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Secretly they advance negotiations in Detroit
Anxiety and suspense in dialogue GM-Chrysler |
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Workpeople of General Motors of the ancient plant of Janesville, in Wisconsin, during a change of shift, also are in expectation of a possible agreement with Chrysler.
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Tom Krisher
AP
In the worst stage that has gone so far as to be contemplated in this city – the traditional center of the self-propelled world American - the company General Motors Corp comes to an agreement with Chrysler LLC, there supports the vehicles production Jeep and the mini-vans and eliminates the rest of the company.
Tens thousands of 66.409 employees of Chrysler lose his works while GM, that desperate search to obtain liquidity, cuts the duplicated operations away and gets rid of not lucrative models. The factories close and also the business dedicated to the sale of vehicles and close the offices of the buoyant head office of Chrysler, in the suburb of Auburn Hills, in the north of the state.
Andre Thibodeaux does not want to think about this possibility. He is the general manager of Lellís, an elegant restaurant of meat and of Italian meal placed close to the tower of Chrysler, of 15 apartments, which obtains self-propelled half of his business lunches of the manufacturer and of the derivative business.
" I cannot imagine that they make the building empty, or change it or should sell it, not at all that does not even look alike to him", stands out Thibodeaux. "Auburn Hills in general has been constructed about this building", he adds.
They perfect agreement
Although it should sound like something out of the imagination, the analysts of the industry he says that GM will not have any more options to reduce costs if he acquires to flagging Chrysler of his current owner, the private signature Cardinal Cerberus of New York Management LP.
Two companies support negotiations for months, but the rhythm has increased recently. Cerberus wants to go out of the motorcars business and the credit markets have frozen, while GM, worried because it has liquidity small before it improves the self-propelled market in the United States, wants to acquire the Chrysler reservations.
A person related to the negotiations said on Friday, the 17th that the conversations have progressed up to a point that the principal executives of both companies have thought that the agreement must be refined. The person spoke granting not being identified because the conversations are secret.
Current situation
In August, Chrysler affirmed that it had accumulated 11.700 million dollars in cash and gesticulate until June 30. This number continues in about 11.000 million dollars, although the sales of Chrysler lowered 25 per cent until September, the biggest loss of any important manufacturer of motorcars.
Meanwhile, GM, with head office in Detroit, loses more than 1.000 millions a month. The analysts think that next year will come at minimal operations level in cash from 14.000 million dollars. The sales of GM have lowered 18 per cent and the company has lost 57.500 million dollars in the last 18 months, although big part of that comes from nominal countable changes.
The Chrysler liquidity might solve the problem of GM of absence of cash if it continues the credit freezing.
Both companies have had to deny bankruptcy rumors in the recent weeks, alleging that the people would not buy motorcars of a company that seems that it is going to fail.
Pero GM and Cerberus are still very far of coming to an agreement, according to the source, and the GM meeting apparently is not desperate.
It is the suspense of a consolidation what drives many people to despair in Michigan, which has already lost more than 400.000 work places from 2000. His unemployment valuation was 8,7 per cent in September, the biggest of the country; meanwhile GM, Chrysler and Ford Motor Co. keep on reducing costs.
| After winning “from top to top” the Big Award of China |
| Lewis Hamilton already caresses the title of F-1 |
Chris Lines
Shanghai, China / AP
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The racing car McLaren-Mercedes led by the Briton Lewis Hamilton goes to the goal of the circuit of Shanghai before the applause of the tens of thousands of Chinese spectators.
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Impeccable and treated of mishaps, Lewis Hamilton stayed on Sunday, the 19th to a step of world champion of the Formula one was crowned
The British pilot of McLaren dominated from top to top the Big Award of China, taking the victory in a career almost without incidents.
Hamilton overcame in 14.9 seconds of advantage the Brazilian Felipe Massa, his direct rival for the crown of the world cup that took the second place for a courteousness of the Finn Kimi Raikkonen, his team-mate Ferrari, who gave him the free route so that it was exceeding it in the final part.
The victory allowed to Hamilton to stretch to seven points the difference with which it marks the step in the pilots' championship for lack of the Big Award of Brazil inside the calendar.
" I have not thought yet about it, of close that I am", Hamilton declared when they asked him on having the title within reach of the hands. "Today I have given one more step, but we have to avoid the euphoria", it pronounced itself.
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Lewis Hamilton (to the center), winner of the Big Award of China, together with his big rivals, (left) Felipe Massa and Kimi Raikkonen, greets from the podium in the circuit of Shanghai, on Sunday, the 19th.
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Points in game
What it spends is that Hamilton remembers vividly that one year ago, on having come to Brazil, had the same margin on Raikkonen, but, on having tried to exceed the rival and a flaw of his gearbox, an ill-fated maneuver relegated it to the seventh position. Raikkonen ended up by being proclaimed a champion.
Leaving aside the coincidence of the points, Hamilton has served in salver the possibility of turning into the most precocious champion in the history of the F1.
The only way that Massa could reach the title is that the Brazilian achieves the victory and that his McLaren rival is not located over the seventh position. Also that Massa remains second and Hamilton does not plunge points.
Not more errors
" We are in a very difficult position, but we all know that any thing can happen", he declared Massa. "We have to be still animated, with the forehead in high place. This has not ended. In Brazil we can have a better racing car that here".
" I feel as if we were in a definition for penalties of a world cup of soccer. We trump the first two auctions, while another team turned them, so we cannot already commit any more errors and hope that they should do three ".
Ferrari can console in the one that has almost stingy the crown of the builders' world cup, on having extracted 11 advantage points to McLaren, courteousness of the abandonment of Heikki Kovalainen, Hamilton's team-mate.
The Pole Robert Kubica (BMW) came to Shanghai with light hopes to obtain the title, but it closed sixth and with it he said goodbye of the fight.
After his successive victories in Singapore and Japan, the Spanish Fernando Alonso (Renault) represented quarter, forward of the BMW of the German Nick Heidfeld y Kubica. The German Rip-off Glock (Toyota) entered seventh and the Brazilian Nelsinho Piquet remained with the last point.
" This fourth position does not do any more that to confirm the last good careers", Alonso declared.
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Izda.: Lewis Hamilton standing on his McLaren-Mercedes, celebrates his victory of Sunday, the 19th, which it obtained from beginning to end. Dcha.: Chinese models wait for the beginning of the pilots' stop, before the career for the Big Award of China, in the ultramodern circuit of Shanghai.
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The career
Hamilton started well from the pole and he was the leader from the beginning up to the end.
" It was big beginning, one of better that I have had this year, what was necessary", said Hamilton. "Hence from now on it was basically easy".
Raikkonen was second almost the whole career, before 50 transferred the position to Massa in the return to keep alive the hopes of title of the Brazilian.
" Lewis had the best car the whole weekend", admitted Massa.
It is prohibited between the teams to transfer positions of way debated to a partner, but Raikkonen decelerated in two returns so that Massa was reaching him and was stopping behind before recapturing the same impulse.
" I cannot inhale the title", he declared Raikkonen. "Know for what the team looks and I am glad to obtain the biggest quantity of possible points”, he told then.
Hamilton did not bother.
" There are a team. I would have done the same if Heikki was first", the Briton declared.
The victory was Hamilton's ninth one in his careers and this period managed to obtain the most rapid return for the first time. It obtained the combination of victory, the most rapid return and pole position for the second time in his career after gaining the GP of Japan last year.
| Volkswagen presents his most recent version |
| They discover the future Golf GTI |
Paris, France
Agencies
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Ulrich Hackenberg, chief of the department of development of Volkswagen, presents in the Lounge of Paris, the new prototype Golf GTI that enters production in 2009.
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The German builder of motorcars, Volkswagen, presented the new prototype of the version GTI of the model Golf, who will take place from next year and will have a potency of 210 horses, with a 7.5 liters combined consumption for every 60 covered miles.
Also, the German company was exhibited for the first time by the sixth generation of his model Golf, who has a consumption even of 28 per cent low that the previous version, thanks to his most efficient new engines that expire with the future regulation on emission “Euro 5”.
Also, the new "Golf" – that also is exhibited this October in the Lounge of Paris - it can be equipped with the help system to the parking 'Park Assist', the system of automatic regulation of the distance or with the electronic adaptive suspension.
New Passat
On the other hand, the company, with head office in Wolfsburg it showed the "Passat" with minor emission of the history, "Passat BlueTDI" that will be commercialized during the next exercise and that expires already with the regulation on emission “Euro 6” that newly will enter validity in 2014. This model has a catalyst combined with the additive AdBlue that allows to reduce "significantly" the nitrogen oxide in the leakage gases.
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A visitor takes pictures of future VW Golf GTI on the first day of presentation to the press in the Lounge of the Motorcar of Paris.
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New "Passat BlueTDI" mounts a mechanics diesel that develops a potency of 143 horses, which it completes, according to the type of bodywork, up to 0.3 liters per miles less than a conventional TDI. This way, this model consumes 5.5 liters in his version “Variant“ and 5.2 liters in the standard motorcar.
Other of the models that were presented by the mark during the Lounge of the Motorcar of Paris, was the second generation of "Passat Bluemotion" that is provided with an engine of 110 horses, which expresses 128 grams of dioxide of carbon per covered kilometer, all this in the version car of four doors, while in the "Variant" the consumption is 4.9 liters and the emission rises up to 129 grams per kilometer.
Tall Volkswagen officials announced that the production of the sixth generation of the “Golf GTI”, a model of that the company has sold 1.7 million units from the throwing of the first generation, it should begin in the next spring.
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