1 ", -Ê iÃÖÃÊ Û>ÀiâÊ`i Ê >ÃÌ Ê6°ÊÊ À}iÊ Û>ÀiâÊ`i Ê >ÃÌ Ê<°Ê
/", , /",Ê >À ÃÊ Û>ÀiâÊ`i Ê >ÃÌ Ê °Ê
!"Ê8 8Ê/" "Ê
888 Ê 2 ,"ÊÎxÓ
%
-
$ Ê
$035&4¶" t $)&730-&5
1034$)& .6&453" &- .Á4$6-0 $0/ -" ."$"/ (54
YYYZ 1ÈHJOB DJODP
=QPKO (6"%"-"+"3" +"- 4~#"%0 %& 0$56#3& %&
YYYZÊ*?} >ÊVÕ>ÌÀ Ê
$BNBSP
BIPSB DPO UVSCP
-Õ«iÀÛ Ã À\Ê-iÀ} Ê" Ûi À>Ê Ûi À>J v À >` À°V ° ÝÉÊ >À Ê >ÃÌ Ê >À °V>ÃÌ J v À >` À°V ° Ý
&9)*#*$*»/ 50,*0 .0503 4)08 '0504 &- */'03."%03 t 4 0-*7&*3"
.B[EB
GVF MB SFJOB Aj qj o]h j `kj`a lna`kiej] hk aspn]Ǘ]c]jpa( qj `alknpeǗk _h oe_k oa nk^ h]o ien]`]o
.";%" 39 7JTJPO
50:05" ,JLBJ
-P EJGFSFOUF EF FTUF TBMÂO EF BVUPNÂWJMFT DPNJFO[B DPO FM NJT NP FEJGJDJP &M #JH 4JHIU VCJDBEP BM MBEP EF MB IFSNPTB CBI½B EF 5PLJP NVFTUSB DVBUSP QJS²NJEFT JOWFSUJEBT Z BCSJHB FM NBZPS DFO USP EF DPOWFODJPOFT OJQÂO EPOEF MBT NBSDBT MPDBMFT IBDFO BMBS EF EF TV DSFBUJWJEBE QBSB QPOFS FO FTDFOB B BVUPT RVF OP FODBKB S½BO FO OJOHÈO MVHBS RVF OP GVFSB +BQÂO &YDFQUP QPS .B[EB $VSJPTBNFOUF GVF KVTUP MB NBSDB EF )JSPTIJNB RVF BCSJÂ FM UF MÂO BM NPTUSBS FM EFQPSUJWP 39 7JTJPO 1FTF B RVF BÈO FT VO DPODFQ UP FM BVUP EF DPGSF MBSHP USBTFSB DPSUB Z NPUPS SPUBUPSJP T½NCPMP BCTPMVUP EF MB NBSDB GVF FM N²T BQMBVEJEP Z GPUPHSBGJBEP EF UPEB MB GFSJB 5FOFS VOB GPUP QSPQJB EF ¹M FSB UBSFB NVZ DPNQMJDBEB UBNB ÁB MB BUFODJÂO RVF QSPEVKP EVSBOUF UPEP FM E½B EFEJDBEP B MPT NFEJPT %FTBGPSUVOBEBNFOUF UBNQPDP GVF QPTJCMF FODPOUSBS N²T JO GPSNBDJÂO DPNP QPUFODJB P UBNBÁP EFM NPUPS .B[EB TJNQMFNFO UF OPT NPTUSÂ RVF TJHVF FO VOB SBDIB BCTPMVUBNFOUF QPTJUJWB EF EJ TFÁP Z DSFÂ BMHP RVF FODPOUSBS² QBSBMFMP TÂMP FO BVUPT 1SFNJVN DPNP FM +BHVBS ' 5ZQF P FM .FSDFEFT #FO[ ".( (5 $PNP MB NBS DB EJG½DJMNFOUF IBDF VO DPODFQUP RVF OP MMFWF B QSPEVDDJÂO RVFEB MB FTQFSBO[B EF RVF MP WFBNPT FO MB WJEB SFBM FO BMHÈO NPNFOUP EFM GVUVSP %F MB NJTNB NBOFSB RVF WFSFNPT FM DSPTTPWFS ,PFSV RVF FT NBZPS RVF MB $9 NFOPS RVF MB GVUVSB $9 Z TF WJP FO 5PLJP MVFHP EF BQBSFDFS QPS QSJNFSB WF[ FO 'SBOLGVSU &M NPEFMP OPT JO EJDB RVF MB $9 QPES½B SFWJWJS QSPOUP /JTTBO UBNCJ¹O UVWP VOB QBSUJDJQBDJÂO JNQPSUBOUF NPTUSBO EP 5FBUSP GPS %BZ[ VO NPOPWPMVNFO RVF FTU² QFOTBEP QBSB MB BD UVBM HFOFSBDJÂO EF KÂWFOFT KBQPOFTFT RVF CVTDBO N²T DPOFDUJWJ EBE RVF MPT BVUPNÂWJMFT %F JHVBM NBOFSB NPTUSÂ VO QSPUPUJQP EF VO BVUP EF DPOEVDDJÂO BVUÂOPNB MMBNBEP *%4 Z VO DPODFQUP EF EFQPSUJWP QBSB FM WJEFPKVFHP (SBO 5VSJTNP FM 7JTJPO RVF TF IJ[P SFBMJEBE FO FM TBMÂO
YYYZ $0/5*/Á" &/ -" 1«(*/" %04
/*44"/ *%4 $PODFQU 46#"36 7J[JW
Ê ", ", &- */'03."%03
1~(*/" #
4 CBEP EF PDUVCSF EF
&TUÏUJDB BMUFSOBUJWB -P N²T P NFOPT OPSNBM OP GVF NVDIP N²T BMM² EF FTP Z UFSNJOÂ DPO FM DPODFQUP 7J[JW EF 4VCBSV RVF NVFTUSB DÂNP EFCF TFS MB GVUVSB 0VUCBDL 1FSP 5PZPUB UVWP DPTBT DP NP FM ,JLBJ VO BVUP EJTFÁBEP QBSB USFT QBTBKFSPT DVZP QSPQÂTJUP EF EJTFÁP FT NPTUSBS iMB CFMMF[B EF TVT DBTJ TJFNQSF FTDPOEJEBT QBSUFT NFD²OJDBTw #JFO FM IFDIP FT RVF FM N²T RVF SBSP BVUP OPT EF KB WJTMVNCSBS FM NPUPS MB TVTQFOTJÂO Z WBSJPT EFUBMMFT N²T EF VO DPDIF DVZB DPO EVDDJÂO TFS½B GSPOUBM DPO EPT BTJFOUPT EF US²T EFM QJMPUP /P QBSFDF TFS N²T RVF VO FKFSDJDJP EF EJTFÁP RVF TPSQSFOEFS½B IBTUB B MPT OJQPOFT TJ MMFHBSB B TFS QSPEVDJEP %FOUSP EF MBT NBSDBT PDDJEFOUBMFT TP MP MPT BMFNBOFT FTUVWJFSPO QSFTFOUFT QFSP DPO QPDBT OPWFEBEFT #.8 QPS FKFNQMP NPTUSÂ TV OVFWP 4FSJF FO PSJFOUF QPS QSJNF SB PDBTJÂO .*/* UBNCJ¹O IJ[P MP QSPQJP DPO FM $MVCNBO "VEJ FYIJCJÂ MPT OVFWPT " Z 2 NJFOUSBT 7PMLTXBHFO DBTJ EF NBOFSB EJTDSF UB NPTUSBCB MB OVFWB 5JHVBO 1PSTDIF MFWBO UÂ MB NBOP QBSB BOVODJBS MB .BDBO (54 QF SP TÂMP .FSDFEFT #FO[ UVWP SFTQFUP TVGJDJFOUF QPS VO TBMÂO RVF MMFHÂ B TV FEJDJÂO OÈNFSP NPTUSBOEP TFÁBMFT EF EFCJMJEBE BOUF MB DPNQFUFODJB EF MBT GFSJBT TJNJMBSFT IF DIBT FO $IJOB -PT HFSNBOPT EFKBSPO WFS FM DPODFQUP 7JTJPO 'PS 5PLZP RVF QBSFDF FOUFO EFS QFSGFDUBNFOUF CJFO MBT SBSF[BT FTU¹UJDBT EFM MVHBS -BSHP Z OP NVZ BMUP DPO JONFOTBT SVFEBT EF QVMHBEBT Z DPO MVDFT B[VMFT BM NFKPS FTUJMP EFM iUVOJOHw OJQÂO FM BVUP QBSF DF DVBMRVJFS DPTB NFOPT FM USBEJDJPOBMNFOUF FMFHBOUF .FSDFEFT #FO[ BM RVF NVDIPT FTUB NPT BÈO BDPTUVNCSBEPT .JFOUSBT BGVFSB FM TPM CSJMMBCB DPO VOB QPDP DPNÈO JOUFOTJEBE FM #JH 4JHIU FSB VOB GFTUJWBM EF NPUPDJDMFUBT TJMMBT EF SVFEBT NP UPSJ[BEBT Z IBTUB DBQBDFT EF DBNJOBS QPS DB TJ UPEPT MPT UFSSFOPT USJDJDMPT BVUPT RVF QB SFD½BO DMPTFUT Z DBNJPOFT FOUSF FMMPT VOB EF MBT FTUSFMMBT EFM TBMÂO FM .JUTVCJTIJ 'VTP 4V QFS (SFBU 7 4QJEFS RVF FO MVHBS EF MB DBKB EF DBSHB DPOUFO½B DVBUSP HSÈBT RVF KVOUP B MPT CSB[PT EF TVTUFOUBDJÂO EBCBO MB JNQSFTJÂO EF RVF TBMES½B DBNJOBOEP TPCSF UPEP MP RVF BQB SFDJFSB EFMBOUF EF ¹M NJFOUSBT BCSB[BCB USPO DPT FO FM DBNJOP 4½ FM 4BMÂO EF 5PLJP ZB OP NPTUSÂ FM CSJ MMP EF IBDF BMHVOPT BÁPT :B OP TF WF½BO NBS DBT DPNP MBT FTUBEPVOJEFOTFT DPO MB FYDFQ DJÂO EF '$" 'JBU $ISZTMFS "VUPNPCJMFT RVF FYIJCJÂ BMHVOPT "MGB 3PNFP Z +FFQ SPEFBEPT QPS CFMMF[BT PSJFOUBMFT WFTUJEBT EF NBOFSB QSPWPDBUJWB 1PS FTUP FO VO NBS EF SBSF[BT MF UPDÂ B .B[EB EBS MB DBSB QPS FM 0SJFOUF Z NPT USBS FM RVF GVF TJO EVEB FM BVUP EFM TBMÂO 4FSHJP 0MJWFJSB 5PLJP
-*7&*3"
3 t 4 0
3."%0
&- */'0
/*44"/ $PODFQU &- */'03."%03 t 4 0-*7&*3"
.&3$&%&4 #&/; 7JTJPO 5PLZP $PODFQU
&'&
)0/%" /49
&- */'03."%0
3 t 4 0-*7&*3"
.*546#*4)* 'VTP 4VQFS (SFBU 7 4QJEFS
"'1
'*"5 .PTUSØ EJWFSTBT WFS TJPOFT EFM
Ê ", ", &- */'03."%03
4 CBEP EF PDUVCSF EF
1~(*/" #
H] i]n_] `a hko _q]pnk ]nko lnaoajp] qj] jqaǗ] bkni] `a oajpen ah hqfk aj ah =4 "VEJ BOVODJÂ B TV OVFWP JOUFHSBOUF EF MB GBNJMJB " DPO BQFMMJEP - 4QPSU 4F USBUB EF VO BVUP RVF DVFO UB DPO QSFTUBDJPOFT JOUFSFTBOUFT EFOUSP EFM TFDUPS EF MPT TFEBOFT EF MVKP $PO ¹M MB NBSDB CVTDBS² DPO RVJTUBS B RVJFOFT CVTDBO VOB PQDJÂO EF HSBO MVKP 6TBOEP MB FMFHBODJB DPNP DBSUB EF QSFTFOUB DJÂO FTUF NJFNCSP EF MB GBNJMJB "VEJ JSSBEJB TP CSJFEBE 6OB QBSSJMMB BNQMJB GBSPT DBTJ TJN¹USJDPT M½OFBT BMBSHBEBT SJOFT EF QVMHBEBT EF EJ²NFUSP Z NFOPT EFUBMMFT FO DSPNP GPSNBO QBSUF EF MB iTFO DJMMBw DBSB EFM DBSSP HFSNBOP 0CFEFDJFOEP B MB QSFNJTB RVF EJDF NFOPT FT N²T "M JOUFSJPS EFM - 4QPSU MB TPCSJFEBE RVFEB FO TF HVOEP U¹SNJOP QVFT MB GJSNB C²WBSB IBDF VOB QFRVF ÁB FYQPTJDJÂO EF MVKP Z EFUBMMFT RVF CVTDBO FM BHSB EP EF MPT TFHVJEPSFT EFM TFHNFOUP "TJFOUPT GPSSBEPT FO QJFM DPO DPTUVSBT EF iEJBNBOUFw )FBE VQ EJTQMBZ UFDIP QBOPS²NJDP TJTUFNB EF JOGP FOUSFUFOJNJFOUP (14 TPOJEP EF BMUB GJEFMJEBE Z MB QPTJCJMJEBE EF QFS TPOBMJ[BS FM WFI½DVMP B QMBDFS EBO GPSNB BM QFRVFÁP EFSSPDIF EFM IBCJU²DVMP EF FTUF MVKPTP TFE²O
&MFHBODJB Z EFQPSUJWJEBE
1SFTUBDJPOFT TVQFSJPSFT &M UFNB EF MB NFD²OJDB QSPNFUF DBVUJWBS BM NFOPT FO UFPS½B QVFT FM JNQVMTP EFM WFI½DVMP TFS² QSPWJTUP QPS VO NPUPS 7 EF MJUSPT DPO VO UVS CPDBSHBEPS QPS CMPRVF Z DBCBMMPT EF GVFS[B DBCBMMPT N²T RVF TV QSFEFDFTPS TFHÈO MPT EBUPT EFM GBCSJDBO ³Ê " UF &M UPSRVF EF FTUF EF QPSUJWP EF MVKP FT EF MJCSBT QJF Z DPO FT UF DPOKVOUP BMDBO[B VOB WFMPDJEBE N²YJNB EF LN I EF BDVFS EP B MPT EBUPT EF "VEJ -B USBOTNJTJÂO FT 5JQUSPOJD EF PDIP WFMPDJEBEFT Z MB GBNPTB USBDDJÂO i2VBUUSPw FT EFDJS DPO USBDDJÂO FO MBT DVBUSP SVF EBT 1PS PUSB QBSUF MB EJSFDDJÂO TFS² FMFDUSPNFD² OJDB Z MB TVTQFOTJÂO EFMBOUFSB EF DJODP CSB[PT Z BM UVSB BKVTUBCMF DPO EJGFSFOUFT NPEPT EF NBOFKP UBNCJ¹O GPSNBS²O QBSUF EF MB NFD²OJDB EFM "VEJ " FO FTUB WFSTJÂO &M BVUP UFOES² MB DBQBDJEBE EF BWJTBS BM DPO EVDUPS EF EJWFSTBT GBMMBT EFM NPUPS QVFT MBT BTJT UFODJBT RVF PGSFDF FM BVUPNÂWJM TPO EF WJUBM JNQPS UBODJB &OUSF MBT N²T EFTUBDBEBT FO FM TFHNFOUP EF TFHVSJEBE TF FODVFOUSBO GSFOPT "#4 Z EJTUSJCV DJÂO FMFDUSÂOJDB EF GSFOBEP DPOUSPM FMFDUSÂOJDP EF FTUBCJMJEBE BTJTUFOUF EF DPOUSPM EF USBDDJÂO GSFOP EF NBOP FMFDUSPNFD²OJDP NPOJUPS EF QSFTJÂO EF MMBOUBT FUD¹UFSB &O DPOGPSU FM " PGSFDFS² DMJNBUJ[BEPS EF DVBUSP [POBT DPMVNOB EF EJSFDDJÂO BKVTUBCMF FO BMUVSB Z QSP GVOEJEBE JMVNJOBDJÂO JOUFSOB EF -&% NFNPSJB FO MPT BTJFOUPT Z GVODJÂO EF NBTBKF WJESJPT BDÈTUJDPT TP OJEP #PTF D²NBSB Z TFOTPSFT EF SFWFSTB TFOTPS EF MMVWJB BTJFOUPT DPO DBMFGBDDJÂO FOUSF PUSPT &TUBT TPO TÂMP BMHVOBT DBSBDUFS½TUJDBT RVF FM " DPOUJFOF FO FTUB WFSTJÂO -B NBSDB UBNCJ¹O BOVODJB RVF FM DPDIF DPOUBS² DPO EJWFSTPT QBRVF UFT Z WBSJPT PQDJPOBMFT B FMFHJS Z FTUPT QPES²O PS EFOBSTF TFHÈO FM NFSDBEP B EPOEF MMFHVF 1PS ÈMUJNP "VEJ EJP B DPOPDFS FM QSFDJP CBTF EFM " - 4QPSU EF NJM EÂMBSFT Z QPS MP QSPO UP ZB FTU² EJTQPOJCMF FO MPT QSJODJQBMFT DPODFTJPOB SJPT EF MPT &TUBEPT 6OJEPT
*/%6453*" &%*$*»/ &41&$*"-
4VCF FM WPMVNFO .JUTVCJTIJ JODPSQPSB VOB OVFWB WFSTJØO EFM .JSBHF DPO MB EFOPNJOBEB 3PDLGPSE 'PTHBUF &EJUJPO $POTJEFSBEP QPS MB QSPQJB .JUTVCJTIJ DPNP iFM BV UP N²T FGJDJFOUF Z SFOEJEPS B HBTPMJOB FO MPT &TUB EPT 6OJEPTw UFOES² VOB OVFWB WFSTJÂO 4F USBUB EFM .JUTVCJTIJ .JSBHF 3PDLGPSE 'PTHBUF &EJUJPO FM DVBM USBFS² DPOTJHP NFKPSBT EF UJQP FTU¹UJDBT -BT NPEJGJDBDJPOFT TFS²O OPUPSJBT QVFT FO FM JOUFSJPS FTUB FEJDJÂO JODPSQPSB CPDJOBT EF XBUUT DPOUSPMFT EF BVEJP BM WPMBOUF TJTUFNB #MVF UPPUI QBSB USBOTNJUJS EBUPT Z DPOUFTUBS MMBNB EBT WPMBOUF GPSSBEP FO ³Ê " QJFM DPOUSPM EF DSVDFSP Z VO TJTUFNB EF TPOJEP B NFEJEB RVF JODMVZFO EPT TVCXPPGFST EF QVMHBEBT FWJEFOUF NFOUF UPEP EF MB SFDP OPDJEB NBSDB 3PDLGPSE 'PTHBUF FOUSF MPT EFUB MMFT N²T EFTUBDBEPT -B NBSDB KBQPOFTB BOVODJB RVF MBT QSFTUBDJP OFT TFS²O JHVBMFT FO DVBOUP B SFOEJNJFOUP Z QPUFO DJB &M DBSSP UFOES² VO DPTUP EF NJM EÂMBSFT Z TF FTQFSB RVF FTUB FEJDJÂO FTQFDJBM FTU¹ B MB WFO UB FO MBT TFNBOBT QSÂYJNBT FO &TUBEPT 6OJEPT $035&4¶" t .*456#*4)*
5&$/0-0(¶" "EFNÈT EFM TJTUFNB RVF 3PDLGPSE 'PTHBUF EPUBSÈ FO FM .JSBHF UBNCJÏO DPOUBSÈ DPO DPOFDUJWJEBE
.&+03"%0 $PO NFOPT DSPNP Z NÈT FMFNFOUPT GVODJPOBMFT FM " DPCSB MVT USF DPO FTUB WFSTJØO
$035&4¶" t "6%*
Ê ", ", &- */'03."%03
1~(*/" #
4 CBEP EF PDUVCSF EF
-"/;".*&/50 $)&730-&5 $"."30 '0504 $035&4¶" $ «-7"3&;
1BSB UBUVBSTF FO MB QJFM
$035&4¶" t $)&730-&5
3"%*$"- "TÓ MVDF MB OVFWB GJ TPOPNÓB JOUFSJPS EFM $BNBSP
-*450 1"3" $0.1&5*3 &M .VTUBOH Z FM $IBMMFOHFS UJF OFO FO FM $BNBSP B VO EJHOP SJWBM
Ah ?]i]nk hhac] ] oq oasp] cajan]_e j( t hk d]_a _kj kncqhhk &YJTUFO QMBDFSFT JODPNQSFOEJEPT QBSB FM TFS IVNBOP FO MPT DVBMFT MB SB[ÂO FM TFOUJEP DPNÈO Z MB MÂHJDB OP KVFHBO VO QBQFM SFMFWBOUF Z MP JNQPSUBOUF TF DFOUSB FO MB FNPDJÂO FO MPT TFOUJNJFOUPT Z MB GFMJDJEBE 1BSB MPT BNBOUFT EF MB QPUFO DJB MB GFMJDJEBE QVFEF EFGJOJSTF FO WFMPDJEBE SVJEP FYUSFNP EFM NPUPS Z BESFOBMJOB Z UPEP FTUP MP UJFOF FM OVFWP $BNB SP RVF FO TV TFYUB HFOFSBDJÂO MVDF MJTUP Z QSFQBSBEP QBSB BMDBO[BS B TVT DPNQFUJEPSFT FO VO TFHNFOUP FO FM DV²M MBT NBSDBT TF UBUÈBO FO MB QJFM &TUB FT MB TFYUB HFOFSBDJÂO EFM FNCMFN²UJDP NPEFMP EF $IFWSPMFU RVF WJFSB MB MV[ QPS QSJNFSB WF[ FO TFQUJFNCSF EF WFOEJ¹OEPTF FOUPODFT DPNP NPEFMP A 1FSP BIPSB BÁPT EFTQV¹T Z NVDIB UFDOPMPH½B QPS EFMBOUF FM $BNBSP PGSF DF VO OVFWP Z N²T SPCVTUP EJTFÁP FYUFSJPS FO DPNQBSBDJÂO DPO TV QSFEFDFTPS HBOÂ GVFS[B Z QFSEJÂ QFTP BEFN²T RVF BHSFHB VOB OVFWB PQDJÂO EF NPUPSJ[BDJÂO RVF TF VOF B TVT 7 Z 7 &O TV FYUFSJPS FM $BNBSP MVDF N²T BHSFTJWP DPNQBSB EP DPO FM NPEFMP BOUFSJPS MB QBSSJMMB JOGFSJPS FT EF NBZPS UB NBÁP MBT MVDFT EFMBOUFSBT TPO NBT BMBSHBEBT Z FTUJMJ[BEBT BEFN²T RVF BIPSB JOUFHSBO JMVNJOBDJÂO -&% NJFOUSBT RVF MBT MVDFT JOUFSNJUFOUFT DBNCJBO B MPT DPTUBEPT FO VO BDPNP EP WFSUJDBM JOUFHS²OEPTF B MBT TBMQJDBEFSBT &M USB[BEP EF MBT M½OFBT MBUFSBMFT FT CJFO EFGJOJEP UBOUP FO FM GSFOUF DÂNP FO MB QBSUF USBTFSB EFM EFQPSUJWP NJFOUSBT RVF TV DPGSF Z UFDIP QSFTFOUBO GPSNBT MJHFSBNFOUF POEVMBEBT DSFBOEP VOB DPNCJOBDJÂO EF WFMPDJEBE Z BHSFTJWJEBE MPT SJOFT EF DJODP CSB[PT Z TV EPCMF FTDBQF MF BHSFHBO MB EFQPSUJWJEBE RVF TF OFDFTJUB QBSB BUSBQBS NJSBEBT EF QSPQJPT Z FYUSBÁPT &O TV JOUFSJPS FM $BNBSP DBNCJB EF NBOFSB GBWPSBCMF TV EJTFÁP FT N²T MJNQJP Z TFODJMMP TPCSF UPEP FO FM UBCMFSP Z DPOTPMB MBT TBMJEBT EF BJSF BDPOEJDJPOBEP EBO MB JNQSFTJÂO EF QFRVFÁBT UVSCJOBT Z DVFOUBO DPO BDBCBEPT FO NFUBM NJT NPT RVF TJSWFO QBSB PQFSBS MB UFNQFSBUVSB Z QPUFODJB EF MB
TBMJEB EFM BJSF &O MB QBSUF DFOUSBM TVQFSJPS EF MB DBCJOB TF JO UFHSB MB QBOUBMMB U²DUJM QBSB FM NBOFKP EF MB SBEJP FM TJTUFNB 0O4UBS NFOÈT QSJODJQBMFT Z DPOGJHVSBDJPOFT Z MB UFDOPMPH½B "QQMF$BSQMBZ RVF QFSNJUF DPOFDUJWJEBE EF FTQFKP DPO UFM¹ GPOPT EF "QQMF B QBSUJS FM NPEFMP EF J1IPOF
.FKPSB MB WJTJCJMJEBE 6OB EF MBT DPTBT RVF MMBNBO MB BUFODJÂO EFM $BNBSP FT RVF HBOB WJTJCJMJEBE DPO SFGFSFODJB BM NPEFMP BOUFSJPS OP DPO FTUP RVFSFNPT EFDJS RVF BIPSB MB WJTJCJMJEBE FT FYDFMFOUF QF SP TJ MP TVGJDJFOUF QBSB DPOTJEFSBS FM FTQFKP SFUSPWJTPS DPNP VOB BZVEB Z OP DPNP VO BDDFTPSJP EF EJTFÁP TJNQMFNFOUF -PT BDBCBEPT EFM JOUFSJPS TPO EF CVFOB DBMJEBE TJO FN CBSHP MPT UFSNJOBEPT OP TPO FYDFMFOUFT DBCF TFÁBMBS RVF MPT NPEFMPT RVF TF QSPCBSPO TPO EF QSF QSPEVDDJÂO QPS MP RVF FTQFSBNPT RVF FTUPT EFUBMMFT TFBO DPSSFHJEPT BM NP NFOUP EF UFOFS MPT WFI½DVMPT FO FM NFSDBEP $PO SFGFSFODJB B MB NPUPSJ[BDJÂO FM $IFWSPMFU $BNBSP DPOUBS² DPO USFT QSPQVMTPSFT VO NPUPS MJUSPT DPO DJMJO ESPT DPO EFTQMB[BNJFOUP FO 7 FM DV²M BVNFOUB DBCBMMPT EF GVFS[B Z MJCSBT QJF EF UPSRVF DPO SFTQFDUP BM NPEFMP &O FM NPEFMP 7 FM $BNBSP FT MJCSBT N²T MJHFSP JO UFHSBOEP VO NPUPS MJUSPT DPO DBCBMMPT EF GVFS[B N²T RVF MB WFSTJÂO Z MJCSBT QJF B EJGFSFODJB EF MBT RVF DPOUBCB FM NPEFMP BOUFSJPS BEFN²T FO FTUF BÁP FM $BNBSP JOUSPEVDF VO OVFWP NPUPS FM MJUSPT UVSCP DPO DBCBMMPT EF QPUFODJB Z MJCSBT QJF Z DPO VOB EJGFSFODJB EF QFTP EF MJCSBT DPO SFMBDJÂO BM NPEFMP 7 5PEBT MBT NPUPSJ[BDJPOFT DPOUBS²O DPO PQDJÂO EF DBKB NBOVBM EF TFJT WFMPDJEBEFT Z BVUPN²UJDB EF PDIP NBSDIBT
$POEVDDJ°O " QFTBS EF NBOFKBS QPDP N²T EF DJODP IPSBT FM $BNBSP
FO MBT DBSSFUFSBT FTUBEPVOJEFOTFT OP QVEJNPT QSPCBSMP B GPOEP FO TJUVBDJPOFT EJWFSTBT DPNP DVSWBT ZB RVF MBT SFD UBT QBSFD½BO JOUFSNJOBCMFT TJO FNCBSHP FM $BNBSP TF EFTFN QFÁB EF VOB NBOFSB FYUSBPSEJOBSJB FO MB DPNVOJDBDJÂO EF TFOTBDJPOFT FOUSF FM WPMBOUF Z MB EJSFDDJÂO EFQFOEJFOEP MB NPEBMJEBE RVF TF MF RVJFSB EBS BM BVUP UFOJFOEP DPNP PQDJP OFT FM NPEP EF QJTUB DBSSFUFSB Z TQPSU BEFN²T MB WFSTJÂO DJMJOESPT PGSFDF PQDJPOFT EF TPOJEP QBSB FM FTDBQF EFQFO EJFOEP TJ TF RVJFSF FTDVDIBS N²T DPO MB PQDJÂO EF QJTUB P TJ MP RVF TF CVTDB FT BMHP N²T EF EJTDSFDJÂO DPO MB PQDJÂO 5PVS &O MB DBSSFUFSB NBOFKBNPT MBT WFSTJPOFT DPO USBOTNJ TJÂO NBOVBM EF MPT NPEFMPT 7 34 Z 7 44 &TUB DBKB OPT QBSFDF QSFDJTB Z FM FNCSBHVF UJFOF VOB QFSGFDUB SFMBDJÂO Z TJODSPO½B DPO FM BDFMFSBEPS TPCSF UPEP FO MB WFSTJÂO 7 -B QPTJDJÂO EF NBOFKP EFM $BNBSP TF BEBQUB QFSGFDUBNFO UF BM DPOEVDUPS TJO JNQPSUBS FM UBNBÁP EF ¹TUF ZB RVF DVFOUB DPO VO WPMBOUF EF QPTJDJPOFT UFMFTDÂQJDP BQBSUF EF MPT BKVTUFT ZB FT UBCMFDJEPT EFM BTJFOUP 6O EFUBMMF B TFÁBMBS FT MB GBMUB EF TPQPSUF MVNCBS BKVTUBCMF TPCSF UPEP QBSB FM BTJFOUP EFM DPOEVDUPS -B IBCJUBCJMJEBE EFOUSP EFM WFI½DVMP FT BHSBEBCMF QBSB DPOEVDUPS Z QBTBKFSP MPT BTJFOUPT EF MB CBODB USBTFSB OP OPT TPSQSFOEFO BM TFS JOTVGJDJFOUFT QBSB RVF VOB QFSTPOB JODMV TJWF VO OJÁP WJBKF EF NBOFSB DÂNPEB EFOUSP EFM WFI½DVMP -B JOTPOPSJ[BDJÂO FT CVFOB TJO QFSEFS FM BSNPOJPTP SVJEP EFM NPUPS Z FTDBQF RVF EBO MB TFOTBDJÂO EF VO NBOFKP EFQPSUJWP %F FTUB GPSNB FM $BNBSP FTUBS² B MB WFOUB FO OVFTUSP QB½T B QBSUJS EFM QSJNFS USJNFTUSF EFM BÁP FOUSBOUF DPNFO [BOEP DPO MBT WFSTJPOFT 7 Z 7 DPO PQDJPOFT EF DBKB NB OVBM P BVUPN²UJDB -B WFSTJÂO 5VSCP Z DPOWFSUJCMF FTUB S²O EJTQPOJCMFT FO FM TFHVOEP USJNFTUSF EFM BÁP "ÈO OP TF DVFOUB DPO QSFDJPT QBSB OJOHVOB WFSTJÂO BVORVF TF QSFW¹ RVF FTU¹O MJTUPT BOUFT EF GJOBMJ[BS $¹TBS MWBSF[ -JODPMO /FCSBTLB
3"%*0(3"'¶" "/", 2.0L Turbo, 275 HP Torque 295 libras-pie 3.6L V6, 335 HP Torque 284 libras-pie 6.2L V8, 455 HP Torque 455 libras-pie /, - - " Manual de 6 velocidades (6+R) Automática de 8 velocidades (8+R) -1-* - $ Ê " "-Ê6ÈÊ9ÊÓ°ä Ê/1, "
/ , Independiente, McPherson. /, - , Independiente, de cinco brazos. , "De discos en las cuatro ruedas, con ABS. -1-* - $ \Ê " "Ê6n
/ , Independiente, McPherson y control magnético de estabilidad. /, - , Independiente, de cinco brazos con control magnético de estabilidad. , "Brembo, de discos en las cuatro ruedas, con ABS.
³Ê "
«(*- 5JFOF DPNP OPWF EBE FM NPUPS UVSCP
15%
15%
20%
DESCUENTO
DESCUENTO
DESCUENTO
No. SUSCRIPTOR
CON TU TARJETA DE SUSCRIPTOR ¡LAS PROMOCIONES NO TIENEN FIN! Ahorra en más de 220 establecimientos, descúbrelos en la revista todos los sábados dentro de EL INFORMADOR
MARÍA SEVILLA
SERVICIO Y REPARACIONES
15%
DESCUENTO
EN REFACCIONES EN SERVICIO Y REPARACIÓN
10%
DESCUENTO
14987
MUÑOZ
EN MANO DE OBRA EN REFACCIONES Y ACCESORIOS
SUSCRÍBETE A EL INFORMADOR,LLAMA AL 3678-7750 O ENTRA A WWW.CIRCULOINFORMADOR.MX FORMADOR.MX
SUSCRIPTOR DESD
E
01/2014
Ê ", ", &- */'03."%03
4 CBEP EF PDUVCSF EF
1~(*/" #
/07&%"% 1034$)& ."$"/ (54 '0504 $035&4¶" t 1034$)&
$PO NÈT QPEFS 2VFEB DMBSP RVF QPDPT QB½TFT DPNQJUFO DPO "MFNB OJB QPS FM DFUSP B MB NFKPS JOHFOJFS½B BVUPNPUSJ[ : DPO MB SFOPWBDJÂO EF FTUB DBNJPOFUB FT TÂMP VOB NVFTUSB N²T EF MPT BMDBODFT EF MPT C²WBSPT QVFT DPO MB 1PSTDIF .BDBO (54 MB DBTB EF 4UVUU HBSU QSFTVNF TV DBQBDJEBE EFQPSUJWB -BT 467}T EF MVKP TPO VO NFSDBEP DSFDJFOUF BMSFEFEPS EFM NVOEP $BEB WF[ FT N²T DPNÈO WFS QPS MBT DBMMFT VOP EF FTUPT WFI½DVMPT BUSBZFOEP NJ SBEBT 1BSB RVF TJHB TJFOEP EF FTUB GPSNB 1PSTDIF SFWFMÂ MPT EFUBMMFT EF MB OVFWB .BDBO (54 FO FM 4B MÂO EF 5PLJP Z BOVODJB RVF TBMES² BM NFSDBEP FO MPT QSJNFSPT NFTFT EF -B iGBDIBEBw EF FTUB DBNJPOFUB EF MVKP NVFTUSB B TJNQMF WJTUB VOB EFQPSUJWJEBE JOIFSFOUF 'BSPT BMBS HBEPT GBTDJB EFMBOUFSB DPO FOPSNFT FOUSBEBT EF BJ SF QBSSJMMB EFQPSUJWB SJOFT NPEFMP 34 4QZEFS %F TJHO EF QVMHBEBT EF EJ²NFUSP M½OFBT WPMVQUVPTBT Z VOB QSPNJOFOUF QBSUF USBTFSB EFUBMMFT FO OFHSP CSJ MMBOUF Z PUSPT FO BDBCBEP NBUF TPO QBSUF EF MB FMF HBODJB Z EFQPSUJWJTNP JNQSFTPT FO FTUF BVUPNPUPS
I]jpajeaj`k h] ieoi] ^]oa( aop] Ǘanoe j ha ]cnac] qj pkmqa `a aik_e j ] h] I]_]j -PT DBNCJPT N²T TVTUBODJBMFT SBEJDBO FO MB QBSUF NFD²OJDB ZB RVF MB GJSNB BMFNBOB CVTDÂ B UPEB DPTUB MB NFKPSB EF QPUFODJB Z NBOFKBCJMJEBE &M NPUPS EF MB (54 FT VO 7 EF MJUSPT Z DPO EPT UVSCPDBSHBEPSFT NPUPS EFTBSSPMMBEP RVF CSJOEB DBCBMMPT EF QPUFODJB Z MJCSBT QJF EF UPSRVF Z BMDBO[B LN I EF WFMPDJEBE QVOUB TFHÈO MB GJSNB HFSNBOB -B USBOTNJTJÂO FT EF TJFUF WFMPDJEBEFT DPO EPCMF FNCSBHVF 6OB USBDDJÂO JOUFHSBM "8% DPNQMFUB FM DPOKVOUP RVF IBS² DPSSFS B FTUB 467 EFQPSUJWB &O FM UFNB EFM NBOFKP 1PSTDIF SFDBMJCSÂ FM TJTUF NB EF FTUBCJMJEBE ZB RVF SFEVKFSPO NJM½NFUSPT MB BM UVSB EF MB DBNJPOFUB Z FO DPNVOJÂO DPO MB TVTQFOTJÂO EF BJSF BKVTUBCMF EBO NBZPS DPOGPSU EF NBOFKP QVFT TF SFEVDF FM DFOUSP EF HSBWFEBE BGJSNB MB NBSDB
"/",Ê Ê ,, +1 -iÀ} Ê" Ûi À>
&M DBTP EF BNPS FOUSF 3FOBVMU Z 3VNBOJB :B MP IF EJDIP FO N²T EF VOB PDBTJÂO MB HFOJB BÁP DPNQMFUP MB %VTUFS FMFW B 3FOBVMU B VOB MJEBE EFM CSBTJMFÁP $BSMPT (IPTO QSFTJEFOUF Z NBHO½GJDB QPTJDJÂO FO FM NFSDBEP Z GJHVS FO KFGF FKFDVUJWP EF MB "MJBO[B 3FOBVMU /JTTBO NF USF MBT DJODP 467 N²T WFOEJEBT FO $PNP QBSFDF TVQFSBEB QPS MB EF NVZ QPDPT FKFDVUJWPT FSB OBUVSBM RVF OP FTUVWJFSB QBSB TJFNQSF TJO EF MB JOEVTUSJB BVUPNPUSJ[ HMPCBM 6OP EF FMMPT SJWBMFT QPDP B QPDP ¹TUBT GVFSPO BQBSFDJFOEP GVF FYBDUBNFOUF TV BOUFDFTPS -VJT 4DIXFJU[FS DPNP MB 5SBY MB &DP4QPSU RVF SFHSFTBCB MVF RVJFO FOUSF PUSPT NPWJNJFOUPT UVWP MB WJTJÂO EF HP EF VO QFSJPEP GVFSB EFM NFSDBEP MB 4 QPOFS B (IPTO FO FM QVFTUP RVF IPZ PDVQB QF $SPTT MB Z MB )3 7 : MBT RVF GBMUBO -B DB SP N²T RVF OBEB NPTUS TV DPNQSFOTJÂO EF MB NJPOFUB EF 3FOBVMU TJO FNCBSHP TJHVJ JOEVTUSJB DPNP QPDPT BM DPNQSBS B %BDJB VO TJFOEP FM DBCBMMJUP EF CBUBMMB EF MPT EJTUSJCVJ BOUFT QFRVFÁP GBCSJDBOUF SVNBOP 'VF HSBDJBT EPSFT EF MB NBSDB FO FM QB½T FM QSPEVDUP RVF B TVT QSPEVDUPT RVF 3FOBVMU IB MPHSBEP BDFS IBD½B RVF MB HFOUF GVFSB B MB BHFODJB EF EPOEF DBSTF DBEB WF[ N²T B MB JNQSFTDJOEJCMF DPOEJ TJ OP TBM½BO DPO VOB EFKBCBO FM QJTP EF FYIJCJ DJÂO EF NBSDB HMPCBM TJO MB DVBM MB TVQFSWJWFO DJÂO DPO VO 'MVFODF P VO 4UFQXBZ 5BO OPCMF DJB IPZ FO E½B FTU² TFSJBNFOUF BNFOB[BEB -PT FT MB %VTUFS DPNP QSPEVDUP RVF OP TFS½B OBEB EFTDBCFMMBEB MB JEFB EF QPOFS BVUPT EF %BDJB IBO BCJFSUP P FO FM NFSDBEP NFYJDBOP B WB DPOTPMJEBEP MB QSFTFODJB SJBDJPOFT EFM QSPEVDUP : WB GSBODFTB FO NFSDBEPT DMBWF - ]ÊiÃÊ> } ÊÀ>À ʵÕiÊ,i >Õ ÌÊ ZB RVF FYJTUFO FTUBT FOUSF FMMPT FM NFYJDBOP 1FSP Ìi }>Ê« V Õ«Ã]Ê«iÀ Êà ÊiÃÌiÊ> Ê 6OB EF FMMBT FT MB QJDLVQ IBDF GBMUB N²T -PT QSJNFSPT QSPEVDUPT Ì i iÊ >Ê"À V Êi Ê> ʵÕiÊÛ i iÊ %VTUFS 0SPDI -BO[BEB DPNP DPODFQUP FO FM TBMÂO EFM BVUP EF PSJHFO %BDJB WFOEJEPT FO i}>À?Ê >Ê >à > ]ʵÕiÊÃiÊ NÂWJM EF 4BP 1BVMP #SBTJM FO .¹YJDP GVFSPO 4BOEFSP Z 4UFQXBZ 4½ BOUFT EF 3FOBVMU v>LÀ V>À?ÊÞÊÛi `iÀ?ÊÌ> L j Êi Ê PDUVCSF EF MB 0SPDI ZB ÃÕi Ê iÝ V> °Ê iV >Êà LÀiÊ FTU² FO WFOUB FO FM QB½T TVE /JTTBO USBKP FM -PHBO RVF WFO EJ CBKP FM OPNCSF "QSJP 1FSP >ÊL>ÃiÊ`iÊ >Ê ÃÃ> Ê *Îää]Ê >Ê BNFSJDBOP Z FT MB ÈOJDB DB BOUF MBT FMFWBE½TJNBT FYQFDUB >à > ÊÃiÀ?ÊÕ >ÊV> iÌ>Ê NJPOFUB EF TV DMBTF FO PGSF DFS EPCMF DBCJOB Z DVBUSP UJWBT EFM DPOTVNJEPS NFYJDB OP TPCSF MB EVSBCJMJEBE EF MPT V Ê ?ÃÊiµÕ « ʵÕiÊ >Ê « >Ê QVFSUBT &T PUSB EF MBT JEFBT QSPEVDUPT EF /JTTBO Z MB FO ÞÊÃiÊ« à V >À?Ê« ÀÊ>ÀÀ L>Ê`iÊ HFOJBMFT OBDJEBT EF VO QSP EVDUP %BDJB Z RVF EFCF TFS UPODFT CBKB BEBQUBDJÂO EFM QSJ iÃ>Êi Ê«ÀiV NVZ CJFO FYQMPSBEB QPS 3F NFS %BDJB FO MMFHBS B .¹YJDP OBVMU BOUFT EF RVF MPT EFN²T MP RVF FNQF[ DPNP QBTJÂO DPNQFUJEPSFT DPNJFODFO B IBDFS MP NJTNP FO UFSNJO DPNP VOB EJG½DJM SVQUVSB .²T UBSEF FM BVUP SFHSFTBCB DPO TV EFOPNJ FTF TFHNFOUP 1PSRVF CBTUB DPO NJSBS B UPEPT OBDJÂO PSJHJOBM -PHBO -FOUB QFSP DPOUJOVB MPT TFHNFOUPT EF QJDLVQT FO FM NVOEP FTQF NFOUF FM BVUP WB DPORVJTUBOEP B MPT NFYJDBOPT DJBMNFOUF FO /PSUFBN¹SJDB QBSB EBSTF DVFOUB DPO TV FTQBDJP FDPOPN½B Z SPCVTUF[ -B MMFHBEB EF RVF FM QÈCMJDP FTU² ²WJEP QPS QJDLVQT Z FO EF MBT FNQSFTBT EF USBOTQPSUF FKFDVUJWP FTUJMP USF FMMBT N²T EF TPO EF EPCMF DBCJOB 4½ FT BMHP SBSP RVF 3FOBVMU UFOHB QJDLVQT 6CFS Z $BCJGZ TPMJEJGJDBSPO MB QPTJDJÂO EFM BVUP QFSP TJ FTUF BÁP UJFOF MB 0SPDI FM BÁP RVF WJFOF Z TVT WFOUBT DSFDFO B SJUNPT BDFMFSBEPT )BZ RVF SFDPOPDFS RVF FM USBCBKP EFM -P MMFHBS² MB "MBTLBO RVF TF GBCSJDBS² Z WFOEFS² HBO GVF N²T TFODJMMP RVF FM EFM "QSJP &TUP QPS UBNCJ¹O FO TVFMP NFYJDBOP )FDIB TPCSF MB CB RVF FOUSF BNCPT MMFHBSPO 4BOEFSP Z 4UFQXBZ TF EF MB /JTTBO /1 MB "MBTLBO TFS² VOB DB RVF QSPCBSPO TFS WFI½DVMPT EVSBCMFT FDPO NJPOFUB DPO N²T FRVJQP RVF MB OJQPOB Z TF QP NJDPT Z TFHVSPT EFOUSP EF TV TFHNFOUP NVZ TJDJPOBS² QPS BSSJCB EF FTB FO QSFDJP MP RVF BEFDVBEPT B MP RVF OFDFTJUB Z QVFEF QBHBS FM MJNJUB TV OÈNFSP EF WFOUBT )BTUB QPSRVF OP FT G²DJM DPNQFUJS DPO /JTTBO OJ TJRVJFSB DVBOEP DPOTVNJEPS NFYJDBOP )PZ 3FOBVMU TF FODVFOUSB FO VOB QPTJDJÂO TF FT iIFSNBOBw EF MB KBQPOFTB -B 0SPDI TJO FNCBSHP TJO SJWBMFT Z IFDIB EF SFDVQFSBDJÂO -VFHP EF IBCFS WJWJEP VO SF HSFTP FTQFDUBDVMBS FO Z KVTUP EFTQV¹T FO #SBTJM VO QB½T RVF EFCJEP B MB SFDJFOUF EFCJ EF FTUBS DFSDB EF TBMJS QPS TFHVOEB Z QSPCBCMF MJEBE EF TV NPOFEB QBT B TFS DPNQFUJUJWP FO NFOUF EFGJOJUJWB PDBTJÂO EFM QB½T TF NBOUVWP FYQPSUBDJPOFT FTB QJDLVQ UJFOF UPEP QBSB TFS VO ¹YJUP BCTPMVUP EF WFOUBT FO .¹YJDP SFQJUJFO BSSJCB HSBDJBT B PUSP %BDJB MB %VTUFS EP MB IJTUPSJB EF MB %VTUFS 467 Z SFOPWBOEP FTF SPNBODF FOUSF MB GSBODFTB 3FOBVMU Z MB SVNBOB &M SFJOBEP EF MB %VTUFS 1S²DUJDBNFOUF TJO SJWBMFT EVSBOUF DBTJ VO %BDJB QFSP DPO VO UPRVF EF QJDBOUF NFYJDBOP
&O FM JOUFSJPS MB GJSNB IBDF EFSSPDIF EF DBMJ MJ EBE Z MVKP &O MB WFSTJÂO iBVTUFSBw TF JODPSQPSB QJFM JFM FO MPT BTJFOUPT Z DPOTPMB BEFN²T EF EFUBMMFT CPS EBEPT FO MBT DBCFDFSBT DPO MB MFZFOEB i(54w 6O QBRVFUF PQDJPOBM PGSFDFS² EFUBMMFT FO MBT QVFSUBT Z DPTUVSBT CJUPOP FO BTJFOUPT DPOTPMB Z DJOUVSPOFT EF TFHVSJEBE BT½ DPNP VO UBDÂNFUSP Z QBOFM EF JOT USVNFOUPT DPO VO UPRVF N²T EFQPSUJWP FO SPKP DBS N½O 5PEBT MBT WFSTJPOFT BMPKBO DFOUSPT EF JOGP FO USFUFOJNJFOUP EF BMUB DBMJEBE DPO SBEJP )% TJTUFNB EF #MVFUPPUI PDIP CPDJOBT Z MB PQDJÂO EF BHSFHBS FM TJTUFNB EF OBWFHBDJÂO % Z USBOTNJTJÂO EF EBUPT NÂWJMFT RVF MB NBSDB PGSFDF 1PSTDIF BOVODJB RVF MB .BDBO (54 TB MF B MB WFOUB B QBSUJS EF NBS[P EFM FO MPT &T UBEPT 6OJEPT Z FM QSFDJP CBTF SPOEBS½B MPT NJM EÂMBSFT