Posts Tagged ‘company’

Search of the central works of Air France

Posted in economic, economics, international, opinions, resources by admin on January 27th, 2010 | Comments Off

Reportedly, police officers went to the 1st and 2nd floors of the building located at Roissy where there are particular services management and staff. CCE Air France is at the heart of a financial scandal two weeks ago. An internal audit revealed in January 12 showed in handling the accounts and invoices which nature seems far from the object of a CEC. The audit begins by the "adjustments and prior period adjustments.These operations are likely to question the principle of matching income and expenses at the right time. "

Many people must be heard this week: the auditor of the company INA, which revealed significant shortcomings in the accounts, the auditor and Jean-Yves Quinquenel, head of the CEC transition responsible for facilitating the conduct of 'audit report and free credit score .

For its part, the CFDT-Air France and François Cabrera, whose management of the EAC is in question, talking in a tract of 25 January of a "cabal of destabilization" and indicated that "none of the parties involved, management of Air France, elected CCE, expert of the INA, auditors are not aware "of the launch last Thursday when the preliminary investigation by the financial police.

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General Motors to sell Hummer Chinese group Tengzhong

Posted in Uncategorized, economy, life, money, online by admin on October 12th, 2009 | Comments Off

A page in the history of General Motors (GM) is turning. The U.S. manufacturer has confirmed on Friday reached an agreement with Sichuan Tengzhong Heavy Industrial Machinery to sell it to the Hummer brand, owned by GM. Tengzhong Hummer will acquire through a subsidiary which will own 80%, while the independent businessman Suolang Duoji resume the remaining 20%. The transaction amount was not disclosed for now, but according to a source familiar with the matter, the sale is around 150 million dollars (about 102.3 million euros). But GM was estimated at 500 million (340 million euros) minimum value of the Hummer in its declaration of bankruptcy last summer. Tengzhong product including machinery for construction and infrastructure, but also for the energy industry.

General Motors had announced the day after filing for bankruptcy in early June, a memorandum of agreement with him to give Tengzhong Hummer, a hallmark that the American manufacturer considered "non-strategic" to its survival. Hummer does actually represents less than 0.5% of annual production of General Motors.

Very famous for their impressive size, the Hummer vehicle sales have plummeted in the United States due to rising oil prices and the consequences of the economic crisis. Very inefficient, these types of vehicles show an average fuel economy of at least 14 liters per 100 kilometers.

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BMW breathe again thanks to the Mini

Posted in business, economy, finance, international, special by admin on October 12th, 2009 | Comments Off

BMW returns to form. For the first time in 2009, the Bavarian group arrived in September to halt the fall in sales in the world. They have even increased by 0.7% last month compared to same period in 2008. A shy embellished the group owes less to its sedans and 4 × 4, whose volume fell by 1.2%, as his little Mini, which jumped 9.5%. This performance, after a decline in registrations of nearly 20% in the first half, restores hope to the manufacturer.

"Nobody knows if the trend toward recovery is sustainable," said Harald Kruger, director of human resources and industrial relations from BMW. But we are considering the fourth quarter of 2009 and next year with cautious optimism.We will be growing over the last three months of the year unless the economy does not turn again. "The group put on a sales decline of between 10 and 15% this year. This result would allow him, as he rose slightly in the red in the first half, a profit on the year.

Audi nibbles ground

Optimism is required for the historic rival, Mercedes. If sales are still down (from 6.5% in September), it is, in the Stuttgart firm, "the figure of the highest selling of the year." As for Audi, it was worse than its competitors in September (-6.8%), but nibble market share in nine months with a commercial decline of 7.5%, two times smaller than those of BMW and Mercedes.

If all three German manufacturers seem to have hit bottom, they rebound remains uncertain.Audi believes it does not find its volumes from 2008 until 2011. The market premium has been weakened by tighter environmental standards limiting their powerful vehicles emitting more CO2 than small builders general models. Meanwhile, the crisis slows impulse buying cars for statutory. In the medium term if the market seems doomed to shrink, "the premium segment as a whole should end the crisis reconnect with growth of around 5% per year, thanks to a shift from supply to smaller models" , said Sebastian Amichi, director of studies at the firm Roland Berger.

The example to follow is that of the BMW Mini, sold 232 000 copies in 2008, while generating margins. With this success, the group launched its X1 Munich, small 4 x 4 leisure."We are targeting new customers, who do not need a big car, but want to continue to be pleased," said Harald Krüger. Audi is preparing its response with its future small 4 × 4 Q3 in 2011. Some manufacturers GPs could also try to take advantage of this trend. It is betting that his small Citroen with DS3, a small model to ride on the beds of the Mini. Another avenue of growth is the launch of hybrid models which work on all manufacturers of high quality.