Tuesday, October 7, 2008

GM applied confirmation that it will sell the HUMMER and the France factory

Borst expresses GM's financial controller Walter On 9th at the end of this month , is applied or used universally between 2 billion ~ 4 billion U. S. dollar planning the change gear factory , Walter Borst selling the fierce horse brand and Strasbourg being applied or used universally in France formally expressing the value being applied or used universally considering the assets selling in course of.

This has news report to fit in the front, the inclination being applied or used universally gives China , India or Muscovite enterprise in the person being sold , enterprise at present does not respond to but in an open manner. "Selling part assets is not able to affect GM's strategy plan ". Borst expresses Walter when attending Germany bank Leveraged finance convention.

Borst investment website being readjusted oneself to a certain extent having been member of GM in the filmstrip that the institute uses in giving a lecture has stood Walter. Data being applied or used universally estimating that faction sends out propagating selling the fierce horse brand and the France change gear factory being applied or used universally on October. France change gear factory employee about 1300 people who at present, is applied or used universally.

But since already being in deficit state, the American vehicle sells as early as the stage gliding, be applied or used universally automan has all come across flowability other as well as beautiful the inadequate fund problem, is applied or used universally from three kinds way raise funds have announced one plan on August. Be to comply with the disbursement cutting down 10 billion U. S. dollar in cost respectively; By the fact that assets sells acquisition 5 billion U. S. dollar; And continue arriving at bright end of the year borrowing money, more assets being applied or used universally on this fourth quarter may possibly have sells.

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