Undergone a procedure of bankruptcy American automobile company General Motors announced it would return to profit of its European Opel division to profit in 2012, reported the British radio BBC. Michigan manufacturer for this purpose will pour 1.9 billion to restructure Opel, which is three times more money than originally announced. Currently, GM has asked the European Commission, which allow the countries in which cars are produced by the mark, to grant guaranteed loans amounting to 2 billion euros. The amount is by 700 million euros less than the previous similar inquiry by the U.S. manufacturer. GM plans over the next 5 years to put 11 billion euros in the development of new models complement the British media. Only this year have provided the prime ministers of eight new models, a new next four. By the BBC noted that the increase in funds provided for Opel, might prove difficult political task.
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The sales of new cars increased dramatically in France, Italy and Spain in February, thanks to government programs for the replacement of old cars with new, summarizes agency Reuters. However, manufacturers and importers expect a decline in sales because money earmarked for these programs are on the decline is likely to be allocated new funds. Aggregated data by Reuters show that sales in February in France increased by 17.8 percent, to 179 926 cars in Italy – with 20.6 percent, to 200 560 cars, while in Spain – by 47% to 91 281 car. Sales grew in February and is due to the pattern of “demand at the last moment, when buyers wait for the last possible moment to take advantage of the promotions industry. This usually happens after stocks finish and importers and producers decided to drop in prices dramatically, but only 50-60 unsold cars. Such promotions are not always associated with government programs, noted representatives of sectoral associations from France and Italy. “At the moment, at the beginning of March is observed exceptionally meanly level of orders, which is an indisputable sign of the dire situation in which would become the Italian car market in the coming months,” predicted Representative of the Italian association of foreign car manufacturers UNRAE. Data Organization show that despite the good indicators for February compared to January 2010, but on an annual basis – February 2010 compared to the same month a year earlier, sales have fallen by 35%.
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