GM returns to Wall Street, the SAIC invests 500 million U.S.dollars to purchase 0.97% stake
GM returned to Wall Street, GM’s financing of this scale is likely to end, which is larger than the previous Agricultural Bank of China listed, which creates the most new record all othe world. Today, Shanghai Automotive announcement said that, a wholly owned subsidiary, Shanghai Automotive Industry Investment Co., Ltd. Hong Kong invests 500 million U.S.dollars to purchase 0.97% stake in General Motors.
GM’s worldwide recall of 1.5 million vehicles
8, GM announced on its Web site, there is fire hidden due wiper systems, companies are worldwide recall of 1.5 million vehicles.
The recalled models General from 2007 to 2009 for the production of cars, trucks and sports cars, including other Keangkelei, Buick Lucerne, Cadillac CTS, Cadillac DTS, Kai Leide, Kay Red ESV, Kai Leide EXT, Chevrolet Avalanche, Chevrolet 3500, Chevrolet Suburban, Chevrolet Thai tiger, Chevrolet Traverse, Acadia, GM Sierra, GM Yukon, GM Yukon XL, H2 Hummer and Saturn Outlook (Saturn Outlook).
GM said the recall of about 1.5 million vehicles in the United States has 1.365 million, Canada 98 000, Mexico 26 000, while about 38,000 were exported to other countries.
GM said the recall notice, the recall of vehicles currently no casualties were reported. Is committed to the owners of the recalled models of compensation one hundred U.S. dollars each, and remove the original car wiper system.
EU efforts to prevent the insolvency risk of GM Europe
U.S. auto giant General Motors Corp. the brink of bankruptcy, the Atlantic (15.05, -0.05, -0.33%) across Europe holds a Khan secretly. GM bankruptcy in order to avoid leaving patients in Europe, the EU member states are seeking to strengthen internal coordination, the establishment of a “joint line of defense.”
The European Commission announced on the 28th, the EU’s 27 member states of economic or industry minister on the 29th will be held an emergency meeting in Brussels to discuss how to coordinate the response to GM bankruptcy, a concerted effort to save GM Opel Motor Company and other affiliated companies in Europe. European Commission Vice-President and member of Enterprise and Industry Gunter Verheugen’s spokesman said that the meeting was aimed at each other informed and to seek to enhance coordination.
GM makes the brink of bankruptcy the company’s fate of European companies increasingly worrying, especially the plight of the already bogged down in the Opel car company. At present, the GM in Europe, a total of three brands, namely in Germany, Belgium, Poland and Spain are equipped with the factory Opel Motor Company, based in the United Kingdom vauxhall car companies and based in Sweden’s Saab Automobile Company The total number of employees is estimated at about 55,000.
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