The move is expected to impact jobs across the group's applied technology, automotive and racing businesses, the company said in a statement.
On Overdrive watch a stunning supercar from Nissan, the GT-R. Also on the show Shubhabrata Marmar rides two track focused motorcycles - MV Augusta F3 and Ducati 959 Panigale.
On Overdrive this week watch the comeback of internal combustion engine in Audi R8, the second iteration of Audi‘s first ever supercar.
The company, which has an aggressive strategy for Indian smartphone space, also launched three smartphones - Le 2, Le 2 Pro and Le Max 2, and two premium televisions Le Super 4X50 and Pro/X50.
BMW showcased the supercar concept, the hybrid i8 at the Frankfurt Motor Show. It is out on the roads, not just around the world but also here in India. Rohit Paradkar of Overdrive gets behind the wheels to tell you if this is the future of supercars.
McLaren claims that ride comfort and refinement in the 650S Coupe are up to saloon standards
Ferrari has been trying to upgrade its product portfolio starting with the California, the 458 Italia followed up with its first four-wheel drive GT car, the FF. The latest addition to the Ferrari stable is the V12 supercar, F12berlinetta. CNBC-TV18‘s show for auto enthusiasts Overdrive tested this new offering from Ferrari in Marinello.
The fifth generation of the car that was launched in 2004 and refreshed in 2009
Italian supercar maker Lamborghini is considering adding an "everyday" model to its line-up, its chief executive Stephan Winkelmann said at the Reuters Global Luxury and Fashion Summit.