Toyota has developed a paint regenerating

Toyota has developed a paint for coating the transparent layer, which has the ability to repair itself. This means that the various small scratches, arising, for example, washing would be a problem. Unlike a regular layer, new development, Toyota would not be so easily damaged, and will be easier to recover after deformation. Moreover, the paint does not require special care, shine and prevent dropouts increases life expectancy of the original exterior colors. Composition of paints involves closer ties of molecules, thus the structure becomes denser. All this together gives the effect of flexibility and elasticity, and resistance to sun and acids. New Toyota plans to use its development in the Lexus LS, which will be updated soon.

Suzuki prepares for centennial

Year 1909 was a fruitful among automakers. Then the light appeared Audi and Bugatti, Ford and general Motors. Since that time takes its origin Suzuki, although the company in its development had to go over the winding path. Thus, the engine production began only in 1952, when it was decided to equip the bikes motors. After another couple of years, was released the first car Suzuki - Suzilight, which was equipped with a two-stroke engine of 360 cubic meters. cm, front drive and four-wheel independent suspension. Then things went by leaps and bounds - in 1989, Suzuki made about 10 million cars per year. By the way, celebrating its anniversary, the company plans to come to grips with the implementation of technology start-stop and other innovations, presented this year in Geneva. In the company's plans have cars on hydrogen and fuel-flexible.

EU authorities will check the sale Opel until November 27

The experts of the European Commission, the chief executive body of the European Union, until 27 November will determine whether the transaction is contrary to the sale of the German automaker Opel consortium of Austro-Canadian company Magna and Sberbank of Russia's European competition laws, said on Monday AFP. Manual GM announced the sale of a controlling stake Opel consortium Magna-Savings Bank on September 10. Following the transaction, the consortium will receive 55% of the company, employees Opel - 10%, and GM reserves at its disposal 35% of the shares. Last Thursday, Magna and Sberbank gave the European Commission documents on the transaction, and now the European experts to decide whether to approve the sale automaker. The agency notes that as the executive body of the EU may require the parties to fulfill certain conditions, or to appoint a more extensive review. The main objective of the EC experts - to determine how and to what extent the implementation of the deal will affect competition in the European market. Also, Brussels should make a separate decision on the allocation of the German automaker financial assistance from the Germanic government in the amount of € 4,5 billion on the estimated date when the EC will decide on the matter, are not reported. A few days ago, said the agency, the European Commission documents on about whether the financial assistance promised by the Government of Germany, the European legislation on competition. At the same time, the EU executive body stressed that the Commission documents on intend to block the sale of Opel consortium Magna and Savings Bank, but only wants to know "whether the unacceptable (in terms of EU legislation on competition) the conditions of allocation of money." On Friday, vice president of general Motors, John Smith reported that the signing of a definitive agreement to sell the German automaker Opel consortium of Austro-Canadian company Magna and Sberbank of Russia will be held no earlier than November 3.

BMW 5 Series will stop production?

For the new BMW 5 Series Gran Turismo can be treated well, can be bad, but you can not deny the fact that this car will soon cease to exist. From the Bavarian automaker has stopped accepting applications for the fifth series sedan E-60, as of December this year scheduled to stop production. The reason - the preparation for the launch of new models and the reorganization of facilities. At the moment the representatives of the dealer network were instructed to get only "special orders" on the 5 Series cars. A future version of GT with ActiveHybrid will be available by the end of next year, if the production plan will be executed. But panic is not necessary - thanks to the timely warning in showrooms will remain a number of cars on an extreme case. "

Nissan confirms the production of three electric

At the head of the Tokyo Motor Show Nissan, Carlos Ghosn (Karlos Ghosn), confirmed that the Japanese strategic partner Renault will present ruler, consisting of three whole electric vehicles. The first of them will hatch Leaf, announced in August. In addition to his Nissan is planning to produce an electric version of the light commercial van NV200, which debuted in Geneva. Ghosn also said that the third electric will be released under the brand Infiniti: it will be a compact four-sedan. When exactly will be submitted to the third car is unknown, but there is evidence that the new Infiniti will build on the platform Leaf, which provides only electric. However, there is a chance that soon will be, and the fourth car, presented at the moment as a concept Land Glider.

The final agreement on the Opel will be signed no earlier than Nov. 3

According to him, the decision to sign a legally binding contract can be taken at a meeting of the Board of Directors of the American company on November 3. Smith said that the leadership plans to discuss the letter from the Minister of Economy and Technologies of Germany Karl-Theodor zu Guttenberg European Commission, in which he explains, does the buyer's choice for Opel from the German government financial assistance to 4,5 billion euros. "Taking into account the importance of the transaction to Opel, GM board of directors will soon hold a scheduled monthly meeting (3 November) to consider the letter Gutenberg and changes to the proposal of the consortium Magna-Sberbank, which have been made since his last examination on Sept. 9" - quoted Smith Agence France Presse. The representatives of GM on Sept. 10 announced an agreement to sell controlling interest in its German subsidiary Opel consortium Magna-Sberbank. At the same time it was signed and a preliminary agreement, bearing a recommendation that, after completion of the transaction the consortium will receive 55% of Opel, the labor collective of the company - 10%, and the GM reserves at its disposal 35% of the shares. Until recently, the signing of a definitive agreement on the division of Opel was delayed because of continuing intensive consultations between management and union representatives of the consortium automaker in Spain and Britain over the company Magna planned job cuts. The original plan Magna, part of the restructuring of European plants Opel intended to dismiss 10,5 thousand of 55 thousand, including 4,7 thousand in the UK, 4.1 thousand in Germany and 1.7 thousand in Spain. Later executives Magna reduced the number of planned layoffs in Spain to 1.35 thousand people. Last week, representatives of the consortium Magna-Savings Bank announced changes in the restructuring plan in connection with the protests voiced by the workers at Opel plants across Europe. Magna and Savings Bank announced that guarantee the preservation of 70% of production capacity in the period from 2010 to 2013 and also undertake to invest in the development of the plant in Zaragoza.

Toyota thought of third world

Toyota and its "daughter" Daihatsu working on a budget a car worth up to 10,000 dollars. His develop with an eye on emerging markets, where the popular low-cost machines. Among these countries - Russia. The car will compete with the compact from Nissan, Renault and Tata. The basis will be derived model Yaris. Production will start in the next few years.

In the United States published rating of the most economical cars

The U.S. Agency for Environmental Protection (EPA) published the ranking of the most efficient cars available in the U.S. market in 2010. As expected, nine out of ten positions in the top-10 took the hybrid model, with seven of them are made by Japanese companies, two - American and only one is of European origin. In addition to the overall ranking, the site is available and EPA-separated list of classes of machines. It "farmed out" to the Japanese and Europeans completely given the compact segment, while domestic manufacturers dominate the production cost of pickups, SUVs and minivenov.Desyat most fuel-efficient cars under the version of the Agency for Environmental Protection SSHA1. Toyota Prius2. Ford Fusion Hybrid / Mercury Milan Hybrid3. Honda Civic Hybrid4. Honda Insight Hybrid5. Lexus HS 250h6. Nissan Altima Hybrid7. Ford Escape Hybrid / Mazda Tribute Hybrid / Mercury Mariner Hybrid8. Smart ForTwo convertible and coupe with AKPP9. Toyota Camry Hybrid10. Lexus RX 450h

Volkswagen is now the most expensive in the world.

Market capitalization of the company rose to the highest amount of 296 billion euros. For these indicators, it is provided, go to the top of the world's concern from Germany and around the U.S. oil company Exxon Mobil. More than 6 times in 2008 showed growth stock car company Volkswagen. Statement of Porsche increasing its part in the Volkswagen Group to 75% was for this reason. Free car group Volkswagen shares on the market today almost never find. Owner of 42, 6% stake in VW - Concern Porsche - now controls a further 31, 5%, being the largest shareholder. Porsche auto giant to increase its stake in VW Group and 75% lack of 0, 9% of the shares. Lower Saxony, Germany belongs to the 20 percent stake in the company VW. Now owned by Volkswagen as a subsidiary of German car company Porsche AG, but actually from the middle of September. Share creator sports car in the Volkswagen now is 35, 14% after the purchase of additional 4, 89% of the group Volkswagen. Thus Porsche had acquired a majority of the board of directors of the most popular germanskogo automaker. Strangely, Volkswagen earns in a year, fifteen times more Porsche AG - 108, 9 to 7, 38 billion euros. And what of employees in the Porsche AG 11 thousand people compared to 343 thousand in Volkswagen - 30 times less.

The world market for cars, restored in 2013.

Car markets around the world reached pre-crisis levels by 2013, lead agency Bloomberg words Volkswagen CEO Martin Winterkorn. In 2009, the drop in sales will continue. Market fall to 49 million vehicles, or 17%, compared with pre-crisis peak. However, according to M. Winterkorn, recovery next year is also not guaranteed. In 2007, the world has sold about 59.2 million cars and light-duty trucks, according to IHS Global Insight. "It is clear that 2010 will be a very difficult year", - said the head of one of the largest automakers in the world. "There are increasing signs that the worst in the current crisis, we can be, and survived, but we need a lot of time to recover", - M. Winterkorn.

A car is not a luxury, but a means of lending money

The boom in consumer lending continues in Azerbaijan. People borrow money to buy whatever they can: mobile phones, furniture, white goods, computer equipment... But the greatest demand is probably for credit to buy cars. Even today, as the notorious financial crisis spreads across the world, there are queues at Baku showrooms to buy cars on credit.More cars, beautiful and newAccording to information from the Azerbaijani Transport Ministry, 250,000 cars were imported to Azerbaijan from 2004-2007. At present, 773,000 cars are registered in Azerbaijan, and there were 71 cars per 1,000 people in late 2007. The explanation for the high demand for cars on credit is quite simple. And we should begin by saying that, at present, the annual income of the average Azerbaijani makes it impossible to save enough money to buy a car over the relatively short period of two or three years. For example, according to the State Statistical Committee of the Republic of Azerbaijan, the monetary income of the Azerbaijani population from January-October 2008 was AZN 16,504.2 million, which equals AZN 1,930.7 per capita. 65.2% of this income was spent on consumer goods and 9% on taxes, social security and other expenses.And because a new car, even a modest one, costs at least AZN 11,000, the saying that "a car is not a luxury but a means of transportation" does not hold for many people. True, the Russian-made VAZ-2107 is relatively cheap on the Azerbaijani market and costs AZN 7-8,000. However, the good old "sevens," which are effectively the same as in the Soviet era, do not match the tastes of modern-day buyers. Of course, roughly the same money will buy you a relatively upscale, albeit second-hand, European or Asian-made car. But then you risk spending a lot on maintenance. All these factors brought about a trend which took final shape last year: Azerbaijanis began buying increasing numbers of new cars. And the extra import duty on second-hand cars, which was introduced in late 2006/early 2007, only strengthened this trend - encouraging dealers to introduce simplified methods of lending money to consumers.In fact, the car loan, as a banking product, is a relatively young service. Just a few years ago, buying a car on credit at an acceptable rate of interest was difficult, and only a few banks issued car loans. Today, the car loan occupies top position in the list of banking services for individuals, and virtually all the showrooms offer cars on credit. Statistically, more than 60% of the cars in Azerbaijan are purchased on credit (Fineko). Given that the interest rates on car loans are offset by rising prices and inflation, the customer does not really pay over the odds for the product and monthly instalments are not particularly burdensome for the family budget. Car loans enable customers to use the car today and pay tomorrow. Incidentally, car loans are very popular abroad, and the number of cars sold on credit amounts to 70% of total sales. In the United States and Europe, credit purchase is the only way for many people to buy the model they like quickly and affordably.The demand for car loans is growing in Azerbaijan too. The joint operations of showrooms and banks, which are popular all over the world, are gaining a foothold in Azerbaijan too. Aware that they operate in a highly competitive environment, dealerships and showrooms do their best to win over new customers and keep existing ones. They offer unique buying options; sometimes the buyer gets a free insurance policy or free oil changes for one year, maintenance discounts or company souvenirs. Sometimes dealers offer loans on better terms than banks' standard loans.There is no sales slumpAs we can see, the demand for new cars and, accordingly, car loans, is high. But what is on offer? We will have to touch upon the matter of the unfortunate global financial crisis to supply the answer to this question."In October 2008, global car sales fell to a 30-year low on world markets," say early-November reports from multinational car manufacturers.The company most affected was general Motors, with a 45% fall in sales; Ford Motors reports 30%. Plummeting sales on the US market were bound to affect Japanese manufacturers too: Nissan Motors announced a 33% fall compared to last year, Honda's sales fell by 30%, Toyota Motors' by 23%.Analysts point at falling personal incomes, mass lay-offs, higher fuel prices and the sense of insecurity as the main causes of the dwindling demand.Thankfully, the situation in Azerbaijan is different. The local offices of leading manufacturers say that no fall in demand has been observed so far.In the mean time, the National Bank of Azerbaijan has instructed the country's banking sector to tighten the supervision of, and requirements for, issuing car loans, say sources in banking circles. The National Bank is trying to reduce the risks faced by Azerbaijani banks and to protect them from the effects of the international financial crisis. The banks which are most active in issuing car loans have been forced to revise loan terms, and some of them have stopped issuing credits altogether.One of the requirements of the National Bank was to reduce the repayment period from five years to three and to raise the current down payment requirement of 20%. Because of the cut in interest rates to 10% by the National Bank, interest rates for car loans should be lowered to 15%, suggests the National Bank. So, the decision to reduce the loan repayment period was the only concession to the financial crisis made by showrooms which sell cars on credit.The Toyota showroom reports that their sales personnel sell cars with loans from four banks: Nikoil Bank, UniBank, AGBank and Pasha Bank. Cars are sold on credit at an annual interest rate of 24%, with an initial payment of 30% and a repayment period of 2 years, whereas, previously, interest rates were 19-21%, with a down payment of 10% and a repayment period of 5 years. The showroom also noted that "because these banks are short of cash for loans, talks are under way with other banks."The Subaru showroom works with Bank Respublika, which issues 5-year loans at an interest rate of 21% and a down payment of 30% (before, only 20% was paid up front, and the interest rate was 22%). We were told at the showroom that "car prices can change only if the manufacturer makes appropriate changes in its policy;" this is now stable, thus no price changes should be expected.The hyundai showroom works with the Bank of Baku. The down payment here is 25%, and 3-year loans are issued at an annual interest rate of 24%. In the past, it was 20%, 22% and 5 years, respectively.The Nissan and Ford showrooms work with the NBC Bank on the following terms: down payment 20%, interest rate 23%, and repayment period 5 years. "A revision of the loan repayment period and interest rates is unlikely," the showrooms and the bank told us.Finally, Porsche showrooms work with Bank Standard, and there has been no change in either interest rates or the repayment period there. At present, the down payment depends on the cost of the car. The repayment period is 5 years and interest rates vary from 19% to 22%. However, Bank Standard told us that it has raised its car loan interest rates from 18% to 19%, the down payment requirement from 20% to 35%, and they have reduced the repayment period from 5 to 3 years. The bank said that all the terms for car loans (percentage rates and repayment periods) will be revised in the near future, although agreements already made will not be revised.The Nikoil Bank offers 1-year car loans in euros at an annual percentage rate of 20%. The bank used to issue longer-term credits, but has now suspended them.However, a number of banks have suspended car loans. These include Atra Bank, Azerbaijan Senayye Bankasi and Kapital Bank. We were told at Kapital Bank that contracts already made with customers will remain in force without revision. The bank issued credit on the following terms: 2-year loans in manats were issued at an interest rate of 13% and 3-year loans in manats were issued at an interest rate of 12%.Strategic car loansWhen the suspended car loan programmes will resume is uncertain. We should note that, for example, a number of Russian banks have also suspended their consumer credit programmes, citing "losses which these services incur during the economic and financial crisis." Other banks have tightened requirements for borrowers. Now they will focus on the reputation of the company where the potential borrower works, the field of his or her activity and the level of university education. However, Russians remain cautiously optimistic about the future of the car market, and only 30% have decided to postpone the purchase of a car. Unfortunately, we have no equivalent statistics for Azerbaijan. What we do know, though, is that the showrooms will lose profits if banks suspend all their car loan services. Rashad Aliyev, general Motors the Toyota Centre in Baku, said that, because at least 60% of the cars in the country were sold on credit, "Sales are likely to at least halve if the banks suspend car loan services." Many dealers have already announced special, discounts for payment in cash. However, in Mr. Aliyev's opinion, "it would be problematic to make up for the absence of car loans with these types of offers."There are other statistics too. In the first three quarters of 2008, almost 55,000 cars were imported to Azerbaijan and the total number of cars imported is expected to reach a level of more than 80,000 by the end of the year. Problems with sales can cause problems for the national budget too. In August alone, car imports earned the national budget $40 million in customs revenues.Obviously, neither car manufacturers, nor dealerships, banks or the government are interested in the total suspension of consumer credit services in general Motors loans in particular, especially as the changes in sales terms in the showrooms of Azerbaijan have not affected prices. However, the annual interest rates on car loans remain as high as ever and, as we may infer from the above-mentioned facts, vary between 19% and 24% despite the National Bank's recommendation to cut interest rates to 15%. Let us also note that in neighbouring Russia, you can get a car loan at interest rates from 7% a year!Average interest rates on car loans for new cars there vary from 13.5% to 17.5% a year in roubles and 9%-11% a year in dollars or euros. But there are also some truly fantastic schemes: one of the showrooms asks its customers to pay 50% of the price of a Ford Fusion or Ford Fiesta upfront and take out a loan to pay the rest at only 4.9% a year! In other words, Azerbaijani dealerships certainly have room for improvement, especially as, despite all the concerns over the liquidity crisis, many banks still consider car loans a strategic element in the development of their businesses. This means that more dealerships will enter partnerships with banks and offer good car loans, which will spur competition in the market and should eventually drive interest rates down.

At the Tokyo Motor Show, mitsubishi will present two world premieres car market

The International Motor Show in Tokyo (Tokyo Motor Show, October 21 - November 4, 2009.) mitsubishi will present will present two world premieres: a conceptual "hybrid" car PX-MiEV concept and commercial electric i-MiEV CARGO. mitsubishi will present once again confirmed the reputation of the innovation leader. At the Tokyo Motor Show the company will present "hybrid" concept car PX-MiEV, which is a model of adaptability and economy. World premiere: the concept "hybrid" car PX-MiEV PX-MiEV is powered by two synchronous electric motors, which provide a total power of 80 hp and 200 Nm of torque, as well as petrol engine volume of 1.6 liters and power 116 hp and 200 drives the front wheels, and, moreover, works as a generator, charging the batteries. When driving on wet or snow-covered road, as well as abrupt maneuvers and accelerate automation connects the electric motor that spins the rear wheels. System wheel-drive E-4WD optimally distributes torque between the axles, and an active rear differential E-AYC (Electric-powered Active Yaw Control) practically repeats the function of Super AYC to mitsubishi will present. Also PX-MiEV is equipped with air suspension, electronically controlled. As serial electric mitsubishi will present, a concept car can recharge the battery from 100 or 200-volt outlet. Concept is equipped with a system of Driving Safety Support System in the second level (DSSS Level II), which now implements the Japanese traffic police: car receives information from the road along the optical sensors and, if there are dangerously close to other cars or pedestrians encourages drivers to be careful. Camera mounted in front of the driver, controls the movement of his eyes, allowing you to notice fatigue, and if necessary, gives voice signals. In-car upholstery seating includes deactivating allergens that neutralize odors and bacteria. The climate system saturates the air in the cabin with oxygen and negative ions, reducing fatigue and improving comfort. World premiere: a conceptual commercial car i-MiEV CARGO At the Tokyo Motor Show, mitsubishi will present will show a total of 16 cars, one of which - the concept of electric i-MiEV Cargo, which is made on the basis of serial electric i MiEV. i-MiEV Cargo is equipped with electric power of 64 liters. with. and torque of 180Nm. Without charging the battery electric vehicle can travel 160 kilometers. Volume of cube-shaped rear compartment of commercial electric two-seater is 1750 liters.

Investment in machines based on the Renault at AvtoVAZ will amount to 240 million euros

Togliatti, October 16 - RIA Novosti. Investments in production cars on the platform at AvtoVAZ Renault amount to 240 million euros, told reporters on Friday, Vice President of Strategy "AvtoVAZ" Grigorij Hvorostyanov. "These funds are designed for the next two years - before the start of production of cars on the platform of the B-0 and for the period prior to the production of cars in this category," - said Hvorostyanov. "From this amount of investment will amount to one quarter of Nissan, AvtoVAZ also invest one-quarter and half - Renault", - said Hvorostyanov. According to him, all since 2012 is scheduled to begin production of five new vehicles on the platform of the B-0, in two cars under the brand Lada, one of Nissan, the two Renault. In 2014, AvtoVAZ with Renault-Nissan Alliance platform B-0 is planning to issue 210 thousand cars.

Frankfurt Motor Show 2009: Lexus

Exposure allocated Lexus hybrid concept car LF-Ch, which represents a new stage of development Lexus, focused on a more youthful and dynamic audience, and is the first attempt to break the company in the premium C-segment. The car has three modes of driving, depending on your preference. For example, the EV mode allows for movement with minimal noise and no emissions into the atmosphere, ECO is designed for high mileage with low consumption of gasoline and a small amount of air emissions, and SPORT involves using "paddles petals" for faster shifting. Within the path, secured by the charge the battery, EV mode allows for movement in the city cycle with minimal noise and no emissions into the atmosphere, that is not available to owners of cars with hybrid drive systems srednegibridnymi. Confirming its success in the hybrid arena, Lexus introduced the full line of such vehicles. At the Lexus stand was possible to see the latest model RX 450h (299 liters. Pp., 6.3 l/100 km and 148 g / km CO2), the updated GS 450h hybrid sedan and the flagship model range Lexus - LS 600h L sedan with a full hybrid drive. In addition, the stand provided updated model of IS 250 F-Sport, the design of which the design elements used sports sedan IS F.

Card crisis came from the U.S. to Europe

Once experienced in the U.S. is booming credit card industry was now at risk. Although signs of improvements have already appeared, a high unemployment rate may well be the reason that the level of defaults on credit cards will remain high and the next year. And the wave is rolling on the side of the Atlantic to Europe. Earlier this week, some industry representatives have surprised experts by announcing a decline in July, the level of non-repayment of debt on credit cards, but the largest operator of MasterCard and Visa company Capital One has presented the growth rate of debt relief from 9,73 to 9,83%. On this basis analysts predict improvement in the overall situation, not earlier than the end of the year. Experts point out that the U.S. adopted new laws to protect consumers' interests will put pressure on profitability for a long period of time. "Business credit cards will have to painfully adjust to these changes and next year", - said Sterne Agee analyst Henry Coffey. For many years, the industry flourished. In the treatment was given 700 million cards, ie approximately 2.5 for every American. Now, in debt bondage on the cards were 44% of their holders. The problem with this was for the industry at a time when, during the economic recession, unemployment has overstepped 9%. Since the majority of operators to register steady growth of defaults on loans and the high level of write-downs, forcing them to become increasingly cautious in issuing credit cards. Despite the figures announced by Capital One, experts still believe that no later than the end of the year the situation for all operators discharged. In the end, for several consecutive months, the number of defaults on loans, which would have occurred immediately after the signing of the contract decreases. This kind of indicator that the quality of loans in the financial statements as a whole improves. In the future, new guidelines on consumer protection will hamper the sector's profitability. In particular, they prohibit the excessive increase in fees and penalty interest. Experts estimate that the revenues American Express and other operators until recently to grow at 20.5 billion dollars by masked in the contracts in small type of penalty fees and additional interest. Now, as experts believe, this figure should be the industry average half. Now managers who touched innovations, trying to find them and some positive moments. "Personally, I think that the new rules for the industry of credit cards are very useful," - said MasterCard CFO Martina Hund-Mejia in an interview with Handelsblatt, according to which, now the relationship between the consumer and the card issuing bank has become much more clearly regulated. "Even I understand that there is registered in small type, very difficult" - confessed Ms. Hund-Mejia. Implications of the United States new legislative directives already quite noticeable. Given that the possibility of using high penalty interest is limited, began to increase basic fees and interest. At the same time not as widespread as before, the practice of providing free maps associated with expensive credit card bonus programs. However, in the long-term renaissance of cash, which would be dangerous for operators of credit cards, Martina Hund-Mejia not believe. "I do not think that the number of credit cards will be less - she said. - People are too accustomed to comfort, they provide them.

Europe is waiting for a wave of defaults on consumer loans

Europe is waiting for a wave of defaults on consumer loans associated with financial losses, credit card holders in the United States, due to which U.S. banks have suffered billions of dollars in losses, writes today's newspaper RBC Daily. Experts do not rule out the pessimistic prediction that the losses by banks on credit cards to the European average will exceed 7%. According to International Monetary Fund (IMF), approximately 14% of U.S. consumer debt, amounting to 1.914 trillion dollars, will not be returned. The IMF predicts that Europe will lose 7% of total consumer debts amounting to 2.467 trillion dollars, and the most powerful blow will be the UK, which is the largest country in the region of borrowers with credit cards: credit cards where the indices of rating agency Moody "s show that the level of losses has increased from 6,4% of loans in May 2008 to 9.37% in May 2009. A British hotline for debtors National Debtline said that in May, took 41 thousand calls from consumers concerned about their outstanding debt on loans, credit cards and mortgages, compared with 20 thousand phone calls in May 2008. Judging by the statements of the service, even while no signs of reducing the number of requests. Experts point out that the United Kingdom, and other major European economies (although to a lesser extent) suffer primarily because of U.S. concerns. In the U.S., banks such as Citigroup, Bank of America, JP Morgan Chase and Wells Fargo, as well as credit card issuers such as American Express, have suffered losses in the billions of dollars in their portfolios of credit card and warned that they expect the new losses. "The concerns and fears of Europeans are quite understandable and justified, - the expert of the London School of Economics, Philip White." - "Bad" loans - a serious problem not only for banks. Instance, mortgage problems are already forced to take power in an unprecedented write-offs, which resulted a huge budget deficit. Therefore, U.S. banks going bankrupt, and dragging after him the rest of the world, and Europe is no exception. " Now the U.S. unemployment rate was the highest since 1983, reaching 9.4%, and, as predicted by the American Bankers Association, at the end of the year will be 10%, and early next year will pass this mark. "The only measures that could somehow have a positive impact on the current conjuncture - are measures to protect the common man, because the problem of non-payment primarily in the fact that people generally either jobless or have fallen under the substantial reduction in wages - the analyst Friedman Billings Ramsey Gary Townsend. - With regard to exactly what Great Britain was the most affected country in Europe, the case here in the affections of the economy of the United Kingdom to the United States. London depends on Washington's far more than Germany. "

In the Far East for recycling machines will pay half as much

Presidential Plenipotentiary in the Far East Viktor Ishayev proposed to increase premiums for avtometallolom for residents of the region from 50 to 80-90 thousand dollars. In his view, the Far East, compensation should be higher than for residents of other regions. It is reported by RIA Novosti. Under the program, developed Minpromtorg, from the middle of next year for delivery to scrap the old machine Russians will receive prize of 50 thousand dollars, you can use when buying a new car. Until the end of the year is planned to dispose of 200 thousand old cars, and the funding scheme allocated 10 billion dollars. However, earlier, some experts expressed doubts that the program would be viable, because in Russia there is no recycling plants for cars. In addition, domestic vehicles are not designed for recycling. Meanwhile, similar programs operating in Europe, USA and Japan, have led to an increase in new car sales in these countries. For example, in September in Germany, sales rose 21 percent in Japan - at 3.5 per cent in Britain - at 11.4 percent. In the United States in the same month sold 23 percent fewer vehicles than last year, but during the program was a sales decline at 12 percent. In Russia, currently in force other government programs supporting Russian auto plants - soft loans for the purchase of cars assembled in this country, part of the interest rates are subsidized by the state. As of Oct. 8, banks have already issued 40 thousand 887 car loans.

Banks promise to credit the rise by the end of the year

Market credit cards and car loans can become more active and get off at the normal volume for the winter 2009-2010. But on the resumption of the mortgage to wait before the summer just is not worth it: because banks do not know what will happen to property prices. By the fall of the banks have increased lending a bit. By the winter are projected to business loans for the purchase of automobiles, credit cards, and perhaps even potrebkreditovaniya should continue to gain momentum. While credit conditions at banks draconian, but the list finstruktur providing loans is increasing. Winter-spring population lent a total of five or six financial establishments, now - more than a dozen. Auto "steer" Today, one of the most accessible, if not take credit cards, a loan to buy a car. Get a loan for buying a car can be in 11 banks (six months ago there were only five). Average effective interest rate on auto loans in the beginning of September amounted to 24.82% per annum in dollars, the first payment - from 30% to 50% of the value of the car. At large banks interest rates higher than that of small ones. For example, one of the biggest financial establishments UkrSibbank offers credit for the purchase of imported or domestically produced vehicles by 30% per annum in domestic currency, the minimum down payment - 40% of the value of auto. Maximum loan term cars - five years, some models produced in China and all the cars, produced in Ukraine and CIS countries - three years. "Ukreximbank" grants loans for the purchase of any car under 26,75% annual in U.S. dollars (one-time commission - 1.8%), the first installment - 50% of the machine, crediting period - three years. Cheapest loans - a financial institution cooperating with the official dealers. For example, Index-Bank in collaboration with Renault Finance provides loans for the purchase of Renault and Dacia cars under 5.9% per annum for term loans of one year and the first payment on the loan 25% value of the car. If the credit period more than a year, then the second year the rate rises to 21,9% per annum, regardless of the amount of the first payment. In the crisis banks are trying not to lend to low-cost ( "Tavria", Vaz, "Niva") and very expensive cars (Jaguar, Porsche, Bentley), as both cheap and expensive cars in the low-liquid market, they are hard to sell. Mainly provides loans to buy cars mid-priced segment of the cost from $ 10-15 thousand to $ 40-50 thousand Projected administrator Vinnitsa branch of OTP Bank "Bogdan Ropotilova, the winter market car loans will become even more active and can enter the normal volume. - As well as credit card market - a fast market, which is rapidly rising or falling, to the same trend is understandable, - said the banker. - That there is a market forecast. Why not say, for example, on the mortgage. Inconsolable Mortgages However, several banks that are present in the city, offering mortgage loans today. However, the conditions leave much to be desired. There is evidence that some of these banks went to the issuance of such mortgages, that at least partially block the delay of the previously issued loans. But at the same time, if someone really badly wants to take advantage of such a loan - he has the right to do so. Thus, "Universalbank offers a mortgage loan, subject to 50% down payment, for up to 20 years at 23.95% in dollars. Mortgage loans in "Ukreximbank" are 28% per annum in U.S. dollars plus 1.2% of the loan one time commission, the loan granted for a maximum of 10 years, the first payment - at least 40% of the value of the object. Similar conditions in the bank "Forum". "Privatbank" on its website says that extends credit to purchase real estate for 20 years at 26.64% in dollars and subject to the availability of the first installment of 30% of the cost of housing. Bank "Kievan Rus" promises a mortgage of up to five years for a relatively small interest rate of 18% in dollars, but subject to an initial contribution from a potential contributor in 40%. According to Bogdan Ropotilova, some recovery in the mortgage market really is, but. - But, in this case, correct to speak about individual transactions, rather than on the market. Calling today's processes of "market" is still very early, - said the banker. - I think that the issuance of mortgage loans is activated in the best case in the summer of next year. There are many reasons, one of them - just do not understand what will happen to property prices further: whether they will fall or rise. Cash Loans Unsecured lending consumer needs not being disseminated in the banking market. In early September, such loans are only a few finorganizatsy. Maximum loan amount - 75 thousand dollars, a term loan - up to two years, the interest rate - 28-30% per annum plus a one-time commission of about 10% and 1-2% monthly. The effective interest rate on unsecured loans - 45-60% per annum. To obtain such a loan, the monthly official salary of the borrower must be at 120-130% higher than the payment on the loan. In addition, you want to bring one or two sureties and with a high official salaries. A small number of proposals unsecured consumer lending in the banking market due to the prohibition of the National Bank to provide loans without collateral, if the bank is unprofitable. Current trend In general, in the Vinnitsa region, January-July this year, received loans totaling $ 1,730.3 million. As the General Directorate of the economy in the Vinnitsa region, it is only 29% of the issuance of the corresponding period last year. However, the volume of credit investments, compared with the corresponding date last year, increased by 12% or 809 million dollars as at 01/08/2009 was $ 7,461.3 million. The share of credit investment banking institutions in the total amount of their assets on the balance sheet date amounted to 72%. Claims on credit, compared with the corresponding date last year, increased by 15%, or 1,028.4 million dollars, and as at 01/08/2009 was $ 7,769.2 million dollars, which is 71.6 million less - compared to 01.07.2009 year. At the same time, the total amount of overdue loans for the month increased by 24.3 million and as at 01/08/2009, stood at 486.5 million dollars, which is 354.0 million, or nearly four times the rate of 01.08. 2008.

Company of the week: Volkswagen Group

What can a few dozen disgruntled customers? Five regional dealer of Volkswagen concern almost lost because of their business: Novosibirsk Transit Service »(Skoda) and Prestige Auto» (Audi), Ufa Ak Motors »(Volkswagen), Kazan" Nur-auto »(Skoda and VW) and "Avantage Euro Motors» (Skoda) of Stary Oskol (Belgorod region.) delayed the payment of PTAs passed on to customers cars. Documents withheld importer - OOO Volkswagen Group Rus (FGR) is not received from dealers money for the client machines. Courts breaks dealership agreements, requests to pay extra for cars already paid several thousand dollars, the complaint FAS. This week, the FGR for the first year, that stretch of the proceedings, formally acknowledged that there are five concerns dealers, and promised to solve all the problems in the near future. The history of relations FGR, its dealers and disgruntled customers (the degree of anger man who paid 6.78 million rubles. For two cars and not received the documents, I think, do not describe) noisy, but not unique in Russia's automobile business. And the cause of conflict is the same. Even before the crisis avtoprodavtsy in informal conversations were told that automakers need representation from Russian dealers much more than their foreign counterparts: showroom to the highest standards and most popular route, service area - always with the latest technology. Do not want to build - will not get a quota on the machine. Do not execute a sales plan - if you like Welcome to the carpet in the office. Somewhere in Spain, no one will be surprised if in the same building dealer center adjoin two Germans from the Big Three. In Russia, I see this was not necessary. And dealers risked (believing that the market will grow without stops). Borrowed and built - who is the largest area in Europe, showroom, service center who is a fantastic posts. Someone put in a short construction loans. Sales have collapsed, and the term has come to give. In other loans and mortgages are long, but creditors are intractable. With the crisis of representation became more worried for the accurate planning of sales. And dealers - a relationship with customers. Both have to thank the dozens of angry customers dealers FGR for an object lesson.

It is taken and given credit for car

You need a car right now, and save it, you can not before a few month? You can try to resolve this issue with auto loan! This banking service is now receiving increasing development. According to car dealers now up to 25-30% of cars bought on credit.

You need a car right now, and save it, you can not before a few month? You can try to resolve this issue with auto loan! This banking service is now receiving increasing development. According to car dealers now up to 25-30% of cars bought on credit.

Apply for a loan can be either directly to the bank offering such a service, and in the auto show. Last easier. When making a loan through the lounge you can save time, since the application for credit and the necessary documents are submitted directly to the cabin. Often collaborating with one compartment, several banks, which offer various loan programs.

Banks themselves impose certain requirements on borrowers. In considering loan applications will ask your passport, driver's license and workbook. Loans are issued to citizens aged 18-23 to 60 years. Experience in the last place of work must be at least 3-12 months. Of course, an important role in deciding whether to grant a loan will take the income of your family. It must be such that the monthly payment on the loan amounted to no more than 40% of the total family income. Official confirmation of income does not require all banks. Moreover, if you can not provide information on income, the bank may require circumstantial evidence of your ability to pay, for example, certificates of ownership of any large property. In the absence of information on income credit will be given a higher percentage - by 1-3 percentage points more.
Application for the credit banks consider within 1-3 days. But sometimes this period may be delayed and up to 7-8 working days.

Loan period is from 6 months to 5 years. Interest rates on loans - 0.5-15% per annum in dollars. Most of all they depend on the term loan. Lending to purchase a used car would cost by 1-5 percentage points expensive. But to buy a used car "with the hands you a loan no bank will give - only through the auto show.

Car loans from banks can be in dollars or euros. Loans, like cars and machinery produced domestically. In this case, banks require that a portion of a borrower to pay the cost of the machine itself. Down payment may be 10-50%.

In addition to the borrower's waiting for additional costs. This commission of the bank for loans ($ 100-200), as well as monthly commission of the the loan account (0,2-2% of the loan amount).

The collateral for the loan is purchased vehicle, which becomes the property of the borrower, but shall be given in pledge to the bank until the full payment of the loan.

Program auto loans are constructed so that the borrower put out a loan and the interest in equal monthly installments. When signing the contract he gets on his hands full schedule of payments, where separately listed on the monthly payment amount for principal and interest. Borrower offer loan account, which he will make money. Some banks issue customers tied to the loan account card, which can be recharged at any convenient place, for example, through the ATM. In the scheduled day, the bank automatically debits the amount from its next payment. This saves customers from the queues, which often accumulate in the banks.

Alternatively, the transfer of contributions - through post offices. But it will have to pay an additional commission of the,5% of the amount of payment.

If specified in the schedule of payments per day funds in the account does not prove, the bank thinks it is delayed and will begin to charge penalty interest. The average fine is 0,5-5% of the amount of overdue payment per day. But some banks charge a fixed penalty, as a rule, it is measured in several hundreds of dollars. Fines imposed and for early repayment. After all, in this case the bank loses the interest which he could receive at extinction for the full term of the loan.

Many banks have set a time period during which prohibits fully repay the loan, and during this period will only accept the established schedule amount. Usually, its length is from 2 to 12 months. Often, banks are ahead of taking funds borrowed from them, but penalize borrowers. The average fine is 0,5-2% of the outstanding debt on the loan.

Since bought on credit machine remains in the mortgage from the bank, he needs to insure it against theft and damage. In this case the customer can choose the policy is not any insurance company, but only the specified bank. Most of the car is insured for the full value in favor of the bank. Price policy is normally 7-10% of the cost of the machine.

The entire procedure usually takes credit for two or three weeks. If we use the scheme of express crediting period can be shortened to two to three days. Bank is considering an application for the grant of express-credit as soon as possible: from half to two hours. On the same day the customer is a credit agreement.

Another "beauty" of this credit is a minimum set of documents that require the bank. It is limited to a passport and still one of the documents such as driver's license, passports, proof of registration with the tax authorities (TIN), pension insurance certificate. The bank does not even require the borrower inquiries about income.

Save time turns out to borrowers excess money spending. After all, express loans are typically more expensive than usual to 1.8 percentage points. Loan increased rate (by 1-5 percentage points more) issue and those who do not want or can not immediately pay a specified portion of the cost of the car.

Harrowing story of one credit

Having concluded a contract of pledge in October 2009 with the Bank "C", under which the subject of the pledge was my car, for which I paid 50% of its value, I signed a year's a hassle!

And it is this. The agreement was registered, a fixed amount, which I had to pay the bank, without any interest was because for hire% not charged.

After taking the car from the passenger compartment, I put it on record and as a bona fide client of the Bank brought PTAs at my car in the bank as collateral. The girl, who took PTAs, looked at the monitor and said: "And you that second time he delivers?" I have been standing mark the surrender of your TCP! I was strained, and I asked, not it happen that when I come to pick up, paid the Bank finally, you have to be a mark that you have already given it to me?

A week later, I went to pass it, was surprised when the traffic police officers told me that for passing state vehicle inspection do I need to bring PTAs, and that is the RF Government Decree № 880 on this, and that bank employees should know about it and prevent their clients about possible difficulties in this regard.

The next day, I get time off from work and went to the Bank for PTSom and was simply dumbfounded when I was offered in exchange for my PTAs to pay a security deposit of $ 6000 dollars! Not only that they were not warned that PTAs may be needed in traffic police, so more money and they let on. This, they say, a guarantee that you will bring it back to us! Okay, do nothing, paid $ 6000., Through the cashier, they discharged me the act of issuing PTAs, under which I shall not later than 10 days to bring him back. I was assured that the deposit amount will be returned to me when I get back PTAs.

Seven days later, I, again as a bona fide customer of the bank, brought back to PTAs, but refused to return the money to me, referring to the fact they did not work Cass! Then I reviewed the outrage. I wrote a statement that now that the Bank does not perform any of its conditions prescribed by him, I too, refuse to take the TCP, but in turn, promise to pay regularly the monthly payments. I stamped on a copy of my statement, the incoming number and I left.

For six months I have regularly paid, and paid its debts in full. When I arrived at the central office to the street. Rodchelskaya to close their installments, and asked me to make a final payment minus already paid by me before 6000, my senior manager of the CO said that, it turns out, they told me they had already returned, and no recalculation will not be! I asked him to sign my paper on this subject, but the manager said with downcast eyes, that once I was so clever, then no calculation at all and will not be retired for further instruction from higher authorities.

After 15 minutes she returned and said that my debt at the moment is not a lot of not a few 60 000 dollars, because every six months, I thought they were fine for nesdannykh time PTAs, $ 300 for each day of delay! So there! I wrote another statement with a brief description of what is happening, to the Chairman of the Board of "remarkable" the Bank "C", paid the last payment through ATM and left!

Then came the calls of a head of department on work with problem customers, Aleksei Mikhailovich, the threats that I will make to the database so that I could not go anywhere abroad, that I should give them money, in general, frank extortion! I threatened the prosecutor's office, the calls stopped.

And then came the letter with a facsimile chairman of the Bank, that no delay I have no money but I have them still be in the amount of $ 6000 paid by me earlier ... This is ridiculous, citizens ... I have vouchers for the full amount that I took in the bank, and they could not get enough ...

While in our banks will operate such careless financiers, nothing good to expect from the banking system as a whole, we do not have to!