Detroit (Michigan, USA) - 19/11/2010 - 3B Tips - Daniel Akerson, appointed just before filing an 'IPO last August has fulfilled its mandate with the success with the return of stock
General Motors (GM) on November 17 record which was prepared long before.
opportunity for the group of emancipated the U.S. state that had subsidized during the crisis and demonstrate the ability to support themselves alone. He thus decided to exchange 478 million shares sold for a price of 32-33 dollars per share. Employees, retirees and dealers have been able to buy shares when the return on the stock exchange for a minimum investment of 1000 dollars. Revenge for those who had to part with many of its brands to survive: Pontiac, Saab, Hummer ... The symbols that had been its success since its inception in 1908, Michigan State Auto. Only Opel and Vauxhall remain under the thumb of General Motors.
$ 49 billion to recover from
Usine Nouvelle, the return on the stock exchange GM also allows Obama to turn a page in the economic crisis. By supporting two manufacturers legendary Detroit, Chrysler and GM, with aid reaching over 49 billion dollars, the U.S. government took a majority stake (61%) stake in General Motors.
spokesman for the White House, Robert Gibbs, said the government was hopeful of eventually recovering the entire amount invested in the rescue of the manufacturer. The latter, which has already started reimburse the federal government, intends to raise nearly $ 22 billion during its return on the stock market.
"The public offer will begin to do two things, explained the spokesman. First reduce our share in GM and then we start to get the money to save good jobs in the United States ".
Following the IPO, the U.S. Treasury could see its share capital of GM reduced to 43.3%. The Canadian State, the American union UAW and other creditors might also see their shares decline.
For the record, GM was also vehicle supplier for the Defense
In 2003, when GM was asked if the army was interested in a vehicle with increased autonomy, and with high electrical power onboard, the U.S. military had said yes. The same year the branch GM Defense formed in 1950 was sold to General Dynamics Land Systems Division.
This pickup was a compendium of best technology and was made apparently without any cost constraints. Drawn from a standard GM pickup, 4-door and long wheelbase (Chevrolet site), the vehicle receives is the most visible, a raised suspension and a cell at the rear, and it does not show a continuously variable transmission Allison incorporating more electric motors. GM does not say how many, and the only other info is that the NiMH battery pack voltage is 300 V, leading to a gain in consumption between 25 and 40% from the same pickup equipped with a gasoline engine, while the hybrid uses a V8 Duramax Diesel ® (6.2 liters and 210 hp at 2750 rpm).
Turning to the CAP, it is back in the cell, and is not used to propel the vehicle. Its function is to answer silently and without large heat release, the growing need for electricity on the ground. Visible on the photo below, it is in the metal cabinet in the back of the soldier, and provides jusqu'5 kW for 3 hours to allow all sorts of locating operations or transmission of data.
Developed by Hydrogenics (including GM was a shareholder at 24%), this system includes a fuel cell and an apparatus for carrying out an electrolysis of water. So when there are more hydrogen, just put some water and start the diesel engine, which features a powerful generator provides the electricity needed to produce hydrogen. It is not even expected to add hydrogen, it does nothing else but water, and the product is then stored in metal hydrides, which contain a mass of hydrogen is equivalent to 1 % of their weight. Is very low but we must not forget that this vehicle meets the requirements of military combat gear.
This is his name. FIGHT, Commercially Based Tactical Truck. GM will deliver multiple copies the U.S. military after the fall, and the military will then launch a test program sustainability on the ground for 18 months. If the tests were inconclusive, the Army had ordered 30 000 copies.
BB
Source: Usine Nouvelle, cleanauto, Army Logiscian
