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General to give up European loans to use internal funding restructuring Opel





Integrated electric reported that GM (General Motors Co.) 16 June said that universal decided to cancel the European government loan guarantees and grants through the internal Opel in the form reorganization (Opel) and Vauxhall (Vauxhall).

General plan funding EUR 33 billion (approximately US $ 4 billion), the reorganization of Opel, common European automobile production and the number of employees decreased by 20%, respectively, and in 2014 launches a series of Opel new models.

Prior to this, due to the General credit rating is low, the common desire through European government loan guarantees access to low-interest loans. However, not long ago, Germany Government refused to provide loan guarantees to universal, common in Europe, the road becomes foreseeable future loans.

In view of the urgency of restructuring, as well as Opel GM's own financial situation improves, the General decided to give up seeking loans, grants and projects through completion of Opel at Headquarters.

The global automobile market of ice and fire two days in the United States and Japan increased strongly the European decline





May the global automobile market, there was joy. United States, Japan and other traditional market continuous growth and decline of the European automobile market has become increasingly clear, ice and fire two days.

In may, United States market for continuous eighth month-over-year increase. The overall sales volume rose by 19%. General Motors to 223410 sales and 17% increase are the largest United States sales champion. Immediately following common is automobile, Ford sold 196671 units, an increase by 22%. In the United States ranked top ten cheqi in addition to and BMW Toyota , major sales are rendered cheqi double-digit growth.

Domestic car sales in Japan for the tenth consecutive month-on-year growth, reaching 228514 units, an increase of 28%. Among them, Toyota Motor Sales for 112174 units, an increase of 39%; Honda car sales rose by 16%; Nissan is car sales rose by 9%. 5 month Korea market cheqi total sales volume increased by 28.3%, exports surge 42.1%.

Canada market is the main cheqi may achieve sales year-over-year growth. Ford rose 19%, to 26122, Chrysler rose 53% to 20887 vehicles, GM rose 15%, to 16454 vehicles. Spain 5-month new car registration 102873 units, an increase of 44.6%, rising 10% ring. Australia, new-car sales volume 89218 units, an increase of 19.9%. Sweden 5-month new car registration, for 24994, Volvo 37.2% rise in occupies the top sales.

India main cheqi may car sales full floating red. GM, Toyota, Tata rose 61% respectively, 54% and 41%. India's largest automobile manufacturer in Marilyn cerrutti global sales for 102175 units, an increase of 28%. It exports to 12134. 5-South Africa car sales rose by 49.2% to 38483 vehicles. In addition, the 5 month South Africa export car sales rose by 77.9% to 24179 vehicles.

Side is "sunny", the other side of the "cold pressing". Europe's biggest automobile market Germany had six consecutive months of sales on the decline. 5 month sales year-over-year decline in automobile market Germany 34% sold 252800 car, 1-5 month 128.2 million vehicles sold, up 28% decline in sales.

Italy 5-month new car sales occur this year for the second consecutive month, year-over-year decrease of 13.79% sold 163700. Italy brand car sales in occupies a total market 30.5% market share, an increase of sales volume decreased by 25.1%. France 5 month sales year-over-year automobile market by 11.5% sold 186268 car 12 consecutive months of sales increases for the first time, with France brand car sales fell by 8.9% year-on-year. Brazil may car sales for the second consecutive month, a link to 235674, ring has declined by more than 10%.