Key information from the National Federation of daily news
by automobile this week outlined:
1,5 month to maintain a strong market trend
5 January to February in passenger car manufacturers remained stable, and by the Federation from manufacturers on track to see the terminal market, manufacturers of the first week of May compared with April first week of sales growth of around 7%, further supporting the trend of manufacturers shipping is stable and smooth, with no pause phenomenon. This April narrow passenger car market hit a new high of 66 million sales later, still part of the factory to the dealer and smooth, the basic manufacturer's distribution system is not in cash or stock to digest the phenomenon of stagnation.
2, indicate strong sales May Day holiday spending habits change
week before the Labor Day Golden Week is the climax of the sales of the calendar year, May Day is a time traveling car. And every year the May 09 holiday a hot time for small, multi-information have proved to May's Strong Sales. Shanghai Auto Show after the market price stability, consumer confidence is relatively stable .4-6 three months of the formation of a small holiday for consumption on the car more and more sense. long enough time to travel, the family traveling by car or city tour to promote both material consumption and other tours to promote the further spread into the family car.
3, stir up to 9 into the loss of car companies and other news of little significance
hot automobile market of micro-off from January and so will be able to embodiment of the private car consumption boom is difficult to stop. sales growth picked up to enhance enterprise efficiency necessarily results. today announced the April producer price index in January fell by 6.6% year on year, of which 10.3% decline in raw materials. plus we all know that the RMB strong currency, the efficiency of enterprises the main passenger pick-up is inevitable .1 quarter decline in the automotive industry benefits are temporary, the car is the national policy of stimulating domestic demand, the rescue of the best expression. hype and other factors did not decrease business efficiency positive, there is no market for long-term basis. passenger car market in April narrow manufacturers sales grew 30%, an increase of 70% of micro-off when the hype enterprise efficiency decreased 9 percent, which is the foreign media hype China Automotive market, increasing output without increasing the red eye of the renewal, there is not much sense.
4, auto market after the earthquake in Sichuan better
08 �� 5 Sichuan earthquake last month in 1 year, which can not forget the day. In lot of good national and local policy, the past year, very fast development of automobile industry in Sichuan, the layout of the major car companies are in Sichuan. Sichuan post-earthquake reconstruction in Sichuan automobile market as fast recovery, Sichuan auto market in nearly 50% of the recent high growth, its growth rate far exceeding the eastern region. own brand in 2008 in the Sichuan earthquake relief fund-raising outstanding, to pay their contributions and sacrifices of the many lucrative joint ventures feel ashamed. Although it is not asking for anything, but in 2009 its own brand Sichuan has also made encouraging harvest sales, Chery, Geely, Brilliance, BYD, Tianjin FAW's own brands such as image and status of the Sichuan market has improved significantly.
5,4 achieve harmony on a narrow passenger month high growth
4 narrow, high-growth state of passenger car market harmony: factory sales were up 8.5% in March, an increase of 30%, domestic retail sales up 40% distributors, dealers stock rebounded slightly, manufacturers and sales smooth. These are April's market stable basis for high growth, distribution channels, not part of the accumulation of risk factors, strong sales in May while further digestion of the dealers stock just a little increase in overall passenger narrow channel running more smoothly , which in the context of high growth is extremely rare.
6, cancellation of the government loan fees why not remove the secondary road maintenance fee surcharge
08 ��� the Government to implement the fuel consumption tax reform, abolition of the government 27 billion yuan dig Toll road mileage and secondary loan fees reduced by about 60% of the total site, the greater the intensity, is said to have been resolved almost the middle east.
the highest density of vehicles, road maintenance fees cities most unreasonable surcharges remain not included in the cancellation of the scope of this baffling.
Tianjin, road maintenance, and many other major cities charge an additional fee, known as a repayment of government loan two flat-rate toll road, the focus is also broadcast interviews was reported to have been exempt from local considerations, to wait for central approval. but so far no news.
We look forward to either the abolition of Tianjin, the maintenance fee surcharge, or quickly build up the toll station, waiting for the final 40% of the two miles of toll roads and toll station canceled. hangs in the air more dangerous.
7, high-growth auto market test of the government's determination to encourage consumption
world crisis, the Chinese government a wise decision - to stimulate domestic demand, encourage private car consumption, the revitalization of the automobile industry. the state has adopted a series of policies to achieve good results, but there are many reported to the State waiting for the introduction of policies to encourage consumption. The current high growth in the automotive market, especially in the high popularity of private cars growth will test the government's policy to encourage consumption determination. the economic downturn, the market is not good to encourage the automobile market, the market growth is inhibited on considering a series of policies that need to be the test of time.
objective that the passenger is countries to stimulate domestic demand reflects the best of the industry effect. If the country continues to improve the consumption environment, reduction of the maintenance fee surcharge unreasonable policy on low-emission cars to give encouragement to drive China's passenger car industry will play better the pulling effect of the leading industries.
one, new products, price scanning
1. 6.18/6.58 million vision of two 1.5L listed Geely Automobile Geely
1.5L displacement launched the vision of two models , the current has reached new car dealers began to sell, market prices for the Platinum version 61800 1.5L, 1.5L GLS 65800. compared to carrying on King Kong, Golden Eagle and other models on the 1.5L engine, the use of 1.5L CVVT on the long-term maximum power increased to 78kW/106 engine horsepower (hp 69kW/94 older 1.5L engine), the maximum torque 135N.m. the listing of new cars is the 5-speed manual transmission. Appearance , the 1.5 model with the original 1.8 models use the same vision .1.5 L 93 gasoline, the use of four-wheel disc brakes. In addition, the new car with McPherson independent suspension front / rear torsion beam longitudinal arm + ..
composite suspension structure analysis:. Geely vision of the market price of 1.5-liter high, the difference with the larger 1.5-liter BYD, but its a little advanced engine technology, so go the future is a good chance The.
2. sale 8.48-11.58 million 3 09 Chery Tiggo listed
Chery Day (today) in Guangzhou. At the event, Chery Chery Tiggo announced 09 new car prices 3 8.48 ~ 115,800 yuan, a total displacement of 8 models 3. It is reported that 09 Tiggo 3, mainly in appearance, configuration and other aspects of certain improvements. and adjust the engine may also be slightly different. new car design in Europe through Italy with Chery Motor Company assembly DR DR5 sales of similar ..
:. Shui little change in the tiger, the main significance of the Ruihu Cheng as the SUV of the big brands, the existing Tiggo downgraded Tiggo 3, which is consistent with the idea of Harvard. own brand of SUV system-building to improve faster.
3 . 5.28-5.58 million officially listed JAC
with RS Yue Huai announced that its first hatchback sedan mm RS officially listed with the Hyatt, the first listing of a 1.3L displacement 2 models, manufacturers guide price Comfort 5.28 million, luxury 55,800 yuan, JAC 4S stores nationwide passenger cars have been fully delivered. with Yue RS (hatchback) body length of 3965mm, with Wyatt (sedan) body length of 4155mm, the length difference of 190mm, width and height is completely the same wheelbase also is 2410mm. The model is currently listed only a displacement of 1.3L.
Analysis:. with the price of the hatchback and sedan Yue consistent good performance of the sedan, the hatchback has also been a certain market infrastructure.
4. configuration price adjustment Corolla / Corolla models listed
COROLLA Corolla upgrade a comprehensive series of additional distribution, COROLLA EX Corolla series is add a new name ; models. In addition to configuration upgrade, two models in terms of price have also been adjusted. to the new Special Edition GL-i skylights, for example, both inherited GL-i skylight models, added with audio controls leather steering wheel and leather key to shift to, added with a driver information display of self-luminous type instrument panel and so on. The price is only: 149,800 yuan (automatic) and 139,800 yuan (manual transmission). And Corolla Special Edition EX model adds 1.6LG, an increase of aluminum alloy wheels, a total of two models priced at 114,800 yuan for the manual models, automatic models 126,800 yuan. but the two models Corolla EX 1.6LG In the guide price is also reduced to some extent ..
Analysis:. Corolla low force adjustments, and adjust the significance of the larger Corolla models, the incremental potential.
5. 7.39 ~ 10.79 ��Yuan Chevrolet announced the new price
Chevrolet Lova new music style in May 7 (today) officially announced prices, a total of three displacement launched a total of 9 models, priced at 107,900 yuan ~ 7.39 . Among them, the price of a new music style with the older style of music consistent, but abolishing the model set dynamic version of the 1.4 MT and 1.6 SX AT dynamic version. new music style to keep the vehicle in the proportion of musical styles on the basis of coordination, body by a 4310mm extended to 4345mm. front grille with two-dimensional cross, on the pick of the headlights, fog lights for the chrome. tail of the disk into a is the backbone of Chevrolet brand vehicles, while total sales volume of Shanghai GM has become an indispensable heavyweight models, but need to see that, the Chevrolet Aveo and the way of musical styles to keep sales prices received by large The. priced at 7.5 million -10.2 million price range models offer a style of music as much as the entire department 15000, joint models, only a small number of models of modern accent to the Principal to compete on price. Although, low prices and synchronization joint venture model is the Chevrolet Lova face as its own brand and other advantages of joint venture brands, but consumers in the engine performance for the musical styles and fuel consumption of the complaints have not changed in this paragraph be improved, so this change Tom is not the practice of dressing, whether the sales of new musical styles to bring a breakthrough remains to be seen.
Second, the macroeconomic environment and policy information
1. Miao Wei, vice minister of Industry and Information: No auto exports encouraged measures.
trade protection because of the financial crisis and the impact of the first quarter of this year, China exported 61,000 vehicles, down 62.06 percent, exports of the top five exporters are likely to drop sharply. Miao Wei said that the current implementation of the Ministry of Industry adjustment of the revitalization plan is still to expand domestic demand, while automobile exports currently no incentives, Ministry of Commerce has issued to encourage the framework of the 8 auto export policy, but details have not yet introduced. of which include the establishment of China's independent brand in the overseas automobile sales platform and a unified production base. clearly defined way to project contracting and foreign investment in export cars the way policy; on car export enterprises to provide preferential loans and export credits; further improve the car export management; increase financial support; support the construction of public service platform; ocean-going capacity to solve the problem; to provide automobile export market information service focused ..
Analysis:. exporting the crisis response to the external crisis, the export target country market demand changes can not effectively change. and export of Chinese car exports to other countries with different objectives, such as greater exchange rate shocks, combined with trade protectionism, the conventional export promotion of the automotive exports crisis has changed little.
2. NDRC first official disclosure of management of oil prices.
U.S. dollar, the domestic refined oil prices calculated by the normal processing margins; above 80 U.S. dollars a barrel, the profit margins began to reduced processing until the zero profit calculated according to prices of refined oil processing; higher than 130 dollars a barrel, the gasoline and diesel in principle not to mention the price or less put, this means that international oil prices, the state will appropriate subsidies to oil consumers.
under the national average processing costs, taxes, distribution costs reasonable and appropriate profits. when the international market of crude oil for 22 days moving average price changes more than 4%, can adjust the domestic gasoline and diesel prices ..
analysis: .09 relative stability in international oil prices, international forecast is in more than 70 U.S. dollars in a reasonable position. but with the economic recovery, a weaker dollar, international oil prices in the future greater risk.
3. central annually from fuel tax subsidies for local funds allocated 26.0 billion.
played from 2009 before the end of 2012, eastern and central regions and gradually and orderly to abolish the secondary roads repayment charges, so the national government loan two miles of toll roads and toll sites reduced by about 60% of the total. Ministry of Transport is working with the Development and Reform Commission for further study and perfect the relevant policies of the toll road, pay close attention to amend the in 2 by the end of the first to abolish the secondary roads repayment charges. then reported to the State Council, Heilongjiang, Jilin, Liaoning, Hebei, Henan, Hubei, Hunan and other 7 provinces, as the second cancellation of the government secondary roads repayment charges provinces in April to stop the government secondary roads repayment charges. eastern and central regions except provinces of Guangdong, Shanxi, Zhejiang, three provinces, other regions have all been one-off cancellation of the government secondary roads repayment charges.
Analysis :. Tianjin and other government loan toll is still not changed, it is best to hurry back to set point charges, then cancel, it would be difficult to resolve.
4. �� technology road light truck diverse country.
, enterprise reporting products do not have to submit the notice provisions of the technical information, May 1, 2009 implementation date. most of the light truck business in the country �� technical route of choice, to adopt a practice that uses high-pressure common rail, electronic unit pump and electronic control pump nozzle three typical technical route, but also VE pump with electronic control, electronically controlled unit pump combination, inline pump motor drive power control atypical technical routes.
Analysis:. This policy of equal treatment of enterprises is a good thing, reducing the pressure to upgrade. But there are also many lines, the effect large differences and other issues, the development of independent manufacturers to produce high-end technology diversification ideas. away from the N1 on July 1 this year, the country �� day class is only 2 months time, this time better.
Third, new car information
1. the second half of the Audi 2.7L A6L be made diesel vehicles.
new energy now in the limelight of the moment, the introduction of diesel engines on the surface somewhat with the times, but the real effect of point of view, no changes can be easily achieved Diesel Hybrid fuel consumption performance, only worry is that China's oil problems, the face of overwhelming hybrid wind, FAW - Volkswagen finally unable to bear the upcoming diesel cars are more high-end, and in order to counter the hybrid. from view the latest catalog number, FAW - Volkswagen's Audi models for diesel engines with a 2.7TDI, from the information currently available to see, which can be determined is the A6L,.
Analysis:. diesel engine compared to gasoline engines in terms of more affordable, but also more environmentally friendly, particularly in Europe and other cities, was very wide use of diesel engines, diesel engines in the country has not become developed is not because of poor fuel quality, easy to damage to the engine, but the lack of diesel. now, the short term, diesel engines is difficult to develop in China, in addition to restrictions by the oil, but also by policy constraints, consumption tax policy for large displacement engines pay higher taxes, so you can see Audi A6L this high-end diesel vehicles in the Chinese market outlook is not optimistic ..
2. 6 Yue listed domestic version of the directory from Yafu Reddy landing vehicle.
the just-concluded official KIA Shanghai Auto Show shows the new version of the Fu Ruidi new car have been reports that in June the current market, and its Chinese name is formally identified as Furui Di, and now the time to catalog the new number appears strong support for the reliability of this information. new car will be Both 1.6L and 2.0L engines match the production base in Jiangsu Yancheng are arranged, the former Hyundai Group will adopt the latest GAMMA 1.6-liter engine, maximum power 91kW/6200rpm, maximum torque 153N.m/4200rpm, compared to the old have a lot of improvement. There is no certainty in this dynamic parameters of the 1.6L engine is the directory, but the domestic version of Furui Di 1.6L engine number is used G4FC, not the previous Hyundai's flagship product mm4GED type ..
Analysis:. Furui Di listing competes with Shanghai GM's Excelle, Cruze, Tiida, Yuet and Long Yi, is facing a very tough market environment, the current level in the market, better sales 1.6L models models are generally expected to Furui Di formal listing, 1.6L will be the main emissions, Furui Di chose instead 2.0L 1.8L 2.0L model mainly because the engine is 1.8L CVVT is used while the engine is older engine, performance is not dominant, and the impact of purchase tax by the relatively large, while the 2.0L engine with more dominant in the performance of the case by the relatively small impact of the acquisition tax, but also to work with 1.6L distance ..
3. Chery's first mini-SUV market by the end Ruiqi X1.
Chery series of five baby was officially classified as Ruiqi M1 is also the official auto show, priced from 42,800 yuan. And a series of five miniature baby SUV has now been named Ruiqi X1, is expected to be listed at the end of the year.
positioned Ruiqi X1 Chery's first mini-SUV products, LWH are 3866mm, 1622mm, 1638mm, wheelbase also reached 2330mm. with McPherson independent suspension before and after semi-independent torsion beam suspension, and is equipped with four-wheel disc dual-circuit brake system. Power, Ruiqi X1 with Chery SQR473F 1.3L engine (1.5L model for possible future release), the maximum power up to 61kW, the maximum torque of 114Nm, with five-speed manual gearbox, the vehicle provide better economy. Ruiqi X1's curb weight, but reached a 1100kg, the total mass to 1549kg, for a compact car, the due to their own weight problems, will sacrifice a lot of torque ..
power analysis:. mini SUV market prospects is difficult to judge, then Terry's mini-SUV performance is not ideal, but Suzuki also import a small SUV sales in general. Thai people now a small SUV, the price of 5 million, so Chery must achieve such prices, which have a market in the Midwest.
IV News
1. Beijing Hyundai will have introduced a variety of i series models.
Beijing is a modern product line from small cars to mid-size car has, but they all belong sedan market segment, while the hatchback market is blank, so consider a huge success in Europe i30 hatchback introduced to China market. Reporter also noted that the positioning of domestic modern i30 and Elantra - Sports & the same, the internal code-named L engine, the car will be officially listed in October this year. i30 hatchback model is the main competition locked Dongfeng Nissan Tiida, Ford Focus, etc., the size of its annual output to 40,000 currently planned. Hyundai i series i10, i20, i30, and other models ..
Analysis:. Domestic opponents of modern i30 hatchback and other models should be Li Wei, Tiida and Fox slightly higher prices, and Li Wei though seems to be A0 level, but the price so close to modern i30 hatchback.
2. FAW-Volkswagen sold a number of high-level framework to re-build for the
cursory FAW-Volkswagen has announced some personnel changes within the news, North East and Eastern The director will be returned to headquarters as Deputy General Manager Sales, some executives return to the general public in China. In the adjustment, the FAW-Volkswagen's sales management structure also re-build. According to FAW-Volkswagen Sales Company disclosed the news, FAW-Volkswagen Sales Northeast Song Jing, director of the country as a sales company headquarters will be transferred back to Vice President in charge of marketing plans; Eastern Tengyu Guo, director of marketing will also be transferred back to headquarters, the same as vice president; the middle and high added from the regional headquarters, sent the German side part of the vice president level executives will return to the general public in China ..
Analysis:. FAW-Volkswagen, after this round of personnel changes, the overall sales management structure will change significantly, even in national sales management will also have major changes, which in part reflects the general manager last June took the idea of Hu Yong ..
3. FAW-Volkswagen started work in Chengdu car construction project
5 8, FAW and Volkswagen in China Start the Chengdu joint car-building projects. Sichuan leadership, FAW President Xu a, Volkswagen Group (China) President and CEO Dr. Fan Ande so laid the foundation stone for the project started. This amounted to 550 million euros investment in car construction project in Chengdu, Sichuan disaster reconstruction of the largest single investment projects and technical content of the highest ..
Analysis:. factory covers an area of 800,000 square meters, due to the formation of the coverage of all models Jetta, so a single model is expected to lower costs, combined with post-earthquake preferential policies forceful, low-cost advantages of this project will be more obvious.
4. DeFazio car signed a strategic cooperation agreement with Gome.
private mini-car and domestic retail enterprises DeFazio car signed Gome Electrical Appliances Industry strategic cooperation agreement to jointly formed an alliance to launch two-car household appliances to the countryside activities. The United States is the background and Gio cooperation, and actively respond to national call, with the national implementation of policies. the specific content of the main is that both sides share the terminal network resources, namely the United States and more than 240 cities across the country will have nearly a thousand auto Direct stores open to the Gio, Gio car sales network is also open to Gome, The two sides complement each other, powerful combination.
Analysis:. Gome chain development is faster, but the network is not strong in rural areas, the state is controlled to promote the chain channel model, the United States the advantages of the city.
5. Chery beginning of the current drawbacks of multi-brand strategy: product distribution network building slowly
chaos in March of this year, Chery began sub-brand sales strategy, Chery cars into cars, opening Swiss Kirin, and the three sales channels. Although the current implementation of the new strategy from less than two months time, but the resulting product by the uneven and slow channel construction defects have already occurred. Distribution of Products chaotic .09 Eastar paragraph listing in Beijing, before this be classified into the Chery models Kirin channel network has been re-sold into the car. In Chery QQ internally as a replacement model of MI has been received by Bo Kirin sales network, a direct result of the loss of the fist network Chery cars products. Kirin networking slow. Due to strategic requirements, the company's sale of Kirin Wei Lin and Rui Qi must have their own independent brand 4S shop. by the financial crisis, the progress is very slow recruitment, recruitment to Beijing to present only the lucky one million Ruiqi 4S store brand. Chery cars from the original find partners within the network, as planned initially by Chery cars in the network of 100 dealers to sell to Kirin network. As the new dealer network must be independent build stores, independent legal , independent funds, and the strength is not strong dealer can not cater to cars and commercial vehicles, not many dealers willing to cooperate.
analysis:. Chery sold a single sub-network should be regarded as successful from the network level, the difficulty of the new network large is a normal, independent brand good at innovation, there should be a solution.
V. News
1. no longer dependent Volkswagen China set up a China Corporation
Audi Audi has officially announced the formal establishment called Audi (China) Enterprise Management Limited. Audi in China, three issues: First, strengthen Audi's procurement operations in China to promote the domestic first-class parts suppliers Naruaodi company's global procurement system; second is to carry on-board electronics and entertainment systems software design and development of the localization and try to work with and experiment; third is to enhance the communication between Chinese and German shareholders and FAW - Volkswagen Audi Sales Division marketing support. Audi (China) Enterprise Management Co., Ltd. was founded, the original Audi Beijing office will be under the corporate governance, while continuing to support the FAW - Volkswagen Audi Sales Division marketing efforts. FAW in Changchun City - Volkswagen Audi Sales Division of the original functions remain unchanged, will continue as FAW - Volkswagen affiliated agencies responsible for Audi Chinese domestic and imported models of all sales, marketing, distributor management, service and other services. now in the sale of Audi cars in China has reached seven, including the new Audi A4L made and the new Audi A6L, and imported cars Audi A5/S5, Audi A8L/S8, Audi Q7, Audi TT / TTS and Audi R8 super sports car ..
Analysis:. Audi and Volkswagen brand image of imported cars have a greater gap between the establishment of Audi in China independent company, enabling its further maintenance of its high-end brand in the domestic luxury car market more firmly hold its lead, this would also speed up the Audi brand is more conducive to changes in the domestic market and thus the reaction rate to make more accurate and timely effective decision-making, and this move reflects the Audi once again on China as its second largest market in the world and take root in China attach great importance to long-term strategy ..
six, multinational corporations and overseas markets
1. g New Chrysler Grand Cherokee bankruptcy plan delayed production.
Chrysler has officially declared bankrupt, is from the product point of view, Chrysler seems to delay the bankruptcy of its running time of several hot products bear the brunt of a recent New York Auto Show is in the starting whole new generation of Grand Cherokee. It is reported that Chrysler has a direct impact on the declaration of bankruptcy to a whole new generation replacement for the Chrysler 300C plan ..
Analysis:. Kelai Chrysler's bankruptcy will inevitably bring the whole of its operations severely affected, and future product lines will dramatically change. But no matter Kelai Fiat or Chrysler, it seems that some Chinese consumers away.
2. India's Tata Nano micro car bookings over 200,000
4 Tata Motors said in a statement, more than 20.3 million people booked a mini car Nano, sales will reach $ 512,600,000. Among them, 50% one book is the million, 20 million are considered very good book. and bias in the high-end sales structure, and its earnings will be good.
3. U.S. new car replacement of old vehicles to be introduced to follow Germany and France
concession scheme in Germany, France , Britain and Japan have launched a new car discount program replacement of old vehicles, the U.S. government also plans to introduce similar incentives to save the auto market in crisis .5 5 March, the U.S. House of Representatives for the replacement of old vehicles on the Government's new vehicle programs to offer concessions to reach agreement. According to the proposal, consumers buy more energy-efficient replacement of old vehicles with new cars and trucks, the availability of up to $ 4,500 worth of discount vouchers. House Energy and Commerce Committee Chairman Henry Waxman said assessment If the Senate ultimately approved, the stimulus package will last one year, is expected to issue approximately 100 million of discount vouchers ..
:. the way the United States to promote the replacement of old vehicles should be larger, after all, second hand car large number of transactions at all levels may therefore second-hand car buyers to purchase new cars, new cars early part of the backlog of demand, so results should be a good introduction.
4. Chrysler Fiat assets into the auction process to determine priority bidder.
5 �� 5 afternoon to deal with the case of Chrysler for bankruptcy protection in Manhattan bankruptcy court judge approved the sale of Chrysler to start most of the assets to the Italian Fiat Group. competitive bidding process: the purchase of all or part of the Chrysler assets bid must be submitted in May 20; May 26 decision to the preferred bidder; May 27 hearing held on the final sale; sale as early as 30 days after the hearing. Also, if Cress Le assets failed to sell to Fiat, the Fiat, Chrysler will pay $ 35,000,000 of the very strong, early intervention to ensure that Fiat's acquisition of quality assets, which is a special case of government involvement in market behavior, in relation to major national economic interests, there is no pure market economy.
5. frequently Universal recent action .
5 at GM with the Securities and Exchange Commission filings showed its partnership program will provide ordinary shareholders. Among them, the common shareholders for the partnership program now is available for every 100 shares of stock for 1 share of existing shares By then, the existing shareholders of the shares will be diluted to less than 1%; the same time, debt-equity swap is completed, the U.S. government would hold more than half of GM's shares, becoming the largest shareholder; the United Auto Workers union will hold approximately 39% of the shares; other creditors holding 10% of the shares. GM shares closed at $ 1.85 the day, if the debt-equity swap program starts, the current value per share common stock is only 1 cent.
General Motors is considering the purchase of Italy carmaker Fiat's shares in exchange for GM's European and Latin American business will be sold to Fiat. Fiat has said it intends to President Maerneiqiao less than 10% of the shares sold to General Motors, Fiat, But the general wants at least 30% of the shares.
GM submitted to Washington lawmakers overseas production of the document describes the future, GM's sales in the United States from Mexico, China and South Korea-made cars to double . in the next 5 years, by the GM low-cost manufactured overseas and domestic sales of cars in the United States accounted for from the current 15% to 23%.
in order to survive and to ensure the competitiveness of the Korean General Motors purchase of parts makers to increase the amount of South Korean auto parts in quality and price competitiveness is much higher than with other countries, and plans to expand imports of Korean parts.
GM does not plan to sell shares of Daewoo cars ...
by automobile this week outlined:
1,5 month to maintain a strong market trend
5 January to February in passenger car manufacturers remained stable, and by the Federation from manufacturers on track to see the terminal market, manufacturers of the first week of May compared with April first week of sales growth of around 7%, further supporting the trend of manufacturers shipping is stable and smooth, with no pause phenomenon. This April narrow passenger car market hit a new high of 66 million sales later, still part of the factory to the dealer and smooth, the basic manufacturer's distribution system is not in cash or stock to digest the phenomenon of stagnation.
2, indicate strong sales May Day holiday spending habits change
week before the Labor Day Golden Week is the climax of the sales of the calendar year, May Day is a time traveling car. And every year the May 09 holiday a hot time for small, multi-information have proved to May's Strong Sales. Shanghai Auto Show after the market price stability, consumer confidence is relatively stable .4-6 three months of the formation of a small holiday for consumption on the car more and more sense. long enough time to travel, the family traveling by car or city tour to promote both material consumption and other tours to promote the further spread into the family car.
3, stir up to 9 into the loss of car companies and other news of little significance
hot automobile market of micro-off from January and so will be able to embodiment of the private car consumption boom is difficult to stop. sales growth picked up to enhance enterprise efficiency necessarily results. today announced the April producer price index in January fell by 6.6% year on year, of which 10.3% decline in raw materials. plus we all know that the RMB strong currency, the efficiency of enterprises the main passenger pick-up is inevitable .1 quarter decline in the automotive industry benefits are temporary, the car is the national policy of stimulating domestic demand, the rescue of the best expression. hype and other factors did not decrease business efficiency positive, there is no market for long-term basis. passenger car market in April narrow manufacturers sales grew 30%, an increase of 70% of micro-off when the hype enterprise efficiency decreased 9 percent, which is the foreign media hype China Automotive market, increasing output without increasing the red eye of the renewal, there is not much sense.
4, auto market after the earthquake in Sichuan better
08 �� 5 Sichuan earthquake last month in 1 year, which can not forget the day. In lot of good national and local policy, the past year, very fast development of automobile industry in Sichuan, the layout of the major car companies are in Sichuan. Sichuan post-earthquake reconstruction in Sichuan automobile market as fast recovery, Sichuan auto market in nearly 50% of the recent high growth, its growth rate far exceeding the eastern region. own brand in 2008 in the Sichuan earthquake relief fund-raising outstanding, to pay their contributions and sacrifices of the many lucrative joint ventures feel ashamed. Although it is not asking for anything, but in 2009 its own brand Sichuan has also made encouraging harvest sales, Chery, Geely, Brilliance, BYD, Tianjin FAW's own brands such as image and status of the Sichuan market has improved significantly.
5,4 achieve harmony on a narrow passenger month high growth
4 narrow, high-growth state of passenger car market harmony: factory sales were up 8.5% in March, an increase of 30%, domestic retail sales up 40% distributors, dealers stock rebounded slightly, manufacturers and sales smooth. These are April's market stable basis for high growth, distribution channels, not part of the accumulation of risk factors, strong sales in May while further digestion of the dealers stock just a little increase in overall passenger narrow channel running more smoothly , which in the context of high growth is extremely rare.
6, cancellation of the government loan fees why not remove the secondary road maintenance fee surcharge
08 ��� the Government to implement the fuel consumption tax reform, abolition of the government 27 billion yuan dig Toll road mileage and secondary loan fees reduced by about 60% of the total site, the greater the intensity, is said to have been resolved almost the middle east.
the highest density of vehicles, road maintenance fees cities most unreasonable surcharges remain not included in the cancellation of the scope of this baffling.
Tianjin, road maintenance, and many other major cities charge an additional fee, known as a repayment of government loan two flat-rate toll road, the focus is also broadcast interviews was reported to have been exempt from local considerations, to wait for central approval. but so far no news.
We look forward to either the abolition of Tianjin, the maintenance fee surcharge, or quickly build up the toll station, waiting for the final 40% of the two miles of toll roads and toll station canceled. hangs in the air more dangerous.
7, high-growth auto market test of the government's determination to encourage consumption
world crisis, the Chinese government a wise decision - to stimulate domestic demand, encourage private car consumption, the revitalization of the automobile industry. the state has adopted a series of policies to achieve good results, but there are many reported to the State waiting for the introduction of policies to encourage consumption. The current high growth in the automotive market, especially in the high popularity of private cars growth will test the government's policy to encourage consumption determination. the economic downturn, the market is not good to encourage the automobile market, the market growth is inhibited on considering a series of policies that need to be the test of time.
objective that the passenger is countries to stimulate domestic demand reflects the best of the industry effect. If the country continues to improve the consumption environment, reduction of the maintenance fee surcharge unreasonable policy on low-emission cars to give encouragement to drive China's passenger car industry will play better the pulling effect of the leading industries.
one, new products, price scanning
1. 6.18/6.58 million vision of two 1.5L listed Geely Automobile Geely
1.5L displacement launched the vision of two models , the current has reached new car dealers began to sell, market prices for the Platinum version 61800 1.5L, 1.5L GLS 65800. compared to carrying on King Kong, Golden Eagle and other models on the 1.5L engine, the use of 1.5L CVVT on the long-term maximum power increased to 78kW/106 engine horsepower (hp 69kW/94 older 1.5L engine), the maximum torque 135N.m. the listing of new cars is the 5-speed manual transmission. Appearance , the 1.5 model with the original 1.8 models use the same vision .1.5 L 93 gasoline, the use of four-wheel disc brakes. In addition, the new car with McPherson independent suspension front / rear torsion beam longitudinal arm + ..
composite suspension structure analysis:. Geely vision of the market price of 1.5-liter high, the difference with the larger 1.5-liter BYD, but its a little advanced engine technology, so go the future is a good chance The.
2. sale 8.48-11.58 million 3 09 Chery Tiggo listed
Chery Day (today) in Guangzhou. At the event, Chery Chery Tiggo announced 09 new car prices 3 8.48 ~ 115,800 yuan, a total displacement of 8 models 3. It is reported that 09 Tiggo 3, mainly in appearance, configuration and other aspects of certain improvements. and adjust the engine may also be slightly different. new car design in Europe through Italy with Chery Motor Company assembly DR DR5 sales of similar ..
:. Shui little change in the tiger, the main significance of the Ruihu Cheng as the SUV of the big brands, the existing Tiggo downgraded Tiggo 3, which is consistent with the idea of Harvard. own brand of SUV system-building to improve faster.
3 . 5.28-5.58 million officially listed JAC
with RS Yue Huai announced that its first hatchback sedan mm RS officially listed with the Hyatt, the first listing of a 1.3L displacement 2 models, manufacturers guide price Comfort 5.28 million, luxury 55,800 yuan, JAC 4S stores nationwide passenger cars have been fully delivered. with Yue RS (hatchback) body length of 3965mm, with Wyatt (sedan) body length of 4155mm, the length difference of 190mm, width and height is completely the same wheelbase also is 2410mm. The model is currently listed only a displacement of 1.3L.
Analysis:. with the price of the hatchback and sedan Yue consistent good performance of the sedan, the hatchback has also been a certain market infrastructure.
4. configuration price adjustment Corolla / Corolla models listed
COROLLA Corolla upgrade a comprehensive series of additional distribution, COROLLA EX Corolla series is add a new name ; models. In addition to configuration upgrade, two models in terms of price have also been adjusted. to the new Special Edition GL-i skylights, for example, both inherited GL-i skylight models, added with audio controls leather steering wheel and leather key to shift to, added with a driver information display of self-luminous type instrument panel and so on. The price is only: 149,800 yuan (automatic) and 139,800 yuan (manual transmission). And Corolla Special Edition EX model adds 1.6LG, an increase of aluminum alloy wheels, a total of two models priced at 114,800 yuan for the manual models, automatic models 126,800 yuan. but the two models Corolla EX 1.6LG In the guide price is also reduced to some extent ..
Analysis:. Corolla low force adjustments, and adjust the significance of the larger Corolla models, the incremental potential.
5. 7.39 ~ 10.79 ��Yuan Chevrolet announced the new price
Chevrolet Lova new music style in May 7 (today) officially announced prices, a total of three displacement launched a total of 9 models, priced at 107,900 yuan ~ 7.39 . Among them, the price of a new music style with the older style of music consistent, but abolishing the model set dynamic version of the 1.4 MT and 1.6 SX AT dynamic version. new music style to keep the vehicle in the proportion of musical styles on the basis of coordination, body by a 4310mm extended to 4345mm. front grille with two-dimensional cross, on the pick of the headlights, fog lights for the chrome. tail of the disk into a is the backbone of Chevrolet brand vehicles, while total sales volume of Shanghai GM has become an indispensable heavyweight models, but need to see that, the Chevrolet Aveo and the way of musical styles to keep sales prices received by large The. priced at 7.5 million -10.2 million price range models offer a style of music as much as the entire department 15000, joint models, only a small number of models of modern accent to the Principal to compete on price. Although, low prices and synchronization joint venture model is the Chevrolet Lova face as its own brand and other advantages of joint venture brands, but consumers in the engine performance for the musical styles and fuel consumption of the complaints have not changed in this paragraph be improved, so this change Tom is not the practice of dressing, whether the sales of new musical styles to bring a breakthrough remains to be seen.
Second, the macroeconomic environment and policy information
1. Miao Wei, vice minister of Industry and Information: No auto exports encouraged measures.
trade protection because of the financial crisis and the impact of the first quarter of this year, China exported 61,000 vehicles, down 62.06 percent, exports of the top five exporters are likely to drop sharply. Miao Wei said that the current implementation of the Ministry of Industry adjustment of the revitalization plan is still to expand domestic demand, while automobile exports currently no incentives, Ministry of Commerce has issued to encourage the framework of the 8 auto export policy, but details have not yet introduced. of which include the establishment of China's independent brand in the overseas automobile sales platform and a unified production base. clearly defined way to project contracting and foreign investment in export cars the way policy; on car export enterprises to provide preferential loans and export credits; further improve the car export management; increase financial support; support the construction of public service platform; ocean-going capacity to solve the problem; to provide automobile export market information service focused ..
Analysis:. exporting the crisis response to the external crisis, the export target country market demand changes can not effectively change. and export of Chinese car exports to other countries with different objectives, such as greater exchange rate shocks, combined with trade protectionism, the conventional export promotion of the automotive exports crisis has changed little.
2. NDRC first official disclosure of management of oil prices.
U.S. dollar, the domestic refined oil prices calculated by the normal processing margins; above 80 U.S. dollars a barrel, the profit margins began to reduced processing until the zero profit calculated according to prices of refined oil processing; higher than 130 dollars a barrel, the gasoline and diesel in principle not to mention the price or less put, this means that international oil prices, the state will appropriate subsidies to oil consumers.
under the national average processing costs, taxes, distribution costs reasonable and appropriate profits. when the international market of crude oil for 22 days moving average price changes more than 4%, can adjust the domestic gasoline and diesel prices ..
analysis: .09 relative stability in international oil prices, international forecast is in more than 70 U.S. dollars in a reasonable position. but with the economic recovery, a weaker dollar, international oil prices in the future greater risk.
3. central annually from fuel tax subsidies for local funds allocated 26.0 billion.
played from 2009 before the end of 2012, eastern and central regions and gradually and orderly to abolish the secondary roads repayment charges, so the national government loan two miles of toll roads and toll sites reduced by about 60% of the total. Ministry of Transport is working with the Development and Reform Commission for further study and perfect the relevant policies of the toll road, pay close attention to amend the in 2 by the end of the first to abolish the secondary roads repayment charges. then reported to the State Council, Heilongjiang, Jilin, Liaoning, Hebei, Henan, Hubei, Hunan and other 7 provinces, as the second cancellation of the government secondary roads repayment charges provinces in April to stop the government secondary roads repayment charges. eastern and central regions except provinces of Guangdong, Shanxi, Zhejiang, three provinces, other regions have all been one-off cancellation of the government secondary roads repayment charges.
Analysis :. Tianjin and other government loan toll is still not changed, it is best to hurry back to set point charges, then cancel, it would be difficult to resolve.
4. �� technology road light truck diverse country.
, enterprise reporting products do not have to submit the notice provisions of the technical information, May 1, 2009 implementation date. most of the light truck business in the country �� technical route of choice, to adopt a practice that uses high-pressure common rail, electronic unit pump and electronic control pump nozzle three typical technical route, but also VE pump with electronic control, electronically controlled unit pump combination, inline pump motor drive power control atypical technical routes.
Analysis:. This policy of equal treatment of enterprises is a good thing, reducing the pressure to upgrade. But there are also many lines, the effect large differences and other issues, the development of independent manufacturers to produce high-end technology diversification ideas. away from the N1 on July 1 this year, the country �� day class is only 2 months time, this time better.
Third, new car information
1. the second half of the Audi 2.7L A6L be made diesel vehicles.
new energy now in the limelight of the moment, the introduction of diesel engines on the surface somewhat with the times, but the real effect of point of view, no changes can be easily achieved Diesel Hybrid fuel consumption performance, only worry is that China's oil problems, the face of overwhelming hybrid wind, FAW - Volkswagen finally unable to bear the upcoming diesel cars are more high-end, and in order to counter the hybrid. from view the latest catalog number, FAW - Volkswagen's Audi models for diesel engines with a 2.7TDI, from the information currently available to see, which can be determined is the A6L,.
Analysis:. diesel engine compared to gasoline engines in terms of more affordable, but also more environmentally friendly, particularly in Europe and other cities, was very wide use of diesel engines, diesel engines in the country has not become developed is not because of poor fuel quality, easy to damage to the engine, but the lack of diesel. now, the short term, diesel engines is difficult to develop in China, in addition to restrictions by the oil, but also by policy constraints, consumption tax policy for large displacement engines pay higher taxes, so you can see Audi A6L this high-end diesel vehicles in the Chinese market outlook is not optimistic ..
2. 6 Yue listed domestic version of the directory from Yafu Reddy landing vehicle.
the just-concluded official KIA Shanghai Auto Show shows the new version of the Fu Ruidi new car have been reports that in June the current market, and its Chinese name is formally identified as Furui Di, and now the time to catalog the new number appears strong support for the reliability of this information. new car will be Both 1.6L and 2.0L engines match the production base in Jiangsu Yancheng are arranged, the former Hyundai Group will adopt the latest GAMMA 1.6-liter engine, maximum power 91kW/6200rpm, maximum torque 153N.m/4200rpm, compared to the old have a lot of improvement. There is no certainty in this dynamic parameters of the 1.6L engine is the directory, but the domestic version of Furui Di 1.6L engine number is used G4FC, not the previous Hyundai's flagship product mm4GED type ..
Analysis:. Furui Di listing competes with Shanghai GM's Excelle, Cruze, Tiida, Yuet and Long Yi, is facing a very tough market environment, the current level in the market, better sales 1.6L models models are generally expected to Furui Di formal listing, 1.6L will be the main emissions, Furui Di chose instead 2.0L 1.8L 2.0L model mainly because the engine is 1.8L CVVT is used while the engine is older engine, performance is not dominant, and the impact of purchase tax by the relatively large, while the 2.0L engine with more dominant in the performance of the case by the relatively small impact of the acquisition tax, but also to work with 1.6L distance ..
3. Chery's first mini-SUV market by the end Ruiqi X1.
Chery series of five baby was officially classified as Ruiqi M1 is also the official auto show, priced from 42,800 yuan. And a series of five miniature baby SUV has now been named Ruiqi X1, is expected to be listed at the end of the year.
positioned Ruiqi X1 Chery's first mini-SUV products, LWH are 3866mm, 1622mm, 1638mm, wheelbase also reached 2330mm. with McPherson independent suspension before and after semi-independent torsion beam suspension, and is equipped with four-wheel disc dual-circuit brake system. Power, Ruiqi X1 with Chery SQR473F 1.3L engine (1.5L model for possible future release), the maximum power up to 61kW, the maximum torque of 114Nm, with five-speed manual gearbox, the vehicle provide better economy. Ruiqi X1's curb weight, but reached a 1100kg, the total mass to 1549kg, for a compact car, the due to their own weight problems, will sacrifice a lot of torque ..
power analysis:. mini SUV market prospects is difficult to judge, then Terry's mini-SUV performance is not ideal, but Suzuki also import a small SUV sales in general. Thai people now a small SUV, the price of 5 million, so Chery must achieve such prices, which have a market in the Midwest.
IV News
1. Beijing Hyundai will have introduced a variety of i series models.
Beijing is a modern product line from small cars to mid-size car has, but they all belong sedan market segment, while the hatchback market is blank, so consider a huge success in Europe i30 hatchback introduced to China market. Reporter also noted that the positioning of domestic modern i30 and Elantra - Sports & the same, the internal code-named L engine, the car will be officially listed in October this year. i30 hatchback model is the main competition locked Dongfeng Nissan Tiida, Ford Focus, etc., the size of its annual output to 40,000 currently planned. Hyundai i series i10, i20, i30, and other models ..
Analysis:. Domestic opponents of modern i30 hatchback and other models should be Li Wei, Tiida and Fox slightly higher prices, and Li Wei though seems to be A0 level, but the price so close to modern i30 hatchback.
2. FAW-Volkswagen sold a number of high-level framework to re-build for the
cursory FAW-Volkswagen has announced some personnel changes within the news, North East and Eastern The director will be returned to headquarters as Deputy General Manager Sales, some executives return to the general public in China. In the adjustment, the FAW-Volkswagen's sales management structure also re-build. According to FAW-Volkswagen Sales Company disclosed the news, FAW-Volkswagen Sales Northeast Song Jing, director of the country as a sales company headquarters will be transferred back to Vice President in charge of marketing plans; Eastern Tengyu Guo, director of marketing will also be transferred back to headquarters, the same as vice president; the middle and high added from the regional headquarters, sent the German side part of the vice president level executives will return to the general public in China ..
Analysis:. FAW-Volkswagen, after this round of personnel changes, the overall sales management structure will change significantly, even in national sales management will also have major changes, which in part reflects the general manager last June took the idea of Hu Yong ..
3. FAW-Volkswagen started work in Chengdu car construction project
5 8, FAW and Volkswagen in China Start the Chengdu joint car-building projects. Sichuan leadership, FAW President Xu a, Volkswagen Group (China) President and CEO Dr. Fan Ande so laid the foundation stone for the project started. This amounted to 550 million euros investment in car construction project in Chengdu, Sichuan disaster reconstruction of the largest single investment projects and technical content of the highest ..
Analysis:. factory covers an area of 800,000 square meters, due to the formation of the coverage of all models Jetta, so a single model is expected to lower costs, combined with post-earthquake preferential policies forceful, low-cost advantages of this project will be more obvious.
4. DeFazio car signed a strategic cooperation agreement with Gome.
private mini-car and domestic retail enterprises DeFazio car signed Gome Electrical Appliances Industry strategic cooperation agreement to jointly formed an alliance to launch two-car household appliances to the countryside activities. The United States is the background and Gio cooperation, and actively respond to national call, with the national implementation of policies. the specific content of the main is that both sides share the terminal network resources, namely the United States and more than 240 cities across the country will have nearly a thousand auto Direct stores open to the Gio, Gio car sales network is also open to Gome, The two sides complement each other, powerful combination.
Analysis:. Gome chain development is faster, but the network is not strong in rural areas, the state is controlled to promote the chain channel model, the United States the advantages of the city.
5. Chery beginning of the current drawbacks of multi-brand strategy: product distribution network building slowly
chaos in March of this year, Chery began sub-brand sales strategy, Chery cars into cars, opening Swiss Kirin, and the three sales channels. Although the current implementation of the new strategy from less than two months time, but the resulting product by the uneven and slow channel construction defects have already occurred. Distribution of Products chaotic .09 Eastar paragraph listing in Beijing, before this be classified into the Chery models Kirin channel network has been re-sold into the car. In Chery QQ internally as a replacement model of MI has been received by Bo Kirin sales network, a direct result of the loss of the fist network Chery cars products. Kirin networking slow. Due to strategic requirements, the company's sale of Kirin Wei Lin and Rui Qi must have their own independent brand 4S shop. by the financial crisis, the progress is very slow recruitment, recruitment to Beijing to present only the lucky one million Ruiqi 4S store brand. Chery cars from the original find partners within the network, as planned initially by Chery cars in the network of 100 dealers to sell to Kirin network. As the new dealer network must be independent build stores, independent legal , independent funds, and the strength is not strong dealer can not cater to cars and commercial vehicles, not many dealers willing to cooperate.
analysis:. Chery sold a single sub-network should be regarded as successful from the network level, the difficulty of the new network large is a normal, independent brand good at innovation, there should be a solution.
V. News
1. no longer dependent Volkswagen China set up a China Corporation
Audi Audi has officially announced the formal establishment called Audi (China) Enterprise Management Limited. Audi in China, three issues: First, strengthen Audi's procurement operations in China to promote the domestic first-class parts suppliers Naruaodi company's global procurement system; second is to carry on-board electronics and entertainment systems software design and development of the localization and try to work with and experiment; third is to enhance the communication between Chinese and German shareholders and FAW - Volkswagen Audi Sales Division marketing support. Audi (China) Enterprise Management Co., Ltd. was founded, the original Audi Beijing office will be under the corporate governance, while continuing to support the FAW - Volkswagen Audi Sales Division marketing efforts. FAW in Changchun City - Volkswagen Audi Sales Division of the original functions remain unchanged, will continue as FAW - Volkswagen affiliated agencies responsible for Audi Chinese domestic and imported models of all sales, marketing, distributor management, service and other services. now in the sale of Audi cars in China has reached seven, including the new Audi A4L made and the new Audi A6L, and imported cars Audi A5/S5, Audi A8L/S8, Audi Q7, Audi TT / TTS and Audi R8 super sports car ..
Analysis:. Audi and Volkswagen brand image of imported cars have a greater gap between the establishment of Audi in China independent company, enabling its further maintenance of its high-end brand in the domestic luxury car market more firmly hold its lead, this would also speed up the Audi brand is more conducive to changes in the domestic market and thus the reaction rate to make more accurate and timely effective decision-making, and this move reflects the Audi once again on China as its second largest market in the world and take root in China attach great importance to long-term strategy ..
six, multinational corporations and overseas markets
1. g New Chrysler Grand Cherokee bankruptcy plan delayed production.
Chrysler has officially declared bankrupt, is from the product point of view, Chrysler seems to delay the bankruptcy of its running time of several hot products bear the brunt of a recent New York Auto Show is in the starting whole new generation of Grand Cherokee. It is reported that Chrysler has a direct impact on the declaration of bankruptcy to a whole new generation replacement for the Chrysler 300C plan ..
Analysis:. Kelai Chrysler's bankruptcy will inevitably bring the whole of its operations severely affected, and future product lines will dramatically change. But no matter Kelai Fiat or Chrysler, it seems that some Chinese consumers away.
2. India's Tata Nano micro car bookings over 200,000
4 Tata Motors said in a statement, more than 20.3 million people booked a mini car Nano, sales will reach $ 512,600,000. Among them, 50% one book is the million, 20 million are considered very good book. and bias in the high-end sales structure, and its earnings will be good.
3. U.S. new car replacement of old vehicles to be introduced to follow Germany and France
concession scheme in Germany, France , Britain and Japan have launched a new car discount program replacement of old vehicles, the U.S. government also plans to introduce similar incentives to save the auto market in crisis .5 5 March, the U.S. House of Representatives for the replacement of old vehicles on the Government's new vehicle programs to offer concessions to reach agreement. According to the proposal, consumers buy more energy-efficient replacement of old vehicles with new cars and trucks, the availability of up to $ 4,500 worth of discount vouchers. House Energy and Commerce Committee Chairman Henry Waxman said assessment If the Senate ultimately approved, the stimulus package will last one year, is expected to issue approximately 100 million of discount vouchers ..
:. the way the United States to promote the replacement of old vehicles should be larger, after all, second hand car large number of transactions at all levels may therefore second-hand car buyers to purchase new cars, new cars early part of the backlog of demand, so results should be a good introduction.
4. Chrysler Fiat assets into the auction process to determine priority bidder.
5 �� 5 afternoon to deal with the case of Chrysler for bankruptcy protection in Manhattan bankruptcy court judge approved the sale of Chrysler to start most of the assets to the Italian Fiat Group. competitive bidding process: the purchase of all or part of the Chrysler assets bid must be submitted in May 20; May 26 decision to the preferred bidder; May 27 hearing held on the final sale; sale as early as 30 days after the hearing. Also, if Cress Le assets failed to sell to Fiat, the Fiat, Chrysler will pay $ 35,000,000 of the very strong, early intervention to ensure that Fiat's acquisition of quality assets, which is a special case of government involvement in market behavior, in relation to major national economic interests, there is no pure market economy.
5. frequently Universal recent action .
5 at GM with the Securities and Exchange Commission filings showed its partnership program will provide ordinary shareholders. Among them, the common shareholders for the partnership program now is available for every 100 shares of stock for 1 share of existing shares By then, the existing shareholders of the shares will be diluted to less than 1%; the same time, debt-equity swap is completed, the U.S. government would hold more than half of GM's shares, becoming the largest shareholder; the United Auto Workers union will hold approximately 39% of the shares; other creditors holding 10% of the shares. GM shares closed at $ 1.85 the day, if the debt-equity swap program starts, the current value per share common stock is only 1 cent.
General Motors is considering the purchase of Italy carmaker Fiat's shares in exchange for GM's European and Latin American business will be sold to Fiat. Fiat has said it intends to President Maerneiqiao less than 10% of the shares sold to General Motors, Fiat, But the general wants at least 30% of the shares.
GM submitted to Washington lawmakers overseas production of the document describes the future, GM's sales in the United States from Mexico, China and South Korea-made cars to double . in the next 5 years, by the GM low-cost manufactured overseas and domestic sales of cars in the United States accounted for from the current 15% to 23%.
in order to survive and to ensure the competitiveness of the Korean General Motors purchase of parts makers to increase the amount of South Korean auto parts in quality and price competitiveness is much higher than with other countries, and plans to expand imports of Korean parts.
GM does not plan to sell shares of Daewoo cars ...
No comments:
Post a Comment