[Windy]

Original article in Chinese: http://biz.163.com/05/0712/02/1OE729AR00020QGP.html

Applogies for the poor translation:

Notes:
Above the steam group = SAIC
South the steam group = Nanjing
Luo trust = MGR
(to use the poll go to the original article)

Translation:

Above the steam group limited liability company (next calls " above steam") once again appears the theatrical favourable turn to the Luo trust long purchase document. Once took above the steam purchase partner Nanjing automobile group company (next called " south steam") the now became above the steam stock competed buys Luo Fu Di match.
Yesterday, south the steam group propagandized Minister Liu rather lives to " first finance and economics daily paper " reporter confirms the above news, and called this time competed buys indeed not and above the steam cooperation. According to England " Financial Times " estimates, south the steam quoted price in (approximately is equal to the Renminbi 400000000 ~5 hundred million Yuan) 40000000 to 50000000 pounds.

The English media states, if above the steam and the Luo trust negotiations once more is defeated, will be responsible for the Luo trust is entrusted with the matters concerned property management company Pu China forever says very will have the possibility the Luo trust sold to south the steam, above the steam up to now only was proposes the purchase to the Luo trust engine factory. But the Pu China forever will say (PwC) denies the at present has selected the more superior bid view, expressed cannot have what new movement in recently two days, will make the final decision before this weekend. Some news state, above steam Mister the Chen rainbow urgently has at present gone to England for this matter negotiates.


The net easy trade to report
South the steam puts aside the steam

" Most early is the Chinese early morning company supinely melts with the Luo trust contact, at that time both sides had initialled the agreement. But after USA, supinely melts Luo Fu introduces gave south the steam." Knows the circumstances of the matter the public figure indicates to reporter, " south the steam in discovers oneself fund is insufficient under situation, also Luo Fu will introduce gave above the steam."

In June, 2004, above the steam group and the Luo trust automobile signs the cooperation agreement. But the intent agreement which achieves both sides reports in the above steam when the country sends changes the committee, south the steam to the above steam, the Luo trust own casts aside 开单 the dry procedure is quite unhappy. Also just because south steam " 搅局 " lets steam and buys Luo trust item sends in country changes committee certainly does not have very quickly to be approved. On this February 22nd, English finance Minister Braun borrowed visits China opportunity and the country sends changes the committee and buys the Luo trust item on the above steam carries on the exchange.

Above the steam interior public figure discloses said, after above the steam reaches the agreement with the south steam, decides above steam loans 1000000000 Yuan for south steam, and in will prepare in the tenable joint venture on the steam holds the stock decides as 50%, south the steam decides as 20%; The preliminary designation drafts, south the Nanjing Jiangning development zone and Wuxi from the above steam meter steam group production base these three candidate chooses one achievement Luo trust automobile domestic production base.

But, south this time the steam put aside the steam alone sends out the purchase to the Luo trust complete property invites. According to England " Financial Times " reports states, south the steam background is NickStephenson, namely original Luo trust parent company phoenix holding company's one four trustees.

Reporter understands, south the steam aspect also retained the Luo trust item in its Jiangning base uses, but regarding this, Liu rather lived does not hope to discuss.

Some knows the circumstances of the matter the public figure states, south the steam at present although the situation is not good, but Jiangsu Province just adjusted Nanjing municipal party committee original Assistant Deputy Secretary Wang Yao Liang holds the post of south steam new chairman of the board. South the steam eagerly is seeking the growth spot, also purchased the Luo trust regards as stands up from failure the turning point.

The Chen rainbow anxiously goes to England

Purchases the Luo trust one matter, knows the circumstances of the matter the public figure confirms to reporter, above the steam group last week end was competing with one England the sign cooperation side carries on the negotiations.

This cooperation side is English financial group ProjectKimber as well as in front of the Ford Europe company which David - James leads chief executive officer Martin - Ritchie (MartinLeach) under flag one purchase tool Ma8ma. According to reporter understands, ProjectKimber, the Ma8ma these two financial groups all attempt in to purchase in the Luo trust and above the steam carry on the cooperation, after they hope can restore Luo Fu the production continues with the above steam establishment joint venture, and (Luo trust locus) will turn the long bridge future Luo Fu grinds sends, the design and the high end passenger vehicle production base.

David - James is the famous enterprise escapes the sleepy expert, but the Ma8ma leader is several European automobile company like luck top grade front senior administrative personnel, their proposition all involves Luo Fu the big scale restores the production as well as above a steam greater fund puts.

" The long bridge foundation place again restoration, will form the value chain link with the above steam domestic production base the reasonable layout." One English media analyst calls.

According to the foreign news dispatch reports states, above the steam and the David - James's negotiations before this already burst, David - James thought Luo Fu the brand price was 40000000 pounds, but above the steam suggested, was only willing to pay 20000000 pounds for the production line. In recent one negotiations,

David - James also indicates, with above steam already cooperation possibility, because above the steam refuses to pledge will have to purchase the Luo trust property within the future three years the arrangement.

South steam new proposal

The previous Sunday, one transportation alliance general labor union's English biggest trade union Secretary General Tony - Woodley (TonyWoodley) takes a stand says, supports the steam competes buys the Luo trust, but is not south the steam. Above the steam competes buys to the employment as well as the sago 德兰 area possibly is the miracle. Compares under, south the steam has the possibility transports the Luo trust automobile equipment loading China, nearly does not leave behind any thing.

Regarding competes it buys talks into is shifts the Luo trust employment opportunity to China's view, south the steam gave the retort. " We compete buy are the production, the design and the technical ability retain in England, because south the steam goal is becomes in Europe has the suitable service scale the global enterprise." South the steam aspect like is the expression.

Competes according to the south steam buys the plan demonstrates, it will maintain the Luo trust company at England 1000 to 2000 employees, will include the designer, the engineer and the production line worker, these workers will make the racing bicycle and the upscale passenger vehicle. But in China's production base, will make by the Chinese factory production middle and small scale Luo trust passenger vehicle, and finally will complete the assembly in England.

Yesterday, reporter in light of this interviewed when steam President managed, above the steam aspect to the south steam bids refuses to make the commentary.

England " Merdeka " thinks, if the Pu China forever will say will sell to the Luo trust south the steam, will very possibly cause south the steam and above between the steam one legal dispute. Above the steam already obtained the Luo trust two kind of vehicle types in last year by 67000000 pounds prices 25, 75 and the engine intellectual property rights. Above the steam has explicitly indicated, to any not will pass through its permission then re- produces these automobiles the factory files the legal lawsuit.

Also some knows the circumstances of the matter the public figure analyzes to reporter, sends in the country changes the committee under the coordination, at present domestic only has the steam, south steam two to Luo Fu proposes competes the price, therefore both sides cannot appear the too intense battle. But regarding this, above the steam, south the steam all is not willing to make the commentary.

The trade votes
You think who can unexpectedly buy in the Luo trust wins?

Above steam
South steam
Other

[ Voting result ]

This voting beginning and end time:
2005-07-12 to 2005-08-19

 

[PonteLad]

I'm sure this means something

While I think about it, I'll have a couple of pints of whatever you're drinking Windy, it looks like good stuff

 

[Windy]

I'm sure this means something

While I think about it, I'll have a couple of pints of whatever you're drinking Windy, it looks like good stuff

I think it needs several reads and plenty of beer :beer2: - there is a lot of info in there!

While I am posting, here is some info on Magma:
Magma are Welsh !

Magma Holdings Limited was registered on 27th April 2005 at an Abergavenny office. The Magma website gives the name Magma Holdings Limited but with a London address - looks beter I guess.

Their website was registered on 22nd April 2005:
http://www.ma8ma.co.uk/where.html

 

[Tatts]

Chavspeak? :bgrin2:

 

[Walt]

Above the Steam to beat South the Steam

Well, my money is now on the Above the Steam Group to snatch the Luo Trust from the South the Steam group by the weekend.

What do you reckon?

 

[Windy]

Well, my money is now on the Above the Steam Group to snatch the Luo Trust from the South the Steam group by the weekend.

What do you reckon?

I reckon a few more delays first but it will be before the Chen rainbow returns to the steam.

I hope you have voted in the poll?

 

[ZRsteve]

Well, my money is now on the Above the Steam Group to snatch the Luo Trust from the South the Steam group by the weekend.

What do you reckon?

Yep, spot on. :beer2:

 

[Walt]

I reckon a few more delays first but it will be before the Chen rainbow returns to the steam.

I hope you have voted in the poll?

I voted twice, to make doubly sure.

 

[Windy]

Current Poll Results

Above the Steam Group 66.0% 90 Tickets
South the Steam group 20.0% 27 Tickets
Other 13.0% 18 Tickets

 

[LongbridgeFC]

Diddi mau... diddi mau!

 

[Windy]

More Chinese News:

http://biz.163.com 2005-07-25 02:25:16 origin: Every day the economical news

Notes:
Above the steam group = SAIC
South the steam group = Nanjing
Luo trust = MGR
Japan notebook field company = Honda
valuable horse company = BMW

South the steam accident swallows Luo Fu and above the steam has the cooperation in the certain scope is possible

Yu insults Lin Hu the Wei bright every day economical news

Is even take General Manager assistant king Yao as the head south steam group negotiations delegation, defeats above the steam by approximately 50780000 pounds prices, the success and buys Luo Fu.

The Pu China forever will say (PWC) will be entrusted with the person as the Luo trust automobile property issues the statement states, already the Luo trust automobile and its the engine company's property will leave sells south the steam group. South " the steam will move to the engine and the partial entire vehicle production China, in addition as well as will grind the partial entire vehicle production sends retains with the technical equip in England. "




This result nearly make industry inside all people shock, because regardless of or competes from the enterprise strength buys the condition looks, since above the steam group all has been continuously considered most has the possibility becomes east Luo Fu " family ".

Why does the " flower fall south " the steam

According to England " Financial Times " reports, above the steam submits competes the marked price is (approximately gathers 87000000 50000000 to 60000000 pounds to 105000000 American dollars), in competes in the sign book, above the steam simultaneously indicates is willing to hire 3000 Luo Fu staff.

These competed buys the condition obviously surpasses other two competitor --- at that time, English financial group ProjectKimber competed the marked price is 40000000 pounds, was willing to hire Luo Fu staff counts is 2000; South the steam group competes the marked price also only has 40000000 to 50000000 pounds, also only hopes to hire the Luo trust automobile 2000 staffs --- therefore, above the steam obtained the English trade union's public support, but it or " failed to be elected ".

Pu Hua Yong Dao Accountant the office spokesperson will state, south " steam therefore the success will defeat the steam, will buy the Luo trust with the local financial group success, the main reason will be former higher bid, and will not have attached any correlation condition, therefore the supervising and managing organization finally chose south the steam. On " the steam group's one related person in charge tells " every day economical news ": On " the steam group is precisely because does not agree unconditionally purchases, repeatedly will request the Pu China forever the road to provide the detailed list, only then finally will fail to be elected. "

According to knows the circumstances of the matter the public figure discloses, above the steam finally the reason which resisted is lain in it in the purchase important contract China and Canada three conditions: Which third parties property right the Pu China forever will the road have also to involve on the Luo trust (for example Luo trust 45 design paper property rights belongs Japan notebook field company, Luo trust trademark property right belongs valuable horse company and so on) lists the detailed list, and will give the corresponding pledge; Above the steam request installment payment, after moves China the equipment must take inventory loads a ship only then can pay (condition which the fund the Pu China forever road will open is, in will purchase within latter 5 day completely pays money); Above the steam aspect will request Pu Hua Yong Dao to carry on the pledge to the Luo trust production base environmental protection question, thus will guarantee above the steam cannot therefore will suffer the latent loss.

What south did the steam buy

According to " every day economical news " understands, south steam at present although already bought MG the Luo trust group and Powertrain Corporation's all properties, but it by no means will obtain the Pu China forever says the aspect provided concerned Luo trust surplus property detailed list.

" 25, 45 and 75 vehicle types are the English Luo Fu mainstream products, now, in these three vehicle types two intellectual property rights in the above steam, one essential equipment and the design blueprint were all taken back by this field automobile, lose these three type, the purchase Luo trust are only left over some ' the non- mainstream ' product, south the steam was not is worth? In the " industry public figure thinks, the Luo trust purchase document development until now still remains has multitudinously is anxious.

Above the steam aspect already explicitly indicated: " regarding before this already bought the Luo trust 25, 75 series passenger vehicles and the entire series engine intellectual property rights, above the steam stock will follow the international convention, adopted the legal method strictly protects oneself the legitimate rights and interests. " " if south steam must produce these vehicle types, has to the above steam purchase intellectual property rights and the equipment, how many this disbursement to be for the time being does not say, whether opposite party is willing to give or the question. In the " industry public figure analyzes says.

" the Luo trust is only worth the money is the brand, because the manufacture system is cannot have any efficiency. But Luo Fu certainly does not have the very great well-knownness in China, does not have Luo Fu in North America the market, in the European Luo trust vehicle also is not the mainstream brand, only comparatively has the fame in the English native place. In the " industry public figure analyzes, the " Luo Fu vehicle type majority of already quite was all obsolete, needed to continue to grind sends the strength only then can develop the market, this need extremely formidable strength and continuously the fund guaranteed the entire item the smooth operation, south the steam was very difficult to have such digestion ability. "

" Every day economical news " attempts from the south steam aspect to find out a more detailed situation, but this group public relations personnel's telephone throughout uninhabited meets listens.

And buys the fund from where but comes

After south the steam takes over the Luo trust, first will face the fund aspect the huge disbursement. " Pu Hua Yong Dao will request us, will purchase successfully after must pay in full the entire funds within 5 days. On " the steam group one related personnel expresses. Obviously, if traded south the steam, this rule also could not change, then, successive years lost money did the south steam collect this fund from where?

It is reported, south the steam has carried on the cooperation negotiations in the Luo trust parent company aspect, but if through its loan, interest will is one not small expenditure. It is reported, south the steam before this once sent one " Italian 外财 ". In last December, south the steam main body moved to the Jiangning automobile city from the Nanjing urban district, located the urban district gold region more than 100000 square meters factory districts auction receives 850000000 Yuan. But industry inside the public figure thinks, these basic will be insufficient to to deal with the future the need, south the steam at present 40000000 -5000 ten thousand pounds bid also only are the earlier period investments, after will purchase the Luo trust, will wait for it will is more put, at the appointed time, the Luo trust automobile each month loss estimate will amount to 20000000 -2500 ten thousand pounds.

Above the steam chooses faced with three kinds

Lost the Luo trust, above the steam independent brand construction also could as scheduled carry on? Although above the steam aspect expresses " cannot be influential. In has ordered the new equipment, in 2007 the Luo trust passenger vehicle also can punctually promote ", but industry inside the public figure certainly not like this thinks, " this is very possible one method which is above the steam releases in order to catch. "

Industry inside the public figure thinks, above the steam not necessarily can thoroughly give up. On " the steam cannot let the Luo trust the intellectual property rights vacant, but whether really purchases new equipment ' in ', regardless of is or in the time looks from the cost, above steam all must think over risk and income. " from this, industry inside the public figure estimates, south the steam and above the steam future or will have the possibility which will cooperate in the certain scope.

Industry inside the public figure provided the two cooperation three kind of possibilities: " one, above the steam directly sells to these technologies south the steam, makes a profit from the center; Two, above south steam use steam equipment production; Three (this is most has possibility one kind), south in the steam financial condition the steam is the understanding, above the steam is thinks south and so on the steam once meets the fund difficult problem once more makes use of a favorable situation the low price purchase, like this, above the steam already can do ' Savior ', but also can realize at first low 价买 Luo Fu Di desire. "

Regarding the south steam, this industry inside public figure thinks, the " at present competes the sign is successful, is equal to south the steam had one chip. Since south the steam continuously all has wanted with the above steam cooperation, only to be both sides in the condition discusses does not gather together. Now in both sides respectively hold one chip, perhaps in the near future, can not but once more sit for the common benefit to the conference table in front of. "

 

[boxwellm]

David - James is the famous enterprise escapes the sleepy expert

What? Again. Thats the second time David James has outwitted the sleepy expert. Crafty, that bloke...

 

[Windy]

Sundays Chinese News: (Mondays in previous post)

http://biz.163.com 2005-07-24 07:37:30 origin: The Chiangnan Times

Notes:
Above the steam group = SAIC
South the steam group = Nanjing
Luo trust = MGR
Japan notebook field company = Honda
valuable horse company = BMW

South the steam 50000000 pounds hold the Luo trust turn over to not to be able to use the Luo trust and the MG brand

Was fried the noisy south steam finally competes with the above steam buys the Luo trust automobile one matter falls the curtain, south the steam finally hugged " the beautiful woman " turns over to. Reasonably said, south about the steam should cheer jumps for joy, congratulates the victory, but reporter yesterday afternoon arrived when south the steam group located central Lu Shang the headquarters, actually blind one joyful sign. Moreover, south the steam all main leaderships handset all is unable to put through. After waited for one afternoon, when evening 7 o'clock, south steam group propaganda department Minister Liu rather lived finally brings the news to reporter: South the steam took the English Luo trust automobile by 50000000 pound more than 1 prices.

More than 50000000 pounds purchase Luo Fu
Just saw reporter's time, south steam group propaganda department Minister Liu Ning Sheng indicated, south the steam truly successfully purchased the Luo trust, but the detailed situation now also is unknown, one was vital south and so on the steam England work team's news. When reporter indicates when wants to interview the company high level leader, Minister Liu indicates, the company leads is discussing this matter, now cannot accept any interview. Afterwards Minister Liu indicates must hold a meeting, a little later again will give reporter the news.
After waited for one afternoon, Minister Liu Ning Sheng also was unable in the relation, reporter finally in south steam company office building " capture " propaganda department vice-minister warning. Warning very helpless indicates, now truly does not have the detailed news to be allowed to announce. He only is says, when on July 23rd Beijing standard time before dawn past 2 o'clock, the English work team high level sent back the success purchase news to the company.
Under reporter's repeatedly interrogation, exhorts discloses, this time England work team the assistant brings the team by company one general manager, has, the legal business department, enterprise plan department's and so on the international affairs department colleague participation, the company one vice- always above rank leadership has not gone to England. As for the detailed purchase content, exhorts indicates, the next Monday company can the official foreign issue news.
When evening 7 o'clock, Minister Liu Ning Sheng finally brought the news to reporter. Minister Liu states, after the company led studies one afternoon, decided announces some concrete information to outside. Minister Liu explicitly tells reporter, the final purchase price is 50000000 pound more than 1, because south the steam England work team had one technical problem in the transmission data, therefore temporarily could not determine the concrete numeral, but could the affirmative general data be 50000000 pound more than 1.
What south did the steam buy?
What south did the steam expenditure so great capital purchase the Luo trust automobile buys is all quarters attention hot spot. Minister Liu Ning Sheng tells reporter, south steam this time is the whole purchases the Luo trust automobile, includes Luo Fu, MG as well as engine supplier Powertrain. But under the Luo trust flag land tiger and before the MILI two big brands already separately divided by Ford and the valuable horse. As for the Luo trust 1400000000 pounds large amount debts, Liu Ning Sheng indicates, because the Luo trust already went bankrupt, debt with this time purchase any relations.
What south does the steam settle on Luo trust?
Before this purchases Luo Fu about the south steam the goal, the outside also is the audiences says diversely. Spend 50000000 pounds to buy one bankrupt the automobile enterprise, south steam chart what? Some people said south the steam is must borrow this stands up from failure, some people said is for develop the independent brand, but also some people said is for raise which cooperates with the international automobile giant chip and so on.
Minister Liu states, these views all are between the work place the hearsay, very majority of all is imagines. South the steam purchases the Luo trust mainly has three aspects the considerations: First is the plate lives south the steam storage quantity property, for example, south the at present the steam two engine plants utilization of capacity is all insufficient, purchases Luo Fu three engines item may let south the steam two engine plants go full speed ahead; Next is for adjust the optimized product structure, the Luo Fu several large carts to the south steam existing product is one effective supplement, but question and so on concrete product arrangement has not temporarily made clear the intention; Finally is for speed up the development independent brand and the independent intellectual property rights.
Why above does the steam fall the defeat?
The tripartite quoted price which participates the Luo trust competes buys looks from the announcement, south the steam competes the marked price certainly is not most munificent. Above the steam competes the marked price is 50000000 to 60000000 pounds, pledges hires staff population is 3000, but south the steam opens the price is 40000000 to 50000000 pounds, pledges hires staff population is 2000, light looks from data, above the steam condition bright influential person is more munificent than the south steam, but final is lucky actually is south the steam.
Liu rather lives thinks, the seller settles on not merely is bids, possibly is our both sides common ground are quite many. The English aspect quite is also long to the south steam inspection time, is quite deep to the south steam understanding. South the steam moves them mainly is works the low key, is steady, but also has most essential one is the good faith.
Fund from where?
South the steam has participated since one month competes buys the Luo trust, can put out the question regarding the south steam which the such many money purchases has not severed. Mainly because south steam these two years achievement not too like people's desires, therefore the very many people suspect south the steam fund strength.
Liu Ning Sheng is full of the confidence to the south steam fund question, he smiles the word, south the steam only is these two years development some is slow, family property or quite rich. Simultaneously south the steam financing channel is very many, for instance land replacement, the provinces and cities government fund puts as well as with domestic and foreign big companies' cooperation and so on, the fund in no way is the question.
How coordinates with the Philippine Asia special relations?
Industry inside purchases Luo Fu regarding the south steam another question is, south the steam wants the technology to have to enrich the product line, why with existing partner Philippines Asia special " 亲上加亲 ", actually wants the shed nearly to ask to go far away buys Luo Fu?
Liu rather lives certainly is not willing to refer to this sensitive topic, he indicates, purchases the Luo trust certainly does not have the conflict with the south steam existing service, south the steam can alone put out Luo trust this block does, as for is the sole ownership, center center pools capital, the Chinese and foreign joint capital or center the Chinese and foreign joint capital, now cannot under the conclusion.
Delivers what brand does the vehicle use?
Luo the trust existing Luo trust and the MG two big brands, after what brand south can the steam purchase use? Liu rather lives the explicit expression, later will produce the vehicle type will not be able to use these two brands, what type as for will use the brand, now also is unable definite.
Buys up these section vehicles what scale?
Takes and 宾利 shares the honor with Rolls Royce noble famous vehicle, Luo trust although does not have the big fame in China, but truly is the at present only can represent the English industry the symbolic product, Luo trust 75 is England's state guest vehicle, but the Luo trust 45 and the Luo trust 25 pieces separately are middle-grade and the low-grade vehicle type. MG is one racing bicycle brand, under it many patterns racing bicycle ever bestselling Europe. But, on before this the steam already purchased these two brands partial vehicle type intellectual property rights.
How processes and above between the steam, this field intellectual property rights question?
South steam although already hugged " the beautiful woman " turns over to, but the front road actually filled the resistance. Above the steam and this field all has one part of Luo Fu the intellectual property rights, how south does the steam process the intellectual property rights is the question which namely is going to face.
Liu Ning Sheng indicates, although now we do not know which property rights the steam and this field did buy the Luo trust, but could encroach upon others' rights and interests in no way in inside the legal permission scope.
The news links
Seller Luo Fu
The Luo trust automobile founded in 1904, only saved as the English 100 years automobile industry great accomplishment the English own automobile company, it enjoyed a higher well-knownness in Europe. The Luo trust automobile group once included four parts: Luo trust automobile, MG racing bicycle, Luo trust (land tiger) all-terrain vehicle and miniature (MINI) sedan car. This company at present has Rover25, 45, 75 passenger vehicles and the MG series racing bicycle, in 2003 also went into production the CityRover series city small vehicle. Two years ago, this group was set up the Asian and Pacific area purchase center in Shanghai, in last January, the Rover passenger vehicle and the MG racing bicycle officially enters the Chinese market. The Rover75 passenger vehicle, the racing bicycle MGTF selling price in 580000 Yuan and about 540000 Yuan, last year in China's sale was about 1500.
Regarding this company's unfortunate history, needed to recall to 1994, the Luo trust automobile group is taken over by the valuable horse automobile by 800000000 pounds, to 1998 year's end, the Luo trust took to the valuable horse's loss surpassed 3000000000 American dollars, became the valuable horse's biggest burden. After continuously 6 years loss, the valuable horse only retained the MINI automobile branch, other completely sold. Also is in 2000, the valuable horse can not but analyze the Luo trust, land tiger all-terrain vehicle sold to the American Ford automobile by 3000000000 American dollars prices, divided the Luo trust opens is MG and the ROVER two brands, the miniature sedan car kept the valuable horse. But the most too bad one part of properties - - Luo trust automobile and the MG racing bicycle is bought by the English personal investment business phoenix group symbol by 10 pounds England. Several passes through tosses about returns English the Luo trust because lacks the fund blood transfusion, manages each situation under, frequency newspaper survival crisis. In 2003, its sales volume is 145000, in entire European market share merely about 1%. In 2004 the sales volume continues to fall.
In April, 2005, is regarded as is " saves a life the grass " the above steam decides postpones the negotiations purchase, Luo Fu announces the bankruptcy.
(Author: Newspaper Reporter Pan auspicious sea)

 

[Windy]

What? Again. Thats the second time David James has outwitted the sleepy expert. Crafty, that bloke...

"enterprise escapes the sleepy expert" = "Company Doctor"

Not sure which makes most sense :lol:

"because south the steam England work team had one technical problem in the transmission data, therefore temporarily could not determine the concrete numeral,"

Does the '£' symbol not display properly on Chinese computers?

 

[Windy]

Tuesdays Chinese News:

http://biz.163.com 2005-07-26 02:33:04 origin: Every day the economical news

Notes:
Above the steam group = SAIC
South the steam group = Nanjing
Luo trust = MGR
Japan notebook field company = Honda
valuable horse company = BMW
MG racing bicycle brand = MG Sports Cars


Arup supports south the steam purchases Luo Fu Zhi in the development independent brand

Hu Wei bright Shen wild goose China every day economical news
Yesterday, south the steam group limited company (hereafter referred to as south steam) officially sends for " every day economical news " states by letter: South " the steam intends to inspire MG again the brand, and develops a series of entire vehicles vehicle type through it in Chinese and England's manufacture center. " also indicates, " the Arup--- one whole world design and the service consultation company, is this time involves the Chinese investment limited company and the HerbertSmith Corporation's purchase chief advisor. "


Arup help
Yesterday, " every day economical news " sent a telegram the HerbertSmith England headquarters, south the manager the steam purchases the Luo trust matters concerned the human affairs is in charge of Stepfen says: " the Arup Corporation in the entire south steam unexpectedly bought in the Luo trust process plays the key role, included south the introduction the steam knows the Pu China forever will say aspect 高官, and guaranteed the entire negotiations process smoothly carries on. " he indicates, Arup from now on also will be able to continue south the help the steam develops the new vehicle type and the new brand, as well as automobile a series of feasibilities test and so on many following work. Stepfen thinks, south " the steam this time goes to English the purchase delegation displays extremely well, they paid attention English and China's difference, and carried on the adjustment for this. "
The material demonstrates, the HerbertSmith Corporation founded in 1882, was the English processing finance and one commercial business famous legal company. Arup has more than 20 years experience in the automobile and its the engine design aspect, but also provides strategic, the product production and the operation aspect service, once took 汽车设计 the company served 6 years for the Luo trust. Arup and China has the stable trade contacts, has 1500 staffs in China, in 2008 the Beijing Olympic Games 8 most high-quality other floors designs namely stem from hand this company.
Luo Fu does not determine the factor
The after " merge, the Luo trust brand still was the BMW one part, but Luo trust itself no longer was the Luo trust, the Luo Fu significance and the now same. " Stepfen said.
He indicates, south the steam through this time competes buys hopefully obtains Luo Fu grinds in England sends the center, including the partial personnel which the original Luo trust company grinds sends the center, but " this still was at the conception stage, how was concrete or one long-term plan, now not explicit view ". What may be affirmative, " this grinds sends the center certainly can help south the steam to develop the new automobile in England. "
Industry inside the public figure thinks, south steam although buys the Luo trust surplus property, but this field destruction design paper event storm reveals south the steam is not certainly thorough to the Luo trust itself understanding, therefore, south the steam urgently needed re- appraises to the Luo trust, not merely appraises the production line and the equipment, but also includes Luo Fu existing staff.
Regarding this, Stepfen indicates, south the steam needs to carry on the communication in the original Luo trust company's staff, reaches the agreement which both sides both satisfies. South " the steam definitely only can hire to this item useful person, but can these people the vandana steam achieve the related wages reward the unanimous agreement all need further to negotiate. The Pu China forever will say the office will be able to continue to advance this one and buys the event, will include south the development the steam plan. The HerbertSmith Corporation also very hopes can continue for this matter to be responsible. "
South steam " dream independent "
South the steam tells " every day economical news ", its this time success purchases Luo Fu the significance lies in: One, may borrow this live enterprise existing storage quantity property. Some approaches south the steam public figure discloses, south the steam has the massive lands, the factory and 熟练工人, south the at present the steam two engine plants utilization of capacity is all insufficient, purchases Luo Fu three engines item may let south the steam two engine plants go full speed ahead; Two is further adjusts and the optimized enterprise's product structure; Three, speeds up the development independent brand and the independent intellectual property rights step.
The Shanghai automobile industry (group) the main corporation (hereafter refers to as steam) attempts to purchase the overseas technical platform promotion independent brand, south the steam purchases the Luo trust also remembers in the development independent brand. According to the south steam aspect introduces, its this time is the whole purchases the Luo trust automobile company and its the engine production branch, in this purchase, south the steam not only obtained from series engine and the series entire vehicle vehicle type production equipment, simultaneously also obtained the Luo Fu production and grinds sends the technology. After south the steam has its core technology, will begin to develop the independent brand the passenger vehicle.
But industry inside the public figure thinks, south the steam and above the steam eventually can step onto road the cooperation, south the steam at present competes the production line, the equipment which buys obtains, obtains with the above steam 25, 75 vehicle types intellectual property rights necessary, only then has the possibility effectively causes the state-owned property in the shortest time to guarantee the value rises in value, " this only is inside family's difference, sooner or later can solve. The " material demonstrates, south the steam existing gross asset amounts to 12000000000 Yuan, the area 340 extra ten thousand square meters, 1.46 extra ten thousand staff, have 25 control the share company (7 Chinese and foreign joint capital), 7 senate stocks company (2 Chinese and foreign joint capital), 400 extra are connected the enterprise. The respective four big entire vehicles production company --- south steam leaps forward, the Nanjing Philippines Asia especially, Nanjing according to the dimension tan oak, south the steam new elegant way --- separately produces leaps forward, according to the dimension tan oak, the Philippine Asia especially, the new elegant way four big brands series more than 400 varieties automobile, the year comprehensive productivity reaches 200000.



South the steam has not wanted to hand over to the hand sells Luo in the trust the steam feels very angry
http://biz.163.com 2005-07-26 14:59:20 origin: The net easy trade to report

According to England " Financial Times " reports, in 2005 07 months on 26th Tuesday the Nanjing automobile group limited company (Nanjing Automobile) competed with some bought MG the Luo trust (MG Rover) the defeat side carries on the contact, drew up sells the English automobile company's most stockholder's rights which this went bankrupt, but this was apart from this Chinese automobile manufacturer wins competes buys just between three weather.
South the steam only paid more than 50000000 pounds (is equal to 87000000 American dollars), then purchased the Luo trust and its the engine department Powertrain property. South the steam wants partially to seek exterior fund and the management group team for the Luo trust English service. South this time the steam will want the stock property which will sell does not include makes the engine the equipment and the middle and small scale automobile production line, these properties will pack load a ship transport to China.


South steam weekend and Frazer? Wolford - warm (Fraser Welford-Winton) carried on the contact, this moment was away from it evening is Friday informed purchases successfully only then passes several hours. Frazer? Wolford - warm once led one time in view of the Luo trust management level purchase, but was rejected. South the steam sells the attempt is possible to initiate to competes buys the procedure the dispute, the Shanghai automobile industry company (SAIC) and David? James (David James) two sides both to choose south the steam procedure feel the anger. The Shanghai automobile is the Chinese biggest automobile manufacturer, David? James is the enterprise turns the sleepy expert.
South the steam indicates, it also prepares to accept the Chinese automobile manufacturer the investment, this indicates, although above the steam carried on the attack to the sales behavior, but still had the possibility is invited to take the partner.
South the steam propagandizes Minister Liu Ning Sheng indicates, the group welcome domestic and the international automobile company, as well as China's local government with it contact, together carries on the investment to the Luo trust service. He not specifically comments the steam whether includes in inside, south steam whether does prepare to sell the most stocks. " Regarding possesses these intends in England to develop the feasible service all quarters, we all intend with it discussion, " provides English project consultation company Arup for the south steam which consultant serves indicates.
Mr. Wolford - warm refuses to disclose which contents his vandana steam aspect specifically did discuss, but it is reported he possibly led the management group team, or and his financial support side together bought Luo Fu controls the stockholder's rights. David? James indicates, he " extremely has the interest " buys MG from the south steam the service, but south steam whether does persist the minority stockholder's rights at present also not bright.
But James Mr. and the Shanghai automobile all to sells feels the anger, above the steam is meeting international the law office wheat is firm when (Baker Mackenzie), considers takes legal action.
" I too shocked, " James Mr. said. He Friday submitted the quoted price, the quoted price reaches as high as 67000000 pounds, the actual amount was decided to the property sells the speed. But above steam quoted price in 50000000 to 60000000 pounds between.
" Why does the Friday compete the price finished so in a hurry? They know also has two quoted prices must submit, " James Mr. said.
Above the steam indicates, it to the Luo trust and the MG engine intellectual property rights in the law is impregnable. As 67000000 pounds transactions one part, above steam last year purchased the Luo trust and the MG engine, but also bought the Luo trust 25 and 75 vehicle types intellectual property rights. (Translator / Li Gong Wen Reporter James? The wheat gold holds (James Mackintosh) assorted in London, the outstanding husband? Generation of you (Geoff Dyer) in Shanghai reports)

Above the steam warns the Pu China forever will say will not want south " blind 来来 " the steam also not to act sloppily
http://biz.163.com 2005-07-26 08:14:06 origin: The Eastern morning paper

After competes buys the Luo trust unfavorable situation, above the steam group starts the intellectual property rights " the security war ". Yesterday, reporter learned from the above steam group, except statement if discovered some people will infringe upon the right produce the Luo trust 25, 75 vehicle types and the engine with it 对簿 tribunal outside, above the steam group joint-stock company yesterday also give Luo the trust the property supervisor Pu China forever the road issue " the warning letter ", called will adopts essential legal method prevents the Pu China forever will say on the steam intellectual property rights will sell to any third party. It is reported, above the steam buys the Luo trust 75, 25 vehicle types and the entire series engine design blueprints appendix still forever will say in the hand in the Pu China.
Yesterday, south the steam group after competed buys the Luo trust succeeds first time issues the statement states, south the steam intended to inspire MG again the brand and develops a series of entire vehicles vehicle type through it in Chinese and England's manufacture center. Moreover, " south the steam whole purchases the Luo trust automobile company and its engine production branch, south the steam not only obtained from the series engine to the series entire vehicle vehicle type production equipment, simultaneously also obtained its production and grinds sends the technology. South the steam after had its core technology, will begin to develop the independent brand the passenger vehicle ".

The net easy trade to report
South the steam yesterday did not hope to reporter to explain had " the production and grinds sends the technology ", " the core technology " whether meant south the steam had the Luo trust entire series engine and the vehicle type intellectual property rights. But takes will go bankrupt the Luo Fu property supervisor, the Pu China forever says also until now not foreign discloses actually sold to south the steam which properties?
Reporter yesterday learned, because the Pu China forever will say this time was " the secret " sells goes bankrupt the Luo Fu property, above the steam worried the Pu China forever the road will be able already to spend the above steam 67000000 pounds bought the Luo trust 25, 752 vehicle types and the entire series engine intellectual property rights also sells for the south steam, therefore above the steam group yesterday already forever the road will issue " the warning letter " to the Pu China, expressed will adopts essential legal method prevents the Pu China forever will say on the steam intellectual property rights will sell to any third party.
Reporter from knows the circumstances of the matter the public figure place understanding, because initially purchased the Luo trust 25, 752 vehicle types and when the entire series engine intellectual property rights, above the steam thought still had the cooperation with Luo Fu the possibility, to competed buys also remembers in must, therefore Luo trust 25, 75 and entire series engine one set of design paper appendices continuously also forever will say in the hand in the Pu China. Because the Pu China forever will say before this to will go bankrupt the Luo trust property in the negotiations " the secret " sells, after but will sell again the not foreign announcement property detailed list, this will let the steam heart save the anxiety.
It is reported, above the steam purchases the Luo trust patent the contract is signs based on the Hong Kong law. If the Pu China forever will say sold the appendix for south the steam, or south the steam had produces the Luo trust 25, 75 vehicle types and the entire series engine signs, above the steam possibly could consider the south steam the Hong Kong courtroom. Before this, above the steam explicit expression cannot carry on the cooperation in the south steam, also cannot be authorized south the steam produces the Luo trust 25, 75 vehicle types and the engine. (Morning paper reporter money is beautiful)

 

[SteveChilds]

ooh my head hurts and that was after 1 sentence. Does anyone want to translate it into real english!?

 

[BrianR]

ooh my head hurts and that was after 1 sentence. Does anyone want to translate it into real english!?

It reminds me of those 'Engrish' electronic goods manuals. I've got one for a cheapy computer motherboard warning me not to 'stuff or remove' memory whilst it's turned on.

I like the BMW = valuable horse company, though!!!

 

[Windy]

Tuesdays Chinese News Continued:

http://biz.163.com 2005-07-26 09:39:00 origin: The Beijing morning paper

Notes:
Above the steam group = SAIC
South the steam group = Nanjing
Luo trust = MGR
Japan notebook field company = Honda
valuable horse company = BMW
MG racing bicycle brand = MG Sports Cars

The operation capital huge the steam purchases the Luo trust faced with the difficulty south finally as soon as wrestles

Buys the English Luo trust faced with is layer on layer difficult
The Nanjing automobile group success purchased the English Luo trust automobile already three days, perhaps but south the steam most difficult day only then just started, the conformity risk will be the biggest danger which it faced.
One was " the good thing " is already sorted the light the foreign country goes bankrupt the old factory, one was the day tightly domestic loss old factory. Facing this purchase document, brought peace and order to the nation the group studies the headquarters analyst, devotes Doctor Li which and bought the research to the cross country Chang An yesterday to newspaper says? Smokes south the steam purchases Luo Fu Hen is unworthy.


" This was south the steam finally as soon as wrestles." The Li Chang An said. The capital conformity is the biggest difficult problem
Now, south steam must face the most dangerous together gulley is the conformity risk. At present, the cross country purchases the successful case are not certainly many in China, 70% above conformity is the defeat.
Looks like in the Li Chang An, south steam immediately must face two aspects conformity risks. First is the financial conformity risk, the Luo Fu financial condition and the property right relations is exceptionally complex, can give south the steam brings the very big burden; Next is the human resources conformity risk, south the steam now does not have the announcement to the English staff's concrete solution, in with in the English trade union's negotiations, south the steam very possible to make the concessions again, moreover also must pays greater price for staff pension and high tube arrangement.
The Chinese automobile industry association chief analyst Jia new light yesterday commented, south the steam at present faces the biggest difficult problem was again the conformity, in particular capital structure conformity. Because south the steam pledged in this purchase process were very many, therefore, from now on it also will be able unceasingly to eat " unconditionally purchases " 哑巴亏. Buys, with?

After south the steam purchases the Luo trust, huge operation capital from where?
Reporter learns, south the steam last year loss was not one small number, it located Nanjing the old factory site sells 8. 500000000 Yuan, but constructed the new production base flower goes 1000000000 Yuan again, south steam family property strut strength it can be imagined. But, south steam news spokesperson Liu Ning Sheng holds the confidence to the south steam fund, he calls south the steam family property or quite rich, simultaneously also has the land replaces, the provinces and cities government fund puts as well as domestic and foreign big companies' financing channel and so on cooperation.
But, the Luo trust stays behind may be solid is one mess. At present, the Luo trust each month of maintenance expense reaches 20000000 to 25000000 pounds.
The Jia new light analysis said, south the steam has the possibility through requests the Nanjing automobile industry investment company's shareholders investment which the Jiangsu Province government has been established to carry on finances, now also truly has some capitals is staring at this item.
The Li Chang An thinks, south the steam in controls the stock with the Luo trust parent company phoenix in the negotiations, had the possibility obtains the short-term high rest loan. In addition, makes in Jiangsu Province the automobile industry greatly does under the strong policy plan support, the financial fund and the bank loan on favorable terms also can be one main origin. South steam already to above steam undulation olive branch
Now, another question came out: South the steam and above the steam can once more sit to the conference table in front of?
Day before yesterday, Liu Ning Sheng in accepted " the Chiangnan Times " reporter when the interview says, south the steam purchased the Luo trust mainly has three aspects the considerations: First is depends on Luo Fu three engines items plate lives south the steam storage quantity property; Next is with the Luo trust several large carts adjustments optimization product structure; Finally is for speed up the development independent brand and the independent intellectual property rights.
But, the Luo trust entire series engine intellectual property rights actually in the above steam, the main vehicle type intellectual property rights also all and so on several big groups is carved up by the above steam, moreover this field already prepared in the east wind this field production initially south the steam most pleasing Luo trust medium passenger vehicle.
Liu Ning Sheng once expressed south the steam new vehicle could not use the existing Luo trust and the MG two big brands, but this will cause south the steam new product value gold content long number discount.
Therefore, with the above steam cooperation, obtains the Luo trust 25, 752 section vehicle types intellectual property rights is south the steam urgent matter.
The Li Chang An and the Jia new light all thinks south the steam can again sit with the above steam to the conference table in front of. The Li Chang An said, regardless of embarks from own benefit, or plans from the Chinese automobile industry conformity looks, south the steam and above the steam cooperation possibility very is all big.
South the steam yesterday already undulated the olive branch: Operates the Luo trust item, we welcome with to include above the steam in the inside domestic and foreign funds cooperation, sets up the joint stock system company, even may give up controls the stockholder's rights.
Above the steam also tells reporter, they will mention in the statement " adopt the legal method strictly protect oneself the legitimate rights and interests ", the motion which only will be aims at the Pu China forever says once belongs above the steam intellectual property rights once more will sell to south when steam adopts says.

Morning paper Reporter Liu Xiao forest origin: " The Beijing morning paper "

 

[Windy]

ooh my head hurts and that was after 1 sentence. Does anyone want to translate it into real english!?

Sounds like Steve is complaining about my translations!

Poll Required - Options:
1. I continue as before.
2. I post in the original Chinese.
3. I stop posting the Chinese news.
4. Someone else takes over with the translations.

Preferences please - if nobody responds then I shall keep the news to myself! :dddc:

 

[pnin]

Wendy, thanks! i like it and please go on. :errx2: