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    Subaru Running Low On 2014 Foresters


    William Maley

    Staff Writer - CheersandGears.com

    June 3, 2013

    The 2014 Subaru Forester has been a great success so far. Last month, Subaru moved 9,366 Foresters, representing a 65.3% increase when compared to last year. However, Subaru is worried they might not have enough stock of Foresters to keep up with the demand.

    Yasuyuki Yoshinaga, CEO of Fuji Heavy Industries (Subaru's parent company) tells the Wall Street Journal the company originally targeted 8,000 monthly sales, but the SUV could eclipse 10,000 this month.

    "If this situation persists, we'll face a supply shortage," said Yoshinaga.

    At the moment, Subaru dealers currently have a 16 day supply of Foresters. A low number when you consider that industry average is hovering around 63 days.

    Yoshinaga said the company has all of its plants in Japan at full capacity to keep up with demand. An increase in Forester production at the moment is a dream.

    Source: The Wall Street Journal (Subscription Required)

    William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

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    Good for the dealers as they will see higher prices, higher profits. Hope they do not gouge to much on them. Course since it is not American, I would never consider it even if it was something I liked. This car surprises me as I really do not get the SUV at all as the Forrester has always been a station wagon on steroids to me.

    Reminds me of the Eagle auto's.

    GM needs a hit like this in each division that can run less than a month of on hand production. Would be good for job security and solid profits.

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    While that may be true Poncho... it is still more interesting than a CR-V or RAV-4 and hits closer to home for them too.

    Mucho Agree Oh. Bland but considerably better than either of the two you mention.

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      The transaction is another step in GM’s ongoing work to transform the company, which has delivered three years of record performance and a strong 2017 outlook, and returned significant capital to shareholders. It will strengthen GM’s core business, support its continued deployment of resources to higher-return opportunities including in advanced technologies driving the future, and unlock significant value for shareholders.
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      Additional Information
      Terms of the Agreement
      Opel/Vauxhall automotive operations will be acquired by PSA for €1.3 Bn. GM Financial’s European operations will be jointly acquired by PSA and BNP Paribas for 0.8 times their pro forma book value at the closing of the transaction, or approximately €0.9 Bn.
      The transaction has a total value of €2.2 Bn, for Opel/Vauxhall automotive operations and 100% of GM Financial’s European operations.
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      The transaction includes all of Opel/Vauxhall’s automotive operations, comprising Opel and Vauxhall brands, six assembly and five component-manufacturing facilities, one engineering center (Rüsselsheim) and approximately 40,000 employees. GM will retain the engineering center in Torino, Italy.
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      Ongoing Pension Fund Commitments
      All of Opel/Vauxhall’s European and U.K. pension plans, funded and unfunded, with the exception of the German Actives Plan and selected smaller plans will remain with GM. The obligations with respect to the German Actives Plan and these smaller plans of Opel/Vauxhall will be transferred to PSA. GM will pay PSA €3.0 Bn for full settlement of transferred pension obligations.
      Closing Conditions
      The transaction is subject to various closing conditions, including regulatory approvals and reorganizations, and is expected to close before the end of 2017.
      Warrants
      The issuance of the warrants is subject to the vote of shareholders at PSA’s General Meeting of May 10th, 2017. The three main shareholders of PSA (the French State, the Peugeot family and DongFeng) representing in aggregate 36.6% of the share capital and 51.5%7 of the voting rights of PSA have undertaken to vote in favor of the resolution related to the issuance of the warrants to GM. In the event the warrant issuance reserved to GM and its affiliates is not approved by PSA’s General Meeting, PSA will settle the €0.65 Bn in cash over five years.

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