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To catch up with competitors General seeking automotive finance partner





Super comprehensive Automotive News reported, according to News Agency Insider, in order to increase the intensity of car loans, increase the United States market sales, GM is currently and related financial institutions for cooperative negotiations.

In 2009, caught in the shadow of bankruptcy protection in General Motors was forced to sell its subsidiary finance company GMAC LLC (now renamed as Ally Financial Inc.). Universal has therefore become a handful of House there is no financial company cheqi. Because you cannot provide consumers contend with competitors of loan discounts, GM had to give up part of the pain. The first five months of this year, General Motors sales grew 15%, but has financial company Ford car sales rise but achieve common twice.

According to an insider, General Motors with the development of cooperation between Financial Ally, but since it seems that this Financial Ally and not interested in, so the General decided to look for other partners.

In response to these rumors, GM spokesman refused to disclose specific information, only said: "now General Motors is trying by all means, providing consumers with more competitive loan incentives. ”

(Super car network)

United States to release new vehicle quality ranking first hyper-local brands imported brands





June 17, J.D. Power and Associates published 2010 United States new car quality study (IQS) display, independent car brand new car quality in General, for the first time exceeded the imported brands.

Overall, the 2010 new car quality industry average PP100 score to 109, slightly higher than the 2009 108 score (PP100 i.e. 100 Jumbo issue number, the lower the score indicates a failure of the lower the frequency, the higher the quality). However, the 2010 United States independent brand new car quality of overall average score of 108, and in 2009 compared with 100 car problems reduced the number to four. Brand new car for 2010 is slightly better than the imported brand quality, imported brand new car quality average PP100 score is 109.

In 2010, the number of own-brand models ( including Ford Focus, Ram 1500 LD and Buick Enclave) substantially advance the overall independent auto manufacturers. Ford vehicle performance; its new car quality over the past nine years has been steadily increasing. In addition, in 2010, the Ford Motor Company ( including Volvo ) has 12 models in their respective market segments in the first three digits, more than any other automobile manufacturers, General Motors has 10 cars in their respective market segments in the first three digits.

In addition, the new models and redesign of the quality of new cars continued to improve in 2010, which Ford, Honda , Lexus , Mercedes- and mcg Porsche performance of new models.

New Honda Crosstour and redesigned Ford Mustang, Ford Taurus and Lexus GX 460 new car quality in their respective market segments, respectively ranked first. Ford Fusion, Mercedes-Benz E-class saloon and Coupé and Porsche Panamera also displayed a remarkable new car quality level.

Senior appointments in the new Volvo CEO has served as President of Volkswagen of North America





According to the Wall Street Journal Chinese network news that Germany local media reports, Volvo company has appointed automotive North America public CEO Stefan Jacoby as its new Chief Executive Officer.

Some sources claim that Stefan Jacoby will succeed Stephen Odell became the new CEO of Volvo, which will Ford served as Motors European business owners. Prior to that Ford has agreed its Volvo sold to China Geely holding group. This transaction will be completed in the month of August.

Currently, Volkswagen has yet to comment on this matter.

For Volvo and auspicious cooperation with Sweden, local media reported that the recent programmes for Volvo cars will soon have a Government background of "patron", alluding to the patron.

The programme that lucky, in the process of acquisition of Volvo in Daqing City-owned assets management co., Ltd. has participated in the financing process, and will therefore become the Daqing State large shareholders of Volvo. Kili's acquisition of Volvo transactions completed, is expected to hold the State property to Daqing, Volvo cars 40% of the shares. And Daqing State has participated in the Volvo China factory site selection process, and have some say in it.

Lucky you this that local governments are just lucky external financial partners. How many shares will still cannot be determined.

The message also States that the head of public relations for Volvo cars Olle Axelson on Volvo will have a background of strong investors welcome. Axelson, said that this will further ensure the financing of the acquisition of Volvo Geely safety and reliability.

Lucky had promised not to take any Volvo Sweden factory, and the subsequent retrenchment measures of research and development work still Volvo will be placed in Sweden.

沃尔沃高层任命 新CEO曾任大众北美区总裁

September 1, 2007, Stefan Jacoby as new Chief Executive of the United States public, Stefan Jacoby holds a master of Business Administration degree, have long engaged in the commercial vehicles in the United States, and have extensive experience in foreign markets, including from 1997 to 2001 and is responsible for public affairs, Asia-Pacific region the depot and in 2004 the global mass market Marketing Executive Vice President.

(Economic observation network)

KIA announces plans to build a factory in India with 30 million units





CRI's hearing Korea automobile manufacturers Kia Motors Corporation (Kia Motors) on Wednesday announced that the company plans to build a factory in India. If everything goes smoothly, the factory will be 2012 formally put into production, annual vehicle production capacity will reach 30 million units. As India's economy in recent years of sustained and rapid development, the market has become a major automobile producers compete for one of the key.

A Kia automotive press spokesman said that at present the company is to build a factory in India plans to conduct a feasibility study. According to current plans, Kia Motors will select in India's fourth largest city to establish plant near Chennai. The press spokesman added that "based on modern car in 1998 into the India market situation considerations, our comprehensive assessment in India established factory project cost and time factors, at the same time, our evaluation also involves for the India market demand forecasting and modern cars currently in the market of actual sales, and other factors. ”

As KIA motor's parent company, modern cars currently in Chennai has established two factories with a total annual capacity is 60 million Yuan. Throughout 2009, Hyundai Motor through the above two factories producing the 56 million vehicles, of which around 29 million units sold to the domestic market of India. Currently, Hyundai Motor in the India market share of about 20%.

Analysts think, Kia Motors has announced plans to build factories in India, added that the company hoped to its European market looking for a new replacement market. Currently, the European market is Kia automobile major export destinations. But in the European economy is in downturn, the market of automotive demand has stagnated. Compared with this, the India market automotive demand remains high speed growth.

Throughout 2009, India market passenger car sales reach 140 million units. According to the analyst's estimate that by 2015, India automobile market annual sales will reach 300 million units, thus becoming the second only to China, the United States and Japan's fourth-largest automobile market in the world.

As the capital of Tamil Nadu, Chennai has gathered a number of international automobile manufacturers, including modern automobiles, Ford automobile, BMW automobiles and Mitsubishi . It was to foreign media reports, PSA Peugeot Citroen company also plans to establish in Chennai, and a factory has been associated with the local government. (Yi Hai)

2010 Gumball3000 super sports car Rally Japan ended





Giants Ferrari Gumball3000 nothing!

2010 Gumball3000 super sports car rally ended recently in London, United Kingdom, the players need ways of Netherlands Amsterdam, Stockholm, Copenhagen, Denmark, Sweden and finally turned to North America with the rest of the race, and arrived at the finish line ― United States New York's Times Square. Departure ceremony, 120 rare super sports car, there are a variety of SEMA, strange vehicles let fans feast their eyes, the land of the fleet to be plugging everywhere have watery diarrhoea is blocked.

Annual Gumball3000, in honor of United States was founded by the famous driver, a private organization of the rally in the world enjoy high reputation in each of the participating car approximately 200 meters, of which 60% is Ferrari and Porsche . Gumball3000 total 3000 kilometers, hence its name.

Join the top rally drivers, participants does not require any formalities, comes with car registration, however, the race entry fee quite expensive, is not an ordinary person can afford, so participating riders are giants.

Entry fee is expensive

Participate in a contest Gumball3000 vehicles need 40,000 pounds, amounting to $ 596,000. In addition, every fujia or passengers take 10,000 pounds. Full Board and lodging packages, as well as in five-star hotel, but a vehicle air all oil, insurance, tickets, and dealings with the owners of origin does not include transportation costs, including purchase of third party insurance shall not be less than GBP per person 703,000 (equivalent to $ 10,475,000) liability insurance 2,109,000 pounds (equivalent to $ 31,424,000).

"Severe alterations" left is the focus

Gumball3000 focus is not a normal super sports car, the original not modified sports car here can only be entry-level, even Ferrari , Porsche, ilk Lamborghini, or difficult and prone to 600-700 horse power "to be left" competition, because even the Ferrari Enzo is the creation of speed, but also at all participating vehicles in six of the top ranked Coney Eglises CCR maintains an astonishing 387 km/hour.

Avoid cheating destinations are "fuzzy"

Gumball3000 conducted with a very special, the starting point since inception in United Kingdom, London, but the end is different, and each of the participants in the line will know about the destination until a quarter receive roadmap before departure, learned the next collection points, and at the end of each rally point departure before will be informed after the route so that participants are not informed of each checkpoint, avoid using other modes of transport arrive by cheating.

Nonsense is not to say, let's go back to the game site Gumball3000, take a look at these rare luxury or sculpt weird car did you like it. GO!