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Toyota to name Indian vehicle Qualis
Mumbai: Toyota has decided to name its multi-purpose vehicle for India
'Qualis'. The vehicle will be on display at the auto show in New Delhi in January 2000.
The vehicle, to be produced by Toyota Kirloskar Motor, the Japanese company's joint
venture in India, is a two-wheel drive, 2.4-litre engine multi-purpose vehicle with
independent front suspension. It will have an output of 74 bhp and come only with a petrol
option. There will be three variants of the vehicle.
Company
sources said the vehicle will be priced competitively around Rs 4.5 lakh, with a deluxe
version at Rs 5.32 lakh. Qualis is an eight-seater vehicle meant for India. Prototypes of
the vehicle are now under testing, and the company intends to display some models at its
dealers showrooms by mid-December.
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AT&T to appeal in net
access case
Seattle: AT&T is appealing against a federal ruling that could force
it to open its Portland, Oregon, area network to rival Internet service providers, which
the company feels will defeat the purpose of its $100-billion effort to change itself as a
cable company. Among the investments it is making is the pending $58-billion acquisition
of MediaOne Group.
Portland and the surrounding Multnomah County changed
their laws in December 1998, requiring AT&T to open its high-speed lines to any
Internet service provider on a non-discriminatory basis as a condition for getting rights
to the cable television franchise in the region. AT&T markets high-speed cable access
exclusively through its partly-owned partner ExciteAtHome Corporation. It has refused the
condition, and Portland has refused to ratify AT&Ts $48 billion acquisition of
TeleCommunications, the nations No 2 cable company.
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Levi's to move away from the
web
San Francisco: Levi Strauss has decided to give up its thrust on
e-commerce and instead focus on selling its products through traditional
'brick-and-mortar' stores.
The privately-held 146-year-old company, famous for its
blue jeans, feels the decision is key to its working more closely with its retail
customers to ensure that it is meeting their needs. The decision has, however, caused
resentment among the companys retailers who market the products. Levi will move its
sales from its own websites to retail set-ups run by Macys, a part of Federated
Department Stores, and JC Penney.
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Sprint shareholders to
block merger with MCI
Washington: Sprint Corporations shareholders have filed seven
purported class action law suits against the company to block its proposed merger with MCI
WorldCom. The Securities and Exchange Commission said the shareholders claimed that Sprint
directors have breached their fiduciary duties and certain other duties to the
companys shareholders by entering into an agreement with MCI WorldCom.
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