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Common imminent us IPO hard to determine the number of overseas investors





CRI news Beijing time 3 September morning message if all went well, General Motors will be held this fall for IPO. According to sources, the current United States Treasury Department's concern was that allowing what quantity of overseas investors buy shares of General Motors.

Sources said that in the sovereign funds, and other non-United States local investors to cornerstone investor in General Motors IPO, the United States Treasury Department may adopt limits or targeted screening. It is understood that the United States Government on the issue in this case, is primarily intended to be the General Motors huge IPO of political influence.

In General, to participate in IPO of cornerstone investors will be to determine the prices to purchase and hold a large number of the company's stock, thus helping with the IPO of enterprises attract more investors. And in return, the cornerstone investors buy stock price can be a degree of preference.

At present, overseas sovereign Fund and other foreign investors hold a significant number of large enterprises in the United States. But for General Motors, the introduction of foreign investors is a sensitive issue. In 2009, the United States Government will be $ 50 billion of taxpayers ' funds into the General Motors, to help complete the restructuring of the latter. In the GM of IPO process, the United States Treasury Department may make certain amount of cash.

Sources said the United States Government will in the next two weeks to determine as a cornerstone investor in General Motors IPO of overseas investors. For United States Department of Treasury, the cornerstone of the investors, the more it easier through the sale of the shares of General Motors for cash. Currently, GM and is responsible for its IPO underwriting investment banks are seeking to maximize the number of investors, thereby increasing the size of its IPO. According to the plan, GM's IPO will be held in mid-November of this year, and the United States Treasury Department currently holds 61% of the company.

For General Motors, as soon as possible to get rid of United States Government control will contribute to its operation. It is precisely because of United States Government to hold a large stock of General Motors, many potential customers are not willing to purchase the company's products. But on the other hand, the United States Treasury Department would like to be able to continue to hold a General Motors stock over a period of time to wait for a better price for sale to the Government to recover the entire investment even achieved profitability. This also means that the United States Treasury at GM's IPO process will not be sold a large number of stock and the choice to continue to hold.

Sources, in order to determine the time for its IPO investors, General Motors must be in the next two weeks to develop relevant programmes. According to the plan, GM will be November 2 United States Congressional midterm elections immediately after the formal Roadshow's IPO will take place before the end of November. But if everything goes according to plan, GM will be published before the IPO of its third quarter results of fiscal report. (Tianbao)

Germany Opel will expand the Chinese market by introducing more cars





Recently, overseas media, from Germany's hopes to expand the Opel apart from markets outside Europe, particularly in China.

德国欧宝将扩展中国市场 引入更多车型

Opel last year in the domestic sales of four thousand cars, but a huge car market in China, this kind of sales performance is not good. Therefore, the Opel spokesman, said Andres Kroemer future Opel in China will be positioned in the premium car market, and is expected to bring in more models.

德国欧宝将扩展中国市场 引入更多车型

Opel Meriva next will introduce

According to our previous reports, the Opel's future plans, Opel Meriva of new compact MPV will be introduced in 2012 to domestic, believe there will be more models into the plan. More message we will continue to pay attention.

KIA global Vice President of mass recall has resigned (map)





起亚全球大规模召回 副主席已辞职(图)

Korea's second largest automobile KIA manufacturer automobile (KIA Motors Corp.) 7 September announced that KIA Vice President Jeong Eun has Sung on September 3, resigning, willing to KIA's global recall happened recently. KIA 6, in an e-mail statement said: "due to vehicle wiring, and fire accidents might occur, Kia will be a worldwide recall 8.59 million cars. In addition, because of a faulty circuit board vehicles, Kia will also be in the Chinese market recall 18,147 Sorento, Borego and Soul models. ”

Korea Hyundai Kia Automotive Group be assembled in Russia





An integrated electric super car, the Government of Russia, on September 3, Korea automobile manufacturers modern KIA automobile and automobile is currently and Russia negotiated IzhAvto auto manufacturers, Hyundai and Kia's intention to cooperate with IzhAvto auto Assembly in Russia.

In 2009 Russia economy 10 years after the worst situation, IzhAvto factory 22 million car Assembly production start is idle. And at present still shelter near IzhAvto 5 billion of debt.

IzhAvto responsible disclosure, Igor Kulgan IzhAvto likely annual Assembly 4.5 million Kia cars, and 1.5 million modern light-duty trucks.

Russia Dmitry Peskov Government spokesman said the hope modern Kia and negotiations can IzhAvto to successfully conclude as soon as possible, hope that both sides can address in assembly plants as soon as possible, a consensus on the details.

(Super car network)

VW plans to use the surplus production capacity in Nizhni Novgorod-Russia increase yield





Super cars news integrated foreign , mass car Chairman Martin ・ Wende en (Martin Winterkorn) recently, Prime Minister Putin talks with Russia, said the public will expand in Russia, is expected to yield in 2017 to 2018 years Russia will increase in volume sales people to 36 million.

In the short term, public plans and Russia Gorky automobile (GAZ Group) signed a cooperation contract production, the use of the surplus capacity of Gorky to expand production; in the long term, the public plans in Russia Kaluga factory to increase a production line to expand production capacity.

Reuters quoted Wende en saying: "the rapid development of automobile market in Russia, our existing production scale has been unable to meet the needs of the market. The first eight months of this year, the mass Russia car sales rose by 12% to 27,636 vehicles. ”

Mass from October 2009 onwards in Kaluga factory production. Currently, the factory assembled models have mass transit concept and Skoda Octavia, automobile production is 15 million.

Media reference Putin said: "Russia Government will do everything possible for the public to create optimal conditions for investment. ”

(Super car network)