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Fiat will increase India auto parts procurement volume





Super cars news, comprehensive foreign coverage Italy car manufacturers Fiat (Fiat SpA) recently said that Fiat will increase from 2011 onwards in India's auto parts procurement volume.

Fiat in May 2008 in India established procurement offices. Fiat planned in 2011 in India procurement value 2.5 million auto parts. But affected by financial crisis, the decline in the global automotive needs. As of now, Fiat India parts purchasing 1 billion total reached only.

But Fiat India procurement office Niraj Hans said recently: "Fiat will 2011 implementation 2.5 million procurement objectives. If you do not have a financial crisis, we may exceed this target. ”

Hans also indicated that Fiat also plans to increase the 2011-2014 period India parts procurement volume. But Hans did not disclose concrete figures.

In addition to Fiat, France automobile manufacturers Reynolds car recently said that Renault will intensify in India's auto parts procurement volume.

Mahendra will enter the United States become the United States first India Cheqi





An integrated electric super car, India automobile manufacturers Mahendra (Mahindra

General Motors 3 years first announced earnings reborn twilight sex





--New York, 17 May (reporter Wei XI) headquartered in Detroit, GM announced on 17 July for the first time in three years, it is also profitable as General Motors since last 1 June announced bankruptcy protection for the first time after the dawn of "born again" unfoldment.

In the first quarter of this year, the General earnings 8.91 billion quarter revenue increase of 40%, with more than 10 billion in cash flow. General Motors Vice Chairman and Chief Financial Officer Chris ・ RIEDEL said, "our first quarter performance, especially profitable recovery. ”

General Motors last year due to financial distress, which required large amounts of borrowing to the Government and sold under the brand, announced the launch of bankruptcy protection. Now less than half a year, common not only begin to ahead of United States and Canada Government borrowing, there is a surplus, the United States automobile industry have a field day. United States automobile industry sources said, GM is still "weathervane", this should be regarded as United States automobile industry an important sign of recovery.

General purpose says restore profitability thanks to debt bankruptcy reorganization period, as well as cost cutting, as well as strong sales of new cars ". Universal also special mention "from the fast-growing Asian and South American markets receive additional income."

With the United States automobile sales slow recovery, GM CEO Whitaker has estimated that General this fiscal year will recover profits, which may contribute to the company by the end of this year public offerings of stock, and all United States Government reimbursement from last year's $ 50 billion of assistance.

To date, the United States has paid for General and Canada total 82 million loan to the Government, the United States Government still owns universal 61% of the shares.

(The Chinese news network)

A quarter of universal net profit of $ 8.65 billion profit





General Electric, General Motors recently announced that General Motors in the first quarter of 2010 for 8.65 million net profit, compared with General loss of $ 59.8 billion. This is common in 2007, earnings for the first time since.

In the first quarter of this year, the United States market automotive demand recovery and a surge in Chinese market demand stimulation, General Motors global yield an increase of almost 57%; global sales reached 200 million units, an increase of 23%.

Benefit from the increased demand and increased production, the first quarter of this year, General Motors, revenue grew by 40%, to $ 314.8. As of the end of the first quarter cash flow from General Motors to 357 billion.

General Motors CFO Chris Liddell said: "Although in the next few months the proceeds from the production expansion will be gradually reduced, but there is still a very General Motors hopes in 2010 annual profits. "But Liddell did not disclose specific expectations.

Mentioned common IPO timetable, Liddell said, when the universal itself and the market you're prepared, universal IPO naturally occurred.

Trade-in policy ends April the European new car registrations decline





Super cars news, comprehensive foreign coverage of European Automobile Manufacturers Association (ACEA) has recently published data show, because European countries trade-in vehicle allowance policy expires end of April, the European new car registrations was 10 months since the first slide, up down 7.4% to 1,134,701 vehicles.

Germany trade-in vehicle subsidy policy in September 2009 has ended. April Germany's new car registrations declined 31.7% decrease in occupies the top of the EU countries.

Despite the strength declined, but France trade-in vehicle allowance policy implementation is still in April. Benefit from this, France April were up new car registrations increased by 1.9%.

4 months by 2010 the European new car registrations rose by 4.8%, but with the first four months of 2008 compared to a declined 11.6%.