* China -SAIC Buys $500 Million Stake in General Motors
Hong Kong,China -Agence France-Presse/Industry Week -Nov. 18, 2010:-- China's leading automaker SAIC Motor Corp confirmed on Nov. 18 that it had agreed to buy a stake in General Motors, as the auto giant prepared for one of the largest stock offerings in history... SAIC said its wholly owned unit SAIC Motor HK Investment Ltdhad acquired 15.2 million ordinary shares for $500 million, accounting for just under 1% of GM'stotal equity. The unit paid $33 per share and would raise all the capital from the Hong Kongfinancial market... SAIC said its decision to invest inGM was based on "confidence inGM's development prospects" ... GM has set a price of $33 per share for a stock listing that is set to garner at least $20.1 billion...
* Saudi Arabia - Saudi prince snaps up 1% stake in GM
Riyadh,Saudi A. -FT.com, by Bernard Simon (Toronto) and John Reed (London) -November 23, 2010:--Prince Alwaleed bin Talal al-Saud,the Saudi tycoon, has invested $500m in General Motors’ initial public offering, citing the Detroit carmaker’s global strength, especially in China and Brazil, and the attractive price of last week’s IPO... The investment, held by the prince and his Kingdom Holding company, amounts to a stake of about 1 per cent.The US government sold close to half its shares in the IPO but remains GM’s biggest shareholder, with 33 per cent... Participants in the IPO have yet to realise the quick bonanza that some had hoped for. GM shares fell close to the $33 listing price in afternoon trade on Tuesday, having reached a relatively modest peak of $35.99 shortly after last Thursday’s listing...(Photo: Motor City investor, Prince Alwaleed bin Talal al-Saud)
* Australia - CAT out of the bag
Tullamarine,VIC,Australia -The Herald Sun, by James Stanford -November 19, 2010: -- An old grader assembly plant at Tullamarineis now the home to the world's first CAT trucks, the production line where the first batch of CAT trucksare being assembled byNC2, a joint venture by US companiesCaterpillar and Navistar... CATwill soon launch the heavy-duty CT610 andCT630trucks, which are based onInternational models but haveCAT engines... All these trucks, more than 200, have to be built and fitted with a compliance plate by December 31 or they can't be sold in Australia... Apart from batteries and tyres, all parts are imported. The parts, fromthe USand Mexico, are sent to Springfield, Ohio, before being shipped here... More than 70 people are employed to assemble the trucks. Twelve engineers are involved and several people check quality... (Picture - Motor town: the CAT truck assembly plant where automation takes a back seat to hands-on production)
* Sweden - Volvo heavy truck deliveries up
Gothenborg,Sweden -Fleet Europe, by Michel Buckinx -24 Nov 2010: -- Volvo Truckshas announced that it delivered 68% more trucks throughout the world in October 2010 than during the same month last year.In Europe, heavy truck deliveries reached 3,442 units, against 1,810 in October 2009, an increase of 90%. Over the first ten months of the year, the manufacturer delivered 22,287 vehicles in Europe, an increase of 39% compared to the same period in 2009. Deliveries rose by 38% in October in South America, 93% in North America and 48% in Asia.
* Europe - Hyundai's trucks land in
Madrid,Spain -Hyundai News Room -16 Nov 2010: -- Hyundai’s HD-series commercial vehicles debut in the European market... Hyundai Motor Companytook its first steps to enter the commercial vehicle market inWestern Europe with the launch of its HD-series mid-sized truck (HD55 and HD65) in Spain and Portugal...The HD series model has beenKorea’s best-selling light truck since its launch in 1997. It is now sold in more than 100 nations and has received high reviews for its quality and reliability. The European model is a customized version of the original "Mighty"(In Korea, the truck is known as'Mighty') catering to the specific needs of European customers... The model launched yesterday is powered byHyundai’s proprietary F-engine, which meets the Euro 5 emission standards and boasts a best-in-class 118 kw (160 horsepower) with 588 Nm (60 kg·m) of torque...
And Last but No Less ... * Italy - Extreme off-roading! The wonderful armoured Iveco 4x4 LMV Panther
Video from YouTube, by roadtransport -26 Nov 2010:The official company video ofIveco Defence Vehicle's 4x4 Light Multirole Vehicle 'Designed to meet the challenges of an uncertain world'. The 190hp LMV is designed to protect its crew from a number of threats including armour-piercing bullets, shell splinters, mines and IEDs...
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