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Korea modern factories for India strike $ 1390





CRI news Korea modern automotive India subsidiary Monday said as 150 workers held protests lead to its factory located in southern India were forced to suspend production, the company's accumulated losses had reached 6.5 India rupees (1390 m). It is understood that those employees to this protest activities, aimed at the requirements of modern companies hire last December was the dismissal of employees.

Currently, all major automobile manufacturers in India market are facing a series of questions. In addition to a further deterioration in labour issues, market competition, the rise in the cost of raw materials to auto manufacturers operating in India caused great difficulties. In fact, this is already a modern car India subsidiary is located in southern Tamil Nadu-Chennai plant outbreak of the third employee protests. At present, the factory employees more than 1 million people. In the last month of May and July, the factory employees have held two strike to demand modern company authorized external trade unions and re-employ the dismissed employees.

Hyundai Motor India subsidiary press spokesman domitila (Rajiv Mitra) said: "because of the employee's position in the factory to protest against the building of internal, in order to ensure security, we have stopped production of the factory. "In addition, Hyundai Motor India subsidiaries in a separate statement, said that the downtime this week for a result in the loss of 2200 car production, the value reached 6.5 India rupees.

At the same time, recent factory and spare parts suppliers have launched protest, many car manufacturers have had an impact. For example, automobile parts manufacturer Rico Auto Industries Ltd. about 1800 employees held protests, affecting the local and the global auto manufacturers ' production activities. Including General Motors, car Ford, many automobile manufacturers are forced to temporarily suspend or close the factory. (Yi Hai)

General requirements for dealers IPO will provide loans to banks





Integrated foreign coverage, according to Morgan Stanley (Morgan Stanley) Chairman John Mack6-7, that the interest of the General Motors IPO underwriter of the banking institutions are general requirements for loan, and this condition is common IPO underwriter to choose one of negotiate the necessary procedures.

The Insider recently revealed that the present General and Washington United States Treasury Department and the Goldman Sachs Group Inc (Goldman Sachs Group. ), And United States Bank (Bank of America Corp. ), Citigroup (Citigroup Inc. ), Morgan (JPMorgan Chase Co.) And Morgan Stanley (Morgan Stanley) in contact, and select one as universal underwriters of IPO.

Professional analysis, generic IPO May 2008 market crash since the profit of the largest deal, Wall Street banks are drooling, hope was selected as underwriter. So GM is most likely would like to take this opportunity and the Bank to carry out a transaction "interests." (Jennifer Jiang)

Nissan will from Suzuki India procurement 3.5 million Alto (map)





日产将从铃木印度采购3.5万辆奥拓(图)

Figure for 2009 Nissan Pixo

An integrated electric super car, Nissan car India branch announced on June 8, Nissan plans from India branch of Suzuki Marut Te Suzuki Department procurement 3.5 million units Alto (Gallery Forum) (A-Star) small cars.

Nissan before had planned to purchase from Suzuki 2.9 million Alto small cars. These cars Pixo follow-up will OEM sales in the European market.

(Super car network)

GM Opel Spain Government access from 3 billion euro aid





CRI June 8 rising Spain's Central Government and the Government of Aragón autonomous region will for General Motors Opel company 3 billion euro of financial assistance (3.582 billion), the Aragon Government said today.

"The Central Government and the autonomous community of Spain will be made 3 million euros in aid limits. "Aragon Northeast at its official website. Opel's parent company General has asked the European Governments to Opel restructuring economic aid, after the reorganization of production and labor Opel will be reduced by 20%.

(Grasp)

Affected by the policy to stimulate, Russia new car sales rose 31%





Super cars news wire services reported that is integrated in Moscow's European Business Association (Association of European Businesses) June 8, published data show that benefit from Russia Government car trade-in allowance policy, may-Russia market of new cars (passenger cars and light duty trucks) sales reached 157,937 units, and over the same period in 2009 has gone up 120,367 compared to 31%.

Russia's Prime Minister Vladimir Putin on June 3, said that Russia's Government plans to spend 100 million rubles (about 3.14 million) for the renewal of Russia in March of this year of the automobile consumer subsidy policies. According to the policy of Russia consumers in the scrap using more than 10 years old car, purchase new cars made in Russia, you can enjoy 5 million rubles. The policy significantly stimulate the consumption of domestic automobile Russia. In may, Russia market sales top 10 models, there are nine sections of the domestic automobile for Russia.

5 month, Russia's largest vehicle manufacturer AvtoVAZ naturally become the Russia market cheqi champion, an increase of 62%. AvtoVAZ Lada Priora and under the flag of the Samara cars remain Russia's best selling models.

The first five months of this year, Russia new car sales for 615,665 units, an decrease by 5%.

(Super car network)