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Common investment of 100 million for research and development of new technologies and business models





An integrated electric super car, GM will invest $ 100 million to set up a named General Motors Ventures LLC subsidiaries. The subsidiaries will be specialized to General Motors automotive research and development of new technologies and business models.

General Motors announced on June 4, General Motors is currently investing in research and development field of new technologies some cars, as well as some new business models, these investments will provide General Motors provides innovative technology.

GM global product planning Vice President Jon Lauckner will be responsible for the investment project. Follow-up to General Motors, he will be responsible for the Group's overall strategy of the Vice-Chairman of the Board of Directors member Stephen Girsky reporting.

(Super car network)

Renault announced that the Korea SsangYong motor lodge formal acquisition applications





CRI's hearing according to foreign media reports, Reynolds Motors 7 June confirmed to the media, a subsidiary of Renault with the Korea and Reynolds- Samsung Nissan partners together has officially to Korea SsangYong motor company acquired application was submitted.

In funding shortfalls experienced operational difficulties, SsangYong motor company in the first half of 2009, officially declared bankrupt, is currently in Korea Government under bankruptcy protection. Last week, SsangYong motor company acquired on six submitted applications for competitive procurement party conducted due diligence to determine whether the Party six bidders have acquired SsangYong motor company's capital adequacy.

In addition to Reno, the other five home buyer to Korea private capital fund enterprise investment company in Seoul (Seoul Invest), Daewoo Bus Company (Daewoo Bus), India Ma la de motor company (Mahindra

5 month Korea imported car sales increased 35.4%





Super cars news, according to reports, Korea Hanlianshe imported Automobile Association (KAIDA) on 4 June, 5 month in Korea domestic sales of imported cars (to register vehicles) totalling 7193, ring than reducing 0.2% but increased 35.4%.

At the same time, this year 1 ~ 5 month in Korea domestic sales volume of import cars 3.4318 million units, an increase of 54.5%.

By brand, may import car in sales, BMW two consecutive months champion (1472), followed is Benz (1063) Audi , (744) mass , (680) Toyota , (648) Honda , (482), Nissan (334), etc.

Of these, the best-selling cars BMW 528, sales of $ 713. Followed by Toyota qamri (496) and Mercedes E300 (475).

Import Automobile Association representative Yoon Dae Sung (tone) said: "thanks to the emergence of new brands and some brand new vehicle, Korea imported cars registered number three months to maintain the average monthly level 7 thousand vehicles. ”

(Super car network)

Opel will receive Government of Spain 3 billion euro aid





CRI news Spain Aragón autonomous local Government announced this week a foreign, Spain's Central Government and local government in the autonomous region Aragon has decided to General Motors under automotive sector Opel, scale up to 3 billion euros (contract 3.582 billion)

Aragon local government issued a statement on its website says: "the Central Government in the autonomous regions of Spain and the Aragon government agreements, we have agreed to provide a maximum of 3 Opel billion euros of aid funds. ”

Earlier General Motors has expressed the wish that the requirements of the European Governments to their European Opel departments provide assistance to complete a costly restructuring programmes. Data display, this programme will allow Opel cuts the production capacity of approximately 20%.

General Motors has stated that restructuring will cost Opel total or will reach 37 million euros. Universal has external commitments provide for Opel's reorganization of 19 billion euros, more than half the cost.

According to media reports claimed that Germany Ministry spokesman Sarah Schneid also on December 7, said Germany Government Steering Committee will meet on 9 June, talks to whether Opel to discuss issues relating to provide assistance. Germany, in accordance with the plan, the Minister of Economic Affairs brewood Lei (Rainer Bruederle) will make a final decision on the aid scheme. It is reported that the main content of this discussion will be the General Motors from Germany's Federal Government for about 11 million euros of loan guarantees.

Earlier, to provide loan assistance, Opel brewood Lei has attitude, strongly disagreed. He said that for Opel's qualifications he doubted. It is understood that Germany has General Motors in 2009, the final decision to retain their European business but feel angry because common after a few months before denying consultations to agree to the Opel sold to Canada auto parts maker Magna International (Magna International Inc) and two partner OAO Sberbank Russia and OAO Gaz. Germany has promised that if Magna's acquisition of majority stake in Opel, the country will be the new Opel company providing government assistance. (Yi Hai)

Ford expands Lincoln portfolio four years pushed the seven new models





Super cars news, comprehensive foreign coverage United States automobile manufacturers Ford car plans to expand its Lincoln brand portfolio, and plans in the next four years to launch seven new models, including a small car.

At the end of this year, Ford will launch its change subsection paragraph MKX crossover vehicle 2011. Then Ford will launch six new models. Ford will in Lincoln series new models V-6 engine, installed on State-of-the-art, high fuel efficiency and derailleur EcoBoost engine.

Ford is planning to present under the Mercury brand resources transferred to the Lincoln brand. Ford plans to fully stop at the end of this year all of the production of mercury and gradually turn the brand.

(Super car network)