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General appointed Marketing Director of the new Buick





Super cars news, comprehensive foreign coverage universal s Buick-GMC brand marketing Vice President John Schwegman on 12 April announced that the company decided to appoint Roger McCormack, Director of marketing for Buick and the appointment will take effect immediately.

McCormack, aged 44 years old, in 1989 to join the universal group, serving as General under the Chevrolet brand area manager. McCormack then also served as a generic product development, marketing and market analysis and other sector leadership positions. McCormack in his Buick Marketing Director before served Cadillac United States Sales Director, and Hummer Saab brand marketing leader, head of marketing strategy, product planning, product pricing and promotional measures.

Schwegman said: "Roger McCormack at Cadillac, Hummer and Saab in Office, he is well aware of the luxury car market, with a broad range of products and marketing experience, can help to achieve the transformation of the Buick brand. ”

McCormack will be responsible for the Buick brand marketing strategy and product planning.

KRW continued high modern record stock price declines





Super cars news according to the report, April-pengboshe 12 numbers, won against dollar set since September 16, 2008, the highest since records , Korea modern car share prices, nearly 11-week high of the highest decrease was recorded.

2010 April 12, won against dollar mid-price increased to 1,111.38. Modern stock prices declined 5.5% on the same day, to every unit 119,500 won (about $ 730) ; modern subsidiaries car share price KIA day declined 5.6%, to $ 25,500 won (about $ 156).

Since Korea's Central Bank is expected to improve the economy, won 18 months in a row, intense, 18 months, a new high. Won consecutive strong lead modern and Kia car exports decreased significantly. While the modern automobile exports accounted for half of its total sales. In addition to the modern and Kia, Korea other exporters of the stock holders also suffered a loss.

In 2009, benefit from automobile quality improvement, marketing plan and won against the US dollar exchange rate was relatively low, modern and Kia global sales rose to 463 million, record history.

Korea Daewoo sales company insolvency applications submitted





Claims by the Korea Development Bank, led mission 8, announced that the Korea Daewoo Motor Sales Corp as unable to repay the debt due within this month, and on the brink of risk, in the morning to his debt restructuring for mission.

Daewoo Motor Sales Corp claims mission on December 14, will convene a meeting of this agreement apply to discuss voting, such as 75 per cent of debt finance enterprises agree that the company will be restructured.

Korea Development Bank is the Daewoo Motor Sales Corp's major creditor banks. Row 7, said that 50 per cent of debt financial firms agree to Daewoo Motor Sales Corp deferred repayment of the debts, was deferred until the time of provisional credit mission agreement as of the date of the meeting.

Daewoo Motor Sales Corp in 1993 from Daewoo automobile sales section, become Korea's first automobile sales specialized company. The disintegration of the Daewoo Group in 1999, Daewoo automobile sales company for corporate restructuring for the first time, after the November 2002 proposed reorganization application again. If this application is approved, the restructuring of its debt repayment period will be extended for three months, during which the claim against the company will be listed, and how to resume normal operation. (Old pottery collection)

Brazil or beyond Germany recently expanded the cheqi Brazil at a glance





As the global economy, a warming of the automobile market demand, the cheqi from the financial crisis of haze out of own funds operational capabilities have been greatly improved. In order to meet market demand, and re-start the expansion before does not implement the dream, recently announced the cheqi have expansion around the world.

According to the world famous consulting companies IHS Global Insight and J.D. Power

Fiat CEO said that Peugeot-Citroen or merger operations





CRI news Italy automobile giants group Fiat (Fiat SpA) CEO Madge Mahoney (Sergio Marchionne) said that the European automobile industry in the new round and merger will involve PSA Peugeot Citroen company, which is currently France's largest car manufacturer.

Majhi vangioni in an interview this week, said: "the European automotive industry to a new round of merger is likely to occur in France. Peugeot Citroen tried to with Japan Mitsubishi Motors Corporation to cooperate in the future, so they may also be sought with other car manufacturers. ”

As Europe's second largest automobile manufacturer, Peugeot-Citroen company and Mitsubishi Motors of convertible cooperation negotiations in the last months of the bankruptcy. But both sides said, even if no change unit transactions, both sides still will deepen the cooperation in other areas. And Peugeot-Citroen company remain independent strategy, its local competitors Reynolds and its related parties company Japan Nissan company has 7 April announced and Germany automobile giant Daimler company for a swap transactions to deepen in various fields of cooperation.

Currently, Peugeot-Citroen press spokesman dufol (Hugues Dufour) declined to Marge Mahoney said comment.

2009 June, the Fiat company participated in the United States automobile manufacturer Chrysler bankrupted the company, and get a 20% stake in the latter. Majhi vangioni in five months before that, many of the automotive industry that Fiat and Peugeot Citroen should be merged. Majhi vangioni noting that acquire Chrysler shares only Fiat company consolidation strategy.

UBS analyst Hugh Jos (Philippe Houchois) Monday said: "If Fiat and Peugeot Citroen to merge, then this transaction is consistent with the logic of industry, at the same time also to the shareholder benefits maximized. ”

Currently, headquartered in Italy Turin Fiat company car annual output of around 200 million units, at the same time, Chrysler production in 2009 to 130 million units. On the other hand, according to Marge Mahoney made into global automobile manufacturer's goals, its consolidated companies yield at least 500 million units. With these two companies, Peugeot-Citroen in 2009 global sales reached 320 million.

As of this week, a European market close, Fiat stock price 0.7%, reported earnings per share