Archive for March, 2010

Volkswagen bougth the Porsche

Wednesday, March 31st, 2010

The manufacturer of luxury cars, Porsche (Porsche) accepted the offer of Volkswagen (Volkswagen) the two companies to merge. “People’s Car ‘will pay around 8 billion euros, which will be indebted company razplati a majority of its creditors, transmits Reuters.

The merger will be implemented in two stages, the final details of the transaction will be discussed at a meeting of the Supervisory Board of Porsche on 23 July.

First Volkswagen will acquire 49.9 percent of the manufacturer of luxury sports cars, however, the holding company of Porsche will retain its autonomy.

Forthcoming reshuffle and the tops of the Porsche.

The paradox here is that Porsche actually owns the majority stake in Volkswagen. Rumors of change in the roles of the two companies were already in yeast. Subsequently it became clear that the Porsche is not ready to swallow this humiliation, if we are to acquire all’s car and approached the Qatari government funds for financing.

Previously Porsche had punished Germany after CEO laughed at the opportunity to seek government rescue loan, and lent money to owners,

GM received three offers for Opel, Magna wants a larger share

Saturday, March 27th, 2010

The American owner of Opel (Opel) - General Motors (General Motors - GM), today officially confirmed that the three companies compete for the German avtokontsern: Magna (Magna International), RHJ International group of Belgian and Chinese state company Beijing Auto (Beijing Automotive Industry Holding Co), transmit Reuters.

The surprise came from Canadian-Austrian group would achieve an agreement in principle with the General Motors takeover of Opel. From Magna intend to share parts of the German automaker with his Russian partner Sberbank. Accordingly, they have changed the proposal and now they want 55% of the company komantirat to anonymous sources familiar agency. Planning and staff cuts.

This Magna is trying to show the German government that Opel will get many years of independence from U.S. giant.

The plans of the Belgian RHJ does include cuts 3 900 jobs by 2014, 2 200 of which are in Belgium, and none in Germany. The company offers 275 million euros for 50.1 percent of Opel.

The final offers will be considered by General Motors and a decision will be taken after consultation with those affected by the sale of Opel countries and a representative of the European Commission and the Vauxhall factory in Britain.

Germany hopes to have the worst word in the final and not hiding their affiliation to the Magna, even more so by the German government is expected to allocate over 4 billion euros loan to the new owner of Opel, and to provide government guarantees.

Expected reshuffle at the top of the Porsche

Thursday, March 25th, 2010

The chief executive of Porsche Wendelin Videking and CFO Holger Herter left the company informs BBC.

Videking decision of the board is coordinated with the Porsche, in connection with the transaction with Volkswagen (Volkswagen). He will receive a bonus of around 50 million euros, some of which will be devoted to social foundation.

Videking will be succeeded by the current director of production Michael Macht. Thomas Edig, which in turn is dealing with human resources, will be his deputy.

Earlier than Porsche announced that they are increasing capital by 5 billion euros, but did not specify whether the money will come from Qatar and that the emirate will receive shares in the company in exchange for funding, writes “The Financial Times”.

56-year-old Videking joined Porsche in 1983 and left in 1988, three years later returned and chief executive of the loan in 1993. Under his management during 90 years of last century the company was one of the most profitable in the world but now its debts amount to around 9 billion euros.

Sales of luxury car manufacturer were seriously affected by the crisis, and between August 2008 and April 2009 were made in Germany with 28% fewer cars compared with the same period a year earlier.

Airports in Varna and Bourgas recorded drop in passenger flights in 2009

Sunday, March 21st, 2010

In 2009, regular passenger flights to and from Varna airport were transported a total of 281 thousand passengers. In comparison, in 2008 passengers were 322 thousand, thus registered a decline of 12.7 percent. It was clear from statistical data on passenger travel on international flights conducted in 2009 by the airport in Sofia, Varna and Bourgas, a reporter of FOCUS News Agency.
Bulgarian airlines are shipped to and from Varna Airport 64 thousand passengers in a share of 22.8%. For 2008, the data is 70 thousand passengers and 21.7% share. Foreign airlines have shipped 217 thousand passengers in a share of 77.2 percent, and in 2008 the data are 252 thousand passengers and the proportion of 78.3%.
In 2009, regular passenger flights to and from Bourgas airport were transported Total 219 thousand passengers. Which is a decline of 12 percent from 2008 Bulgarian airlines have shipped 9.8 thousand passengers to and from the airport in Burgas Title by 4.5 percent and for 2008 the data are 6.1 thousand passengers and a share of 2.4%. Foreign companies have shipped 209.2 thousand passengers at a share of 95.5%. The 2008 data showed that passengers are 243 thousand passengers and 97.6% share.
Major carrier on scheduled flights for foreign airlines is Wizz air, with 81 thousand passengers transported and the proportion of 37% of passengers carried on scheduled international routes from and to Bourgas.

Check concessions for airports in Bourgas and Varna

Saturday, March 20th, 2010

Ministry of Transport, Communications and information technology expertise will award the concession of the implementation of programs for airports in Bourgas and Varna.
Office published on the website of the Official Gazette an announcement about the contract to perform accounting and technical expertise to the implementation of investment plans for 2008 and 2009 will be set and the period of implementation of outstanding investment approved plans for immediate improvement and annual investment plans for 2007 will serve as a base contract for the concession of civil airports for public use in Bourgas and Varna.

More 400 thousand Honda retreat cars in USA

Thursday, March 18th, 2010

Honda announced that draw more than 400 thousand cars in the U.S. because of a defect in the braking system. For the second time within a month the Japanese company withdraw their cars, because of manufacturing problems.
Cars to be withdrawn from the market, the models are “Ulysses” and “Elamant”, produced in 2007-2008. According to the complaints of customers of the brake pedal is soft or trigger system almost touched the floor before. So far in the U.S. have registered three incidents associated with this defect, but no death, informed bTV.
One month ago, Honda withdraw from the U.S. market more than 420 thousand cars produced during the 2001-2002 year, after he was found fault with the air bag on the driver’s seat. Earlier and Toyota retrieve their cars for mass production defects.

Audi step on in China

Wednesday, March 17th, 2010

The company opened a new production line with a capacity of 100 thousand cars a year in the city of Changchun, which will double the total production in China
Luxury brands under the umbrella of the Volkswagen Group (Volkswagen) Audi (Audi) has sold a 11 per cent more cars in China in the first half, or 66 866 cars, officials said.

In June alone realized the biggest market for Audi cars are 28 percent more, or 13 265 thousand pieces. Last year sales hit the mark in Podnebesnata 119 598 units.

In this context Audi plans to double production volume of cars in China to 200 thousand pieces per year. The company opened a new production line with a capacity of 100 thousand cars a year in the city of Changchun, the investment is estimated at over one billion euros. Also planned opening of 16 new showrooms.

Audi accept construction of a new plant as a strategic step in developing its presence in the Chinese market is barzorazrastvashtiya that surpass even the U.S. by number of cars produced and sold last year. Projections indicate that by the end of the year over Chinese will buy 10.7 million cars, while U.S. cars will be realized in less than 10 million.

Despite the expansion of the Chinese market, however, Audi predicts that by year-end sales of the brand will be thrown down by 10 percent to 900 000 cars made.

Renault with new models

Tuesday, March 16th, 2010

Renault expands sportiness models created based on the Twingo, Clio and Megane with new small roadster with a hard roof exclusionary.
Wind roadster was officially presented in Geneva.

Technically it is created based on the Twingo. Most interest in Renault Wind is undoubtedly the design of the roof.

Instead of complicated folding mechanism from Renault have found a much simpler and cheaper solution, covering only one part (instead of two as in standard folding hard top).

The roof opens and inserts back into the rear lid for 12 seconds.

As expected Renault Wind will have a base 1.2 Turbo engine with a power 74 kW, it will have a version with the 1.6 16V with power 98 kW, known by the Twingo Renault Sport.

The car has a length of 3830 millimeters, and the wheels are size 16 or 17 inches.

Renault now on display company promotional video of the Wind, which I imagine we do.

IP video surveillance of Burgas airport

Sunday, March 14th, 2010

Completing the system for IP video surveillance of Burgas airport, which is the third stage of the monitoring system of Fraport Twin Star Airport Management AD. The first stage was built and runs the monitoring of common areas, a second object on a remote nablyudnieto SML airport Varna. Cameras used to monitor the external areas are AXIS 214 PTZ outdoor, selected because of the possibility of movement, greater range of varifocal lens Sensitivity low and high resolution. Internal cameras are used AXIS 211 and 221, as places are important to use the second model because of their ability to record with up to 45 frames per second for each resolution. For network equipment are selected devices on Cisco, as the leading manufacturer in this field. Specificity in the construction of the three sites are remote from the center for monitoring cameras and the inability to spend a cable to them. This requires the use of wireless devices Cisco AeroNet1310. For greater certainty all wireless links are duplicated. To record data were used servers IMB3850 five 300GB disk, and each server is not recorded more than 40 cameras. Management software, cameras, visualization and adjustment of the record is MileStone Enterprise, chosen because multisarvarnata platform and the ability to record and monitor neogrnichen number of cameras. With its aid in a single center for monitoring all cameras are visualized by airports of Varna and Burgas.
Rad CT Group has extensive experience in building network solutions including wireless, from 7-8 years and build video surveillance systems, has certified specialists Cisco, Milestone, etc.. Which makes the pioneers in the development of new IP based video surveillance systems.

Magna will fight to the end, improve the offer for Opel

Saturday, March 13th, 2010

Negotiations between General Motors, the german representatives of government and the Belgian group Magna RHJ International, which is a favorite of the Detroit giant is continuing for now - no concrete result
Germany preferred Austrian Canadian group Magna (Magna International) decided to race to the end of Opel (Opel), transmit Reuters.

Magna has submitted to the U.S. owner of Opel - General Motors (General Motors), a new and improved offer for the German car company.

Canadian-Austrian group proposes to invest 350 million euros from its own funds in the Opel factory at this - heap, issued an anonymous source close to negotiations for the deal, told Reuters.

The previous bid Magna offered to invest 100 million euros in the German corporation of two tranches of 50 million euros, the agency recalled.

Negotiations between General Motors, germanskoto representatives of government and the Belgian group Magna RHJ International, which is a favorite of the Detroit giant is continuing for now - without concrete results. Chinese state company Beijing Auto ((Beijing Automotive Industry Holding Co) is “finally drowned in the Danube”, recognizing that the failure of its bid.

Germany before more than a month on signing of the agreement in principle, stated a preference for Magna, supported by the Russian Sberbank, although the company asked for higher government guarantees. General Motors, however, could not agree on intellectual property.

Americans saw in the Belgian group the opportunity to return Opel in better times, because of RHJ not claimed ownership of production technologies.

Croatia ready for product it’s first car

Friday, March 12th, 2010

Project cost now runs about 10 thousand euro. In 2010 the Zagreb company D Dok-ing “could begin serial production of the first Croatian car.

Small, only 260 centimeters long car for two people, was made by the chief engineer and company owner Vekoslav Mayetich.

The car currently working with the name “DXD” will be driven by electric motors with batteries of a new generation who Ensuring move up to 250 kilometers. Intended to speed 120 km / h as aggregates likely the company will supply the city of Tema Pula.

The roof of the car will be of special glass, but ultimately the final decision will give constructor with a view to the safety of passengers.

Currently the option is launched and management mechanisms can be moved from left to right side of the front of the car.

Value of the vehicle will depend on the type of batteries because it is the opportunity for installation at a significantly cheaper lead batteries.

However, the project cost now runs about 10 thousand euro, in order to meet the high criteria of the near future for noiseless and clean cars.

Peugeot predicted 12 percent downturn in the European AUTOMARKET

Thursday, March 11th, 2010

Recovery of the sector the company expected only in 2010
The French car giant Peugeot Citroen (PSA Peugeot Citroen) predicted a decline of 12 percent of European car market for the year.

Recovery of the sector the company expected only in 2010, the global transmit agencies.

AUTOMARKET forecast for the Old Continent by both Peugeot announced its financial results for the second quarter. Concern surprised analysts with a greater than expected operating loss of 826 million euros (1.17 billion dollars).

For comparison, in the like period last year Peugeot reported a profit of 1.12 billion euros.

The company, however, believe they will be able to increase their market share, because the realization of their vehicles remained stable for the severe economic conditions.

Toyota expects sales growth for the first time this year

Wednesday, March 10th, 2010

Japanese automobile giant Toyota (Toyota Motor Corp.) Published today forecast that the company sales are likely to increase in August, ITAR-TASS.

The last thirteen months considering Toyota’s sales decline under the impact of global economic crisis.

The company hopes mainly on its hybrid model Prius (Prius), whose popularity has been growing strongly, after Japanese government cut road tax for owners of environmentally sound cars.

Toyota some time ago published a report on drop in production during the first half of the year with 40.6 per cent. For six months of its conveyors went to 3 million cars.

The level of sales fell by 26.6 percent and automotive giant losses approached 437 billion yen (4.4 billion dollars), recalls the ITAR-TASS.

Incentives for consumers will bring higher sales for Ford

Tuesday, March 9th, 2010

Ford (Ford) will consider its first monthly increase in sales from November 2007 onwards in the U.S. in July, largely due to the government program to encourage purchases of new cars, officials said.

The company expects its first year and increase sales.

In an interview with the agency company representatives commented that this is a good sign for the U.S. economy. According to them, the land of unlimited opportunity has not gone out of “deep hole”, which fell, but was about to “crawled”.

Ford was the only American avtokompaniya that does not come into bankruptcy court and did not require state aid to survive. Concern was presented extremely well against the other Detroit giants and reporting much smaller loss and better sales in recent years.

Government incentive program launched on 24 July and provided assistance amounting to 4 500 dollars when buying a new car and transfer the old for recycling. The scheme has a total value of $ 1 billion and could cover the sale of from 222 to 286 thousands of new, more environmentally friendly cars.

Expected because of the impact of the program, although it was released recently, sales of new environmental and fuel-efficient vehicles to take into account growth in July. This will become clear in the final monthly sales reports, which will be announced on Monday.

The crisis brought prices down of second hand cars

Monday, March 8th, 2010

The financial crisis has brought prices of used vehicles to their real values, indicates a consultation among avtotargovtsi BTA.

Before the economic crisis car imported from abroad to earn around 2 000 euros, and now no more than 500 euros, complaining avtotargovtsite.

Now mainly imported cars to order. Of potential buyers are offered several offers on the Internet, he chooses, give money to one week and his car was brought.

Then, for registration in CT numbers of Bulgarian and are paid around 100 euro.

The new owner must be prepared and 200 leva for mandatory civil liability insurance, which depends on the CC of the car.

Almost as buyer will fork and ekotaksa without which can not be registered vehicles.

AUTO EXCHANGE We are glutted with old cars found reportage BTA test.

Prices will continue to fall, because cars are offered several times more than the buyers, said a trader who imports cars from Germany.

United States expanded the program to encourage the purchase of car

Sunday, March 7th, 2010

The U.S. Senate will likely approve the extension of the scheme to help purchase a new car with $ 2 billion by the end of the week, Reuters reported.

Only for the month of the program failed to support the sales of motor vehicles in the U.S.. “Additive” to the program was approved by the House of predsatvitelite last week.

According to Senator Harry Reid, approval will be given as the program has enough supporters. He added that the issue would be addressed by the end of the week, the idea is to be solved case study on Friday - the last working day of the Senate before the traditional holiday.

Federal officials offer 4 500 dollars for an individual wishing to purchase a new efficient and eco-friendly cars and to forward the old for recycling. Data from the Department of Transportation, the program has supported the sale of 160 000 new cars only from 1 July onwards.

By June, bent over and tightening lending portfolios auto industry literally breathed his last after sales collapsed to historically low levels.

Americans, however, prefer to rely on foreign production cars. In the top ten manufacturers in preference when buying a car on state aid scheme, includes six overseas companies. Leader is Toyota (Toyota) with models Prius, Camry and Corolla, followed by Honda (Hond) models with Civic and Fit.

Thirdly, the preferences of American consumers is ranked South Korean concern Hyundai (Hyundai) with a model Elantra. By U.S. automaker Ford made a serious breakthrough (Ford), presented by the Escape and Focus.

Magna won the race for Opel

Friday, March 5th, 2010

Germany expects that the transaction will be approved by the Governing Board of the Opel truncated one-sixth of robotnite jobs in Europe
 Opel will make a small car and a hybrid model
 Germany and Spain join forces against the massive cuts in Opel
General Motors (General Motors) agreed with the Austrian-Canadian group Magna (Magna International) and its Russian partner for the sale of Sberbank Opel (Opel), Reuters reported, citing CEO of Magna.

The agreement, however, does not mean that the Belgian group RHJ International has gone out of the game, the agency said. The chief negotiator from the Detroit giant John Smith commented that the company also managed to agree with the Americans.

Deutsche government, which had overwhelming support of the Magna, it is expected that the transaction will be approved by the Governing Board of the Opel as soon as possible.

Magna has reached an agreement in principle for further Opel in late May, but because the corporation claims ownership of technology for producing General Motors tip to the Belgians.

In the race include state and the Chinese company Beijing Auto (Beijing Automotive Industry Corp), which, however, failed to hold it to the finish of the race.

RHJ was preferred by General Motors played a real possibility for Americans to redeem German corporation in better times. Germany, however, not her manners this option and the politicians have done everything possible to influence the transaction with the advantageous offer for the German side.

Program money against old cars awakes Ford

Thursday, March 4th, 2010

U.S. car manufacturers Ford (Ford) reported an expected increase in sales due to successful government program “Money against lizzie, Reuters reported.In this connection, the company plans to increase car production and to meet growing demand. Detroit giant intends to make a car with 6 000 mark FOCUS (Focus) during this quarter. Wayne factory, the state of Michigan, and we’ll be increasing the working time for another extraordinary change Saturday.

The plant in Kansas City, Missouri, will produce even with 3 500 more than the car models Iskeyp (Escape).The actions of Ford led to an increase in car production in the third quarter of fiscal year in the U.S. (second in 2009) with 18% or a total of 495 thousand units. The aim of the concert was in the last quarter of the financial year to spend on the market 575 thousand cars, or 33 percent more than last year at this time.

Ford is among the companies sales champions thanks to a government scheme to boost sales of new cars in the United States. 16% of transactions with Ford cars are made precisely for this program. Detroit’s market share in the giant country of unlimited possibilities at the moment is 13%.The corporation is the only automaker in the U.S., which does not require state money to his rescue and managed to escape myself from the swamp of crisis.

Sets an eco- Trabant

Wednesday, March 3rd, 2010

Trabant successor should be, which spares the environment.

The International Motor Show in Frankfurt, which will be held from 17 to 27 September, will be presented a new version of the legendary model project to a consortium of companies, DPA quoted by BTA.

The new model will be presented as an electric car suitable for city and suburbs, argues Ronald Gershevski for DPA, Director of the Saxon company producing specialized avtomobili IndyCar, confirming information from the media.

Besides the electric engine, the design includes solar roof panels. Probably the vehicle will find use as rent a car in Bulgaria

According to plans, the modern successor of the cardboard car will do, as a time iztochnogermanskata automobile brand accessible and practical for the masses.

The company is considering to launch more models on the market in 2012, notes Gershevski. So far, the plan provides for new cars to be produced with funds from the consortium without public funding.

Between 1975 and 1991 in Zwickau produced about 3 million Trabant. Although then-stroke car was faithful companion of the citizens of the GDR, it is not environmentally friendly enough. This shortcoming should be rectified in the successor model, DPA notes.

General Motors and Saab have agreed

Tuesday, March 2nd, 2010

General Motors has finalized its agreement with the “mini” Swedish carmaker Kynigzeg (Koenigsegg Automotive) for Saab (Saab), today writes “The Financial Times”.

According to previously agreed terms, Americans will continue to provide technological Saab for a certain period of time as far Kyonigzeg commit to a modest amount as an investment in the brand, reported the newspaper’s unnamed sources close to negotiations on the deal.

Both companies are expected to sign the agreement in principle today. The Swedish government is to approve loan guarantees, and to find other sources of funding.

According to the Memorandum of Understanding signed in June, the European Investment Bank (EIB) has agreed to grant 600 million euros of guarantees against Sweden, recalls the publication.

General Motors and failed to win from the Swedish brand, as sales are very weak. Last year were made only 98 000 cars.

Kyonigzeg founded in 1994 by entrepreneur Christian von Kyonigzeg makes custom luxury car for around 1 million each. The company has a modest capacity, and this raises doubts whether she can cope with the problems of Saab.

Saab launched the procedure for reorganization and separation from General Motors on February 20 this year. Cabinet of Sweden, however, refused a rescue loan to the company and await the restructuring plan of the American owner of the luxury brand.