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Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks

Reuters reported that Hyundai Motor Co and affiliate Kia Motors Corp will recall about 168,000 US vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles. A high-pressure fuel pipe may have been damaged or improperly installed as part of an engine replacement during the prior recall, and that installation could increase the risk of fire, the Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks companies said.

The Korean automakers said the software update aims to protect the vehicles from internal damage, and they will also offer new extended warranties for engine issues. The "knock sensor" software detects vibrations indicating the onset of excessive wear on the connecting rod bearing.

Kia said that 20 percent of the vehicles involved have already received the update.

The new recall covers 68,000 various Kia Optima, Sorento and Sportage vehicles from the 2011 through 2014 model years, while Hyundai said it affects 100,000 2011-2014 Hyundai Sonata and 2013-2014 Hyundai Santa Fe Sport vehicles.

Kia said six fires are linked to the new recall but no reports of injuries, while Hyundai said it had no reports of fires linked to the new recall.

Source : Reuters
Mercedes en BMW verder als partners

Tot voor kort waren ze gezworen vijanden, straks trekken ze samen op. Mercedes en BMW overwegen hun ontwikkelkennis met elkaar te gaan delen. Het moet tot miljardenbesparingen leiden.

Dat meldt Handelsblatt op basis van bronnen bij de twee bedrijven. Het gaat onder meer over het uitwisselen van onderzoekcapaciteit op het gebied van autonoom rijden.

Met het delen van patenten en het uitwisselen van kennis hopen de twee bedrijven een industriestandaard voor zelfrijdend vervoer te ontwikkelen. Ze staan niet alleen. Afgelopen week kondigden Ford en Volkswagen eenzelfde soort partnerschap aan.

Daarnaast zou er gesproken worden over samenwerking bij de productie van compacte personenauto's zoals de Mercedes A-Klasse en de BMW 1-serie. Mocht het tot zo'n samenwerking komen dan is dat zeker niet voor 2025, meldt Handelsblatt. Beide bedrijven hebben net hun compacte modellen vernieuwd.

Het is niet de eerste flirt tussen BMW en Daimler. Afgelopen september maakte de twee bekend een joint venture te starten op het gebied van mobiliteitsdiensten.
German engineering firm IAV pleads guilty in VW emissions scandal

Automotive News reported that a German engineering company co-owned by Volkswagen Group pleaded guilty to a felony count of conspiracy in US District Court here for its role in helping VW to develop the defeat device software needed to temporarily alter the performance of its first so-called clean diesel engines. The software developed by IAV, headquartered in Berlin with offices in suburban Detroit, enabled Volkswagen to cheat on emissions testing to win certification for its Gen 1 2.0-liter turbodiesel vehicles, beginning in the 2009 model year.

Appearing before US District Judge Sean Cox on Friday, IAV pleaded guilty to one count of conspiracy to defraud the US and the automaker's customers in the U.S. to violate the Clean Air Act. The engineering company had agreed to plead guilty in a plea agreement last month.

The company has agreed to pay a USD 35 million fine, which was set under U.S. sentencing guidelines "according to the company's inability to pay a higher fine amount without jeopardizing its continued viability." It also agreed to operate under the guidelines of a court-appointed monitor for two years. However, IAV's sentencing was held in abeyance while the court conducts a probationary investigation. Sentencing was deferred until May 22 at 2PM.

Volkswagen pleaded guilty to three felonies in March 2017 resulting from its diesel emissions scandal and agreed to pay a criminal fine of USD 2.8 billion, as well as agreeing to be under an independent corporate compliance monitor for three years.

Source : Automotive News
Groupe Renault worldwide sales results 2018

Groupe Renault sales increased by 3.2% while integrating the Jinbei and Huasong brands since January 1, 2018. At 2017 scope, Groupe Renault volumes declined by 1.2% in a world market down 0.3%.
In Europe, sales were stable (+0.5%).

The Group is pursuing its Drive the Future plan by expanding internationally, with registrations now representing 50.6% of total sales (vs. 49.2% in 2017), thanks in particular to the integration of Jinbei and Huasong brands.

In Renault brand’s electric vehicle segment, sales increased by 37% over the year, with an acceleration in the second half (+62%). Renault is the European leader with a 22% market share.

In the light commercial vehicle segment, the Group grew by 33.7% (619,229 vehicles). Excluding Jinbei and Huasong, sales increased by 0.9% to 467,042 vehicles.

Groupe Renault is targeting a slight growth in sales in 2019, with an acceleration in the second half of the year thanks to the launch of new international models and New Clio, the Group’s flagship model in Europe, which will be unveiled at the Geneva Motor Show.

In 2018, the Groupe Renault recorded 3,884,295 vehicles sold, including 2,532,567 (-5.2%) for Renault and 700,798 (+7.0%) for Dacia. Lada’s sales increased by 18.7% to 398,282 registrations and Renault Samsung Motors’ registrations fell by 14.9% to 84,954 vehicles. Jinbei and Huasong sold 165,603 vehicles.

In the electric vehicle segment, Renault brand sales volumes worldwide increased by 36.6% over the year (more than 49,600 vehicles), with an acceleration in the second half (+62.1%). Renault is the European leader with a 22.2% market share. ZOE saw its volumes increase by 26.1% (39,458 vehicles) and Kangoo Z.E. by 105.1% (8,747 vehicles).

In the light commercial vehicle segment, the Group’s volumes increased by 33.7% including Jinbei and Huasong. The Renault brand reached a new record high in 2018 despite the decline in Turkey and Argentina, two important markets for this segment.

Mr Olivier Murguet, Sales and Regions Executive Vice President of Groupe Renault said that “Groupe Renault sales increased by 3.2% in 2018, with the integration of the Jinbei and Huasong brands. The Group’s sales growth in Russia, Brazil and Africa offset almost all of the economic and geopolitical headwinds outside Europe.”

In Europe, registrations were stable (+0.5%) in a market that grew by 0.2%. The Group’s growth comes mainly from the B segment (Clio, Captur, Sandero), and New Duster. Clio remains the second best-selling vehicle in Europe and Captur the first crossover in its class.

The Dacia brand posted a new sales record in Europe with 511,622 vehicles registered (+10.3%) and a record market share of 2.9% (+0.3 points). This increase is linked to the performance of the New Duster launched at the beginning of the year and Sandero.

Groupe Renault is pursuing its Drive the Future plan by expanding internationally, with registrations now representing 50.6% of total sales (vs. 49.2% in 2017), thanks in particular to the integration of the Jinbei and Huasong brands, and despite the decline in sales in Turkey and India and the cessation of sales in Iran since early September.

In Russia, the Group’s second largest country in terms of sales volume, the market grew by 12,8%. The Group is the leader, with more than one car in four sold being a Lada or a Renault. Sales increased by 10.9%.

Renault brand volumes were stable with 137,062 vehicles sold, pending the arrival of Arkana in 2019.

LADA recorded a 15.6% increase to 360,204 vehicles sold, with a 20% market share (+0.5 points) thanks to the successful renewal of its range. LADA Vesta has become the best-selling vehicle in Russia.

In Brazil, the Group outperformed the market recovery, which rose 13.6%. Sales increased by 28.5% to nearly 215,000 vehicles and market share reached 8.7% (+1.0 points) thanks to the good results of Kwid, which was sold to more than 67,000 units.

In Africa, the Group strengthened its leadership with a 18.1% market share, with 218,797 vehicles sold, thanks to its performance in Morocco, South Africa and Egypt. The market share in Morocco reached 43% with a 7% increase in sales volume. Dacia maintains its leadership with Dokker and Logan, the two best-selling vehicles.

Renault brand sales rose by 14.9% to more than 26,000 units in South Africa, representing a 4.9% market share. In Egypt, its market share reached 11.4%, up by more than 3 points with 20,504 vehicles sold.

In India, sales were down 26.8% in a market that grew by 8.4% pending the launch of a new vehicle scheduled for the second half of 2019.

In China, the Group is continuing to implement the “Drive the future” plan. Dongfeng-Renault volumes are down 26.9% pending the launch of new models in 2019. The launch of the RBJAC joint venture (Jinbei/Huasong) is progressing well. The Group is stepping up its electric vehicles offensive by investing in JM EV, the 5th largest electric vehicle manufacturer. In total, by integrating the new Jinbei /Huasong brands, the group’s volumes in China amounted to 216,699 units.


In 2019, the world market is expected to be stable compared to 2018.

The European market is also expected to be stable. The Russian market is expected to grow by at least 3% and the Brazilian market by 10%.

In this context, Groupe Renault is aiming for a slight increase in sales in 2019, with an acceleration in the second half of the year thanks to the launch of new international models and the launch of New Clio, the Group’s flagship model in Europe.

Source : Strategic Research Institute
GM warns workers in Brazil on losses and tough turnaround plan

Reuters reported that General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday. In a message posted at Brazilian plants, GM's top executive in Brazil and Argentina, Mr Carlos Zarlenga, said after running up a heavy loss over the past three years the operation had reached a critical moment that will require sacrifices from everyone.

The memo referenced comments that Chief Executive Ms Mary Barra made during investor presentations last week about challenges in South America. She said that "We are not going to keep deploying capital to lose money.”

GM spokesmen in Brazil did not immediately comment on the memo, which was first reported by newspaper O Estado de S.Paulo.

The dire tone came as a shock to some workers in Brazil, where GM has overtaken Volkswagen AG and Fiat Chrysler Automobiles NV to become the industry sales leader as the economy rebounds slowly from a deep slump.

In April 2018, Mr Zarlenga touted a new family of low-cost cars hitting Brazilian dealerships this year as he played up progress in an interview with Reuters. He said cost reductions in the downturn, including a 35 percent cut to the Brazilian workforce, led to a narrow profit in South America in 2017.

While Brazil's economy has gradually recovered after a 2015-16 recession, Argentina fell back into recession last year as inflation surged and its currency cratered. Investors are watching to see if the presidents of both countries can pull off the tough economic reforms they have promised.

Mr Zarlenga said regional executives had prepared a "viability plan" for senior management in Detroit, but they still need the support of local unions, suppliers, dealerships and government. "GM investments and our future depend on this plan," he said.

Last year, Brazil's government granted carmakers a 15-year package of tax breaks - extending subsidies for an industry that has struggled to compete directly with production elsewhere.

Source : Reuters
Tesla in talks with Lishen over Shanghai battery contract – Report

Reuters reported that Tesla Inc has signed a preliminary agreement with China's Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan's Panasonic, two sources with direct knowledge of the matter said.

The companies had yet to reach a decision on how large an order the U.S. electric car company would place, and Lishen was still working out what battery cell size Tesla would require, one of the sources said.

While Panasonic is currently Tesla's exclusive battery cell supplier, Tesla Chief Executive Mr Elon Musk said in November the US company would manufacture all its battery modules and packs at the Shanghai factory and planned to diversify its sources.

Mr Musk said in a tweet in November that "Cell production will be sourced locally, most likely from several companies (incl Pana), in order to meet demand in a timely manner.”

Tesla broke ground on the USD 2 billion so-called Gigafactory, its first in China, earlier this month and plans to begin making Model 3 electric vehicles (EV) there by the end of the year.

Mr Musk has said the factory will produce "more affordable" vehicles for the Chinese auto market, the world's biggest, where the firm is facing mounting competition and risks from US-China trade tensions.

Source : Reuters

Volkswagen planning to extending diesel incentives across Germany

Reuters reported that German carmaker Volkswagen is examining whether to extend trade-in incentives to owners of older vehicles in all of Germany, extending the programme beyond the 15 most heavily polluted cities. Under pressure to avert bans of diesel vehicles in key cities, carmakers have started offering trade-in incentives to encourage customers to scrap older diesel vehicles for more modern cleaner vehicles.

A spokesman said the responsible board committee is examining a nationwide trade-in incentive for Euro 4 or Euro 5 diesel vehicles for a limited time period and is expected to make a decision early next week.

Volkswagen said in October it will offer buyers of VW-branded passenger cars an incentive if they agree to scrap cars equipped with older Euro 1 to Euro 4 engines.

The trade-in incentive is currently limited to Germany's 15 most polluted cities.

German daily Bild first reported that VW was considering extending the trade-in incentive to all of Germany. The paper said details were still being worked out but the company would pay up to 9,000 euros (USD 10,200) per car as previously envisaged.

German carmakers have already agreed to spend up to 3,000 euros (USD 3,431) per vehicle to upgrade engine management software to make exhaust filtering systems more effective, but environmentalists say these measures are insufficient.

Source : Reuters
Volvo roept wereldwijd 219.000 auto's terug wegens brandgevaar

De Zweedse autobouwer Volvo roept wereldwijd 219.000 auto's terug. Er zouden problemen zijn met de brandstofleiding. Die kan in enkele auto's gescheurd zijn met lekkage rond de motor tot gevolg.

Erik Kouwenhoven 23-01-19, 20:00

Auto’s die in aanmerking komen voor de terugroepactie zijn de Volvo V40, V40 CC, S60, S60 CC, V60, V60 CC, XC60, V70, XC70, S80 en de XC90 gebouwd tussen 2015 en 2016. Het enige model dat vandaag de dag nog in productie is, betreft de dieselversie van de XC90.

Volvo Nederland heeft nog niet in kaart gebracht hoeveel Nederlandse auto's betrokken zijn, maar alleen al in België zijn het er 15.000. De kans is groot dat het bij ons om meer dan 20.000 auto's gaat. Tot nu toe zijn er nog geen meldingen van verwondingen of schade door brand als gevolg van de lekkage, maar Volvo wil geen enkel risico nemen.
Google bouwt eigen autofabriek

Google bouwt een eigen autofabriek voor de productie van zelfrijdende auto's. In de Amerikaanse staat Michigan komt ’s wereld eerste fabriek voor zelfrijdende auto’s te staan. Volgens Waymo, de speciale divisie die voor robotauto's is opgericht, biedt de fabriek werkgelegenheid aan 400 mensen.

Niek Schenk 23-01-19, 08:58 Laatste update: 09:56

In de bouw wordt 13,6 miljoen dollar geïnvesteerd. Ook andere Amerikaanse staten zouden de fabriek graag willen hebben, maar moederbedrijf Alphabet van Google en Waymo gingen naar verluidt overstag toen de staat Michigan 8 miljoen dollar subsidie bood.

Lees ook
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TomTom verkoopt Telematics-divisie aan bandenmaker Bridgestone
Lees meer

Het is vooralsnog niet de bedoeling dat er ook volledig eigen auto's worden ontwikkeld. Op dit moment gebruikt Waymo een aantal Chryslers van het type Pacifica, een MPV, voor proefprojecten in Arizona. Maar het bedrijf heeft ook al contracten voor de aanschaf van nog eens 62.000 Pacifica's én 20.000 Jaguars van het model I-Pace. In de nieuwe fabriek zullen de auto's worden voorzien van door Google ontwikkelde technologie, die autonoom rijden mogelijk maakt. Google is al sinds 2009 bezig met de ontwikkeling van robotauto's.
Renault wijzigt bestuursstructuur

(ABM FN-Dow Jones) Autoproducent Renault heeft besloten met de benoeming van een nieuwe CEO ook de structuuropzet van zijn dagelijkse bestuur te wijzigen. Dit maakte het Franse concern donderdag bekend, na het debacle met zijn eerder vandaag opgestapte topman.

Renault benoemde zijn tweede man, Thierry Bolloré tot CEO als opvolger van de vandaag opgestapte Carlos Ghosn. Jean-Dominique Senard is gekozen als voorzitter van de raad van commissarissen. Beide benoemingen werden vooraf verwacht.

Ghosn, ook voormalig topman van het Japanse Nissan, werd op 19 november in Tokio gearresteerd en verblijft sindsdien in de gevangenis. De Japanse autoriteiten verdenken hem ervan dat hij in de vijf boekjaren tot en met 2015 een slordige 10 miljard yen of zo'n 89 miljoen dollar verdiende bij Nissan, maar niet meer dan ongeveer de helft van dat bedrag rapporteerde in de jaarverslagen.

Scheiding functies

De raad van commisarissen van Renault meldde verder dat is besloten de functies van CEO en bestuursvoorzitter bij Renault te scheiden. De nieuwe bestuursvoorzitter zal bovendien het bestuursmodel moeten evalueren en zo nodig moeten bijstellen.

De raad van commissarissen zal actief toezicht houden op de alliantie van Renault met Nissan en andere partners. De voorzitter krijgt de volle verantwoordelijkheid voor de aansturing van de alliantie namens Renault, in samenwerking met de CEO.

De voorzitter van de raad van commissarissen wordt zo het belangrijkste aanspreekpunt voor Nissan, waar Renault een partnerschap mee heeft, en andere partners.

Het aandeel Renault noteerde donderdag 1,3 procent winst.

Door: ABM Financial News.
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
Volvo recalls over 200,000 cars to fix fuel leak issue

ToI reported that Volvo Cars, which is owned by China's Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. The group said its probe had identified that some vehicles may have small cracks inside one of the fuel lines in the engine compartment, which along with a pressurised fuel system may over time lead to fuel leakage in the engine compartment.

About 2,19,000 cars of 11 different models produced in 2015 and 2016 had been affected, the Swedish company said, with the highest number of impacted cars in Sweden, the UK and Germany. The Swedish recall was first reported by daily Aftonbladet.

Volvo sold 5,03,127 cars in 2015 and 5,34,332 cars in 2016.

Volvo said in its statement that "There are no reports alleging injuries or damages related to this issue. Volvo preventatively recalls the cars to avert any possible future problems.”

The company's fortunes have been revived since Geely bought it in 2010 and its popular new premium models now compete with larger rivals Daimler and Volkswagen. It sold a record 6,42,253 cars in 2018.

However, a prolonged US-China trade war has inflated raw materials costs and resulted in a slowdown in Chinese demand for cars. That has forced Volvo to spend to retool its global factories to limit the negative tariff impact and led it to postpone its plans to go public indefinitely.

Source : TOI
Volkswagen celebrates five millionth Tiguan

Volkswagen can already celebrate an impressive production anniversary right at the start of 2019: in the middle of January, the five millionth Tiguan left the assembly line at the Wolfsburg plant. The compact Tiguan has enjoyed worldwide success since its market launch in 2007, and has thus made a valuable contribution to the brand’s growth strategy and SUV offensive. The harmonious design concept of the Tiguan and Tiguan Allspace (since 2017) has been enthusiastically received by customers all over the world. The Tiguan stands for striking exterior and interior design, state-of-the art technologies and outstanding all-round characteristics. The just under 800,000 Tiguan and Tiguan Allspace vehicles delivered in 2018 are proof of the popularity and success of the compact SUV.

Dr Andreas Tostmann, Member of the Board of Management responsible for Production: “The Tiguan has passed the historic mark of five million vehicles produced. The know-how of our team, the exceptional team spirit and the enthusiasm with which we produce our Volkswagen models form the basis for this magnificent success and provide a strong foundation for our SUV strategy.”

Mr Bernd Osterloh chairman of the General and Group Works Council said that “The Tiguan secures the jobs of tens of thousands of highly qualified workers around the world and makes a significant contribution to earnings. For this reason, it is important that we do not reduce our investments in the development and production of the Tiguan, as we should seek to inspire our customers with this car well into the future.”

Production of the Tiguan started in 2007 in the main plant in Wolfsburg and represented the beginning of the success story of this compact SUV. More than 120,000 units already left the assembly line in the first full year of production in 2008. This was followed by steep continuous growth – in 2015, more than 500,000 Tiguan had already been sold worldwide.

Source : Strategic Research Institute
Bugatti looks back on a successful year and forward to the anniversary in 2019

J Bugatti just entered a historic year. In 2019, the company from Molsheim in the French region of Alsace will be 110 years old. At the same time Bugatti president Stephan Winkelmann looks back at his first year at the head of the french hyper car manufacturer. This is the time to glimpse into the rear view mirrors, and then to look straight ahead.

Bugatti has been developing high-performance cars in Molsheim, Alsace, since 1909. It all started with the Type 10, which was later marketed as the Bugatti Type 13 after further development, with aesthetics bordering on a work of art. These are the characteristics that distinguish the carmaker from France and also apply to its current models, the Chiron1 and Divo2. These models represent the ultimate hyper sports car: they are the most powerful, most valuable and most luxurious automobiles in the world, handcrafted over a period of weeks with painstaking attention to detail.

President of Bugatti Automobiles SAS, Mr Stephan Winkelmann said that “Automobiles from Bugatti combine the best of two worlds, as the Chiron and Divo impressively demonstrate: a hypercar with 1,500 PS and 1,600 newton-metres combining performance and easy driving, but at the same time featuring a pronounced feeling of luxury and vrry high comfort. This is an unparalleled combination in the world of the automobile. Top speed alone is not the top priority for Bugatti. Our cars can do more than accelerate incredibly powerfully and drive very very fast.”

Bugatti has produced the Chiron, which is largely handcrafted, since 2016. In 2018, a total of 76 Individual luxury hyper sports cars, each of them unique, left the factory. Currently, the production of the total series limited to 500 units is allocated until the end of 2021. Mr Stephan Winkelmann said that “The Chiron is a perfect blend of three pillars in the Bugatti tradition. The super sports car combines a street-legal racing car in the tradition of the famous T 35 with the comfort and luxury of a Type 41 Royale and the iconic design of the Type 57 SC Atlantic.” Today’s design credo is: form follows performance. This can be seen in the famous Bugatti line, a sculpted letter “C” running from the B-pillar to the back. But that is not enough.

In 2018, the French luxury brand heightened the focus of its portfolio with the Chiron Sport and the Divo. This super sports car with its own character is also powered by Bugatti’s 1,500 PS eight-litre W16 engine. Compared with the Chiron, the developers tuned the Divo for greater agility, nimbleness and optimum handling performance on winding roads without sacrificing the usual levels of comfort and luxury. Fine-tuning was carried out especially on the aerodynamic properties, the chassis settings and weight of the car. As a result, the Divo generates 90 kilograms more downforce and weighs 35 kilograms less than the Chiron. The lateral acceleration of the Divo has been boosted to 1.6 granted.

Source : Strategic Research Institute
Canada auto union head calls on GM to extend Oshawa plant production

Reuters reported that Canadian union representing autoworkers at General Motors' Oshawa, Ontario plant called on the US automaker to extend production at the site to September 2020 and return to the negotiating table.

GM said in November it would close the plant by the end of this year, affecting 2,973 assembly-line jobs, as part of a broad restructuring aimed at cutting the automaker's costs as investments increase in electric and self-driving vehicles.

Source : Reuters
No deal Brexit would cost it USD 800 million this year – Ford

Reuters reported that Ford faces an USD 800 million bill if Britain leave the European Union without a deal, comprising World Trade Organisation tariffs and the impact of a weaker pound, Sky News reported on Thursday, citing internal calculations from the auto company. Car makers and other manufacturers, including Airbus earlier on Thursday, have warned about the toll a no-deal Brexit could impose, including higher tariffs, disruption to supply chains and threats to jobs.

Britain is due to leave the European Union in 64 days, and with Prime Minister Theresa May failing to win support for her negotiated deal, companies are increasingly worried about the possibility of a chaotic Brexit.

Ford operates two engine plants in Britain, its third-largest market, and the destination for roughly one in three cars made at its German Cologne plant.

Source : Reuters
Carmaker Opel to halve production at Ruesselsheim - Report

Reuters reported that French carmaker PSA Group's Opel will adjust production volume at its Ruesselsheim plant in Germany this year, it said after a newspaper reported that the company is halving the plant's output. Opel is cutting production at Ruesselsheim to 68,000 vehicles from 123,000 in 2018. An Opel spokesman said that "Opel continuously adjusts production. We want to further improve the capacity utilisation of our plants. This of course also applies to Ruesselsheim, adding that the company does not publicly comment on details of its internal plans.”

PSA bought Opel and its British sister brand Vauxhall from GM last year in a USD 2.6 billion deal, saying it aimed to restore Opel to profitability by 2020.

PSA Group had posted a 7.8 percent increase in quarterly revenue, buoyed by the acquisition of Opel-Vauxhall as well as strong sales of pricier Peugeot models.

An Opel works council representative was not immediately available for comment.

In May Opel's labour leaders had agreed with PSA management on an investment plan and job guarantees for German factories in return for wage concessions.

Source : Reuters
Toyota Motor aims to boost sales in China by 8% this year

Reuters reported that Toyota Motor Corp aims to raise vehicle sales in China by 8% to 1.6 million this year. The Japanese automaker said that Toyota sold 1.47 million vehicles in China last year, up 14.3% from 2017. Toyota's forecast comes at a time when automakers in China in general are bracing for a tough year after weakness in sales emerged last year. China's Association of Automobile Manufacturers (CAAM) this month said it expects sales to show no growth, forecasting flat sales of 28.1 million vehicles for 2019. Other government and industry bodies see a 0-2 percent growth in overall demand.

China's automotive market last year contracted for the first time since the 1990s.

Despite the slowdown in the overall market, sales by Japanese companies especially Toyota remain strong.

Last year China and Japan pledged to forge closer ties during a three-day visit in October to Beijing by Japanese Prime Minister Shinzo Abe, signing a broad range of agreements including a USD 30 billion currency swap pact, amid rising trade tensions with Washington.

During Abe's visit Chinese President Xi Jinping said bilateral ties had returned to the right track and China would ensure that the positive momentum continues, state media reported.

Source : Reuters
New direction in BMW Group sales regions

A core element of the BMW Group’s corporate Strategy Number ONE > NEXT is to increase customer orientation and to focus on future technologies and growth opportunities in global markets. In line with this, the BMW Group is reorganising its sales regions across numerous growth markets. Sales and marketing operations in Asia Pacific (excluding China), Eastern Europe (outside EU), the Middle East and Africa will be integrated into a single sales region. Mr Hendrik von Kuenheim will take responsibility for this new region on 1st February 2019 and further leverage the opportunities for growth in this dynamic set of countries. Mr. von Kuenheim is currently responsible for the sales and marketing in Eastern Europe, the Middle East and Africa.

Mr Pieter Nota, member of the BMW AG Board of Management responsible for Sales and Brand BMW, said that “What these markets have in common is great growth potential. This reorganization will enhance collective market strength and ensure that, together with our partners in the region, we can fully capitalize on our exciting line-up of new products. Hendrik has extensive sales experience from various management roles with the BMW Group across all regions worldwide. He brings in-depth knowledge of the individual market dynamics, the customer requirements and capabilities of the respective teams in this region. A smooth transition and fast start are guaranteed.”

Source : Strategic Research Institute
Meer bolides zorgen voor meer winst Ferrari

Gepubliceerd op 31 jan 2019 om 13:07 | Views: 734

MARANELLO (AFN/BLOOMBERG) - Sportwagenbouwer Ferrari heeft vorig jaar meer auto's verkocht. Dat leverde het merk met het steigerende paard een hogere winst op. Wel had het Italiaanse bedrijf last van wisselkoerseffecten waardoor de omzet vrijwel gelijk bleef.

Ferrari verkocht in 2018 in totaal 9251 auto's, een stijging van ruim 10 procent ten opzichte van een jaar eerder. Met name van modellen met een V12-motor, zoals de 812 Superfast, reden er meer de fabriek uit.

De winst van Ferrari steeg met 46 procent tot 787 miljoen euro, onder meer door een lagere belastingdruk. De omzet bleef nagenoeg gelijk op 3,4 miljard euro. Zonder negatieve wisselkoerseffecten was de omzet volgens Ferrari met 3,2 procent gestegen.

Voor 2019 verwacht Ferrari dat het bedrijf de economische turbulentie het hoofd kan bieden. Zo denkt de sportwagenmaker dat de winst tot 1,25 miljard euro kan stijgen.
Bugatti has no plans for an SUV – Mr Stephan Winkelmann

Automotive News reported that Bugatti has no plans to launch an SUV even though wealthy buyers are flocking to such models. Mr Stephan Winkelmann CEO said that an SUV would not be in keeping with the Volkswagen Group supercar brand's profile and history.

Bugatti's ultraluxury sister brands in VW Group have launched SUVs -Lamborghini with the Urus and Bentley with the Bentayga. Rival Ferrari is developing the Purosangue crossover due in 2022, while Rolls-Royce is currently introducing the Cullinan crossover.

Mr Winkelmann said Bugatti plans to develop new models but added "there will be no SUV" irrespective of market trends.

His comments are noteworthy because Lamborghini introduced the Urus during his 11-year stint as CEO of the brand, which he left to run Audi Sport in March 2016. He has been in charge of Bugatti since January 2018.

Bugatti's only two models are the 1,479-hp Chiron and its track-focused derivative, the 1,480-hp Divo. Both are mid-engine, two-seater sports cars.

The company has built 76 units of the Chiron at its factory in Molsheim, France. Production of the 500-unit limited series is scheduled to end in 2021. All 40 units of the limited-edition, 5 million-euro (USD 5.8 million) Divo have been sold.

Source : Automotive News
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611,56  -0,33  -0,05%  18:05
 AMS25-24h 609,17 -0,44%
 Germany30^ 13.492,20 -0,47%
 Dutch15-index 16.740,70 +0,19%
 BEL 20 4.015,71 -0,08%
 BRX20-24h 4.001,03 -0,44%
 Europe50^ 3.767,85 -0,56%
 Euro30-index 19.440,12 -0,50%
 US30# 29.151,42 -0,15%
 Nasd100# 9.177,38 +0,12%
 US500# 3.317,45 -0,13%
 Japan225# 23.829,94 -0,15%
 Gold World Spot (USD) 1.558,65 0,00%
 New York WTI spot 56,22 +1,06%
 EUR/USD 1,1094 +0,10%


Alfen N.V. +6,76%
Accell +2,82%
ADYEN NV +2,29%
Arcadis +2,28%


PROSUS -2,68%
OCI -2,21%
Kiadis Pharma -2,09%
Galapagos -1,65%
Boskalis -1,64%

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