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From U.S. $ 4986, Honda CG 125 Cargo must be one of the beneficiaries

Announced yesterday, the credit line of $ 100 million for the financing of new motorcycles to motoboys can give impetus to one of the sectors most affected by the crisis: motorcycles with engines of up to 150 cm ³.

The models included in the program, the ordinance to be published Friday in the Official Gazette, should cost a maximum of U.S. $ 8500.

To be entitled to the loan, which may be paid in up to 48 times with interest rates of up to 1.9% per month, the person must show that uses the motorcycle as an instrument of work.

According Moacyr Paes, president of Abraciclo, bringing together the leading manufacturers, these bikes have to be white and now leave the dealerships with chest and safety equipment determined by Contran.

Among the main beneficiaries is the Honda CG 125 Cargo. With 11.6 hp engine, is only offered in white and has a scale from $ 4,986.

Of the 250 cars seminovos existing stores in El Salvador, 25 have already closed their doors since the beginning of the year, and the prediction is that other 25 did not resist until December if the policy of encouraging the sale of car and is still zero. The alert is the president of the Association of Independent Retailers of Motor Vehicles of the State of Bahia (Assoveba), Paulo César Mascarenhas. He says the industry already resigned about 1.1 thousand workers.
According to Mascarenhas, the reduction of the IPI zero penalized for the car used in the industry with a drop of 40% in sales, aggravating the scenario that was already bad after installation of the financial crisis. Before the turbulence, eg the sale of the industry revolved around eight thousand cars a month, is now around three thousand.
“Today, 50% of stores are having difficulty seminovos and threatened to close,” said Mascarenhas, who suggests two scenarios that could help reverse the table: the government re-charge the IPI from July, as provided for scratch the car, or you create a special line of credit to the sector, administered by the Bank of Brazil or the box, with competitive interest rates and fewer requirements.
The rigor in the requirements, however, was the main reason, according to Mascarenhas, for a line of credit established by the government, early in the crisis, did not succeed with the business. “The government has released U.S. $ 200 thousand for each store, but few managed to pass the registration and obtain the financing. Most had problems with late payments, and it weighed in the assessment of BB, who coordinated the loans, “he explains.

Scenarios – The Sinval Vehicles with over 20 years in the market, saw, with the beginning of the crisis, sales of seminovos fall of 80 to 50 vehicles per month, a number that, in view of the scenario, it is considered good in sector . “We call for creativity, rely on customer loyalty and attract good partners,” explains the manager Cicero Santos. “To attract the customer, are looking to differentiate from the competition by offering lower rates and better guarantees.”

In Freitas Cars, the perception is that the market is ranging. “It is good that months and months is that everything is bad,” says Ubiratam Freitas, since 22 years in the sales and financing of used cars. “With the fall of the IPI of zero car, who took a fall was our sector. We sold 25 cars a month and now only get to 15. ” For him, extend the term of financing is not a solution. “Who will buy a used car and finance it in 80 months. It is possible that the car is deteriorating before the financing is closed, “jokes.

“This here, is not solution. To live and work evil of all, I prefer my land.” The words are by Carlos Martins, on the day of farewell. Went to England in October, disappointed with Portugal, in search of a better life. But repent. Two weeks ago grabbed the bags and reverse, following the footsteps of dozens of other Portuguese who in recent months returned to their land. The fault, they say, the pound is worth less. Of miss that tight. The crisis, that found on land of his majesty. The DN was to these emigrants losers. In the town of Great Yarmouth in the North East of England, accompanied stressed the day-to-day. He heard the disappointment of those of departure, but also gave voice to that resistance by any reason want to return.
Do not think that eight months living in the land of his Majesty did Carlos Martins, Alentejo, forget their customs. For him, Saturday is, as ever, day to shave off the beard and make it hit off the line of hair close to it and leave the tabs joins the chin. Nothing more.

For months that Cristina, her hairdresser of choice, try to convince you to do the eyebrows. He is never “mariquices these.” “Never.” But that was a different Saturday, the last in the UK. And eyebrows were his way to say “goodbye.”
Two weeks ago, Carlos, 23 years, gained the courage to turn back to the boss and return to Portugal. It’s the pound, worth less, work that is hard, of longing, that pinch. The fault is, after all, the crisis, from which he escaped when left behind Ponte de Sor, and that was found at Great Yarmouth in the North East of England.
“This here is not solution,” argues on the day of farewell, as if still to convince himself. “To live and work evil of all, I prefer my land.”
We go back and
Carlos, low and wide body, soul, breaks of life, came to Great Yarmouth in October, with a suitcase with wheels, a snooker club in one hand and a contract for a factory on the other turkeys.
The plan of this command that fought in Afghanistan and sold phones at the door the island of Madeira – and who believes that, during that time, went to the side of a career in film and television actor – was leading a “more quiet life”: working less than when the cork around the fields to the south of the Tagus, which earn enough to pay 680 euros of the loan of the house in Portugal, mandar 100 euros for the daughter and live with the change.
What was an account that was head and beat right in Alto Alentejo, has become a difficult equation to solve when the pound began to fall and jobs scarce in this small industrial city on the edge of the North Sea. It was not just him.
Since the beginning of the year, the idea of returning to Portugal became the head of many of the Portuguese 4500 in Great Yarmouth, but also in other communities scattered around Britain as Chard and Peterborough.
Those who returned and started to pack already include at least the dozens. Most had recently emigrated and lived divided between here and there. But some people seemed to break when placed in this new land.
This tells the story of Paulo Rodrigues. Algarve for 40 years, is looking for a “buggy” to bring things together in six years working outside the country already has the starting date: July, to give time to finish the works in the house, loaned by parents, you will live.
Paul and wife came in 2003 with intentions of making money left to buy a house. Until a year ago, when both were dismissed as “redundancy” (excess of staff to work available), life went to feature them. The receive, each, more than 200 pounds per week, not counting the Overtime (overtime), saved enough “to buy the furniture and give an extended entry for a new home.”
Now, after months without employment, receive benefits that come only to eat and pay for the roof, Paul says: “This has what I had to give. There are many people who live there years at the expense of the Job Center (Employment Center ) but I do not have to cut it. For me, being here is to money. If you give more, I am not here to do nothing. ”
The pound and the crisis
In a few months here, is the rare day that does not enter the office of a Portuguese Pedro Xavier inside to say “I was thinking back to Portugal.”
The Director of PLS Consultants, a consulting company for legal entry of Stockwell – South district of London, which called Little Portugal (Portugal Small) – has no doubts that the hypothesis of the return is being taken more seriously and is a small trend among some groups of immigrants.
“Before the crisis, and the pound begin to come down, a month, about five people there to talk about it,” he says. “Now we are over 40.”
The Portuguese emigrants to seek more help from Peter are speaking bad English – and therefore need help with legal paperwork – and have loans to pay for housing in Portugal. Those who sit in front of his desk are almost always undecided and a long list of questions. You know what wins and what loses turn. Want to know is, accounts made, or not worth the pain returned. When the conversation ends, guarantees, “leaving the majority to be convinced.”
“They all know how things are in Canada,” says the consultant. “Here people are in difficulties, but have a great help from the state. When are without work, the Council (local authority) pays them the unemployment benefit and helps them with rent, with the municipal tax and the children .
Often the solution is passed by immigrants in Portugal attorney for the families to sell their homes and settle the claim. This is not a decision that is taken lightly. The house was paid for the reason why many of them out of the country and selling it is cut with one of the few things, even his, who stayed on earth. However, no alternative left when the provision became suffocating and families need to see themselves free of debt to survive.
This dramatic win in the face of Montepio offices, hundreds of meters north of Little Portugal, for weeks, when a customer came to say that I wanted to deliver the keys of the house in Portugal.
“She said, ‘I want to see me all this free’,” says John Ramalho, the director of the office of representing the Portuguese bank in London. “Gave the house to repay the loan. But unfortunately, things can not be.”
John explains that the situation in some much worse when Portuguese emigrants began to devalue the pound, last year. The British currency fell nearly 30 percent and reached home exchange worth less than the euro.
In practice, an immigrant with a salary of 1,030 pounds – the British minimum wage, common among workers in factories – received 1,290 euros a year ago. Seven months later, in late December, when the pound reached its historical minimum, received in 1050, minus 240 pounds. Currently, if the conversion will take about 1,165 euros, 125 euros less.
For the Portuguese who send remittances to pay for the benefits to banks and help the families, the devaluation of the currency was a major leak, which quickly made slow bank transfers.
“From a year ago here, there was a drop in remittances to Portugal. But that does not mean that people were all away”, explains the director of the bank, who was the founder of the Portuguese pages, yellow pages of the Portuguese community in UK.
“Who does not have the urgency to continue to save money to send later. The proof is that when the pound rose slightly immediately noticed an increase in shipments.”
“What am I going to do there?”
While we push for some migrants return home, the crisis seems to tie others to the United Kingdom. In the Central Café in Great Yarmouth, meeting point for the gutter or the cimbalino, the question on the return still leads the mouths of nearly all other questions and answers. “And what am I going to do there?”
That lets you do start the conversation with Joaquim Charrua, caught the counter on the day off. “I have 54 years. Here, working in the factory, get to share a flat [the apartment] and live. In Portugal, do not give me work.”
Was the lack of jobs that led Joaquim out of the country in 2002. He is a pioneer of the Portuguese in Great Yarmouth, which in practice means the first one to come to the Bernard Matthews, a slaughter of turkeys at 45 minutes by bus from the city.
Beyond it, close to nine hundred Portuguese immigrants working at present in that plant. But almost all others who live in Great Yarmouth started there.
A “Bernardo Matos,” as it is called, is, in turn, the hero and villain in the history of this immigrant community. She opened the doors of the UK to Portugal. She, in recent times, many shot in unemployment.
For these, the job center now, from one day to another, to be part of the routine. On the banks of the center of employment, the green building at the gates of the city, are all Portuguese that come morning receive the allowance.
Maria Amelia, 56 years, is one. Came to England in 2003 to work in factories – curiously, never worked on “Bernardo”, but ensures that both hear it was there that was not lost. Now, who is unemployed for months, living allowance and the money to spend the days in interviews, arranged by the center of employment and temporary work agency, never give in to anything because, he says, “this here is full and the few waves that disappear in an instant “(the day after this interview was accepted Amélia a plastics factory).
When asked if he is the head back, replied that yes. But, says: “Just be overcome by despair is to seek employment and not find. This is also not solution because I know that the crisis there is still worse than here.”
The story looks combined with those at the corner of Alma Road with King Street, the most English of this city of houses and streets designed a ruler and square. They say that coffee is that there is the unemployed. A lie that has only fund of truth.
Sitting in a corner of the cafe, Francisco Raposo, 50 years. While half the world puts eyes on television, where Chelsea plays, he takes care to billiards. Francisco paint cars, but was operated column and there is low. “The Queen pays me the house and eat. I just do not pay the vices,” he says turning his eyes to the packet of cigarettes. To the question “why not again?” Triggers a “Why?” behind a goal in the Portuguese beer.
The fact that many immigrants live at the expense of social security in Britain is not surprising nothing Manuel Mendonca, the chairman of the Association Heroes of the Sea, to support the Portuguese community of Great Yarmouth.
“Here there is no secure employment for life,” he says. “This work is six months on the job, then jump up to another, and another, and through a few situations of unemployment which are supported by Social Security.”
He says this is one of the reasons why the Portuguese decide to stay. At least until retirement. “Even if you are in trouble, most people do not go away. They brought their families here, have their children in school, will get work …”
Unlike most immigrants, this has left Portugal for Portuense not work, but by love. Seven years ago followed the Brazilian girlfriend to England. He began working on “Bernardo”, but then took the leap and took account of the association. Its purpose is to help immigrants to integrate – is to escape and badly paid jobs and low power that make life more difficult in England.
“The trouble is when they fall into the mesh of the work,” he says. “They work two days here, two days there, as companies need them. Now, work? That the Portuguese because they always find what the British do not want.”
The day of farewell
“But you do idea how heavy a peru?” Asks Carlos. “You can have 36 pounds and we did four thousand a day. Let them be covered with ice and we, in line, grab them with one hand, bone them in balance and then atiramo them for a funnel,” describes while that without account, make the gestures that decorated her body so much again.
Carlos is sitting in the bank, where every day at six in the morning, waiting for the bus to the factory. It is there that recalls the work that have to do in January, when returned from the Christmas holiday. The same that was beginning to deform it with the fingers and that helped a lot to decide to go away.
It is his last day in Great Yarmouth and he will review the city where he lived since October. That Saturday, May 2, 2009, agreed late, took the tap in Central and he took a path of Hair Style Street Kings, the hairdresser of Isabel Cristina off the beard. Two and a half pounds, the account as usual, pay the usual treatment. The eyebrows are the house supply.
After promising to return one day, following Carlos travel to the market. I want to buy a shirt of Manchester United, but is obliged to change her mind. In the stall of shirts, with their English international thank yous and OK, we were exhausted that the “wanted”. It was decided by a selection of English. “It costs 10 pounds. It’s promotion, so it is that I lead.”
Once you reach the house of James, a cousin who came here only when discovered, wearing it. Is 16.00. At 02.00 in the morning going from the car of a friend to the airport in Luton, North London, and then from there by plane to Lisbon. Until then, you must go to the room, a board in front of the sea, to search the bags of bat and snooker. Besides the things that brought in October, brings a few more photos that have been proving for days. At that time, ten hours of departure, when it does not seem to be back, Carlos discusses the cousin the reason of return: the difficulty in working to pay for two lives, and from here to there.
When you ask if not to return in a few times, he does not. After a little stop. Draft, the thinking, and continues. “But sometimes … I left so many times in Portugal … I mean where is the last, but when I’m me for me to go again.”

Developing entrepreneurship among young people, support the formation of companies, the fund-raising and management of the business is part of the mission of ANJE – National Association of Young Entrepreneurs. With 4,000 members, maintains a network of relationships between entrepreneurs that stimulates and enhances the market
Cultivate the entrepreneurial spirit in children from basic education is one of the concerns of Assossiação National Young Entrepreneurs (ANJE) to boost the birth of future generations of young entrepreneurs. “For other crops, Portugal stimulates very little to entrepreneurial attitude. We must also break the stigma in relation to the success of a business: fail the first time can not mean giving up. We must give young people the opportunity to create your own employment, teaching them to structure a company, “says Maria Balsemão Francis, president of the newly sworn ANJE.
Founded in 1986, ANJE is to encourage entrepreneurship among young people. Inform about the steps needed to start a business, support the establishment of a business, provide advice on management, contribute to the internationalization of Portuguese products and services and represent young entrepreneurs with the Government are some of the activities have developed by the Association, which currently comprises four thousand members. “Many young people will constitute a company and do not know how to do it. The ANJE is like a network of relationships between couples that allow knowledge about the development of projects, the search for financial resources, administrative management and Innovation “says the owner Armindo Monteiro, former president of the Association.
Have an idea or find an innovative product and study its feasibility and economic potential in the market are the first steps to investing. Joana Ferreira Filho and Homer did much research before focusing on Dry Car Wash, a car-wash without water and 100% ecological. “The service itself was not new, but its method, which dispenses the water and uses biodegradable products, yes. There was no company with this technology in Portugal, or had a market that could be achieved,” says Jane.
A new concept of advertising, the online shop did not exist in Portugal a year ago, when Pedro Silva and Pedro Rodrigues chose to focus on CreativeBitBox. “We projected interactive advertising in supermarkets, a bold and innovative way to advertise. Besides being a unique type of propaganda, we offer the service in all its stages, from the computer application, from creation and design, to installation of equipment and the projection of Animation, “reports Pedro Silva, computer engineer.
Find financing and obtain the financial capital is the biggest obstacle for entrepreneurship among young people. “When we get the resources IAPMEI, the Office of Employment and Vocational Training, but we were able to finance. There are many obstacles to get the state to support the opening of business. The money for the kick-off is the largest problem of young people to open a business. We gather 10 thousand euros at the expense of loans to family and began the service of washing of cars, “says Homero Filho. CreativeBitBox The activity started with the five thousand euros required to open a business, computers and projectors of members and working at home. “For every service that executable, investíamos one thing: equipment, hire staff, a headquarters. Negotiable time with suppliers. It is an adventure, you must risk,” says Pedro Rodrigues.
‘Meet the activity or service to be provided is as important as structuring a business plan to seek support in public or in private loans. It is a key strategy to measure the costs and return on investment. ANJE teaches the young entrepreneurs to develop their projects and have lines of funding and competition for use of businesses that stand out, “says the chairman of the Association.
The organization has benefited from resources from European funds to support the creation of new businesses and reward initiatives to succeed. The NSRF (National Strategic Reference Framework) encourages operational agendas linked to competitiveness, the human potential and development of the area. It was in this program that Dry Car Wash received the honors as the creation of employment in 2003 and Crea tiveBitBox compete premium of inno vation this year. “The resources are being maximized to modernize the business couple in Portugal, are associated with ANJE companies in the energy sector, information, biotechnology, among others. In 2013, the resources and the end may be asked to intervene to stimulate the generation of jobs through entrepreneurship couple, “points Armindo Monteiro.
Play, Think, Start, Expand and World are the five stages of the ANJE program that teaches young people and supports the creation, structuring and management of own business. “There are young people with ideas and others with management, joined them, ensinamo them and support them to deliver their business, expand it, generate jobs. The early years are the most difficult for any company and the consultants management may be crucial to the success of these businesses, “says Mary Francis Balsemão.

The Justice said open investigation to determine the blows estelionato charged “under the noses” of the Federal Police in São Paulo. The scammers used cars seized by banks to raise financing, and disappeared with the money. Who account for details of the fraud is the reporter César Tralli.

See the Official Site of the Globe

When the owner of a car was selling the car was a surprise. They said: “As you are trying to sell a car that has sold a year ago.” She replied, “but I never sold the car.”

Another owner also took a fright. The information came from the dispatcher. “Do you have a problem with your car, it is not his,” he said.

Both were victims of estelionato. What makes this different from other con is that the cars were seized when they were traded. The seizure was made by the Federal Police in an operation against doleiros, a year and a half ago.
While were saved by the police, the cars were given as collateral for bank loans, which were never paid. The fraud involved falsifying documents and was only possible because the scammers had access to privileged information.

The coup was the interval between the seizure and the official communication about the kidnapping Detran cars. “The person who has the information she knows that the time to commit this estelionato, because when it appears in the archives of the kidnapping Detran, the person will not get any more funding on top of that vehicle,” explains the lawyer Beatriz Black Catt.

One of the cars seized was the guarantee of a loan of $ 46 thousand. Deal on a branch of Campinas. The man who took the money borrowed submitted false documents in the car name.
Two months ago, when the Justice returned the car to the rightful owner, he knew he was no longer owner. You have not signed the document of transfer of the car? “We did not sign or how, exactly because the document is still in Federal Court of Justice. The original,” says one person was injured.

We seek the man who received the loan and that the car owner said. “He is not here, no. It is time he moved.”

In another case, the original document is with the true owner. Part of the shipment remains in branco.Mas to the bank, the car is from another person. It is Edson Souza da Silva, who made the purchase with financing of $ 17 thousand. Edson find in the neighborhood where he lives in the South Zone of São Paulo. He repairs to gym equipment and was returning from work. He has financing in a bank to raise money to pay this car? “No, no, some funding, I have no idea.”

The owner did not sell Edson and not bought. Someone used his name in the negotiation. The money from the loan was deposited in the bank account of a car dealership in Campinas. But the owner of the store, Valter Fernandes Jr, shows that, on the same day they received the money from the bank, has a known amount to a business that began and requested help. “Can you do the financing for your store? At the time I said: ‘which gives clear,’” he said.

The owner of the store, it was known who dealt with the documentation and also joined the roll of the chassis of the car seized. “There is a documentary that should be all checked. At the time I checked, but the car I saw, I trusted,” says Valter. The well-known owner of the store is Jonathan Lopes Cunha. He answered the survey by estelionato, and falsification of documents in another case involving a car sale.

We were in the house of Jonathan. He did not appear. Spoke only by phone. He was not aware that the car had been seized by the Federal Police? “No no knowledge.” You had no contact in the Federal Police in Sao Paulo? “No, I do not know anybody.”

Inquiry

In the Federal Police, no one wanted to record interview. According to the superintendent, two months ago was open investigation to determine the illegal sale of seized cars, but the investigation has not reached the scammers.

The superintendent in São Paulo, Leandro Daele, said the Federal Police’s investigation identified at least five cars that changed hands as were seized in addition to two cases that show the report. According to the superintendent, the situation is serious and he does not discard the participation of police and outsourced employees in the fraud.

For one of the victims, we know that someone was giving some laps with the car seized. The electronic payment system recorded the passage of the vehicle in a shopping area of the South “I mean, they even used my car to walk.”

The banks that did the financing on the basis of false information stated that the real owners of the cars will not be prejudiced and said they are willing to cooperate with the investigation.

The manufacturer of luxury cars was crushed by a huge debt that it was difficult to refinance. The “Handelsblatt” revealed he had received a loan of 700 million euros of Volkswagen in March. It continues its negotiations with banks.
Concerns about Porsche’s ability to manage its huge debt of 9 billion euros grow. The German automaker said its continuing negotiations with banks for a loan of 1.75 billion euros, to refinance part of its debt.

According to the German business daily “Handelsblatt”, a partner in the Tribune, Porsche has already received, in March, the support of Volkswagen, the group he tried to take control before they resolve to consider a merger. His compatriot would have granted a loan of 700 million euros. Information as Porsche initially refused to comment but was eventually confirmed.

Friday, Berlin announced that he refused to provide public assistance to Porsche. But the specialist in luxury cars has been successful in obtaining an extension of its line of credit of 750 million euros from a bank. The manufacturer has yet to raise 1.75 billion euros and said to be in talks with various banks.

To get the loan from Volkswagen, the Porsche and Piech families, owners of the brand of sport, was forced to Porsche Holding GmbH as collateral, according to the weekly “Der Spiegel”. The Austrian automotive distributor control Porsche Automobil Holding SE, which will merge with its rival and fellow VW.

The automobile opened yesterday a new plant to Caligny near Flers (Orne). To be ready when the market picks up.

For more information, see our article: Faurecia opens its global mechanisms

Maintenance

Faurecia has invested 50 million euros in its new plant Caligny near Flers (Orne). What does it mean for your group?

The new plant will give us the largest in France and around the world. This will be our main factory seat mechanisms, which determine the comfort and safety of occupants of a car. Caligny deliver almost all vehicle manufacturers. It is also a center for research and development world: Here is our core competencies of those products. It will also, with the establishment of an engineering school, a training tool.

The decision was taken in 2005. Since then, the crisis has happened. You referring now?

I think yes, maybe a little differently. It is a long-term project, not a one-time investment for a production determined. We have adapted the economic calendar. We are moving gradually, step by step until 2010. This new factory is located in a strategy that adapts Faurecia by implementing cost reductions, but is out of the crisis strengthened.

Faurecia seats has reduced its workforce, including Flers …

It was a necessity for preserving the medium and long term. Flers is a global site, the center of a network of factories in Poland, China and Canada. With this new plant, we go to sites that had a bit dated to modern equipment.

The crisis will continue in the car?

We spent the worst since the first quarter of 2009 was marked by a sharp drop in automotive markets and a sharp decrease in production. We had decreases in activity of around 40%. We can, from the second semester, a limited level of improvement. The recovery will be slow and gradual.

Hamilton, Ontario, May 29 (Reuters) – Magna International (MGa.TO: Quote) is ready to work with Fiat (FIA.MI: Cotation) or d other automobile manufacturers in case of partnership “win-win”, told Reuters Thursday night co-CEO of automotive suppliers.

Don Walker did not want to talk about the fight between Magna to Fiat for the resumption of Opel, the German subsidiary of General Motors (GM.N: Quote), stressing that he was not aware of all the details of negotiations.

But he said that the possibility of an alliance was not ruled out eventually.

“When you look at the car industry, it has tended to work more heavily on different types of technology (…) So we never say never,” said Don Walker about the possibility of collaboration between Fiat and Magna.

“If there is a possibility of reaching a situation of win-win type, there is always room for collaboration”, said co-CEO of Magna.

The Strategic Investment Fund (ISF) announced Friday to take a stake of about 8% of the capital of Gemalto and will seek a seat on the Board of the specialist in digital security.

In a statement, the ISP states have acquired the contribution for an amount of 160 million euros to the investment fund TPG Capital, which will bring its share of the coup in Gemalto to about 6.5% against 14.5% previously.

Around 10:40, the title earned Gemalto 5.07% to 24.24 euros after the biggest increase in DRS at the opening of the Paris Bourse.

With the participation of 8% and a seat on the board of directors, said the ISP will “play an active role in governance” Gemalto.

“Gemalto is a playing a key role with regard to the competitiveness of the French economy and is ideally positioned in the mobile and digital world to grow in the coming years,” explains the structure of public investment.

The company last year reached an operating margin of 10.1% for a turnover of 1.68 billion euros and employs 10,000 employees. Its share price rose by almost 29% since 1 January.

Controlled 51% by the Deposit and 49% by the french state, the ISP is to invest capital to support financing of innovative SMEs, protect companies deemed strategic and the restructuring of industrial sectors.

Created last fall, with full financial crisis, and presented as the sovereign funds of France, he found himself besieged in recent months of requests from companies in difficulties.

The ISP has already taken stakes in several companies, mostly manufacturers of automotive and aerospace sectors affected by the crisis.

In particular, he ended a ticket in February of 2.35% in the round of the automotive supplier Valeo and stands ready to pay 10 million euros in late April Heuliez threatened termination payment, provided that the represented a viable business plan.

The ISF is also entered in the capital of the aerospace equipment Daher up to 17%.

Beginning in April, Gilles Michel, Director General, said that the fund was investigating about 60 cases of investment.

Stuttgart. The German manufacturer of luxury cars Porsche has confirmed that it received a loan of $ 980 million Volkswagen (VW) but insisted that he could deal with their debts. The German group failed to acquire its VW division, and instead was forced to seek a merger between the two. Porsche is on the verge of insolvency even if it is said again and again, said a company spokesperson, referring to media reports. Meanwhile, Germany mid-week to decide the new partner for Opel, a unit of General Motors Automotive beaten, after a final round of discussions with three parties: Fiat, Magna and RHJ.