Annual Report 2019
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Annual Report 2013 Contents
ANNUAL REPORT 2013 CONTENTS Corporate Profile 2 Corporate Information 3 Our Products 4 Business Overview 6 Financial Highlights 10 Chairman’s Statement 12 Management Discussion and Analysis 14 Directors and Senior Management 24 Directors’ Report 34 Corporate Governance Report 43 Independent Auditor’s Report 53 Consolidated Balance Sheet 55 Balance Sheet of the Company 57 Consolidated Income Statement 58 Consolidated Statement of Comprehensive Income 59 Consolidated Statement of Changes in Equity 60 Consolidated Statement of Cash Flows 61 Notes to the Consolidated Financial Statements 62 Four Years’ Financial Summary 124 2 NEXTEER AUTOMOTIVE GROUP LIMITED CORPORATE PROFILE Nexteer Automotive Group Limited (the Company) together with its subsidiaries (together with the Company collectively referred to as we, us, Nexteer or the Group) is a global leader in advanced steering and driveline systems. Nexteer’s in-house development and integration of hardware, software and electronics gives us a competitive advantage as a full service steering supplier. Nexteer draws upon a 100-year heritage of product development, manufacturing and vehicle integration expertise. We have a strong foundation and a reputation for providing dependable steering and driveline solutions and enduring customer relationships. Nexteer provides real-world, vehicle-level thinking that is always ahead of the curve. • Customer Focused: Respected and trusted for delivering on promises • Innovative: Market leader in steering and driveline innovation • Agile: Respond quickly with high-quality, cost-effective solutions • Expert: Know and understand customer requirements • Experienced: Provide demonstrated high performance, custom engineered systems for every application • Global: Committed to exceeding customer and vehicle needs every time, everywhere With more than fifty (50) customers in every major region of the world, Nexteer has twenty (20) manufacturing plants, five (5) regional engineering centers, nine (9) customer service centers strategically located in North and South America, Europe and Asia. -
Service Bulletin TECHNICAL
Bulletin No.: 11-08-49-001Z Service Bulletin Date: March, 2019 TECHNICAL Subject: Transport Mode On Message Displayed in DIC and/or Battery Light is Flashing Models: 2011-2019 Buick Regal 2012-2017 Buick Verano 2013-2018 Buick Encore 2014-2019 Buick LaCrosse 2016-2019 Buick Cascada, Envision 2010-2016 Cadillac SRX 2013-2019 Cadillac ATS, XTS 2014-2016 Cadillac ELR 2014-2019 Cadillac CTS Sedan (VIN A) 2015-2019 Cadillac Escalade Models 2016-2019 Cadillac CT6 2017-2019 Cadillac XT5 2020 Cadillac XT6 2010 Chevrolet Camaro 2016-2019 Chevrolet Camaro 2011-2015 Chevrolet Cruze 2016 Chevrolet Cruze (VIN P) 2016-2019 Chevrolet Cruze (VIN B) 2011-2019 Chevrolet Volt 2012-2014 Chevrolet Orlando (Canada) 2012-2019 Chevrolet Sonic 2013-2019 Chevrolet Spark, Trax 2014 Chevrolet Corvette 2014 Chevrolet Silverado 1500 2014-2016 Chevrolet Spark EV 2014-2017 Chevrolet Caprice PPV, Chevrolet SS 2014-2019 Chevrolet Impala 2014-2015 Chevrolet Malibu 2016 Chevrolet Malibu Limited 2016-2019 Chevrolet Malibu (VIN Z) 2015-2018 Chevrolet City Express 2015-2019 Chevrolet Colorado, Silverado, Suburban, Tahoe 2017-2019 Chevrolet Bolt EV 2018-2019 Chevrolet Equinox 2019 Chevrolet Blazer, Silverado (New Model) 2014 GMC Sierra 1500 2015-2019 GMC Canyon, Sierra, Yukon Models, Yukon XL Models 2017-2019 GMC Acadia 2018-2019 GMC Terrain 2019 GMC Sierra (New Model) Attention: This Bulletin applies to any of the above models that may be Exported from North America. Copyright 2019 General Motors LLC. All Rights Reserved. Page 2 March, 2019 Bulletin No.: 11-08-49-001Z This Bulletin has been revised to add the Model Year 2020 Cadillac XT6 and add the 2017-2019 Cadillac XT5 / 2017-2019 GMC Acadia and 2020 Cadillac XT6 to the Procedure Subsection titled: 2016-2019 Buick Envision / 2018-2019 Chevrolet Equinox, GMC Terrain. -
May 1, 2021 a Monthly Publication Find a Copy At: Dan Dionne’S 1949 Serieslasvegascadillacclub.Com 6169 4- Door Sedan
May 1, 2021 A Monthly Publication Find a Copy at: Dan Dionne’s 1949 Serieslasvegascadillacclub.com 6169 4- Door Sedan April 2021 Still Driving the Cadillac LV Cadillac Club has restarted events. We all American Legion Car had a great time. There are a lot more pictures and story inside. Check out the last couple of Celebration of Life— Aprils and memories be- Gateway Cars Wicked Donuts Betty Fornes low. 2020—Living In A Ghost Town Cruise April 2019 Cadillac Through The Years 1 Nevada Trivia Inside this Edition Reasons Why Nevada Is The Most 3 President’s Message Underrated State In The U.S. 4 Drive Your Cadillac Sources: 5 Membership Survey onlyinyourstate.com/nevada/underrated-state-nv 6 New and Renewing Members Lasvegascadillacclub.com 7 See What You Missed 12 In Honor of Prince Phillip 1. Nevada is home to Las Vegas. 12 Nobody Cared About These Classic GM Cars 2. There are more mountain ranges in Nevada 13 Las Vegas! Drive Your Cadi than any other U.S. state. 14 Cadillac & LaSalle Club National/International 14 Member Car Update 3. Nevada has the most hot springs of any other 15 Las Vegas Cadillac Club Meeting Trivia U.S. state. 16 May11-Wicked Donuts Cruise 17 Caffeine and Chrome 4. North America's largest alpine lake, Tahoe, is 18 Las Vegas Concours located in Nevada. 19 Event/Activity Flyers 5. Since Nevada is the most mountainous, Ne- 19 Interesting Read vada has the best hiking spots in the U.S. 22 January/February Trivia Answers 23 March/April Trivia Answers 6. -
2013 Prospectus
Nexteer Automotive Group Limited 耐世特汽車系統集團有限公司 (Incorporated under the laws of the Cayman Islands with limited liability) (Stock Code : 01316) Joint Global Coordinators, Joint Bookrunners and Joint Sponsors Financial Advisor >cfYXc F]]\i`e^ IMPORTANT: If you are in any doubt about any of the contents of this Prospectus, you should seek independent professional advice. Nexteer Automotive Group Limited 耐世特汽車系統集團有限公司 (Incorporated under the laws of the Cayman Islands with limited liability) GLOBAL OFFERING Number of Offer Shares in the Global Offering : 720,000,000 Shares (subject to the Over-allotment Option) Number of Hong Kong Offer Shares : 72,000,000 Shares (subject to adjustment) Number of International Offer Shares : 648,000,000 Shares (subject to adjustment and the Over-allotment Option) Maximum Offer Price : HK$3.57 per Hong Kong Offer Share, plus brokerage of 1%, SFC transaction levy of 0.003%, and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars and subject to refund) Nominal value : HK$0.10 per Share Stock code : 01316 Joint Global Coordinators, Joint Bookrunners and Joint Sponsors Financial Advisor Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this Prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Prospectus. A copy of this Prospectus, having attached thereto the documents specified in “Appendix VI — Documents Delivered to the Registrar of Companies and Available for Inspection,” has been registered by the Registrar of Companies in Hong Kong as required by Section 342C of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong). -
Guangzhou Automobile Group
China / Hong Kong Company Guide Guangzhou Automobile Group Version 6 | Bloomberg: 2238 HK Equity | 601238 CH Equity | Reuters: 2238.HK | 601238.SS Refer to important disclosures at the end of this report DBS Group Research . Equity 7 May 2019 Japanese JCEs leading growth H: BUY Last Traded Price (H) ( 7 May 2019):HK$8.14(HSI : 29,363) More clarity on JVs future strategy. Guangzhou Auto (GAC) and its Price Target 12-mth (H):HK$9.60 (17.9% upside) (Prev HK$17.86) Japanese JCE partners have agreed on key priorities to grow the business. The medium-term plans include capacity expansion and new A: HOLD model development (both traditional and new energy vehicles). Last Traded Price (A) ( 7 May 2019):RMB11.61(CSI300 Index : 3,721) Price Target 12-mth (A):RMB11.30 (2.7% downside) (Prev RMB21.71) Another key factor is that both partners have agreed to maintain the current shareholding structure, hence removing uncertainties. The Analyst Rachel MIU+852 36684191 [email protected] Japanese auto brands have gained market share from 15.6% in December 2016 to 19% in February 2019 aided by their product What’s New range, pricing, and proactive business strategy. Despite the tough • More clarity on development of Japanese JCEs, key 1Q19 auto market, GAC’s Japanese JCEs managed to chalk up strong earnings driver in the future volume sales growth and decent profit contributions to the group. • Self-brand going through short-term adjustment and Where we differ? We expect normalisation of Trumpchi sales to have should start to normalise in 2H19 a meaningful impact on earnings, on anticipation of a recovery in • Maintain BUY, TP revised down slightly to HK$9.60 the PV market in 2H19. -
200218 EV Volumes Monthly Xev Sales Tracker
Global xEV This is a sample version of our ~ 90 page Global xEV Sales Tracker. Sales Tracker The price is 7 500€ / year and includes 12 updates. December and Full Year 2019 Data Center subscribers have 20 % lower price Contact [email protected] for info EVVOLUMES.COM Table of Contents Executive Summary 3 World 6 China 29 USA 36 Europe 43 Norway 51 UK 58 France 65 Germany 72 Japan 79 About EV-volumes 86 xEV Sales Tracker December & FY 2019 2 19-02-2020 EVVOLUMES.COM 2.2 million EVs were sold in 2019, growing by only 11% compared to last year and still representing less than 3% of PV sales. USA were down, China stable and Europe significantly up. Countries • China – 1.2 million EVs (5.2% penetration) - up 6% - 80% BEV – BJEV EU-Series = most solD EV • Europe – 565k EVs (3.1% penetration) - up 45% - 64% BEV – Tesla MoDel 3 = most solD EV • U.S.A. – 320k EVs (1.9% penetration) - down 12% - 73% BEV – Tesla MoDel 3 = most solD EV • Germany – 106k EVs (2.9% penetration) - up 60% - 64% BEV – Renault Zoé= most solD EV • Norway – 79k EVs (56% penetration) - up 9% - 76% BEV – Tesla MoDel 3 = most solD EV • UK – 75k EVs (3.2% penetration) – up 24% - 51% BEV – Tesla MoDel 3 = most solD EV • France – 62k EVs (2.8% penetration) - up 35% - 70% BEV – Renault Zoé = most solD EV • Japan – 44k EVs (1% penetration) - down 18% - 53% BEV – Nissan Leaf = most solD EV OEMs • Tesla won the OEM crown once again in front of BYD anD BAIC with more than 360k EVs solD • VW Group is finally serious about EVs and will overtake BMW Group in 2020 to become the 1st European OEM Models • Tesla MoDel 3 won the EV crown once again with more than 300k units solD • More than 50k Tesla MoDel 3 were solD in December while there wasn’t any European EV in Top 10 xEV Sales Tracker December & FY 2019 3 19-02-2020 EVVOLUMES.COM China represented 58% of global BEV market in December while Europe kept its lead on PHEVs with 46% market share and South Korea on FCEVs with 55% market share (300 units). -
August of 2019 Newsletter
Traveling with the Payson Arizona AUGUST 2019 PRESIDENT Steve Fowler THE RIM COUNTRY CLASSIC AUTO CLUB IS A NON-PROFIT If you read your e-mails, you know that Richard Graves ORGANIZATION FOR stepped down as President, so this monthly missive THE PURPOSE OF: falls to me. I’d like to express my gratitude to the Providing social, educational members of the board and others who became aware and recreational activities of the changes for their unwavering support. We for its membership. anticipate a smooth transition. Also, many thanks to Participating in and support- those who have come forward this year and ing civic activities for the betterment of the community. volunteered to spearhead activities for a particular Encouraging and promoting month. This has thus far worked out quite well and the preservation and restora- helped spread the load out to more members. I think tion of classic motor vehicles. that those who have done so would agree that it is not Providing organized activities involving the driving and a particularly difficult task, just takes a little effort to showing of member’s cars. put ideas into motion. This also holds true on the efforts involved in putting on our annual car show. The old saying that “many hands make light work” is very RCCAC meets at true, and we actually have fun doing it! 6:30p.m. on the first It was with much sadness and surprise that we learned Wednesday of the month at of the passing of Ron Trainor this past month. I’d had Tiny’s Restaurant, 600 the opportunity to work with him on his Impala and to E. -
Award Winners
Presented by The Rotary Club of Forest Grove Sunday July 17, 2016 Award Winners Best in Show Sponsored by: BMW Portland 1937 Cord Super Charged 812 Norman and Judi Noakes, Lake Oswego, Oregon Best Classic Car Sponsored by: Barrett-Jackson Auction Company 1937 Cord Super Charged 812 Norman and Judi Noakes, Lake Oswego, Oregon Best Open Car Sponsored by: Knights of Pythais 1958 Porsche 356A Cabriolet Ernie Spada, Lake Oswego, Oregon Best Closed Car Sponsored by: Rotary Club of Forest Grove 1947 Chrysler Town & Country Alan and Sandi McEwan Redmond, Washington Pacific University President's Award Sponsored by: Columbia Bank 1971 BMW 3.0 CSL Alpina B2S Peter and Jennifer Gleeson, Edmunds, Washington Guy and Flo Carr Award Sponsored by: Carr Chevrolet Subaru 1954 Chevrolet Corvette Steve Chaney, Vancouver, Washington Best Rod Award Sponsored by: Rotary Club of Forest Grove 1934 Ford Roadster Randy Downs, Portland, Oregon Allen C. Stephens Elegance Award Sponsored by: The Stephens Family 1964 Jaguar XKE Clifford Mays, Vancouver, Washington Best Custom Award Sponsored by: Rotary Club of Forest Grove 1958 Chevrolet Impala Ray Hamness Portland, Oregon Rotary President's Award Sponsored by: Rotary Club of Forest Grove 1967 Lincoln Continental Ron Wade Vancouver, Washington Larry Douroux Memorial Award Sponsored by: Howard Freedman - Packards of Oregon 1940 Packard 180 Bill Jabs Eagle Creek, Oregon People's Choice Sponsored by: Sports Car Market Magazine 1931 Lincoln K205 Larry Knowles Tulalip, Washington Spirit of Motoring Sponsored by: Sports Car Market Magazine 1962 Volkswagen Beetle Timothy Walbridge and Cera Ruesser, Beaverton, Oregon Jerry Hanauska Memorial Award Sponsored by: Howard Freedman - Classic Car Club of America - Oregon Region 1923 Lincoln Roadster 111 Mike and Diane Barrett, Nooksack, Washington Dr. -
2019 Annual Results Announcement
2019 Annual Results Announcement 30 March 2020 Copyright 2020, Nexteer Automotive Corporation. All rights reserved. 1 Safe Harbor Statement These materials have been prepared by Nexteer Automotive Group Limited (“Nexteer” or the “Company”) and are being furnished to you solely for informational purposes. The information contained in these materials has not been independently verified. NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED IS MADE AS TO, AND NO RELIANCE SHOULD BE PLACED ON, THE FAIRNESS, ACCURACY, COMPLETENESS OR CORRECTNESS OF THE INFORMATION OR OPINIONS CONTAINED HEREIN. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial or trading position or prospects. Neither Nexteer nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss that may arise from any use of this presentation or its contents or otherwise arising in connection with this presentation. Certain statements contained in these materials constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed by, or implied by the forward-looking statements in these materials. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Many factors may cause the actual development to be materially different from the expectations expressed here. Such factors include, for example and without limitation, changes in general economic and business conditions, fluctuations in currency exchange rates or interest rates, the introduction of competing products, the lack of acceptance for new products or services and changes in business strategy. -
Drafts As Existing at 19 September 1995
WORKING DRAFT - 19 SEPTEMBER 1995 Status: Consolidation of drafts as existing at 19 September 1995 CHAPTER 1 FORMAL PROVISIONS Republic of South Africa 1. (1) The Republic of South Africa shall be one, sovereign state. (2) The national territory of the Republic comprises the areas of the provinces of - (a) ...1 (3) The areas and boundaries of the provinces shall be as defined in the Constitution of the Republic of South Africa Act, 1993.2 Provinces 2. (1) The following provinces shall, for the purposes of the Constitution, be recognised as the provinces of the Republic: 1 The names of the provinces to be inserted when that issue has been finalised. 2 In terms of Constitution Principle XVIII(1) the boundaries of the provinces must be defined in the Constitution. Furthermore, the boundaries must be the same as those established in terms of the Interim Constitution (CP XVIII(3)). Special provision will have to be made in the section dealing with amendment of the Constitution with regard to the alteration of provincial boundaries - see CP XVIII(4) and (5). Working draft: 19 September 1995 (a) ... (b) ... (2) Parliament shall at the request of a provincial legislature alter the name of a province in accordance with the request of such legislature. (3) The areas and boundaries of the respective provinces shall be as established at the commencement of the Constitution.3 2. National symbols4 3. Languages5 4. 3 See Constitutional Principle XVIII. 4 Still under consideration. 5 Still under consideration. - 2 - Working draft: 19 September 1995 CHAPTER 2 CONSTITUTIONAL DEMOCRACY Citizenship6 5. -
Unit 6 Federalism in Australia
UNIT 6 FEDERALISM IN AUSTRALIA Structure 6.1 Introduction 6.2 Objectives 6.3 The Background 6.4 Nature of Federalism and Division of Powers 6.4.1 Division of Powers 6.4.2 Financial Relations 6.4.3 Dual Judiciary 6.5 Towards Centralisation 6.5.1 Constitutional Amendments 6.5.2 Judicial Support 6.5.3 Powerful Commonwealth 6.6 New Federalism 6.6.1 Hawke's New Federalism 6.6.2 The Significance of Intergovernmental Bodies 6.6.3 The Council of Australian Governments 6.6.4 The Leaders' Forum 6.6.5 Ministerial Councils 6.7 Summary 6.8 Exercises Suggested Readings 6.1 INTRODUCTION Australia, like India and Canada, is both a federal and parliamentary democracy. In 1900 when Australia adopted a federal constitution, there was a history of economic and political independence in the federating colonies. Australia's founding fathers, while trained in the working of British Westminster model, were quite attracted to the American federal model. Thus six self- governing British colonies, while becoming constituent states of the federal system, ensured that the rights of the states would not be subordinated to the central power and there was equal representation in the senate. Accordingly, the constitution provided that the Commonwealth would have only such powers as were expressively conferred upon it, leaving all the residual powers within the exclusive authority of the states. However, from the very beginning there emerged a national sentiment for strengthening and augmenting the central government powers. There came up a gradual expansion of the central government. This was achieved partly by constitutional amendments, partially by High Courts interpretations and to some extent by the consent of states in a formal manner during the two World Wars. -
China Autos Asia China Automobiles & Components
Deutsche Bank Markets Research Industry Date 18 May 2016 China Autos Asia China Automobiles & Components Vincent Ha, CFA Fei Sun, CFA Research Analyst Research Analyst (+852 ) 2203 6247 (+852 ) 2203 6130 [email protected] [email protected] F.I.T.T. for investors What you should know about China's new energy vehicle (NEV) market Many players, but only a few are making meaningful earnings contributions One can question China’s target to put 5m New Energy Vehicles on the road by 2020, or its ambition to prove itself a technology leader in the field, but the surge in demand with 171k vehicles sold in 4Q15 cannot be denied. Policy imperatives and government support could ensure three-fold volume growth by 2020, which would make China half of this developing global market. New entrants are proliferating, with few clear winners as yet, but we conclude that Yutong and BYD have the scale of NEV sales today to support Buy ratings. ________________________________________________________________________________________________________________ Deutsche Bank AG/Hong Kong Deutsche Bank does and seeks to do business with companies covered in its research reports. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MCI (P) 057/04/2016. Deutsche Bank Markets Research Asia Industry Date China 18 May 2016 Automobiles & China