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Friday, December 4, 2009

General Motors India to tie-up with China's SAIC

General Motors India said on Friday its parent General Motors would collaborate with Shanghai Automotive Industry Corporation to develop and manufacture commercial vehicles and other products for India and exports.The collaboration, to be finalised shortly, would give the Indian unit access to mini-commercial vehicles and other products from GM's joint venture in China, the statement said. The vehicles will be produced in the company' existing two plants in India and will result in more jobs in the country, it said.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 09
21:00 6-Month Bill Auction 1 4.15% 4.15%
Tuesday, Jun 10
04:31 BRC Like-For-Like Retail Sales (YoY) 2 0.6% 2.7% 6.8%
06:00 Westpac Consumer Confidence 2 0.5% 2.2%
07:00 National Australia Bank's Business Confidence 1 2 -1
07:00 National Australia Bank's Business Conditions 1 0 2
11:30 Employment Change (3M) 3 112K
11:30 Average Earnings Including Bonus (3Mo/Yr) 2 5.5% 5.5%
11:30 ILO Unemployment Rate (3M) 3 4.6% 4.5%
11:30 Claimant Count Rate 2 4.5%
11:30 Average Earnings Excluding Bonus (3Mo/Yr) 2 5.4% 5.6%
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