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Renault, Nissan and Renault Samsung joint bid for Korea SsangYong





Economic observation network (billboards) 6/7 Japan, France car company Renault officially confirmed that the company and its partners ― car, Nissan and Renault in Korea subsidiaries Renault Samsung motor company Korea joint acquisition of SsangYong motor company.

It is reported that Renault company spokesman said the company had submitted a letter of intent for the acquisition, the spokesman also said that the six companies nominated for the US Auto Auction party. Reynolds company holding Korea Samsung Renault 70% of the shares.

2005, Shanghai Automotive has funded the $ 500 million acquisition of SsangYong 51.33% stake. But double Dragon car trade union challenged the SAIC transfer technology, companies continue to have problems, several cut-off, declining car sales leads to deterioration of the financial situation, into bankruptcy. In January 2009, SAIC refuse additional investment, SsangYong motor to Korea Court bankruptcy protection programs and the application has been approved. Then the Dragon cars will be worth KRW 3933 billion of debt to equity, SAIC holds equity result from 51.33% to 11.2%. SAIC in media interviews, said that for the next Dragon buyers choice, Shanghai Automotive and does not have the right, at our discretion, but it does not "will not be completely exit the Dragon" stance.

(Economic observation network)

Chrysler will invest $ 300 million in the United States to produce new transmission





Super cars news, comprehensive foreign coverage United States automobile manufacturers Chrysler June 9 announcement that Chrysler will be located in the United States Indiana's two factories invested 3 billion production the new 8-speed automatic transmission to improve vehicle fuel economy.

This investment is Chrysler 2009 out of bankruptcy protection after the biggest investment. With this investment, the new 8-speed automatic transmission from 2013 onwards in Chrysler Indiana Kokomo casting and transmission plant put into production. The two factories will recruit 1200 employees.

Chrysler Powertrain, Senior Vice President Paolo Ferrero said in a statement: "the new 8-speed automatic transmission in the production and use is part of our strategy, namely in 2014 years ago will Chrysler's fuel economy increase 25%. At the same time, the new transmission will also increase driving comfort. ”

Chrysler plans to put into operation in the 8-speed automatic transmission by Germany supplier ZF (ZF Friedrichshafen) design and production. In addition, ZF has begun to other vehicle plant supply to the transmission of the named 8HP.

(Super car network)

The Government of Spain awarded the universal Opel 3 billion euros in financial aid





An integrated electric super car, the Government of Spain will be general European branch provides 3 Opel billion euros (about $ 3.6 million) of financial assistance.

Spain's Northern Region Government in its official online announced this decision, and said: "Spain's Central Government and the Government of the autonomous communities in the North of Spain, will provide for Opel 3 billion euros of aid. ”

Opel European another factory location Germany Government held a meeting next week to decide whether to provide financial assistance for Opel.

(Super car network)

Fiat 2011 will replace the Chrysler brand with lanqiya





CRI June 8 rising to reform and strengthen its European sales business, Fiat 2011, will be used in continental Europe lanqiya replace Chrysler, but will be preserved Dodge and Jeep the two brands. Chrysler will only sell in the United Kingdom and Ireland, these two countries do not sell lanqiya.

Chrysler/lanqiya President Olivier ・ Francois said: "our plan will be in 2011, in place, in a comprehensive sales lanqiya/Chrysler will include a network of about 800 dealers and more than 1000 dealership. "Fiat in April disclosure: plan is to merge the two brands that share a variety of sales platform and models. In the new scheme, the Dodge Charger will be selling its, Challenger and Viper classic cars and Jeep will continue as a specialized brand, through the European variety of Chrysler/lanqiya dealers to consumers. Future lanqiya-logo will be used on the Chrysler models, such as redesign of 300C (Gallery Forum) , reformed Town

The rich class rising India luxury car market needs strong growth





An integrated electric super car, India in the past, for consumers, like , mcg BMW and Audi , luxury car can only be used in a TV or a movie screen, a feast for eyes, in real life, these luxury car can use the "catch up" to describe. However, as the number of millionaires in India domestic growing luxury cars now for India market is no longer a "dream". India market luxury cars sales growth has far exceeded the overall sales India automobile market growth rate.

Currently India market stole the luxury brands than the Mercedes-Benz. In may, Benz India market sales volume increased by 59% to $ 381, again widened the gap with the latter. The first five months of this year, the Mercedes-Benz India market cumulative sales for 2025.

It is immediately Benz luxury car brand BMW Germany. In may, BMW India sales for 271 cars. The first five months of this year, BMW India market cumulative sales for 1892.

Ranked number three is Germany a luxury car brand Audi. In may, the Audi India sales for 200 cars, and over the same period in 2009, an increase of 121 vehicles compared to 65%. The first five months of this year, Audi India accumulated sales for the 1167.

In addition to the Mercedes-Benz, BMW and Audi this three stars, cheqi India local Tata 2008 has just acquired Jaguar Land Rover brand have begun adding India luxury cars battle for market share. 5 month, Jaguar Land Rover s luxury car sales year-over-year increase in India by 50%.

Turning to the India market development speed, Benz, Executive Director and CEO Wilfried Aulbur will be attributed by: Benz at the India market implementation of "strong" marketing strategy and to the end consumer's attention. Benz follow-up will also expand all the major cities of India sales network.

Aulbur views have been India's automobile industry experts. Experts believe that today these luxury car manufacturer in India market sales strategy taken enough to attract India middle class consumers.

According to the PWC automotive consulting business owners Abdul Majeed prediction: "despite rising costs, higher interest rates and other loan impeding factors, but affected by upcoming several new models-stimulating, India luxury car market will maintain an upward trend. It is expected that the year 2010, India luxury car market and sales will be an increase of 15%. ”

(Super car network)