DOCSLIB.ORG

GA Annual Report 2014 EN.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GA Annual Report 2014 EN.Pdf www.grupoantolin.com ANNUAL REPORT 2014 GRUPO ANTOLIN PAG. 4 THE COMPANY ANNUAL PAG. 6 I VISION, MISSION, VALUES AND STRATEGY PAG. 8 I RELEVANT FACTS 2014 REPORT PAG. 22 I KEY FIGURES PAG. 24 I AUTOMOTIVE MARKET PAG. 28 I CORPORATE GOVERNANCE BOARD OF DIRECTORS 2014 MANAGEMENT TEAM GRUPO ANTOLIN PAG. 30 I GLOBAL PRESENCE PAG. 32 I TERRITORIES PAG. 40 I BUSINESS UNITS PAG. 48 FINANCIAL STRENGTH PAG. 50 I INTRODUCTION PAG. 52 I FIGURES PAG. 64 INNOVATION & EXPERTISE PAG. 66 I INNOVATIVE ABILITY STRATEGIC LINES INNOVATIVE SOLUTIONS PAG. 70 I EXPERTISE FULL SERVICE SUPPLIER PAG. 72 SHARED RESPONSIBLE COMMITMENT PAG. 74 I WE CREATE CARS TOGETHER PAG. 82 I CSR MODEL SUSTANAIBLE BUSINESS MODEL PAG. 86 I HUMAN RIGHTS PAG. 90 I MOBILITY, HEALTH ANS SAFETY PAG. 93 I ENVIRONMENT PAG. 96 I SUSTANAIBLE CONTRIBUTION PAG. 102 SUSTAINABILITY BALANCE PAG. 108 REPORT PROFILE GRUPO ANTOLIN 2 ANNUAL REPORT 2014 CHAIRMAN’S LETTER I am very pleased to present GRUPO ANTOLIN Finally, also significant in 2014 was the diversification annual report for 2014, which contains figures that of our financing sources which we achieved with a are even better than in previous years and also sets €400 million bond issue in March. This was warmly out the most important achievements accomplished welcomed by investors who highly appreciated as a result of the professionalism and efforts of all our company’s historical strength, the strategic our employees. approach of our future business, and the ability of our management team. In 2014 the automotive industry was one of the best performing economic sectors. Markets such as I would also note that as part of this strategic Europe, and specifically Spain, had a very positive approach, another of our hallmarks is accompanying impact on our results. The significant pickup in the our customers wherever they are located. In 2014, market in our country is a good indicator of the we continued to increase our international presence overall improvement of our economy. with the opening of new plants in Tangier (Morocco), Wuhan (China), Missouri (the United States), and Even so, we still need to be aware that we have to Valencia (Spain). I am especially happy about the continue improving our competitiveness. This is opening of our tenth factory in the United States especially true in countries like Spain, where our that has coincided with the 20th anniversary of our oldest production units are located and which must arrival there. In all this time, it has become one of continually offset the lower costs in other relatively the main markets for GRUPO ANTOLÍN, which is nearby countries, such as ones in Eastern Europe already present in one of every three automobiles. and North Africa, with higher productivity. Finally, I would like to share something which we should GRUPO ANTOLIN continues to demonstrate its be most proud about; our ability to keep on creating strength and sustainability in the medium and long jobs. This year, our workforce grew by 4.3% and we term thanks to its ongoing commitment to creating now have 15,469 employees. I trust that we will be technology, and in 2014 R&D investment rose to able to continue along this path over the coming years. 3.1% of our sales. This will mean that we remain a profitable, competitive and efficient company, which generates confidence in A second cornerstone of our sustainability is our the markets and contributes to social welfare in the enormous commercial and territorial diversification. numerous countries where it has a presence. We are already present in 25 countries with 125 production units and technical and sales offices José Antolín supplying our products to almost all assemblers. Chairman of Grupo Antolin GRUPO ANTOLIN ANNUAL REPORT 2014 3 THE COMPANY I STRATEGY, VISION AND VALUES GRUPO ANTOLIN HISTORY I RELEVANT FACTS 2014 I KEY FIGURES I CORPORATE GOVERNANCE BOARD OF DIRECTORS MANAGEMENT TEAM I AUTOMOTIVE MARKET I GLOBAL PRESENCE I TERRITORIES I BUSINESS UNITS GRUPO ANTOLIN 4 ANNUAL REPORT 2014 GRUPO ANTOLIN ANNUAL REPORT 2014 5 THE COMPANY STRATEGY THE COMPANY Our strategy is to hold a position of lead- ership as a global supplier of vehicle inte- WE CREATE THE INTERIOR riors based on: OF THE CAR I Technological and innovative capability I Worldwide presence I Development of sustainable business I Increased product value I Perceived quality I Competitiveness I Versatility to adapt to markets and clients I Motivated and qualified employees VISION To be a global leader because of our tech- nological and human capacities, bringing competitive interior trim solutions to the We are the largest Spanish manufacturer of vehicle automotive sector. interior components and number 1 worldwide supplier of headliners. MISSION To be the best market option because of We offer products with high added value to our capability for innovation and compet- itiveness, offering attractive profitabil- outfit automobile interiors: overhead, doors, ity to our shareholders besides being a sustainable company of reference to our seats and lighting. employees and to society. We dominate the complete component cycle from component conception and design, VALUES I Creativity through development and validation to parts industrialization and sequenced delivery. I Leadership I Customer focused GRUPO ANTOLIN 6 ANNUAL REPORT 2014 THE COMPANY I STRATEGY, VISION AND VALUES - GRUPO ANTOLIN HISTORY GRUPO ANTOLIN HISTORY MORE THAN 50 YEARS OF INDUSTRIAL TRADITION 1950s Grupo Antolin started operating in a mechanical workshop in Burgos called ANSA, specializing in brakes and steering systems. 1960s The Antolín brothers patented a rubber-metal steering joint. Orders started coming in from the leading Spanish and for- eign truck manufacturers. 1968 ANSA reached an agreement with the leading German joint manufacturer, Lemförder, to set up a plant in Burgos called Ansa-Lemförder. 1970s In collaboration with the Italian company Pianfei, a new technology was in- troduced to headliners, known as Glasutec, which represented a huge technological ad- 2001 Change of a functional organization to 2013 Grupo Antolin once again has a vance compared to anything else available an orientation of business and territorial units. sole shareholder: the Antolin family, at that time. which guarantees sustainable and In 2004 the company’s capital was ex- profitable future growth. This situation In 1985 the Grupo Antolin holding company tended with investments from five savings occurred following the acquisition was established in order to manage, banks: Caja de Burgos, Caixanova, Caja de of the 22.8% that had been held by a coordinate and consolidate all the activities Ávila, Caja Navarra Corporación and Corpo- group of Spanish financial institutions of the different companies in the corporation. ración de Castilla la Mancha. since 2004. In 1989 the company decided on a strate- 2009 Start up of a new organizational 2014 Grupo Antolin launches onto the gy that would focus exclusively on vehicle model with the creation of three Strategic markets and successfully completes the interiors, embarking a phase of internation- Business Units (Overhead Unit, Doors Unit issue of €400 million in bonds. With this alization and setting up the company in the and Seats Unit). transaction, it has diversified its funding biggest markets in the world. sources and reorganized its liabilities for 2011 Signing of an agreement for the the coming years. 1990s The company continued its rapid acquisition of the European supplier CML industrial deployment based on a strategy Innovative Technologies, specializing in Today Grupo Antolin is a leading of constantly reinvesting profits and a policy automotive lighting systems. With this multinational corporation specializing in of continual innovation, materializing this purchase, it has become one of the European the design, development and manufacture approach in 1993 with the establishment leaders for interior lighting in vehicles. of interior components for the automotive of Grupo Antolin-Ingenieria as the R&D&i industry (Overhead Systems, Doors, division. 2012 Start of the expansion process in the Seats and Lighting). The turnover figure Italian territory forming a new company, in 2014 reached €2,225 million, 6.8% In 2000, a new road to growth was created Grupo Antolin-Italia, which will centralize the higher than 2013, thanks to a high degree by moving from single to modular products production activity as well as the technical of geographical, client and product encompassing the total function. and sales operations in this country. diversification. GRUPO ANTOLIN ANNUAL REPORT 2014 7 THE COMPANY RELEVANT FACTS 2014 JANUARY I Visit by the and the Inno- I Ford honors Gru- Environmental Certification for I Final review Ambassador of vation of Grupo po Antolin in its Certification its Occupational of the Place-it Kazakhstan to Antolin World Excellence Health and project in our headquarters Awards 4 I Convention of Safety System Brussels I Technological Nissan Europe’s MARCH Exhibition for I Ernesto suppliers at I PSA Peugeot FEBRUARY Volkswagen in our Antolin, the the World Citroën’s I Grupo Antolin technical center vice chairman, Trade Center in Quality Award I Innovation made its debut in Weyhausen, takes part in the Barcelona for GA-Dapsa, Meeting with in the markets Germany 2 seventh series of GA-Eurotrim and our customer and successfully conferences of JUNE GA-Turnov Renault completed the I Innovative Day ESADE-Deloitte issuance of Meeting with the I Luis Vega is I GA-Silao (Mexico) I Opel-General €400
Load more

Recommended publications
  • Development of Pedestrian Protection for the Qoros 3 Sedan
    13th International LS-DYNA Users Conference Session: Occupant Safety Development of Pedestrian Protection for the Qoros 3 Sedan Niclas Brannberg, Pere Fonts, Chenhui Huang, Andy Piper, Roger Malkusson Qoros Automotive Co., Ltd. 15/F HSBC Building IFC, No 8. Century Avenue Shanghai 200120, P.R. China Abstract Pedestrian protection has become an important part of the Euro NCAP consumer test and to achieve a 5-star rating for crash safety, a good rating for the different pedestrian load cases is imperative. It was decided at the very start of the Qoros 3 Sedan’s development program that this should be made a priority. A skilled team of safety engineers defined the layout of the vehicle to support this target, and an extensive simulation program using LS-DYNA® was planned to define and validate the design intent without compromising the design of the vehicle as well as maintaining all other important vehicle functions. This paper will provide an insight into part of the journey taken to establish a new vehicle brand in China, fulfilling high European safety standards at an affordable cost, and how Qoros succeeded in this mission with a combination of skills, extensive CAE analysis and finally the validation of the recipe during physical testing. The paper will highlight how the high rating for pedestrian protection was obtained and give a short overview of the complete safety development of the Qoros 3 Sedan. Introduction This paper introduces Qoros and the development of the first vehicle on Qoros’ new compact-segment platform, the Qoros 3 Sedan. It is difficult to present a whole vehicle development in one paper so this text focuses on pedestrian protection as the main topic and will discuss how the rating for pedestrian protection was obtained in the Euro NCAP test as well as discussing some areas where difficulties were encountered with the initial assessment using CAE.
    [Show full text]
  • 2017 Passenger Vehicles Actual and Reported Fuel Consumption: a Gap Analysis
    2017 Passenger Vehicles Actual and Reported Fuel Consumption: A Gap Analysis Innovation Center for Energy and Transportation December 2017 1 Acknowledgements We wish to thank the Energy Foundation for providing us with the financial support required for the execution of this report and subsequent research work. We would also like to express our sincere thanks for the valuable advice and recommendations provided by distinguished industry experts and colleagues—Jin Yuefu, Li Mengliang, Guo Qianli,. Meng Qingkuo, Ma Dong, Yang Zifei, Xin Yan and Gong Huiming. Authors Lanzhi Qin, Maya Ben Dror, Hongbo Sun, Liping Kang, Feng An Disclosure The report does not represent the views of its funders nor supporters. The Innovation Center for Energy and Transportation (iCET) Beijing Fortune Plaza Tower A Suite 27H No.7 DongSanHuan Middle Rd., Chaoyang District, Beijing 10020 Phone: 0086.10.6585.7324 Email: [email protected] Website: www.icet.org.cn 2 Glossary of Terms LDV Light Duty Vehicles; Vehicles of M1, M2 and N1 category not exceeding 3,500kg curb-weight. Category M1 Vehicles designed and constructed for the carriage of passengers comprising no more than eight seats in addition to the driver's seat. Category M2 Vehicles designed and constructed for the carriage of passengers, comprising more than eight seats in addition to the driver's seat, and having a maximum mass not exceeding 5 tons. Category N1 Vehicles designed and constructed for the carriage of goods and having a maximum mass not exceeding 3.5 tons. Real-world FC FC values calculated based on BearOil app user data input.
    [Show full text]
  • CHINA FIELD TRIP May 10Th –12Th, 2011
    CHINA FIELD TRIP May 10th –12th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its Internet website (www.psa-peugeot-citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements. More comprehensive information about PSA PEUGEOT CITROËN may be obtained on its Internet website (www.psa-peugeot-citroen.com), under Regulated Information. th th China Field Trip - May 10 –12 , 2011 2 PSA in Asia – Market Forecast, PSA in China: ongoing successes and upsides Frédéric Saint-Geours Executive VP, Finance and Strategic Development Grégoire Olivier, Executive VP, Asia Table of contents Introduction China: the new auto superpower China: a global economic power The world’s largest automotive market The growth story is set to continue PSA in China China: a second home market for PSA 2 complementary JVs Key challenges in China and PSA differentiation factors A sustainable profitable growth Extending the Chinese Success ASEAN strategy Capturing the Indian opportunity th th China Field Trip - May 10 –12 , 2011 4 PSA – a global automotive player (1/2) > 39% of PSA’s 2010 sales are realized outside of Europe, of
    [Show full text]
  • FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market
    FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market ■Format: Excel ■Release Date: September 30, 2011 ■Price: 90,000JPY (excl. VAT for Japan orders) Invaluable Intelligence and Data to Support Any Automotive Business in China The only way you can stay ahead of the crowd and be the person of the moment is to have the best information available when you need it the most. FOURIN is beginning a new service offering a detailed and user-friendly database on major automakers and parts manufacturers in China. Data are provided to you in Excel format, allowing rapid searching, sorting and transfer. Based on years of close cooperation with trusted customers, the database is tailored to the needs of automotive industry professionals who are in need of detailed facts on major players in the Chinese automotive industry. Rather than wading through endless number of press releases and media reports, you choose the data that is important to you and see it in a well-organized table immediately. The database currently includes approximately 1,500 production bases and other facilities of around 200 Chinese and foreign automakers andparts suppliers. FOURIN's China Auto Data Directory (Sample) Data Source Location Location Establishment Operation Base Name Main Products (APC)/ Activities APC (units) Company (City) (Admin. Unit) Date Start CBU (4 platforms: Chery, Riich, Rely, Chery Automobile Co., Ltd. Wuhu Anhui Jan. 1997 Dec. 1999 CBU 900,000 units (2010) Karry), engines, transmissions 150,000 units (2010)→ Chery Automobile - No.1 Plant Wuhu Anhui Mar. 1997 Dec.
    [Show full text]
  • Analysis of the Dynamic Relationship Between the Emergence Of
    Annals of Business Administrative Science 8 (2009) 21–42 Online ISSN 1347-4456 Print ISSN 1347-4464 Available at www.gbrc.jp ©2009 Global Business Research Center Analysis of the Dynamic Relationship between the Emergence of Independent Chinese Automobile Manufacturers and International Technology Transfer in China’s Auto Industry Zejian LI Manufacturing Management Research Center Faculty of Economics, the University of Tokyo E-mail: [email protected] Abstract: This paper examines the relationship between the emergence of independent Chinese automobile manufacturers (ICAMs) and International Technology Transfer. Many scholars indicate that the use of outside supplies is the sole reason for the high-speed growth of ICAMs. However, it is necessary to outline the reasons and factors that might contribute to the process at the company-level. This paper is based on the organizational view. It examines and clarifies the internal dynamics of the ICAMs from a historical perspective. The paper explores the role that international technology transfer has played in the emergence of ICAMs. In conclusion, it is clear that due to direct or indirect spillover from joint ventures, ICAMs were able to autonomously construct the necessary core competitive abilities. Keywords: marketing, international business, multinational corporations (MNCs), technology transfer, Chinese automobile industry but progressive emergence of independent Chinese 1. Introduction automobile manufacturers (ICAMs). It will also The purpose of this study is to investigate
    [Show full text]
  • 2016 Annual Report
    ANNUAL REPORT 2016 年 報 2016 年報 ANNUAL REPORT 2016 Contents Corporate Profile 02 Corporate Information 04 Our Products 06 Business Overview 10 Financial Highlights 20 Chairman’s Statement 22 Management Discussion and Analysis 24 Directors and Senior Management 33 Directors’ Report 41 Corporate Governance Report 58 Independent Auditor’s Report 69 Consolidated Balance Sheet 76 Consolidated Income Statement 78 Consolidated Statement of Comprehensive Income 79 Consolidated Statement of Changes in Equity 80 Consolidated Statement of Cash Flows 81 Notes to the Consolidated Financial Statements 82 Five Years’ Financial Summary 146 NEXTEER AUTOMOTIVE GROUP LIMITED ANNUAL REPORT 2016 02 Corporate Profile Nexteer Automotive Group Limited (the Company) together with its subsidiaries are collectively referred to as we, us, our, Nexteer, Nexteer Automotive or the Group. Nexteer Automotive is a global leader in advanced steering and driveline systems, advanced driver assistance systems (ADAS) and autonomous vehicle technologies. In-house development and full integration of hardware, software and electronics give Nexteer a competitive advantage as a full service supplier. Our vision is to remain a leader in intuitive motion control – leveraging our strengths in advanced steering and driveline systems. We maintain product focus on electric power steering (EPS), a socially responsible technology that offers automakers increased fuel economy and reduced emissions. Nexteer Automotive has put more than 40 million EPS units on the road, since 1999, saving more than 4 billion gallons of fuel. Our ability to integrate our systems seamlessly into automotive original equipment manufacturer (OEM) vehicles is a testament of our 110-year heritage of vehicle integration expertise and product craftsmanship.
    [Show full text]
  • Pwc China Automobile Industry M&A Review and Outlook
    Epidemic Prevention and Response to COVID-19 in the Automobile Industry Series Issue 2 — PwC China Automobile industry M&A Review and Outlook The epidemic has prompted many practitioners and managers in the industry to re-examine and plan for the medium-and long-term development of auto industry, accelerating industry transformation and upgrade. PwC auto team emphasizes on the following aspect of tax & legal, M&A and telematics system to analyze the related solutions. In this article, we mainly focus on the M&A aspect, hoping to give some inspirational idea to the practitioners in the industry. China’s automobile industry has developed rapidly in the opportunities. Moreover, an increasing number of companies past decade. Benefiting from “bringing in” and “going out” with advanced technology and capital will continue entering policy, both domestic and foreign OEMs have successfully into the market which fuels more M&A activities in the realized high growth through a series of mergers and automobile industry. acquisitions (M&A). Since 2018, the development of China In this article, we will analyze the automobile industry from automobile market has been slowing down, and the “CASE” four aspects: review of China’s auto industry M&A deals, trend has been having impact on OEMs. As new businesses main deal drivers and changes of auto industry, the future models are emerging, it has also led to blurring of M&A trend, and key initiatives in response to market boundaries between industries. Auto companies have been changes. actively using M&A deals to transform the automobile industry. At the beginning of 2020, the coronavirus outbreak severely impacted the supply chain of automobile industry, thus resulted in demands for business restructuring and transformation.
    [Show full text]
  • JD Power Asia Pacific Reports
    J.D. Power Asia Pacific Reports: Domestic Brands in China Narrow the Gap with International Brands in Overall New-Vehicle Appeal Models from Shanghai General Motors lead in four segments; Audi Ranks Highest in Vehicle Appeal at Make Level SHANGHAI: 30 November 2012 — Chinese domestic brands have substantially narrowed the gap with international brands in overall vehicle appeal, according to the J.D. Power Asia Pacific 2012 China Automotive Performance, Execution and Layout (APEAL) StudySM released today. Now in its 10th year, the China APEAL Study examines how gratifying a new vehicle is to own and drive, based on owner evaluations during the first two to six months of ownership. The study examines 82 attributes across 10 vehicle performance categories: vehicle exterior; vehicle interior; storage and space; audio/ entertainment/ navigation; seats; HVAC; driving dynamics; engine/ transmission; visibility and driving safety; and fuel economy. Domestic brands achieve an average APEAL score of 781 points, an historic high for brands of Chinese automakers. Domestic brands have made significant improvements in the audio/ entertainment/ navigation and seats categories, each increasing by 11 points from 2011. There are also improvements in the driving dynamics and engine/ transmission categories, with each increasing by seven points from 2011. The APEAL score for international brands drops to 839 points in 2012 from 847 in 2011, due to declining satisfaction in the vehicle exterior and storage and space categories. The China automotive industry achieves an overall APEAL score of 822 points (on a 1,000-point scale) in 2012, a 3-point decline compared with 2011. “The significant price decline that the industry has experienced during the past year is causing a negative impact on owner satisfaction with their vehicle,” said Dr.
    [Show full text]
  • Official Journal L 315 of the European Union
    Official Journal L 315 of the European Union ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ ★ Volume 57 English edition Legislation 1 November 2014 Contents II Non-legislative acts REGULATIONS ★ Commission Implementing Regulation (EU) No 1170/2014 of 29 October 2014 correcting the Slovenian version of Commission Regulation (EC) No 504/2008 implementing Council Directives 90/426/EEC and 90/427/EEC as regards methods for the identification of equidae (1) 1 ★ Commission Regulation (EU) No 1171/2014 of 31 October 2014 amending and correcting Annexes I, III, VI, IX, XI and XVII to Directive 2007/46/EC of the European Parliament and of the Council establishing a framework for the approval of motor vehicles and their trailers, and of systems, components and separate technical units intended for such vehicles (1) .................. 3 Commission Implementing Regulation (EU) No 1172/2014 of 31 October 2014 establishing the standard import values for determining the entry price of certain fruit and vegetables ...................... 13 DECISIONS 2014/768/EU: ★ Commission Implementing Decision of 30 October 2014 establishing the type, format and frequency of information to be made available by the Member States on integrated emission management techniques applied in mineral oil and gas refineries, pursuant to Directive 2010/75/EU of the European Parliament and of the Council (notified under document C(2014) 7517) (1) .............................................................................................................. 15 2014/769/EU: ★ Commission Implementing Decision of 30 October 2014 confirming or amending the average specific emissions of CO2 and specific emissions targets for manufacturers of new light commercial vehicles for the calendar year 2013 pursuant to Regulation (EU) No 510/2011 of the European Parliament and of the Council (notified under document C(2014) 7863) ...................
    [Show full text]
  • ISSUE 84 / 2020 Freetorial He Great Thing About Being Free Car Mag Is That We Are Just MG India Brand Ambassador That, Free
    Get the Look Should you buy... Communist Chinese Cars? & from companies that work within the People's Republic? We try on some ultra cool T-Shirts with a distinctly Swedish theme which might be turbocharged... freecarmag.co.uk 1 ISSUE 84 / 2020 freetorial He great tHing about being Free Car Mag is tHat we are just MG India brand ambassador that, free. Free to write about what we please. Difcult things. T I was ratHer interested in wHat car manufacturers tHougHt Benedict Cumberbatch about operating in CHina. Sadly, in just about every instance, tHey Had notHing to sHare witH us, wHicH was a sHame. RigHt now cooperating witH a Communist political system would not seem to be tHe most etHical tHing to do. Indeed, unravelling tHemsleves from a globalised system tHat Has caused plenty of supply cHain issues recently would be tHe smart, business tHing to do. For tHe rest of us Bangernomics Mag (www.bangernomics.com) offers a positive way forward. Instead, car manufacturers prefer to stay away from tHe really important issues. THey could of course cHoose to be free. 4 News Events Celebs MeanwHile...say Hello to SHazHad SHeikH wHo Has been writing 8 China Crises about and driving all tHe exciting cars for decades as #browncarguy. See you next time. 10 Made in China 16 Mercedes World 18 Back Seat Driver 19 Future Proof Vauxhall Mokka 22 Saab Tees 23 Wanted Mr Jones Watch 24 Buy Now KIa, SEAT , Skoda 26 Alliance of British Drivers 28 The #Brown Car Guy Column 30 Next Time - BMW Isetta? James Ruppert The Brit Issue EDITOR [email protected] Cover Credits l Fiat • MG Motors India • Saab Tees THE TEAM Editor James Ruppert Publisher Dee Ruppert Backing MAG Sub Editor Marion King Product Tester Livy Ruppert Britain Photographer Andrew Elphick Our 5 point plan Web Design Chris Allen Columnist Shahzad Sheikh ©2020 Free Car Mag Limited is available worldwide Reporter Kiran Parmar witHout any restrictions.
    [Show full text]
  • Master Thesis: Foreign Investments in the Chinese Automobile Industry: 2011 Analysis of Drivers, Distance Determinants and Sustainable Trends
    Master Thesis Foreign Investments in The Chinese Automobile Industry: Analysis of Drivers, Distance Determinants and Sustainable Trends 1 September, 2011 Authors: Nadezhda Anastasova MSc in Finance and International Business Martin Nenovski MSc in International Business Academic supervisor: Kurt Pedersen Master Thesis: Foreign Investments in The Chinese Automobile Industry: 2011 Analysis of Drivers, Distance Determinants and Sustainable Trends Abstract This thesis elaborates on the different motives and determinates that influence foreign companies to invest in the Chinese automobile industry, which in 2009 became the largest automobile producer in the world. The Chinese car manufacturing industry has been thoroughly described and analyzed through in-depth PESTEL and Porter’s five forces Analyses. Furthermore, based on the theoretical background of Dunning’s eclectic paradigm (OLI theory) and Ghemawat’s CAGE framework, this paper contributes to the existing literature on the topic by preparing detailed analysis of the drivers that have influenced the investment decisions of the three most powerful players in the Chinese automobile industry: the American General Motors, the German Volkswagen and the Japanese Toyota. Moreover, the thesis presents the most important distance determinants with respect to the three foreign countries: The USA, Germany and Japan and the host country: China and gives valuable examples with regard to the operations of the three biggest global players in China. Last but not least, the paper provides in-depth description of the sustainable trends in the Chinese automobile industry and gives important insights of General Motors’, Volkswagen’s and Toyota’s current strategies in this direction. The conclusion chapter gives and overall discussion of the most important findings with regard to the business operations of the three foreign companies in the host market.
    [Show full text]
  • CHINA CORP. 2015 AUTO INDUSTRY on the Wan Li Road
    CHINA CORP. 2015 AUTO INDUSTRY On the Wan Li Road Cars – Commercial Vehicles – Electric Vehicles Market Evolution - Regional Overview - Main Chinese Firms DCA Chine-Analyse China’s half-way auto industry CHINA CORP. 2015 Wan Li (ten thousand Li) is the Chinese traditional phrase for is a publication by DCA Chine-Analyse evoking a long way. When considering China’s automotive Tél. : (33) 663 527 781 sector in 2015, one may think that the main part of its Wan Li Email : [email protected] road has been covered. Web : www.chine-analyse.com From a marginal and closed market in 2000, the country has Editor : Jean-François Dufour become the World’s first auto market since 2009, absorbing Contributors : Jeffrey De Lairg, over one quarter of today’s global vehicles output. It is not Du Shangfu only much bigger, but also much more complex and No part of this publication may be sophisticated, with its high-end segment rising fast. reproduced without prior written permission Nevertheless, a closer look reveals China’s auto industry to be of the publisher. © DCA Chine-Analyse only half-way of its long road. Its success today, is mainly that of foreign brands behind joint- ventures. And at the same time, it remains much too fragmented between too many builders. China’s ultimate goal, of having an independant auto industry able to compete on the global market, still has to be reached, through own brands development and restructuring. China’s auto industry is only half-way also because a main technological evolution that may play a decisive role in its future still has to take off.
    [Show full text]