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CEO of the world leader in automotive Toyota  Akio Toyoda warned that the problems of the automotive industry will drag on for another two years, informs Reuters.

Akio Toyoda present a new strategy of the company, under which avtogigantat will focus its efforts on operations in North America, rather than wasted time and money for more than one focused on production and sales.

Toyota expects to realize a loss again this year, which ends in late March 2010 and aims to cut all unnecessary costs to get rid of low production and profit came even using 70% of its production capacity.

According to the forecasts for the current financial GW Cody will report even greater loss - about 850 billion yen. The aim of the new CEO is to avoid such a catastrophe for the third corporation.

Toyota also has no intention to close factories and industries, and will last up to fight for what promised Akio Toyoda.

According to statistics, the decline of major industries has found a bottom, but recovery will be extremely slow. In the U.S., the main and most profitable market the company’s sales of new cars, sank 38% this year so far.

China will likely block the deal between Sichuan Tengzhong Heavy Industrial Machinery and General Motors for Hummer  inform the world media.

Reason for decision Podnebesnata are considerations of the country in terms of environment, told the BBC, citing information from China’s state radio.

According to the Chinese government, Hummer brand does not meet the country’s plans to reduce pollution and emissions.

For negotiations between General Motors and Sichuan Tengzhong Heavy Industrial Machinery ratsbra be in early June, but have not discussed some specific parametripo possible transaction.

When the General Motors announced the sale of the Hummer last year, they expected to receive about $ 500 million. Analysts, however, that avtogigantat unlikely to succeed and earn $ 100 million from the deal.

Questioned as the new owner of the Hummer company Sichuan Tengzhong Heavy Industrial Machinery specializes in the manufacture of machinery and equipment in road construction, energy and housing.

The ambition of the company to significantly increase its market share in our sea capital Varna as the largest market for new cars after Sofia

 
On June 1 the official distributor of Peugeot - Sofia France Auto, stepped in Varna through its subsidiary Sofia France Auto - Varna.

Sofia France Auto is presented in Varna from your dealer Finskom “since 1993, this office is paviyat Peugeot (Peugeot) outside Sofia.

The ambition of the company to significantly increase its market share in our sea capital Varna as the largest market for new cars after Sofia. In 2008, realized Peugeot 201 new cars in Varna, representing 4.9% market share, against a 7.6 percent average for the country.

In the next two years Sofia France Auto plans to double its sales in Varna. The company intends to invest heavily in marketing and advertising and increase customer confidence in after sales and servicing.

In 2006 Varna opened new trade and service center Peugeot - one of the first and largest in the country, built on the concept of Blue Box. Sofia France Auto - Varna will be hosted on the same basis.

The investment strategy of Sofia France Auto is focused on continuous development of commercial and service network and improve customer service brand. Company’s network currently includes 3 commercial service center in Sofia and 20 offices in the country.

In early May, opened their doors to new Blue Box complexes in Sliven and Dobrich. By the end of the year will open two more Blue Box complex - in Pleven and Pazardjik. It will soon begin construction of the largest commercial and service center Peugeot in North Bulgaria - Veliko Tarnovo.

The official presentation of Sofia France Auto - Varna to Clients and journalists will be this year

More than half of the creditors of General Motors also support the Sales out of the assets of the corporation
Federal Judge of the U.S. Bankruptcy Court will decide the fate of some of the most valuable assets of General Motors (General Motors) the so-called “New General Motors” (New GM), founded by the government, Reuters informs.

The judge ordered the case to be given the necessary documentation and will decide by 10 July - the date after which the government no longer supports the global financial industry emblemaichnata company.

Yesterday in court were heard and a group of opponents of the sale of assets of General Motors ‘new’ company. They called the deal be blocked and stop overt nationalization of the automotive group.

The management company does is firmly convinced that the sale is the only outlet avtogiganta because they do not expect General Motors to make any money this year.

More than half of the creditors of General Motors also support the Sales out of the assets of the corporation.

Meanwhile, the project cost of the two-seater car big detroytskiya - PUMA, produced within the 60-day period for restructuring topped the list of the most absurd business decisions in the first half of the year prepared by the magazine “Fortune”.

The car, which is more like rickshaws, run at 35 miles per hour and needs recharging every 35 miles.

Qatar offered 7 billion (9.8 billion dollars) for the stake in Porsche (Porsche), which will allow Germany’s luxury car company significantly reduce its debts, reported AFP and DPA.

The offer was made on behalf of the state investment fund of Qatar (Qatar Investment Authority - QIA) of Porsche Holding (Porsche Holding IS), which owns a majority stake in VW (Volkswagen), indicating a bank source said Friday.

Porsche has accumulated debt of 9 billion for the purchase of shares and stock options last year in the tender for the acquisition of the largest carmaker in Europe, Volkswagen. She won the majority of the shares, but not control it.

Qatar, which negotiated for weeks with Porsche will receive over 25 percent of shares and options for holding shares in Volkswagen, which were previously owned by Porsche, says Der Spiegel, said.

Moreover, Volkswagen, offering to buy 49 percent of the automotive business of Porsche to enable him to discharge the debts to increase its offer “considerably more than 4 billion euros initially offered to between 3 and 4 billion notes Der Spiegel.

Sofia, Bulgaria- 50 flights at Sofia Airport were canceled today, according to the consultation on the airport site. From taking off have been canceled flights to Vienna, London, Brussels, Budapest, Munich, Prague, Amsterdam, Paris, Frankfurt, Warsaw, Zurich.

For the aircraft to depart late afternoon, still no information. Certainly have been canceled flights to Vienna.

Aircraft took off were for Madrid, Rome and Athens. Run the check for Moscow.
From landing are canceled flights from London, Budapest, Vienna, Brussels, Munich, Frankfurt, Warsaw, Paris, Amsterdam, Prague, Budapest, Zurich.

Aircraft have arrived Burgas, Varna and Athens. Is expected to land and aircraft from Moscow.

At this point in Bulgaria at Sofia Airport is only open, but has canceled morning flights. Information on the site of the airport shows that the canceled flights to Munich, Prague, Istanbul, Vienna. It is not clear how to proceed during the day. Will most likely be served on certain flights destinations for which the airspace is open.

Bought tickets for specific flights should check the information in advance. Airports in Varna and Burgas at this stage remain closed, expected in the afternoon’s work to recover.

From 23.00 pm on Sunday Plovdiv airport also stopped taking flights. Volcanic cloud over Bulgaria will. Currently, he moved to Western Ukraine. In places it is possible to rain translated with different chemical content, but it does not affect our country, weathermen said the Institute of Meteorology and Hydrology, BAS.

Volkswagen triumph with the prize for “Green Car of the Year during the annual awards of the New York International Auto Show in Manhattan, thanks to models with BlueMotion technology implemented.
59-member jury chose BlueMotion (implemented in Polo, Golf and Passat) the other two finalists in the category - Honda Insight and Toyota Prius.
“BlueMotion is one of the most successful technologies in the world, evidence of high competence in finding cost-effective solutions for Volkswagen”, says Prof. Dr. Martin Vinterkorn, chairman of the board of directors of Volkswagen AG.
The award was presented in New York, Walter de Silva, chief designer of the Group Volkswagen Group.
As part of the annual World Car awards, category “Green Car of the Year” has become one of the most prestigious and important of its kind. Due to the complexity of evaluating green technology initiative of the Governing Council has selected three experts for this purpose. Their task was to make a detailed review of all documentation and specifications submitted by the candidates and select finalists in the category, judged by the jury during his second stage in February. Each member of the jury gives its vote based on their professional experience and observations throughout the year.

Belgian group RHJ International, which in 12 5 is not included in the race for Opel (Opel), has offered 275 million euros (387.6 million dollars) to 50.1 per cent stake from the German manufacturer of motor vehicles, transmits Reuters.

The document provided further production cuts and the salary of staff. U.S. owner General Motors (General Motors) may retain 39.9% stake in Opel and staff will hold 10 percent, according to the offer.

RHJ plans to cut staff by about 9 900 people, close to the German avtokontsern plant in Antwerp, Belgium, in March 2010 and reduced the capacity of four plants in Germany. Belgian group expects to save 300 million euros per year.

Requested by the Belgian government guarantees amounted to 3.8 billion euros, while the Magna (Magna International) - supported by Germany government - seeking 4.5 billion euros.

With this plan, which is a bit “lighter” than the Magna, RHJ hopes to break the political support for the Canadian-Austrian company. However, this will hardly happen, since the mere Chancellor Angela Merkel announced for Magna, supported by the Russian Sberbank, during a visit by Russian President Dmitry Medvedev in Germany at the beginning of the week.

The reason is that the company has informed the Government in time for the defect in the accelerator pedal. Because of this defect the company started withdrawing from the market of 2.3 million cars from the U.S. and worldwide total to over 9 million.

Producers are obliged to inform the corporate regulator within five working days if they find a defect related to safety.
According to the Ministry of Transport of the United States through documents obtained from Toyota, the company knew of at least nibble pedal in September 2009.

The requested amount will be the largest fine ever car manufacturer by the U.S. government. The previous largest fine was $ 1 million for GM because of the failure of the windscreen in the pattern of 2002-2003.

Toyota withdrew the second half of 2009 several models - Corolla, Camry and Avalon.