Downloaded From

Total Page:16

File Type:pdf, Size:1020Kb

Downloaded From Annual Report 2015 THANK YOU. Mobility binds us together. It allows us to discover new things, meet friends, go to work, run errands. And it makes growth and prosperity possible for all of us. Our mobility today would be inconceivable without the invention of the automobile almost 130 years ago. And with ten patent applications a day in this land of ideas, it is reinvented every day. The result is increasingly safe, environment- and climate-friendly, and comfortable mobility for all of us. We owe this to the more than 785,000 people who have made Germany the most successful automotive nation in the world. We are presenting some of them here. And we extend our thanks to all of them. www.vda.de www.unsere-autos.de Annual Report 2015 7 Foreword Despite a geopolitically tense environment, the global automotive industry continued to grow once again in 2014. The global car market increased with the three largest markets of China, the USA and Western Europe recording positive development. China managed to build on its lead as the largest single market in the world. The light vehicle market in the USA recorded its best results for eight years. In Western Europe, too, positive figures were at last recorded again after five years of negative growth, with new registrations rising by 5 percent to 12.1 million cars. Because they are set up to serve the global market, German manufacturers have benefited from this global growth. One in five cars sold in 2014 bore a German company logo. The German automotive manufacturers produced almost 15 million cars last year, over 9 million of which were manufactured at sites outside Germany. Our member companies also increased their production in Germany, however – to 5.6 million units. One of the main reasons behind this success is the high rate of innovation within the German automotive industry. Our suppliers had a successful year overall in 2014. Once again in 2015 they will be faced with increased challenges due to globalization, fiercer competition and more pressure on costs. The automotive supply industry, and in particular medium- sized family-run enterprises, will only be able to stand up to these challenges with innovations and flexibility. And the industry will continue to work on strengthening its German sites since domestic locations provide an essential base for exploiting global opportunities. Last year was both good and bad for commercial vehicle manufacturers. While the US market underwent significant growth, demand for heavy commercials in most markets around the world fell. In Germany, the truck market remained almost flat at the same level as the previous year, completely against the trend in the rest of Western Europe. Production of light commercials, however, grew drastically with over 300,000 vans rolling off the production belts in Germany in 2014, with three- quarters of them going for export. The trailer and body industry also managed to record good growth overall. The companies in this industry strengthened their strong competition position in Europe by significantly increasing exports and growing in the domestic market as well. These medium-sized and often highly specialized companies set standards in terms of flexibility and product innovation. Bus manufacturers con- tinued to benefit from the stimulus provided by the rapidly growing coach market. FOREWORD 8 Every year, our manufacturers invest more than 30 billion euros in research and develop- ment around the world. And the majority of this is spent in Germany. The German automotive industry therefore accounts for one-third of all industrial research invest- ments in Germany. The results of all these efforts are palpable, with our cars needing less and less fuel and with CO2 emissions falling at a similar rate. Over the last five years, new cars from German manufacturers registered in Germany have reduced their average emissions of CO2 by over 15 percent to 133 grams and they now need around one-quarter less fuel than was the case in 2006. Average fuel consumption has fallen since then, from 7.1 liters per 100 km to just 5.4 liters per 100 km. The German auto- motive industry is therefore a pioneer in climate protection in this sector. However, this progress has mainly been achieved by improved internal combustion engines. The future, even more ambitious, CO2 requirements imposed by the EU can only be satisfied, however, if a large proportion of newly registered cars have alternative power units, for example an electric motor. Germany has attained its objective of becoming the leading supplier of electromobility. In 2014, 17 standard models were launched while this year a further 12 electric cars will be added to the available range. But Germany is still far from being the lead market. Although sales in 2014 rose by around 70 percent, the absolute figures are still low. Germany will have to accelerate massively to achieve its declared target of one million vehicles by the end of the decade. The German Bundestag has passed the Electromobility Law. We welcome the fact that electric cars will now be given priority by being awarded privileges in terms of parking and being able to use bus lanes. However, one thing that is still missing in an additional effective incentive, a purchasing incentive from both companies and from the public purse. Another possible major lever in this respect could be the special depreciation of commercially used electric vehicles proposed by the National Electromobility Platform. Another very important driver of innovation is networked, automated driving. This presents a major political, economic and social challenge to make road traffic safe and efficient in the future. The German automotive industry is developing solutions for a very wide range of driver assistance systems, some of which are already in use. These systems will help manage some of the driving duties, taking the strain off the driver. To make progress with networked, automated cars, however, the auto- motive industry has to be able to rely on a legal framework both in Europe and in a global context. On the one hand, the infrastructure has to be adjusted and expanded for networking. On the other, the requirements must be met for ensuring that vehicles can take on duties that currently have to be carried out by the driver himself. As networking and automation becomes more widespread, the requirements for data protection in vehicles are also on the increase. In view of their responsibility in this respect, the German automotive industry will also have to implement a definite security culture in networked vehicles as well. The member companies of the VDA have defined joint data protection principles for networked vehicles. These comprise the three core points of transparency, self-determination and data security. 9 Markets are growing and Germany is a strong exporter, particularly its automotive industry. This is currently something we can be proud of. However, despite the good economic situation at the moment we must not rest on our laurels. Companies face challenges in the form of pension packages, minimum wages and the planned reform of inheritance tax. The three groups of manufacturers within the VDA are reliant on secure energy supplies at competitive prices, while the expansion of traffic infrastructure and a new start towards deregulation in Germany and the rest of Europe appears to be more urgent than ever. We need sustainable stimuli to support companies’ innovations and invest- ments. That is the only way that the German automotive industry will be able to continue its success. Our association represents manufacturers and suppliers, all of whom are campaigning for more trade barriers to be removed. A comprehensive free trade convention between Europe and the USA will provide Germany and Europe with some great opportunities. The Transatlantic Trade and Investment Partnership TTIP is an historic opportunity. Europe and the USA can set joint standards, which will have a major effect on our world over the next few decades. If we jointly acknowledge transatlantic rules and regulations and assimilate them, TTIP can become a real engine for Europe as an economic power. And that is why we say “Yes to TTIP!” The range of duties that this key industry has to cover is as extensive as the current model range offered by the German automotive industry. This annual report provides an overview of the main topics that have marked the year 2014 and will continue to occupy us in 2015. But one thing is abundantly clear – it will still be exciting. But read for yourselves. With best regards, Matthias Wissmann President, German Association of the Automotive Industry CONTENT 10 Content Dates, Facts and Figures 15 Figures and information 16 The situation in the automotive industry 20 The situation for commercial vehicles, trailers, bodies and buses 33 The situation in the supplier industry 37 International Trade and Investment 39 Trade and investment policy 40 Foreign trade promotion and development cooperation 44 International supply of raw materials 44 Economic Policy in Europe and Germany 47 Germany as an industrial location and its competitiveness 48 EU policy for an efficient automotive industry 50 Suppliers and Small and Medium-sized Enterprises 55 Globalization and localization: Small and medium-sized enterprises face a challenge 56 The VDA supports the globalization course 57 Collaboration in the regions: The VDA dialog with the federal states 58 Collaboration in Europe: CLEPA 58 Company financing: Model for the small and medium-sized
Recommended publications
  • Annual Report 2014
    Annual Report 2014. Landesbank Baden-Württemberg Key figures of the LBBW Group. 1) Income statement (EUR million) 1 Jan. – 31 Dec. 2014 1 Jan. – 31 Dec. 2013 Net interest income 1 878 1 773 Allowances for losses on loans and advances – 104 – 314 Net fee and commission income 518 545 Net gains/losses from financial instruments measured at fair value through profit or loss – 120 369 Net gains/losses from financial investments, net income/expenses from investments accounted for using the equity method and from profit/loss 263 16 transfer agreements Other operating income/expenses2) 101 113 Total operating income/expenses (after allowances for losses on loans and advances) 2 536 2 502 Administrative expenses – 1 853 – 1 774 Operating result 683 728 Guarantee commission for the State of Baden-Württemberg – 191 – 300 Impairment of goodwill – 16 – 3 Net income/expenses from restructuring 1 48 Net consolidated profit/loss before tax 477 473 Income tax – 43 – 134 Net consolidated profit/loss 434 339 Key figures in % 1 Jan. – 31 Dec. 2014 1 Jan. – 31 Dec. 2013 1) Return on equity (RoE) 3.7 3.7 Cost income ratio (CIR) 77.9 63.4 Balance sheet figures (EUR billion) 31 Dec. 2014 31 Dec. 2013 Total assets 266.2 274.6 Equity 13.2 13.4 Ratios in accordance with CRR/CRD IV (with transitional rules)3) 31 Dec. 2014 31 Dec. 2013 Risk weighted assets (EUR billion) 82.2 79.4 Common equity Tier 1 (CET 1) capital ratio (in %) 14.6 15.7 Total capital ratio (in %) 19.9 22.5 Ratios in accordance with CRR/CRD IV (Basel III after full implementation) 31 Dec.
    [Show full text]
  • Download VDA QMC Books Via the QMC Portal, and Then Put These at the Disposal of Their Employees, in Addition to Manufacturers and Suppliers Via the Company Intranet
    Annual Report 2010 THANK YOU. Every year the automobile industry generates a turnover of 263,140 billion euros and is one of the biggest training providers in the country. It puts more than 20 billion euros annually into research and development, applies for ten patents a day, making Germany the “Land of Ideas”. Our automobiles are an expression of the inventive spirit, of striving for perfec- tion, of a sense of responsibility, of capability, and of passion. German automobile innovations are at home all over the world, as is our greatest invention: The automobile itself. This success has many faces. Around 710,000 people work in the German automobile sector, in research and development, in production, in manage- ment and administration, or in sales and marketing. Without them, we would not be what we are today, the most successful and most innovative automobile nation in the world. It is our pleasure to present some of these amazing, dedi- cated, and successful people here. And to all of them, we say: Thank you. www.vda.de www.unsere-autos.de Annual Report 2010 7 Foreword What an extraordinary year we have just experienced. The world has been through the most serious economic crisis in decades. The gross domestic product of a great many industrialized countries, including Germany, shrank to an extent never previously witnessed. The global demand for cars fell by four percent and, in the commercial vehicle sector, demand was even more seriously affected. The German automotive industry – a major source of exports – was not immune to the effects of the global slump.
    [Show full text]
  • Download Company Regulations for External Persons
    Company regulations for external persons Arbeitsanweisung (+ Änderungsstand und Datum) hinterlegt in Lotus Notes – XERI – EDV6_AA_924 (Version 6.0) page 1 of 9 Company regulations for external persons Content General information on these regulations ..................................................................................................... 3 General rules ................................................................................................................................................ 4 Special regulations for stays in production, testing and development facilities and technical rooms ............. 6 Special regulations for independent work on the factory premises by employees of service providers ......... 7 Additional instructions for installation & manual work ................................................................................ 9 Additional information for work on buildings .............................................................................................. 9 This rule is published by: Veritas AG Quality - Safety - Health - Environment Stettiner Straße 1-9 D-63571 Gelnhausen We are looking forward to suggestions for improvement. If you have any suggestions, please do not hesitate to con- tact us ([email protected]). Arbeitsanweisung (+ Änderungsstand und Datum) hinterlegt in Lotus Notes – XERI – EDV6_AA_924 (Version 6.0) page 2 of 9 Company regulations for external persons General information on these regulations Aim: The Poppe-Veritas group wants to . avoid or reduce the risks of hazards
    [Show full text]
  • Man Se 2017 Annual Report
    2017 ANNUAL REPORT Engineering the Future – since 1758. MAN SE TEMPO We will see more changes in the next ten years than we have in the last fi ve decades. Innovative solutions in the fi elds of transportation and energy are becoming increasingly important, and demand for them is growing rapidly. We are putting this development to good use – with new concepts and products, cooperation initiatives and services. We are advising major cities on how to develop a modern transportation infrastructure. We are automating the transportation of goods. We are moving away from components to become a system provider, a one-stop shop for drives along with monitoring, consulting, and other types of services. If we want to meet the challenges of the future successfully, we have to rise to them today – of that much we are sure. This is why we are engineering the future of MAN and our customers right here, right now. By upping the tempo. Joachim Drees, Chief Executive Officer of MAN SE TEMPO – The 2017 Annual Report Magazine P. 04 A CITY IN MOTION Setting the course for the future: Munich is aiming to electrify its entire public bus network. MAN Truck & Bus is on hand to provide help and advice for the transition. P.10 QUIET REVOLUTION A modern way to manufacture: the MAN Latin America smart factory in Brazil has reached an automation level of 60%. Starting in 2020, it will manufacture the e-Delivery – a fully electric truck for urban logistics. P.12 ON THE GO Seizing opportunities: a road test involving MAN Truck & Bus trucks driving on the A9 in a platoon will begin in 2018.
    [Show full text]
  • MAN SE Annual Report 2016
    The MAN Group is one of Europe’s leading players in the engine, commercial vehicle, and mechanical engineering industries. As a supplier of trucks, buses, vans, diesel engines, turbomachinery, and special gear units, we hold leading positions in all our markets. II MAN AT A GLANCE 2016 ORDER INTAKE ON A LEVEL WITH THE PREVIOUS YEAR 14.4 € billion [ 2015: €14.4 billion] SALES REVENUE SLIGHTLY BELOW THE PREVIOUS YEAR 13.6 € billion [ 2015: €13.7 billion] SIGNIFICANT IMPROVEMENT IN OPERATING PROFIT 204 € million [ 2015: €92 million] SIGNIFICANT IMPROVEMENT IN OPERATING RETURN ON SALES 1.5 percent [ 2015: 0.7%] BREAK-EVEN NET CASH FLOW 0 € billion [ 2015: €0.5 billion] III Group key figures (IFRSs) Change € million 2016 2015 in % Order intake 14,357 14,381 0 Germany 3,677 3,486 5 Other countries 10,680 10,895 – 2 Sales revenue 13,564 13,702 – 1 Germany 3,273 3,252 1 Other countries 10,290 10,449 – 2 Order backlog 1 5,641 6,037 – 7 Headcount 1 53,824 55,030 – 2 Change Income statement € million Operating profit before special items 2 417 277 140 Special items 2 – 213 – 185 – 28 Operating profit 204 92 112 Operating return on sales (%) 1.5 0.7 0.8 Earnings before tax from continuing operations (EBT) 49 95 – 46 Profit/loss after tax – 7 150 – 156 Balance sheet Total assets 1 19,438 18,110 1,327 Total equity 1 5,850 5,565 285 Equity ratio (%) 1 30.1 30.7 – 0.6 Net financial debt 1 – 1,875 – 1,311 – 564 Cash and cash equivalents 1 796 779 17 Cash flow Net cash provided by operating activities 833 1,162 – 329 Net cash used in investing activities attributable to operating activities – 831 – 667 – 164 Net cash flow 2 495 – 493 Change Shares in € Earnings per share from continuing operations in € – 0.12 1.02 – 1.14 Annual cash compensation payment/guaranteed dividend per share in € 3 3.07 3.07 – 1 As of December 31, 2016, vs.
    [Show full text]
  • Annual Report Man Se
    ANNUAL REPORT Engineering the Future – since 1758. MAN SE The MAN Group is one of Europe’s leading players in the commercial vehicle industry. It aims to offer innovative transportation solutions for its customers as well as generating profitable international growth and a sustained increase in its enterprise value. II MAN AT A GLANCE 2018 ORDER INTAKE INCREASED SHARPLY 13.9 € billion [ 2017: €12.4 billion ] SALES REVENUE SIGNIFICANTLY ABOVE THE PREVIOUS YEAR 12.1 € billion [ 2017: €11.1 billion ] SLIGHT DECLINE IN OPERATING PROFIT 332 € million [ 2017: €358 million ] DECLINE IN OPERATING RETURN ON SALES 2.7 percent [ 2017: 3.2% ] POSITIVE NET CASH FLOW +0.4 € billion [ 2017: €–0.3 billion ] III Group key figures (IFRSs) Change € million 2018 2017 in % Order intake 13,913 12,397 12% Germany 3,911 3,268 20% Other countries 10,002 9,129 9% Sales revenue 12,104 11,087 9% Germany 3,194 2,961 8% Other countries 8,910 8,126 10% Order backlog 1 3,770 3,000 26% Headcount 1 38,430 54,297 –29% Change Income statement in € million Operating profit 332 358 –26 Operating return on sales in % 2.7 3.2 –0.5 Profit before tax from continuing operations (EBT) 562 327 235 Profit after tax 686 321 365 Balance sheet Total assets 1 19,751 20,282 –531 Total equity 1 5,685 6,125 –440 Equity ratio in % 1 28.8 30.2 –1.4 Net financial debt 1 –3,051 –2,291 –760 Cash and cash equivalents 1 1,150 782 368 Cash flow Gross cash flow — continuing operations 1,435 1,132 304 Change in working capital — continuing operations –820 –829 9 Net cash used in investing activities attributable to operating activities –235 –628 393 Net cash flow — continuing operations 380 –326 706 Change Shares in € Earnings per share from continuing operations in € 2.97 1.06 1.90 Annual cash compensation payment/guaranteed dividend per share (in €) 2 5.10 5.10 – 1 As of December 31, 2018, vs.
    [Show full text]
  • Metal Technology
    ITD Hungary - A One-Stop Shop for Business The government’s investment and trade development agency was established in 1993 to promote inward investments and bilateral trade. With representative offi ces in eight regional centres of Hungary and a foreign network operating under Hungary’s diplomatic services and by special assignments in 60 countries, ITD Hungary is a single point of contact to support decision- makers looking for new business opportunities in Hungary. The Agency’s investment services include: Metal Technology • In-depth, tailored information on the local economy and the legal environment; sector-specifi c overviews • Liaising with local and central authorities, suppliers and service providers in Hungary • Information and advice on available incentives and fi nalisation of incentives agreements • Assistance in accelerating permitting procedures, recruitment and visa procedures in Metal Technology • Mediation between companies operating in Hungary and the government sector to improve the business climate • Support and generation of reinvestments • Promotion of Hungarian direct investments abroad Through a diverse set of marketing tools and support programmes, ITD Hungary offers substantial logistical, fi nancial and professional assistance to both start-up and established Hungarian exporters. The Agency also co-ordinates the Hungarian activities of the Enterprise Europe Network, which, with a focus on innovative enterprises and innovation-related sectors, offers support Hungary 2010 and advice to SMEs across Europe and helps them make the most of opportunities in the European Union. ITD Hungary develops and distributes printed and electronic business literature in a variety of languages. The Agency arranges business programmes for individual visitors and delegations, organises conferences, exhibitions, product showcases and other awareness and networking business events.
    [Show full text]
  • Annual Report 2013
    Annual Report 2013. Landesbank Baden-Württemberg Key figures of the LBBW Group. 1 Jan. – 1 Jan. – Income statement (EUR million) 31 Dec. 2013 31 Dec. 2012 Net interest income 1,794 2,057 Allowances for losses on loans and advances – 310 – 143 Net fee and commission income 522 514 Net gains/losses from financial instruments measured at fair value through profit or loss 373 24 Net gains/losses from financial investments, net income/expenses from investments accounted for using the equity method and from profit/loss transfer agreements 16 135 1) Other operating income/expenses 105 – 33 Total operating income/expenses (after allowances for losses on loans and advances) 2,500 2,554 Administrative expenses – 1,774 – 1,860 Operating result 726 694 Guarantee commission for the State of Baden-Württemberg – 300 – 305 Impairment of goodwill – 3 0 Net income/expenses from restructuring 48 10 Net consolidated profit/loss before tax 471 399 Income tax – 134 – 1 Net consolidated profit/loss 337 398 1 Jan. – 1 Jan. – Key figures in % 31 Dec. 2013 31 Dec. 2012 Return on equity (RoE) 3.6 3.8 Cost income ratio (CIR) 63.5 72.6 Balance sheet figures (EUR billion) 31 Dec. 2013 31 Dec. 2012 Total assets 273.5 336.3 Equity 13.4 10.3 Ratios in accordance with SolvV (Basel 2.5) 31 Dec. 2013 31 Dec. 2012 Core capital (EUR billion) 14.7 14.7 Own funds (EUR billion) 17.9 18.8 Risk weighted assets (EUR billion) 79.4 95.8 Core capital ratio (Tier 1 ratio) (in %) 18.5 15.3 Total ratio in accordance with SolvV (in %) 22.5 19.7 Ratios in accordance with CRR/CRD IV (Basel III after full implementation) 31 Dec.
    [Show full text]
  • Reliable Performance. the Annual Report 2015
    Reliable performance. The annual report 2015. Landesbank Baden-Württemberg 1 Key figures of the LBBW Group. Income statement (EUR million) 1 Jan. – 31 Dec. 2015 1 Jan. – 31 Dec. 20141) Net interest income 1 654 1 878 Allowances for losses on loans and advances – 55 – 104 Net fee and commission income 498 518 Net gains/losses from financial instruments measured at fair value through profit or loss 226 – 120 Net gains/losses from financial investments and net income/expenses from investments accounted for using the equity method 94 263 Other operating income/expenses 134 101 Total operating income/expenses (after allowances for losses on loans and advances) 2 551 2 536 Administrative expenses – 1 782 – 1 770 Guarantee commission for the State of Baden-Württemberg – 121 – 191 Expenses for bank levy and deposit guarantee system – 73 – 82 Impairment of goodwill 0 – 16 Net income/expenses from restructuring – 44 1 Consolidated profit/loss before tax 531 477 Income taxes – 109 – 39 Net consolidated profit/loss 422 438 1) Key figures in % 1 Jan. – 31 Dec. 2015 1 Jan. – 31 Dec. 2014 Return on equity (RoE) 4.1 3.7 Cost/income ratio (CIR) 70.9 74.5 Balance sheet figures (EUR billion) 31 Dec. 2015 31 Dec. 2014 Total assets 234.0 266.3 Equity 13.6 13.2 Ratios in accordance with CRR/CRD IV (with transitional rules) 31 Dec. 2015 31 Dec. 2014 Risk weighted assets (EUR billion) 74.5 82.2 Common equity Tier 1 (CET 1) capital ratio (in %) 16.4 14.6 Total capital ratio (in %) 21.9 19.9 Ratios in accordance with CRR/CRD IV (Basel III after full implementation) 31 Dec.
    [Show full text]