Ford Motor Co. - We remain good progress on the plan of transformation

The American Automobile company Ford Motor Co. going to save themselves from bankruptcy and to demonstrate the stability of the company through the additional issue of shares in the amount of $ 1.7 billion to $ 2 billion, writes the newspaper The Wall Street Journal.

Manual Ford believed necessary to attract new capital, despite the dissatisfaction with the existing shareholders, who fear erosion of their capital.

Implementation automakers shares "to inspire confidence in its people and future possibilities to avoid bankruptcy," said automotive industry analyst at Casesa Shapiro Group John Cassese.

Ford (as distinct from General Motors) has been able to negotiate with the union of the automotive industry to lower the cost of labor at $ 500 million a year. Also avtokontsern reduced its debt by $ 9.9 billion - to $ 25.8 billion, and cut interest payments by more than $ 500 million through a series of agreements with creditors.

"We remain good progress on the plan of transformation - increasing the share of the retail market because of superior new products, improve quality, reduce costs and prepare the return Ford to profitability," - said company CEO Alan Mulalli.

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German automakers Volkswagen AG and Porsche announced their intention to unite and establish an integrated team, producing cars under 10 different brands, including the brand Porsche. Thus, in the automotive market a new car giant, which is consistent with the logic of crisis on the desirability of mergers and acquisitions.

Representatives of the family Porsche and P'eha - owners of Brands Porsche, / Porsche brand in turn holds 51 percent shares in Volkswagen / discuss the proposal put forward by the executive bodies of Porsche and VW, and agreed that the two companies should be merged. In fact, Porsche is not going to achieve a merger. In 2008 year the company became the owner of 51 percent of Volkswagen through the options, while already in this year's acquisitions strategy merger strategy had to be replaced. Volkswagen, meanwhile, welcomed the decision of the shareholders. For the "half" Volkswagen Porsche overlaid MAWP about 23 euros. As a result of these operations, net debt Porsche reached 9 billion euro on the background of the unfavorable situation in the automotive market.

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