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Competing in the Global Truck Industry Emerging Markets Spotlight
KPMG INTERNATIONAL Competing in the Global Truck Industry Emerging Markets Spotlight Challenges and future winning strategies September 2011 kpmg.com ii | Competing in the Global Truck Industry – Emerging Markets Spotlight Acknowledgements We would like to express our special thanks to the Institut für Automobilwirtschaft (Institute for Automotive Research) under the lead of Prof. Dr. Willi Diez for its longstanding cooperation and valuable contribution to this study. Prof. Dr. Willi Diez Director Institut für Automobilwirtschaft (IfA) [Institute for Automotive Research] [email protected] www.ifa-info.de We would also like to thank deeply the following senior executives who participated in in-depth interviews to provide further insight: (Listed alphabetically by organization name) Shen Yang Senior Director of Strategy and Development Beiqi Foton Motor Co., Ltd. (China) Andreas Renschler Member of the Board and Head of Daimler Trucks Division Daimler AG (Germany) Ashot Aroutunyan Director of Marketing and Advertising KAMAZ OAO (Russia) Prof. Dr.-Ing. Heinz Junker Chairman of the Management Board MAHLE Group (Germany) Dee Kapur President of the Truck Group Navistar International Corporation (USA) Jack Allen President of the North American Truck Group Navistar International Corporation (USA) George Kapitelli Vice President SAIC GM Wuling Automobile Co., Ltd. (SGMW) (China) Ravi Pisharody President (Commercial Vehicle Business Unit) Tata Motors Ltd. (India) © 2011 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Competing in the Global Truck Industry – Emerging Markets Spotlight | iii Editorial Commercial vehicle sales are spurred by far exceeded the most optimistic on by economic growth going in hand expectations – how can we foresee the with the rising demand for the transport potentials and importance of issues of goods. -
Daimler Annual Report 2014
Annual Report 2014. Key Figures. Daimler Group 2014 2013 2012 14/13 Amounts in millions of euros % change Revenue 129,872 117,982 114,297 +10 1 Western Europe 43,722 41,123 39,377 +6 thereof Germany 20,449 20,227 19,722 +1 NAFTA 38,025 32,925 31,914 +15 thereof United States 33,310 28,597 27,233 +16 Asia 29,446 24,481 25,126 +20 thereof China 13,294 10,705 10,782 +24 Other markets 18,679 19,453 17,880 -4 Investment in property, plant and equipment 4,844 4,975 4,827 -3 Research and development expenditure 2 5,680 5,489 5,644 +3 thereof capitalized 1,148 1,284 1,465 -11 Free cash flow of the industrial business 5,479 4,842 1,452 +13 EBIT 3 10,752 10,815 8,820 -1 Value added 3 4,416 5,921 4,300 -25 Net profit 3 7,290 8,720 6,830 -16 Earnings per share (in €) 3 6.51 6.40 6.02 +2 Total dividend 2,621 2,407 2,349 +9 Dividend per share (in €) 2.45 2.25 2.20 +9 Employees (December 31) 279,972 274,616 275,087 +2 1 Adjusted for the effects of currency translation, revenue increased by 12%. 2 For the year 2013, the figures have been adjusted due to reclassifications within functional costs. 3 For the year 2012, the figures have been adjusted, primarily for effects arising from application of the amended version of IAS 19. Cover photo: Mercedes-Benz Future Truck 2025. -
HC 0410 4-84 Hotovo.Indd
Hviezdy ciest 4/2010/X Magazín vašej triedy 4,95 EUR PODNIKOVÉ MÉDIUM ROKA 2007 ZLATÁ PEČAŤ V KATEGÓRII PODNIKOVÝ MAGAZÍN V KATEGÓRII ČASOPIS INTERNÁ KOMUNIKÁCIA ZA ROK 2003 Mercedes-Benz 20 rokov na Slovensku NEMILOSRDNÝ SLS SPLNIL SA MI SEN KREMEĽ MERCEDES-BENZ SLS AMG GT3 ING. PETER ONDRIÁŠ SYMBOL SILY A NEDOBYTNOSTI RUSKA Značka Daimler AG Značka Dôvod na oslavu! Mercedes-Benz CLS získal ocenenie Zlatý volant 2010. Ďakujeme všetkým priaznivcom a členom jury. www.mercedes-benz.sk/cls Zdroj: Auto Bild, Vydanie 44/2010, Kategória strednej a vyššej triedy. Kombinovaná spotreba (l/100km): 6,1 - 14,5 Emisie CO2 (kombinované, g/km): 160 - 345 PRÍHOVOR 2 3 Foto: Marián Garaj, Kancelária prezidenta SR M ilí čitatelia! čase vydania týchto novučkých roku darí. Minimálne tak, ako to hodnotí pôsobenia. Pre ešte lepšie naplňovanie Hviezd ciest speje rok 2010 i v tomto čísle Hviezd Dr. Dieter Zetsche, ich poslania a vašu väčšiu spokojnosť V k záveru svojím najpohodovejším predseda predstavenstva spoločnosti pristupujeme k ich ďalšiemu vylepšeniu. obdobím – vianočnými a novoročnými Daimler a šéf automobilky Mercedes- Už v tomto čísle Hviezd ciest nájdete gra- sviatkami. Medzi významné udalosti kon- Benz, ktorá už vďaka niekoľkomesač- fické kódy (tagy) a návod na ich použitie čiaceho sa roka patrí i historicky prvá nému nárastu odbytu začala zvyšovať v spojení s mobilmi vybavenými fotoapa- návšteva, pri ktorej na Slovensko zavítal počty zamestnancov. Či ako sa to darí rátmi. Časopis Hviezdy sa touto techno- nórsky panovnícky pár – kráľ Harald V. jednému z našich najväčších klientov lógiou mení medzi prvými na Slovensku a kráľovná Sonja, pričom sa s nimi na Slovensku s flotilou nad sto kamiónov: z bežného printového na multimediálny. -
Spring 2012 1 >> Spring 2012 Vol
Efficiency:Efficiency: Distracted TrucksTrucks ThatThat SaveSave DollarsDollars andand DRIVING MakeMake SenseSense [ PAGE 28 ] [ PAGE 20 ] How to Buy a 12 DAYS OF Pre-Owned Truck CHRISTMAS THE RIGHT WAY [ PAGE 12 ] [ PAGE 33 ] And Justin Hopkins serves as General Manager of Morton, Springfield and Decatur and is personally engaged with several of our new and key customers in our northern territory. He was not immune to those same fun lessons at a young age. His toughest customer is the newest addition to our family, my grandson, who is a real blessing. Now both Katie and Justin are beginning to teach ol’ Pops a few lessons every now and then WE HAVE YOU about the business. OUR #1 O I know that Mike is equally proud of his two HELL sons, Trevor and Tyler, and the jobs they are doing within TCI and their continued growth. PRIORITY He is also learning from them the whole NextGen approach to life and business IS YOU including being grandpa. It is really exciting to now see so many COVERED 2nd/Next Generations of TCI Employees making a BIG and POSITIVE difference for our company and soon more will be 3rd St. Louis, MO Generations. It is a huge honor when team 747 E. Taylor Ave. members recommend our company to their St. Louis, MO 63147 children. It is especially gratifying to watch (314) 381-3800 the current employees of TCI who are so (800) 325-8809 proud of what we have become together. This illustrates that Truck Centers is like a St. Peters, MO family and a few team members are already 8050 Veterans Parkway encouraging their grandchildren apply here! St. -
Daimler Annual Report 2009
Pioneers of Sustainable Mobility. Annual Report 2009. Key Figures Daimler Group 2009 20082007 09/08 Amounts in millions of € % change Revenue 78,924 98,469 101,569 -20 1 Western Europe 36,458 46,276 49,753 -21 thereof Germany 18,788 21,832 22,582 -14 NAFTA 19,380 23,243 25,136 -17 thereof United States 16,569 19,956 21,846 -17 Asia 12,435 13,840 11,918 -10 thereof China 4,349 3,226 1,951 +35 Other markets 10,651 15,110 14,762 -30 Employees (December 31) 256,407 273,216 272,382 -6 Investment in property, plant and equipment 2,423 3,559 2,927 -32 Research and development expenditure 4,181 4,442 4,148 -6 thereof capitalized 1,285 1,387 990 -7 Cash provided by (used for) operating activities (including discontinued operations) 10,961 (786) 7,146 . EBIT (1,513) 2,730 8,710 . Value added (including discontinued operations) (4,644) (1,147) 1,380 . Net profit (loss) (2,644) 1,414 3,985 . Net profit (loss) from continuing operations (2,644) 1,704 4,855 . Earnings (loss) per share (in €) (2.63) 1.41 3.83 . Earnings (loss) per share, continuing operations (in €) (2.63) 1.71 4.67 . Total dividend 0 556 1,928 . Dividend per share (in €) 0.00 0.60 2.00 . 1 Adjusted for the effects of currency translation and changes in the consolidated group, decrease in revenue of 21%. With the B-Class F-CELL, Mercedes-Benz is the world’s first manufacturer to put a fuel-cell car on the road that was produced under series conditions. -
Daimler Annual Report 2013
Annual Report 2013. Key Figures. Daimler Group 2013 2012 2011 13/12 Amounts in millions of euros % change Revenue 117,982 114,297 106,540 +3 1 Western Europe 41,123 39,377 39,387 +4 thereof Germany 20,227 19,722 19,753 +3 NAFTA 32,925 31,914 26,026 +3 thereof United States 28,597 27,233 22,222 +5 Asia 24,481 25,126 22,643 -3 thereof China 10,705 10,782 11,093 -1 Other markets 19,453 17,880 18,484 +9 Employees (December 31) 274,616 275,087 271,370 -0 Investment in property, plant and equipment 4,975 4,827 4,158 +3 Research and development expenditure 5,385 5,644 5,634 -5 thereof capitalized 1,284 1,465 1,460 -12 Free cash flow of the industrial business 4,842 1,452 989 +233 EBIT 2 10,815 8,820 8,755 +23 Value added 2 5,921 4,300 3,726 +38 Net profit 2 8,720 6,830 6,029 +28 Earnings per share (in €) 2 6.40 6.02 5.32 +6 Total dividend 2,407 2,349 2,346 +2 Dividend per share (in €) 2.25 2.20 2.20 +2 1 Adjusted for the effects of currency translation, increase in revenue of 7%. 2 For the year 2012, the figures have been adjusted, primarily for effects arising from application of the amended version of IAS 19. Cover photo: The new Mercedes-Benz S-Class. The S-Class is not only the technological spearhead of Mercedes-Benz, but also the pacemaker for automotive development in general. -
Daimler Annual Report 2012
Financial Calendar 2013 Key Figures Annual Press Conference Daimler Group February 7, 2013 2012 2011 2010 12/11 Analysts’ and Investors’ Conference Call Amounts in millions of euros % change February 7, 2013 Revenue 114,297 106,540 97,761 +71 Western Europe 39,377 39,387 38,478 -0 Presentation of the Annual Report 2012 thereof Germany 19,722 19,753 19,281 -0 February 25, 2013 NAFTA 31,914 26,026 23,582 +23 thereof United States 27,233 22,222 20,216 +23 Annual Meeting Asia 25,126 22,643 19,659 +11 April 10, 2013 thereof China 10,782 11,093 9,094 -3 10:00 a.m. CEST | 4:00 a.m. EST Other markets 17,880 18,484 16,042 -3 Messe Berlin Employees (December 31) 275,087 271,370 260,100 +1 Investment in property, plant and equipment 4,827 4,158 3,653 +16 Interim Report Q1 2013 Research and development expenditure 5,644 5,634 4,849 +0 April 24, 2013 thereof capitalized 1,465 1,460 1,373 +0 Free cash flow of the industrial business 1,452 989 5,432 +47 Interim Report Q2 2013 EBIT 8,615 8,755 7,274 -2 July 24, 2013 Value added 4,185 3,726 2,773 +12 Net profit 6,495 6,029 4,674 +8 Earnings per share (in €) 5.71 5.32 4.28 +7 Interim Report Q3 2013 Total dividend 2,349 2,346 1,971 +0 October 24, 2013 Dividend per share (in €) 2.20 2.20 1.85 0 1 Adjusted for the effects of currency translation, increase in revenue of 4%. -
Zulässige Rad-/Reifenkombinationen Für Die C-Klasse (Limousine) (Baureihe 205)
GSP/TPR After-Sales Technik PKW Zulässige Rad-/Reifenkombinationen für die C-Klasse (Limousine) (Baureihe 205) Rad-/Reifenkombinationen 16" / 1 Verkaufsbez., VA + HA VA + HA VA + HA VA + HA VA + HA VA + HA Baumuster 195/65 R16 92V 195/65 R16 92V 205/60 R16 92V 205/60 R16 92V 205/60 R16 92V 205/60 R16 92W (erste 6 Ziffern der FIN) 6Jx16H2 ET: 36 6Jx16H2 ET: 36,5 6.5Jx16H2 ET: 38 6Jx16H2 ET: 36 6Jx16H2 ET: 36,5 6.5Jx16H2 ET: 38 C 160 X 5) X 5) X 5) X 5) X 5) - 205044 C 180 X 5) X 5) X 5) X 5) X 5) - 205040 C 180 d X 5) X 5) X 5) X 5) X 5) - 205036 C 200 - - X 5) - - - 205042 C 200 d - - X 5) - - - 205007 C 200 d X 5) X 5) X 5) X 5) X 5) - 205037 C 220 d X 5) 7) - X 5) 7) - - - 205003 Daimler AG, Stuttgart, Germany Daimler AG Sitz und Registriergericht/Domicile and Court of Registry: Stuttgart, HRB-Nr./Commercial Register No.: 19 360 71059 Sindelfingen Vorsitzender des Aufsichtsrats/Chairman of the Supervisory Board: Manfred Bishoff Telefon/Phone +49 70 31 90-0 Vorstand/Board of Management: Dieter Zetsche, Vorsitzender/Chairman; Telefax/Fax +49 711 17 2 22 44 Wolfgang Bernhard, Renata Jungo Brüngger, Ola Källenius, Wilfried Porth, www.daimler.com Hubertus Troska, Bodo Uebber, Thomas Weber www.daimler.mobi Mercedes-Benz – sind eingetragene Marken der Daimler AG, Stuttgart, Deutschland/ are registered 2/14 trademarks of Daimler AG, Stuttgart, Germany GSP/TPR After-Sales Technik PKW Zulässige Rad-/Reifenkombinationen für die C-Klasse (Limousine) (Baureihe 205) Verkaufsbez., VA + HA VA + HA VA + HA VA + HA VA + HA VA + HA Baumuster 195/65 R16 -
Innovation for Sustainable Mobility Annual Report 2008 Key Figures
Innovation for Sustainable Mobility Annual Report 2008 Key Figures Daimler Group 2008 20072006 08/07 Amounts in millions of € Change in % Revenue 95,873 99,399 99,222 -41 Western Europe 45,916 49,289 46,999 -7 thereof Germany 21,817 22,582 21,652 -3 NAFTA 21,139 23,499 27,857 -10 thereof United States 17,922 20,270 24,943 -12 Other markets 28,818 26,611 24,366 +8 Employees (Dec. 31) 273,216 272,382 274,024 +0 Investment in property, plant and equipment 3,559 2,927 3,005 +22 Research and development expenditure 4,442 4,148 3,733 +7 thereof capitalized 1,387 990 715 +40 Cash provided by operating activities (including discontinued operations) 3,205 13,088 14,337 -76 EBIT 2,730 8,710 4,992 -69 Value added (including discontinued operations) (1,147) 1,380 631 . Net profit 1,414 3,985 3,783 -65 Net profit from continuing operations 1,704 4,855 3,166 -65 Earnings per share (in €) 1.41 3.83 3.66 -63 Earnings per share, continuing operations (in €) 1.71 4.67 3.06 -63 Total dividend 556 1,928 1,542 -71 Dividend per share (in €) 0.60 2.00 1.50 -70 1 Adjusted for the effects of currency translation and changes in the consolidated group, decrease in revenue of 1%. Cover: Mercedes-Benz showed the way ahead in environmentally responsible electro-mobility in January 2009 by presenting its near-series Concept BlueZERO at the North American International Auto Show in Detroit. -
EN 19 Weitere Information EN.Indd
www.traton.com TRATON Annual Report 2019 2019 ANNUAL REPORT COVER Examining things from a number of angles and bring- ing them together to create something new — this TRATON GROUP approach is symbolized by the cover image. It shows a mountain road in Brazil linking the east of São Paulo to the coast, fl ipped on itself to create a mirror image. The kaleidoscopic effect opens up a new way of looking at the big picture. To Our Shareholders Combined Management Report Operating Units Consolidated Financial Statements Further Information “In just a few years, we have shaped the TRATON GROUP into a viable young entity that rests on both strong traditions and huge technological competency and puts its customers at the center of everything it does. It is our strategic objective to become a Global Champion in the changing transportation industry.” ANDREAS RENSCHLER, CEO TRATON GROUP To Our Shareholders Combined Management Report Operating Units Consolidated Financial Statements Further Information With its brands MAN, Fiscal year Scania, Volkswagen 2019: Caminhões e Ônibus, and RIO, the TRATON GROUP 7.0%Operating return is one of the world’s on sales leading providers of transportation solutions. The Group aims to reinvent transportation — 227,240 Order intake (units) with its products, its services, and as a partner to its customers. 83,000 Employees (As of December 31, 2019) 29 TRATON PRODUCTION AND ASSEMBLY SITES 26,901 Sales revenue (€ million) 242,219 Sales (units) IN 17 ON 1,884 COUNTRIES Operating profit 4 (€ million) CONTINENTS To Our Shareholders Combined Management Report Operating Units Consolidated Financial Statements Further Information TRATON SPIRIT Lasting success is only possible when people work toward achieving a common goal. -
Navistar and Volkswagen Truck & Bus Close Strategic Alliance
March 1, 2017 Navistar And Volkswagen Truck & Bus Close Strategic Alliance - Terms finalized for procurement joint venture and strategic technology and supply collaboration - Volkswagen Truck & Bus takes 16.6% stake in Navistar; $256 million equity investment in Navistar effective as of February 28, 2017 - Volkswagen Truck & Bus executives Renschler and Gründler join Navistar Board of Directors - Navistar continues to expect cumulative synergies of $500 million over first five years LISLE, Ill., March 1, 2017 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced the closing of its wide-ranging strategic alliance with Volkswagen Truck & Bus, which includes an equity investment in Navistar by Volkswagen Truck & Bus and framework agreements for a procurement joint venture and strategic technology and supply collaboration. The closing of the alliance follows receipt of all necessary regulatory approvals, finalization of agreements relating to the procurement joint venture and the technology and supply collaboration, and satisfaction of other customary closing conditions. "This alliance with Volkswagen Truck & Bus marks a significant milestone in our company's history, and we expect it will create multiple benefits for both companies in both the near and long term," said Troy Clarke, Chairman, President and CEO, Navistar. "Now that the transaction has closed, we will move quickly to collaborate with an industry-leading, strategic partner to increase our global scale, strengthen our competitiveness, and provide our customers with expanded access to cutting-edge products, technology and services." "The authorities have given our strategic alliance with Navistar the green light. Our newly-founded purchasing cooperation will begin work immediately. This puts both partners in a stronger position for the future. -
Daimler Annual Report 2010 Innovation from Tradition
Financial Calendar 2011 Key Figures Annual Press Conference Daimler Group February 16, 2011 2010 2009 2008 10/09 Analysts’ and Investors’ Conference Call Amounts in millions of euros % change February 16, 2011 Revenue 97,761 78,924 98,469 +241 Presentation of the Annual Report 2010 Western Europe 38,478 36,458 46,276 +6 March 2, 2011 thereof Germany 19,281 18,788 21,832 +3 NAFTA 23,582 19,380 23,243 +22 Annual Meeting thereof United States 20,216 16,569 19,956 +22 April 13, 2011 Asia 19,659 12,435 13,840 +58 10:00 a.m. CEST | 4:00 a.m. EST thereof China 9,094 4,349 3,226 +109 Messe Berlin Other markets 16,042 10,651 15,110 +51 Employees (December 31) 260,100 256,407 273,216 +1 Interim Report Q1 2011 Investment in property, plant and equipment 3,653 2,423 3,559 +51 April 28, 2011 Research and development expenditure 4,849 4,181 4,442 +16 thereof capitalized 1,373 1,285 1,387 +7 Interim Report Q2 2011 Cash provided by / used for operating activities 8,544 10,961 -786 -22 July 26, 2011 EBIT 7,274 -1,513 2,730 . Value added Interim Report Q3 2011 (including discontinued operations) 2,773 -4,644 -1,147 . October 26, 2011 Net profit/loss 4,674 -2,644 1,414 . Net profit/loss from continuing operations 4,674 -2,644 1,704 . Earnings/loss per share (in €) 4.28 -2.63 1.41 . Earnings/loss per share, continuing operations (in €) 4.28 -2.63 1.71 .