Knowing Where It's Going Before It Gets There
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Agreements That Have Undermined Venezuelan Democracy Xxxxxxxxxxxxxxxxxxxxxxthe Chinaxxxxxxxxxxxxxxxxxxxxxx Deals Agreements That Have Undermined Venezuelan Democracy
THE CHINA DEALS Agreements that have undermined Venezuelan democracy xxxxxxxxxxxxxxxxxxxxxxThe Chinaxxxxxxxxxxxxxxxxxxxxxx Deals Agreements that have undermined Venezuelan democracy August 2020 1 I Transparencia Venezuela THE CHINA DEALS Agreements that have undermined Venezuelan democracy Credits Transparencia Venezuela Mercedes De Freitas Executive management Editorial management Christi Rangel Research Coordinator Drafting of the document María Fernanda Sojo Editorial Coordinator María Alejandra Domínguez Design and layout With the collaboration of: Antonella Del Vecchio Javier Molina Jarmi Indriago Sonielys Rojas 2 I Transparencia Venezuela Introduction 4 1 Political and institutional context 7 1.1 Rules of exchange in the bilateral relations between 12 Venezuela and China 2 Cash flows from China to Venezuela 16 2.1 Cash flows through loans 17 2.1.1 China-Venezuela Joint Fund and Large 17 Volume Long Term Fund 2.1.2 Miscellaneous loans from China 21 2.2 Foreign Direct Investment 23 3 Experience of joint ventures and failed projects 26 3.1 Sinovensa, S.A. 26 3.2 Yutong Venezuela bus assembly plant 30 3.3 Failed projects 32 4 Governance gaps 37 5 Lessons from experience 40 5.1 Assessment of results, profits and losses 43 of parties involved 6 Policy recommendations 47 Annex 1 52 List of Venezuelan institutions and officials in charge of negotiations with China Table of Contents Table Annex 2 60 List of unavailable public information Annex 3 61 List of companies and agencies from China in Venezuela linked to the agreements since 1999 THE CHINA DEALS Agreements that have undermined Venezuelan democracy The People’s Republic of China was regarded by the Chávez and Maduro administrations as Venezuela’s great partner with common interests, co-signatory of more than 500 agreements in the past 20 years, and provider of multimillion-dollar loans that have brought about huge debts to the South American country. -
Hyundai Develops New Fuelsaving Kappa Engine
Hyundai Motor America 10550 Talbert Ave, Fountain Valley, CA 92708 MEDIA WEBSITE: HyundaiNews.com CORPORATE WEBSITE: HyundaiUSA.com FOR IMMEDIATE RELEASE HYUNDAI DEVELOPS NEW FUELSAVING KAPPA ENGINE Oles Gadacz Meeyoung Song Product Public Relations Manager Product Public Relations Manager +82+234642154 +82+234642156 [email protected] [email protected] ID: 32709 Innovative technologies cut weight and friction to boost fuel economy 5.0L/100km (47 mpg) in the European combined test cycle Lowest CO2 in its class: just 119g/km Lightest dry weight in its class: just 82.4kg To be installed on Hyundai i10, i20 A and Bsegment cars SEOUL, Korea, June 23, 2008 In an era of soaring gasoline prices, Hyundai Motor Co. is helping frugalminded drivers meet the challenge of affordable transportation with its newly developed Kappa engine. "The world is thinking small like never before: Smaller fuel consumption, smaller CO2 footprint, smaller overall emissions. Today small is beautiful and Hyundai is ready to answer the call to small with our new Kappa inline four cylinder engine," said President and Chief Technology Officer Lee HyunSoon. Hyundai's i10 minicar with a 1.25 liter Kappa engine will deliver a fuel economy rating of 5.0L/100km (47 mpg) in the European combined test cyclefor best in class performance. And Kappa runs cleaner than the competition: In the European combined test cycle, an i10 equipped with the Kappa engine produces just 119g/km of CO2—far less than the Fiat Panda, Fiat Punto, Opel Corsa, Renault Twingo and Nissan Micra. -
Jsc Avtovaz Avtovaz Group* Operating Highlights for 2003
ANNUAL REPORT | 2003 | JSC AVTOVAZ AVTOVAZ GROUP* OPERATING HIGHLIGHTS FOR 2003 Vehicle unit sales, JSC AVTOVAZ 2003 2002 Change 000’s units 000’s units % Domestic market 626 577 8.49 Export market 92 98 (6.12) Total 718 675 6.3 Automotive assembly kits sales 98 101 (2.97) RR mln RR mln % Net sales 130,772 119,432 9.49 Operating income 5,941 5,591 6.26 Consolidated Statement 2003 2002 Change of Income** RR mln RR mln % For the year ended 31 December Net sales 130,772 119,432 9.49 Cost of sales (110,003) (99,331) 10.74 Gross profit 20,769 20,101 3.32 Interest expense (3,416) (3,077) (11.02) Other expense, net (14,402) (15,896) (9.4) Net income for the year 2,951 1,128 161.61 Consolidated Balance Sheet** 2003 2002 Change At 31 December RR mln RR mln % Cash and cash equivalents 6,767 2,751 145.98 Other current assets 37,069 33,393 11.01 Non-current assets 108,228 102,836 5.24 Total liabilities 72,562 62,166 16.72 Minority interest 1,290 1,587 (18.71) Total shareholders’ equity 78,212 75,227 3.97 Share price and dividend 2003 2002 Change development, JSC AVTOVAZ*** Share price RR RR % For the year ended 31 December Ordinary share Closing 774.7 679.72 +13.97 Annual high 906.42 1201.31 -24.55 Annual low 582.06 558.64 +4.19 Preference share Closing 471.88 371.17 +27.13 Annual high 525.68 667.54 -21.25 Annual low 339.77 319.10 +6.48 Dividends Per ordinary share 6.00 5.00 +20.0 Per preference share 95.00 17.00 +458.82 * The AVTOVAZ Group mentioned hereinafter is the parent company (JSC AVTOVAZ or the “Company”) and all of its subsidiaries and associated companies. -
L'expérience De Valeo
Séminaire Management de l’innovation n n n Séance du 21 novembre 2018 Comment un équipementier français organise ses activités en Chine : l’expérience de Valeo par n Édouard de Pirey n Vice-président du groupe de produits Systèmes d’électrification, Valeo En bref La Chine va vite, très vite. Usine du monde il y a deux décennies, elle est désormais une source majeure d’innovation, en particulier en matière d’intelligence artificielle, et elle bénéficie d’un marché intérieur en pleine expansion. Pour Valeo, équipementier mondialement reconnu pour ses technologies et présent en Chine depuis plus de vingt ans, le challenge est dorénavant de répondre aux exigences croissantes des constructeurs automobiles locaux, tout en s’intégrant aux nouvelles ambitions globales de l’empire du Milieu. Être chinois en Chine tout en restant un groupe international, développer localement des produits répondant aux exigences internationales les plus élevées, faire confiance et développer les compétences locales, tels sont les défis relevés aujourd’hui avec succès par Valeo Chine et ses équipes. Compte rendu rédigé par Pascal Lefebvre L’Association des Amis de l’École de Paris du management organise des débats et en diffuse les comptes rendus, les idées restant de la seule responsabilité de leurs auteurs. Elle peut également diffuser les commentaires que suscitent ces documents. Le séminaire Management de l’innovation est organisé avec le soutien de la Direction générale des entreprises (ministère de l’Économie et des Finances) et grâce aux parrains de l’École de Paris du management : Algoé 1 • Carewan 1 • Conseil régional d’Île-de-France • Danone • EDF • Else & Bang • ENGIE • FABERNOVEL • Fondation Roger Godino • Groupe BPCE • Groupe Caisse des Dépôts • Groupe OCP • GRTgaz • HRA Pharma 2 • IdVectoR 2 • IPAG Business School • L’Oréal • La Fabrique de l’industrie • MINES ParisTech • Ministère de l’Économie et des Finances – DGE • RATP • Renault-Nissan Consulting • SNCF • Thales • UIMM • Ylios 1 1. -
Global Monthly Is Property of John Doe Total Toyota Brand
A publication from April 2012 Volume 01 | Issue 02 global europe.autonews.com/globalmonthly monthly Your source for everything automotive. China beckons an industry answers— How foreign brands are shifting strategies to cash in on the world’s biggest auto market © 2012 Crain Communications Inc. All rights reserved. March 2012 A publication from Defeatglobal spurs monthly dAtA Toyota’s global Volume 01 | Issue 01 design boss Will Zoe spark WESTERN EUROPE SALES BY MODEL, 9 MONTHSRenault-Nissan’sbrought to you courtesy of EV push? www.jato.com February 9 months 9 months Unit Percent 9 months 9 months Unit Percent 2011 2010 change change 2011 2010 change change European sales Scenic/Grand Scenic ......... 116,475 137,093 –20,618 –15% A1 ................................. 73,394 6,307 +67,087 – Espace/Grand Espace ...... 12,656 12,340 +316 3% A3/S3/RS3 ..................... 107,684 135,284 –27,600 –20% data from JATO Koleos ........................... 11,474 9,386 +2,088 22% A4/S4/RS4 ..................... 120,301 133,366 –13,065 –10% Kangoo ......................... 24,693 27,159 –2,466 –9% A6/S6/RS6/Allroad ......... 56,012 51,950 +4,062 8% Trafic ............................. 8,142 7,057 +1,085 15% A7 ................................. 14,475 220 +14,255 – Other ............................ 592 1,075 –483 –45% A8/S8 ............................ 6,985 5,549 +1,436 26% Total Renault brand ........ 747,129 832,216 –85,087 –10% TT .................................. 14,401 13,435 +966 7% RENAULT ........................ 898,644 994,894 –96,250 –10% A5/S5/RS5 ..................... 54,387 59,925 –5,538 –9% RENAULT-NISSAN ............ 1,239,749 1,288,257 –48,508 –4% R8 ................................ -
Ceauto 18/2015 Newsletter 06
CeAUTO 18/2015 Newsletter 06. 05. 2015 INDEX • International 1 • Turkey 10 • Bulgaria 2 • Ukraine 11 • Czech Republic 3 • News from Middle East and Africa 11 • Hungary 4 • Bahrain 11 • Poland 5 • Iran 11 • Romania 5 • Morocco 12 • Russia 6 • Interview 13 • Serbia 10 • This week on ceauto.co.hu 14 • Slovakia 10 • Imprint 14 • Slovenia 10 NEWS International Volkswagen creates integrated commercial vehicles group Volkswagen AG is creating an integrated commercial vehicles group and thus putting in place a structured framework for business with mid-sized and heavy trucks and buses. Truck & Bus GmbH is to become the new Volkswagen Group holding for the MAN and Scania commercial vehicle brands. To this end, the shares in Scania AB held by Volkswagen AG will be transferred to Truck & Bus GmbH. The wholly-owned Volkswagen subsidiary already holds 75.28 percent of the voting rights in MAN SE. The company will be led by Andreas Renschler, member of the Board of Management of Volkswagen AG. Truck & Bus GmbH will steer and coordinate cooperation among the three commercial vehicle companies MAN Truck & Bus AG, MAN Latin America Ltda. and Scania AB. Volkswagen Nutzfahrzeuge (Volkswagen Commercial Vehicles), Volkswagen Group’s manufacturer of light commercial vehicles, will also form part of the integrated commercial vehicles group and will report to Renschler. However, the brand will continue to maintain close ties with the Volkswagen Pkw (Volkswagen Passenger Cars) brand where the synergies mainly lie. 1 CeAUTO Newsletter 18/2015 | 06. 05. 2015 Delphi may spend up to $3 billion on an acquisition in 2015 Delphi Automotive plc could spend $1 billion to $3 billion this year on a large acquisition related to its traditional “hardware” business, the company’s CEO Kevin Clark said in an interview with Reuters. -
P 01.Qxd 6/30/2005 2:00 PM Page 1
p 01.qxd 6/30/2005 2:00 PM Page 1 June 27, 2005 © 2005 Crain Communications GmbH. All rights reserved. €14.95; or equivalent 20052005 GlobalGlobal MarketMarket DataData BookBook Global Vehicle Production and Sales Regional Vehicle Production and Sales History and Forecast Regional Vehicle Production and Sales by Model Regional Assembly Plant Maps Top 100 Global Suppliers Contents Global vehicle production and sales...............................................4-8 2005 Western Europe production and sales..........................................10-18 North America production and sales..........................................19-29 Global Japan production and sales .............30-37 India production and sales ..............39-40 Korea production and sales .............39-40 China production and sales..............39-40 Market Australia production and sales..........................................39-40 Argentina production and sales.............45 Brazil production and sales ....................45 Data Book Top 100 global suppliers...................46-50 Mary Raetz Anne Wright Curtis Dorota Kowalski, Debi Domby Senior Statistician Global Market Data Book Editor Researchers [email protected] [email protected] [email protected], [email protected] Paul McVeigh, News Editor e-mail: [email protected] Irina Heiligensetzer, Production/Sales Support Tel: (49) 8153 907503 CZECH REPUBLIC: Lyle Frink, Tel: (49) 8153 907521 Fax: (49) 8153 907425 e-mail: [email protected] Tel: (420) 606-486729 e-mail: [email protected] Georgia Bootiman, Production Editor e-mail: [email protected] USA: 1155 Gratiot Avenue, Detroit, MI 48207 Tel: (49) 8153 907511 SPAIN, PORTUGAL: Paulo Soares de Oliveira, Tony Merpi, Group Advertising Director e-mail: [email protected] Tel: (35) 1919-767-459 Larry Schlagheck, US Advertising Director www.automotivenewseurope.com Douglas A. Bolduc, Reporter e-mail: [email protected] Tel: (1) 313 446-6030 Fax: (1) 313 446-8030 Tel: (49) 8153 907504 Keith E. -
Global Mobility Through Changing Times Sustainability Report 2014/15
Sustainability Report 2014/15 c d b ] e a Home Year in Strategy and MOBILITY PRODUCT QUALITY CLIMATE CHANGE AND OUR PEOPLE SUPPLY CHAIN COMMUNITIES Review Governance AND SAFETY ENVIRONMENT Global Mobility Through Changing Times Sustainability Report 2014/15 We want to change how the world moves. Again. “At Ford, mobility is about far more than motion. It is really about progress. Human progress.” – Mark Fields, President and Chief Executive Officer ? Spotlight Stories We challenged software developers to help The new F-150 is Ford’s toughest, most capable accident victims during the “golden hour” in – and most sustainable – truck ever. India. Ford provides tools, technology and training to We’re developing a globally mobile workforce Can electric bikes link multi-modal travel for help drivers perform their best. to deliver innovation. commuters? We’re experimenting to find out. @ Two-Minute Summary We are driving to be both a product company and a mobility company. Our vision is nothing less than to change the way the world moves. At Ford, we view this as the ultimate opportunity. In fact it is as big of an opportunity as when our founder put the world on wheels more than a century ago. Take a quick look at what we’ve achieved this year... Innovating Mobility Solutions In early 2015, we announced Ford Smart Mobility, which is using innovation to take Ford to the next level in connectivity, mobility, autonomous vehicles, big data and the customer experience. We view the disruption that’s taking place in mobility as something to embrace – not fear. -
Auto 04 Temp.Qxd
FORD AUTOTEAM THE MAGAZINE FOR ALL FORD DEALER STAFF ISSUE 3/2016 EDITORIAL Changing Times It’s all change for the management team at the Henry Ford Academy. Stuart Harris has moved on to a new position within Ford of Europe and, as I move into his role, I hope to continue with his goal of driving up training standards. Also joining the team is new Academy Principle, Kevin Perks, who brings with him a lifetime of automotive industry experience. Dan Savoury, the new Vice Principal, joined the Academy earlier this year and also has a wealth of industry and training experience that will help us continue to improve our training which, in turn, benefits your business. I hope to use the experience gained in my previous sales and marketing roles within Ford to help our training continue to grow in scope and quality. It is a really exciting time to be a part of the Ford family; with new vehicles joining the range and new technology transforming the industry more widely. Good training is vital to our success and we continue to strive to achieve the highest standards and keep you up to date with this rapidly changing industry, from the technical training for the All-new Ford Mustang detailed on page 4, to ensuring our Commercial Vehicle Sales staff can give their customers the best advice with courses such as Commercial Vehicle Type Approval and Legislation on page 30. The success of our training programmes is demonstrated in this issue, with Chelsea Riddle from TrustFord in Bradford a great example of what the Ford Masters Apprenticeship scheme offers to young people, or the success that Mike Gates from Dinnages Ford in Burgess Hill has achieved with a university scholarship through the Henry Ford Academy. -
2018 CHEVROLET CAMARO LS & LT FAST FACT Camaro Was
2018 CHEVROLET CAMARO LS & LT FAST FACT Camaro was introduced in 1967 and was selected as the official Indianapolis 500 pace car that year. VEHICLE CLASS Coupe or Convertible VEHICLE HIGHLIGHTS • Offered in LS, LT (1LT and 2LT), SS (1SS and 2SS) and ZL1 models – all available as a coupe or convertible (see separate pages for complete SS and ZL1 details) • Camaro LS and LT offered with a standard 2.0L turbo or an available 3.6L V-6 engine • Standard LED daytime running lamps • Redline Edition offered on LS and LT. Content includes black front and rear bowtie emblems, red-accented grille, hash mark graphic, decklid blackout graphic, dark-finish taillamps, black outside mirrors, 20-inch black aluminum wheels with red accents and more • RS package offered on LS and LT. Content includes 20-inch aluminum wheels, HID headlamps, LED taillamps, RS-specific upper and lower grilles and rear spoiler • 1LE package offered on Camaro LT, featuring track-tested Camaro SS components, specific technologies – including FE3 suspension, Brembo brakes and heavy-duty cooling – and enabling an estimated 0.97 g in cornering grip. Available on 1LT and 2LT with 3.6L V-6 and manual transmission • Driver Mode Selector enables the driver to tailor the look, sound and feel of the vehicles to his or her preferences and driving conditions • Available Brembo front brake package • Chevrolet MyLink with a 7-inch-diagonal color touchscreen is standard on 1LT. • Chevrolet MyLink with an 8-inch-diagonal color touchscreen is standard on 2LT and available on LS and 1LT • All -
AVTOVAZ Call with Financial Analysts
AVTOVAZ Call with Financial Analysts Nicolas MAURE / Dr. Stefan MAUERER CEO / CFO 16.01.2017 Disclaimer Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements are based on reasonable assumptions taken on the date of this report, due to their nature, they can be risky and uncertain and can lead to a difference between the exact figures and those given or deduced from said information and statements. PJSC AVTOVAZ does not undertake to provide updates or revisions, should any new statements and information be available, should any new specific events occur or for any other reason. PJSC AVTOVAZ makes no representation, declaration or warranty as regards the accuracy, sufficiency, adequacy, effectiveness and genuineness of any statements and information contained in this report. Further information on PJSC AVTOVAZ can be found on AVTOVAZ’s web sites (www.lada.ru/en and http://info.avtovaz.ru). AVTOVAZ Call with Financial Analysts 16.01.2017 2 AVTOVAZ Overview Moscow International Automobile Salon 2016 AVTOVAZ 50-years History 1966/1970 VAZ 2101 2016 LADA XRAY AVTOVAZ Call with Financial Analysts 16.01.2017 4 AVTOVAZ Group: Key information 408 467 Cars & KDs produced 20.1% MOSCOW AVTOVAZ 331 Representative office sales points 30 IZHEVSK LADA-Izhevsk countries TOGLIATTI plant AVTOVAZ Head-office & 2015: 176.5 B-Rub (2.6 B-Euro) Togliatti plants 2016: estimated T/O > 2015 51 527 p. AVTOVAZ Call with Financial Analysts 16.01.2017 5 LADA product portfolio -
Schweben Im Luxus
BENTLEY FLYING SPUR Schweben im Luxus Der wuchtig gestylte Bentley Flying Spur ist das neue Topmodell der Briten Motor Navigation und Infotainment Karosserie Standard-Metallwerke (Kühlwasserrohre), Nexans Auto- Nippon Seiki (Head-up-Display), Bosch Salzgitter Automotive Engineering (Querträger Ferse), Freu- electric (Motorleitungssatz), Dana (Nebendichtungen), Car Multimedia (Kombiinstrument), denberg (Stoßdämpferdichtung hinten), Benteler (Crash- Freudenberg (Flachdichtung Kühlungssystem, O-Ring, TE Connectivity Hirschmann Mobility managementsystem, Pressteilpaket), Linde + Wiemann (Quer- Ventilschaftabdichtungen), Rheinmetall Automotive (LTE-Antenne, Sperrkreis, Antennenver- träger Stirnwand), Gestamp (Längsträger, Bodenteil, Quer- (Zylinderkurbelgehäuse, Anlaufscheiben, elektrische stärker für FM/DAB/TV/SHS/AM/JP/Rest träger Sitzmulde, Bodenteil Seite, Querträger Isofix, Adapter Kühlmittelpumpe), Mahle (Luftfilter, Luftführungen, of the World, TV-Tuner MIB2+ EU + CI+) Querträger links, Adapter Reserverad, Verstärkungsplatte) Kühlmodul Motorkühlung), Schaeffler (Pumpenstößel, Schlepphebel), Boge (Motorlager) Innenraum Oshino Lamps (Ambientebeleuchtung), Kayser Automotive Elektrik/Elektronik (Innenraumluftführungen), Lübke & Vogt (Puffer Armlehne, Nexans Autoelectric (Hochvolt-Bordnetz), Puffer Interieur), Grammer (Einzelteile) Gebauer & Griller (Starter, Generatorleitungen), Valeo (Regensensor, Einparkhilfe), Lumberg (Steckverbinder) Kraftstoffanlage Standard-Metallwerke (Kraftstoffleitungen), Veri- Getriebe und Antrieb Filtran (Ölwannenmodul),