Posts Tagged ‘Automotive industry’
Chrysler Paid Its Billion State Debt
When the crisis seriously threatens the big three U.S. automakers, namely General Motors , Ford and Chrysler , had to resort to a bailout with government money. The only company that does not accept the State aid was Ford , determined to endure the situation from its own resources, but the other two gladly welcomed the measure.
This time, he blew his turn to Chrysler to pay back the loan in full. Owed to the government a whopping yankee 5,900 million dollars, and 1,600 million Canadian dollars.
In total, the amount totaled 7,500 million dollars, approximately 5,300 million euros. Paying all of a tug ³ n, avoid the tremendous interest of 300 million annually. This sum is used to avoid bankruptcy, and the goal has been met happily. Chrysler already reaping economic benefits.
The giant Fiat was also a savior of the group, and his reward is more than juicy. Of a few are increasing their participations, and are starting to reach 46% to 86%, which will be practically the owners of Chrysler .
Jaguar and Land Rover have Factory in India
It was a predictable step after the industrial giant Tata Motors acquires ownership of Jaguar and Land Rover . Finally both brands and have own factory in India. but at the moment is not exactly a whole plant but a jointer.
Located in Pune, in the Region of Maharashtra, where his first task will be to handle the Land Rover Freelander 2. It would be received from the United Kingdom dismantled cars, as if it were LEGOS. They are then assembled according to strict quality processes common to the mark, under the close Supervision ³ n expert technicians from Europe.
We know that the Land Rover Freelander 2, SUVs expected, will be on sale only in TD4 and SD4 versions priced from 3,389,000 rupees (Indian currency) but excluding taxes and enrollments.
Land Rover made its first dealer in India only in 2009, and has been experiencing strong growth that goes hand in hand with increased local market.
For an upstart on issues in the automotive industry may be moving cars rarely unarmed from the UK to India, but if they do should be more economically advantageous economic instead of assembling them all in the European region.