Recently Ford, the third largest automaker in the world, began manufacture of the new Fiesta. It is a small car destined and planed for overall sales and destined to serve as an outline and blueprint for future manufactured product development.

During the second quarter of the current fiscal year Ford, facing huge losses of $8.7 billion, as a result the company is looking to shrink both its manufacturing and development expenses for global operations. On the other hand the use of a worldwide platform helps bring down manufacturer, and development expenses along with purchasing expenditure at the same time as still allowing for the flexibility of varied interior and exterior treatments. The expectation of Ford manufacturing a million cars per year based on the new Fiesta platform to fulfill the increasing small car demand. The Fiesta was first introduced in the year of 1976 and that time it was sold well in Europe for the ensuing three decades in automobile markets and at this time it is being produced at the company’s facility in Cologne in Germany and roughly $718.4 million have gone into retooling the operation in Cologne with an estimated output of 148,000 unit Fiestas in this current year. At the time of full production the plant will turn out 1,900 Fiestas and fusions over three shifts per day. Experts think the new Fiesta will be vital to Ford’s automobile sales in North America when the company struggles with other top competitor companies such as Toyota Yaris, Nissan Versa and Honda Fit.

Given the importance in the high prices of gasoline and increasing environmental concerns, nowadays passenger small cars are projected to be in higher demand in the coming months. And that’s why all of the major auto manufacturers are scrambling to meet the rapid shift in customer preference. Now wait to see in coming months how can Ford make up its losses and make profit by its new one.

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General Motors Corporation (GM) is cracking down on a good number of employees, widows and retirees who it says have inappropriately extended worker discounts to non-relatives and GM has already declared the practices have prices the automaker over $450,000.

Attorneys said GM has filed minimum three lawsuits against corporation affiliates for giving discounts to non-relatives and the lawsuits filed by the corporation say company audits discovered the discounts had saved customers someplace from $1,000 to roughly $9,000 depending on the automobiles sticker value. Though the Detroit News reports it is unclear how many lawsuits have been filed by the company.

On the other hand the newspapers said on Saturday, 30 August that a number of the lawsuits were filed after this month’s notice by the company that it is temporarily extending such discounts to every single person on about all of its 2008 and a quantity of of its 2009 models.

One of the GM officials, Tom Wilkinson says the timing of the lawsuits and the extended discounts was coincidental. He adds that at the same time such uses of worker discounts might have been overlooked in the earlier period, GM now is strictly watching its costs.

GM, based in Detroit, already lost $15.5 billion in the second quarter of current fiscal year so company try to recover its losses and find out the reason of its losses. The company hopes that their current decision may help to protect its losses.

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Day by day the mobile phone users are increasing in Bangladesh. So many mobile phone manufacture companies try to shift their business in Dhaka, the capital of Bangladesh because it is one of the most stimulating cellular markets in Asia region. That’s why, Nokia, one of the leading mobile phone producers in the world, wants to expand  and develop its business, services and sales in ‘Emerging Asia’ with Dhaka based headquarters.

To disclose Nokia’s plan and program recently a press briefing was held at a big hotel in Dhaka and the new general manage for emerging Asia of this company, customer services and marketing operations, Prem Prakash Chand exposed the plan on the behalf of the company. He also said that he will supervise the entire activities in the Asia region from proposed the Dhaka-based headquarters in the press briefing Moreover he said that Nokia will raise consciousness among the local users to stop purchasing fake and illegal cell phones in order to ensure highest value of a Nokia mobile phone. He added that Bangladesh, Nepal, Bhutan Sri Lake along with the Maldives is included in the new future expansion plans for Asia.

For its quality and user friendly mobile phone, Nokia preserve 35% global market share. To increase their share Nokia plans to make its production plants in regions closer to where the large cellular markets are and the part of world wide cell phone expansion program Nokia already has set up production plants in China, India and other different countries.

Bangladesh is a very prospective country for cellular phone. Its mobile market is very bright. Most of the people from all types of classes use cell phone and than any other brand Nokia is most preferable among the people for its economic rate and user-friendly features. So Nokia wants to keep its popularity and market in the region, that’s why they plan to establish Dhaka based headquarters for its Asia region. Moreover it will help to provide more economic cell phone for the people as the production cost is low in Bangladesh than other countries.

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Sony is going to buy Bertelsmann’s 50 percent stake in their Sony BMG music joint venture business enterprise in a $1.2bn or £613.7m deal and the new company is to be known as Sony Music Entertainment Inc (SMEI). Moreover it will treat as totally-owned subsidiary of Sony Corporation of America.

Sony Music Entertainment Inc (SMEI) is second largest music company after Universal in the world and it will include many artists for example Alicia Keys, Justin Timberlake and Bruce Springsteen.

The agreement ends the tie-up between Bertelsmann and Sony signed in 2004 and the music collection will consist of labels for example RCA Records, Arista Records, J Records, Epic Records, and Columbia Records.

Both parties will carry on sharing manufacturing and distribution program between Bertelsmann’s services company, Arvato Digital Services and Sony’s manufacturing subsidiary, Sony DADC.

Bertelsmann already has been selling off several assets because it asks for to modernize and streamline its running business and the company hopes that this progress is consistent with their new growth plan, strategy and it will make able them to focus on their specific growth areas but the deal requires a regulatory approval for authorization and the deal is completed the last part of 2008.

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Soaring  oil prices must have made a tough business environment for all automobile makers. Though  Honda Motor Co. Ltd is beating its own sales target and now it is the number one import brand in Korea. Its sales increased  95 percent in the first seven months of the year 2008 by selling 8,056 vehicles. It is sure that the sales number of vehicles does not look, much amount but the quantity represents a automobile market share of 2o percent among foreign brands vehicle in the country.

To say speak the truth, Honda’s previous seven-month sales amount for 90 percent of its actual sales target for all of the year 2008 and it is a pleasant surprised by the unexpected surge. Now Honda has upwardly set its new sales target for 2008 to 12,000 units from the earlier 9,000 automobiles. But the gas-sipping Civic or the hybrid do not drive Honda’s sales growth. Among the various models, the top selling model name is the Accord. It is powered by 3.5-liter V6 engine and it is accounted for around 40 percent of all its productions in Korea the year 2008.

Honda is also making a change in Korea’s imported autombile market and most of the action used to occur at the top part. Last year, Luxury German brands as well as the Lexus were the most popular import vehicles in Korea. But now, number 2 BMW’s share is just below 14 percent and it is more than 6 percent smaller than Honda’s. Mercedes Benz is in third position with 11.5 percent and Lexus fourth placed with 9.7 percent. Total sales of imported automobile jumped 33.7 percent in the previous seven months to 39,911 vehicles and the figure represents just over 6% of total automobile demands in Korea. Just  two years ago, imported automobiles provide only 3% of vehicles sales in Korea but nowadays the demand of imported vehicles have been increased.

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