DOCSLIB.ORG

1. News from Porsche AG Company Annual Balance Sheet 2006/2007: Strong Premiere of the New Porsche SE

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
1. News from Porsche AG Company Annual Balance Sheet 2006/2007: Strong Premiere of the New Porsche SE Porsche Club News 2 /08 1. News from Porsche AG Company Annual Balance Sheet 2006/2007: Strong Premiere of the New Porsche SE percent to 7.368 billion Euros (7.1 bil- lion Euros). “It is the best financial state- ment we could hope for” said Wiede- king, proudly referring to the company result of 5.857 billion Euros. Positive share option business in connection with the Volkswagen commitment contributed 3.593 billion Euros to the result. Porsche spent almost 2.7 billion Euros last year to increase the Volkswagen share from 21.2 to 30.6 percent. This added up to a total investment in Volks- wagen shares of approximately 5.8 bil- lion Euros. The greatest percentage of sales was The historical significance was unmistakable. Porsche Automobile Holding achieved by the vehicle business. The SE presented itself for the first time on the 28 th of November at the company comparison with the plus in vehicles press conference in Stuttgart. Chairman of the Board Dr. Wendelin Wiede- sold of 0.7 percent to 97,515 vehicles king and his team have reached important goals in the past few months. (96,794) clearly shows that the im- proved product mix has had a positive effect. To make sure things stay that way, no less than eight new models are being launched onto the market in 2008. Porsche boss Wiedeking is ex- Looking up was worth it – even for Dr. number of vehicles sold to approxi- pecting the next great increase in Wendelin Wiedeking. The Porsche boss mately 30,700 (25,939). The CEO for growth with the start of the Panamera turned round on the podium in the Finance Holger P. Härter is therefore 2009. Elysée conference room of the Le Méri- convinced that this year will also close dien Hotel in Stuttgart to have another with a “very good result”. Relations with the Volkswagen workers satisfied look at the writing on the wall council also interested journalists. behind him. “Porsche SE” was there for “Porsche and Volkswagen must be Wiedeking set a conciliatory note: all to see. The logo documented the among the winners.” “When the time comes for the final passing of important milestones in the Dr. Wendelin Wiedeking move, we want to make peace and take last few months. Porsche Automobile on a joint project which will show us a Holding SE presented itself to journal- The latest figures from North America promising future.” Everybody wins. ists for the first time at the company confirm this. In November, the number “Porsche and Volkswagen do not just press conference. They could hardly of deliveries to customers rose to want to, they must be among the win- have had a better start because 2,776 (last year: 2,723). This repre- ners,” Wiedeking said. But he remained Porsche SE was already able to report sents a growth of two percent. Porsche hard in one matter: “The codetermina- two-figure growth rates in number of ve- therefore beat the respective month’s tion agreement cannot and will not be hicles sold and sales returns at the be- figures of the previous year for the sev- undone. It was signed for ten years.” ginning of the business year 2007/ enth time in succession despite the diffi- 2008. Preliminary figures for the first cult market environment. four months show that sales will in- crease to 2.36 billion Euros (same pe- In the previous business year 2006/ riod last year: 2.06 billion Euros) and the 2007, company sales increased by 3.4 Carrera Edition 12/2007 7 Porsche Club News 2/08 Company Investment in the Zuffenhausen Site: New Paintshop from 2011 Porsche continues to invest heavily cil of July 2005. “We have created the Representatives of the Porsche Build- in the Zuffenhausen site. The com- conditions to ensure that a premium ve- ing Department informed the Commit- pany is building a new paintshop at hicle like the 911 can be produced in tee for Environment and Technology in its headquarter for 200 million Stuttgart,” said the Chairman of the the Stuttgart City Council of the plans Euros. It is planned to go into ope- Board Dr. Wendelin Wiedeking. at the beginning of December. The Zuf- ration in 2011. “This will secure fenhausen District Council was also in- jobs in Zuffenhausen in the long The new paintshop is being built on the formed. Porsche is planning a special term,” Chairman of the Board Dr. former Dürr AG premises. Porsche information event for neighbours in the Wendelin Wiedeking stresses. bought the land in Spring 2007. Build- Neuwirtshaus area in the new year. But ing is to begin in Autumn 2008, the first one thing is already certain: The plant bodies will be painted in 2011. It is will be state-of-the-art and satisfy all le- Porsche relies on Zuffenhausen – and planned to operate the new plant paral- gal requirements. underlines this with its actions. The de- lel to the existing paintshop for a transi- cision to build a new paintshop at the tional period. Carrera Issue 12/2007 site secures jobs and ensures that the growth course continues. The new In order to guarantee a trouble-free pro- building implements an essential part cedure in the future, two more trans- of the location security agreement be- port bridges must be built. One con- tween the Board and the Workers Coun- nects the body shop in Plant 5 with the paintshop. Another bridge transports the raw bodies over the Schwieber- dinger road to assembly. 170 vehicles New building in Zuffenhausen: The a day can be painted in the new plant. computer animation shows the future The paintshop is designed for three- paintshop and the connecting stages shift operation. 8 Porsche Club News 2 /08 Museum New Porsche Museum: Every millimetre counts for the hovering “Flyer” One of the most important building phases of the new Porsche Museum in two command centres. A worker is sus- Zuffenhausen has been successfully completed. The steel structure was pended in his harness at each of the 34 lowered in with extraordinary precision. Thanks to the meticulous prepa- presses and turns the adjusting screw ration and the successful co-operation of all those involved, this chal- down ten millimetres with every com- lenge was mastered brilliantly. The interior building is now in full swing. mand. Approximately 6,000 tons of material went into the building of the support structure of the “flyer”. Due to the partly installed concrete ceilings It is a big day at the building site at 60 metres just looks like a “flyer”, has to and other extension loads, the “flyer” Porscheplatz in Zuffenhausen. All those be lowered. The supports are removed involved are very excited but at the and the future exhibition hall put in a same time highly concentrated. Every kind of hovering state. “This process step, every action, every command fol- was extremely exciting,” says Project lows an exact script. Because maxi- Manager Armin Wagner. “The technical mum precision is essential. The body of challenge was unbelievably demand- the museum which, with spans of up to ing.” Everything is co-ordinated from The museum floats: The steel structure which has been resting on 34 presses was lowered with maxi- mum precision 9 Porsche Club News 2/08 has currently reached a weight of The work is proceeding smoothly. The process was complete that “we were 12,000 tons. This is lowered carefully presses covered a total distance of going to get a very positive result.” from the scaffold towers into the steel- 100 millimetres after only half a day. reinforced concrete supports. The Lowering is completed. A perfect land- weight after completion, that is after in- ing. This completes the steel construc- The second part of the intricate work stalling all extension and traffic loads, tion work. “The steel structure and shell was also completed in half a day. The will grow to an incredible 35,000 tons. have been built with very high preci- forces acting on the two distinctive Y- The forces acting on the supports are sion,” says Wagner. It was already clear shaped supports at the front of the measured and set to nominal values. after ten percent of the lowering building have to be set. They are distrib- uted over the downward directed sup- ports by the interaction of horizontal and vertical presses. “This work was Made-to-measure: After the “flyer” had been lowered, just as demanding as the lowering it- the covering work could continue self,” says Wagner. Both measures are very important for the progress of the building. Only then can further work such as the erection of the facade and the installation of the building technol- ogy begin. After covering, the steel structure the exhibition hall is “tight” and is already being heated. This is the prerequisite for the interior construc- tion. Further concrete ceilings are in- stalled, the floors laid and all kinds of tradesmen ensure that the project which experts have called “the most ambitious building project in Europe” is gradually taking shape. By the end of March the temporarily closed front facing Porscheplatz will be replaced by a glass facade. The escala- tor which visitors will ride from the en- trance hall to the exhibition room is al- ready installed. “We are right on sched- ule,” Wagner confirms. Not only he is looking forward to an extraordinary mu- seum. Carrera Issue 11/2007 10 Porsche Club News 2 /08 Retrospective Premieres and Events 2006/2007 Models: The most important presentations September 2006 RS Spyder: It’s love at first sight for many.
Load more

Recommended publications
  • The Porsche Type List
    The Porsche Type List When Professor Ferdinand Porsche started his business, the company established a numeric record of projects known as the Type List. As has been reported many times in the past, the list began with Type 7 so that Wanderer-Werke AG did not realize they were the company’s first customer. Of course, as a result, Porsche’s famous car, the 356 as defined on the Type List, was actually Porsche’s 350th design project. In reviewing the Porsche Type List enclosed on this website, you might notice several interesting aspects. First, although there is a strong chronological alignment of Type numbers, it is certainly not perfect. No official explanation exists as to why this occurs. It is possible that Type numbers were originally treated only as an informal configuration and data management tool and today’s rigorous examination of Porsche history is but an aberration of 20/20 hindsight. Secondly, you might also notice that there were variations on Type List numbers that were probably made rather spontaneously. For example, consider the Type 60 with its many “K” variations to designate different body styles. Also consider how the Type 356 was initially a tube frame chassis then changed to a sheet metal chassis with the annotation 356/2 but the /2 later reused to describe different body/engine offerings. Then there were the variants on the 356 annotated as 356 SL, 356A, 356B, and 356C designations and in parallel there were the 356 T1 through 356 T7 designations. Not to mention, of course, the trademark infringement threat that caused the Type 901 to be externally re-designated as the 911.
    [Show full text]
  • The History of the Porsche Engineering Office the Porsche Sports Car Brand Began in 1948 When the First Vehicle to Carry the Porsche Name Was Built
    newsroom Company Oct 10, 2017 The history of the Porsche engineering office The Porsche sports car brand began in 1948 when the first vehicle to carry the Porsche name was built. Ferdinand Porsche founded his engineering office in 1931. Working until his death in 1951, the exceptionally creative technician, formerly a designer of electric cars and racing cars and the chief developer at Daimler-Benz, laid the foundations for the global company that would later bear the same name. Today, in September 2017, the founding, philosophy and development of Porsche’s predecessor company has been documented in great detail in the book “Porsche: Vom Konstruktionsbüro zur Weltmarke” (“Porsche: From Engineering office to Global Brand”) from publisher Siedler Verlag. The renowned historian Wolfram Pyta tells the story of Porsche GmbH/KG in its turbulent early years: from the origins of the Volkswagen to the transition to a wartime economy under National Socialism and the development of battle tanks, right up to the establishment of the automotive brand carrying the Porsche name. The book outlines the direction in which the creative dynamics of Porsche's founding years under National Socialism led the company, why the company had to undergo a fresh start after the war without its founder and how the global company ultimately emerged from the engineering office of old. Page 1 of 5 Ferdinand Porsche 1937 with a Volkswagen prototype of the series W30 The book devotes particular attention to studying the role of Professor Ferdinand Porsche under National Socialism. The success story of Porsche’s engineering office is closely linked to the “Third Reich” and Adolf Hitler himself.
    [Show full text]
  • Download PDF, 19 Pages, 505.25 KB
    VOLKSWAGEN AKTIENGESELLSCHAFT Shareholdings of Volkswagen AG and the Volkswagen Group in accordance with sections 285 and 313 of the HGB and presentation of the companies included in Volkswagen's consolidated financial statements in accordance with IFRS 12 as of 31.12.2019 Exchange rate VW AG 's interest Equity Profit/loss (1€ =) in capital in % in thousands, in thousands, Name and domicile of company Currency Dec. 31, 2019 Direct Indirect Total local currency local currency Footnote Year I. PARENT COMPANY VOLKSWAGEN AG, Wolfsburg II. SUBSIDIARIES A. Consolidated companies 1. Germany ASB Autohaus Berlin GmbH, Berlin EUR - 100.00 100.00 16,272 1,415 2018 AUDI AG, Ingolstadt EUR 99.64 - 99.64 13,701,699 - 1) 2019 Audi Berlin GmbH, Berlin EUR - 100.00 100.00 9,971 - 1) 2018 Audi Electronics Venture GmbH, Gaimersheim EUR - 100.00 100.00 60,968 - 1) 2019 Audi Frankfurt GmbH, Frankfurt am Main EUR - 100.00 100.00 8,477 - 1) 2018 Audi Hamburg GmbH, Hamburg EUR - 100.00 100.00 13,425 - 1) 2018 Audi Hannover GmbH, Hanover EUR - 100.00 100.00 16,621 - 1) 2018 AUDI Immobilien GmbH & Co. KG, Ingolstadt EUR - 100.00 100.00 82,470 3,399 2019 AUDI Immobilien Verwaltung GmbH, Ingolstadt EUR - 100.00 100.00 114,355 1,553 2019 Audi Leipzig GmbH, Leipzig EUR - 100.00 100.00 9,525 - 1) 2018 Audi München GmbH, Munich EUR - 100.00 100.00 270 - 1) 2018 Audi Real Estate GmbH, Ingolstadt EUR - 100.00 100.00 9,859 4,073 2019 Audi Sport GmbH, Neckarsulm EUR - 100.00 100.00 100 - 1) 2019 Audi Stuttgart GmbH, Stuttgart EUR - 100.00 100.00 6,677 - 1) 2018 Auto & Service PIA GmbH, Munich EUR - 100.00 100.00 19,895 - 1) 2018 Autonomous Intelligent Driving GmbH, Munich EUR - 100.00 100.00 250 - 1) 2018 Autostadt GmbH, Wolfsburg EUR 100.00 - 100.00 50 - 1) 2018 B.
    [Show full text]
  • Audi's Le Mans Return Is Shaping Up
    Audi MediaInfo Audi’s Le Mans return is shaping up • Concept stage for new Audi sports prototype largely completed • Close cooperation with fellow group brand Porsche • First race planned for January 2023 at the Daytona 24 Hours Neuburg a. d. Donau, April 29, 2021 – Audi will return to Le Mans and to sports prototype racing with an electrified sports car in the 2023 season. The successor to the successful Audi R18 is already taking shape. “The new LMDh category fits perfectly with our new set-up in motorsport,” says Julius Seebach, Managing Director Audi Sport GmbH and responsible for Motorsport at Audi. “The regulations allow us to field fascinating race cars in prestigious races worldwide. In addition, we are making use of synergies inside the Volkswagen Group with our partner strategy.” The successor to the Audi R18 is being built in close cooperation with the brands’s sister company Porsche. “A great strengh of the Volkswagen Group is the collaboration of the brands in the development of road cars,” says Seebach. “We are now transferring this proven model to motorsport. Nevertheless, the new sports prototype will be just as much a genuine Audi as the Audi RS e-tron GT that was launched recently and has also been developed on a platform shared with Porsche.” The sports prototype for the new LMDh category is currently being created at Audi Sport in parallel with the innovative SUV for the Dakar Rally. “Of course, the Dakar team is under greater time pressure, because there are only just under eight months left until our first participation in the Dakar Rally in January 2022,” says Andreas Roos, who is responsible for all factory motorsport commitments at Audi Sport.
    [Show full text]
  • Vorlage Für Geschäftsbrief
    AUDI AG 85045 Ingolstadt Germany History of the Four Rings AUDI AG can look back on a very eventful and varied history; its tradition of car and motorcycle manufacturing goes right back to the 19th century. The Audi and Horch brands in the town of Zwickau in Saxony, Wanderer in Chemnitz and DKW in Zschopau all enriched Germany’s automobile industry and contributed to the development of the motor vehicle. These four brands came together in 1932 to form Auto Union AG, the second largest motor-vehicle manufacturer in Germany in terms of total production volume. The new company chose as its emblem four interlinked rings, which even today remind us of the four founder companies. After the Second World War the Soviet occupying power requisitioned and dismantled Auto Union AG’s production facilities in Saxony. Leading company executives made their way to Bavaria, and in 1949 established a new company, Auto Union GmbH, which continued the tradition associated with the four-ring emblem. In 1969, Auto Union GmbH and NSU merged to form Audi NSU Auto Union AG, which since 1985 has been known as AUDI AG and has its head offices in Ingolstadt. The Four Rings remain the company’s identifying symbol. Horch This company’s activities are closely associated with its original founder August Horch, one of Germany’s automobile manufacturing pioneers. After graduating from the Technical Academy in Mittweida, Saxony he worked on engine construction and later as head of the motor vehicle production department of the Carl Benz company in Mannheim. In 1899 he started his own business, Horch & Cie., in Cologne.
    [Show full text]
  • Computer Vision to Make Production Within the Volkswagen Group Even More Efficient
    Medieninformation NO. 167/2020 Computer Vision to make production within the Volkswagen Group even more efficient • Computer Vision: Volkswagen forges ahead with image recognition processes in combination with artificial intelligence • Gerd Walker, Head of Volkswagen Group Production: “Key contribution to boosting efficiency in production. Expect cost reductions running into the double-digit million range by 2024.” • First cross-Group application to be linked to the Volkswagen Industrial Cloud in 2021 Wolfsburg, July 2, 2020 – In production, the Volkswagen Group is continuously moving ahead with future-oriented technologies and digitalization. “Industrial Computer Vision” image recognition and processing technology is to help improve productivity in production by 30 percent from 2016 to 2025. “The use of this technology offers considerable potential for making our production plants even more efficient. By 2024, we already expect cost reductions running into the double digit million euro range throughout the group,” says Gerd Walker, Head of Volkswagen Group Production. “The focus is on applications which we can develop at one location and then roll out throughout the Group.” The first two Computer Vision solutions from Porsche and Audi are currently being prepared for Group-wide rollout and connection to the Volkswagen Industrial Cloud. The Volkswagen Group is already among the leading automakers working with Computer Vision. The process extracts information from optical data, such as the real environment at the plant, which it then evaluates using artificial intelligence (AI). The procedure is similar to the human capability of recognizing, processing and analyzing images. Volkswagen has been working with this technology for several years and is now intensifying its efforts.
    [Show full text]
  • The Death of Professor Dr. Ing. H.C. Ferdinand Anton Ernst (Ferry) Porsche in March of 1998 Meant Bidding Farewell to One of the Last Greats of Automotive History
    Page 18 Christophorus 339 Christophorus 339 Page 19 FERRY PORSCHE 100 By Photos by Dieter Landenberger Porsche Archive His Life’s Work The death of Professor Dr. Ing. h.c. Ferdinand Anton Ernst (Ferry) Porsche in March of 1998 meant bidding farewell to one of the last greats of automotive history. Under his leadership in 1948, the first sports car with the name of Porsche appeared, and for decades he strongly determined the course of the company, including 1958 Ferry Porsche in the assembly hall of Plant 2 in Zuffenhausen, advocating its independence. We present a series of reminiscences to mark the standing before 356 A series vehicles 100th anniversary of his birth on September 19, 2009. Page 20 Christophorus 339 Christophorus 339 Page 21 1936 Ferry Porsche enjoys driving the Beetle: At the wheel of a Volkswagen prototype on the market square in Tübingen 1956 1956 Father and son (Ferdinand Alexander) Sports-car fan Ferry Porsche in the pit lane with in New York the 550 A coupes at the 24 Hours of Le Mans 1964 1950 1953 1997 The man with the hat: Ferdinand Senior and Ferry Junior have a father-son talk Porsche at Porsche Plant 2—with a 356 featuring Ferry Porsche also enjoys driving a Boxster, because Ferry Porsche at the Porsche villa a center-creased windshield “the latest car is always the most beautiful” 1956 Boss and designers: Porsche (right) with Heinz Rabe (left) and Erwin Komenda 1996 Ferry Porsche celebrates the one-millionth 911 with Wendelin Wiedeking (left) and Baden-Würt- temberg’s Minister President Erwin Teufel (right)
    [Show full text]
  • Further Ordinary Shares in Volkswagen AG Acquired
    Press release 05/20 12. May 2020 Further ordinary shares in Volkswagen AG acquired At 99 million euro, group result after tax down significantly on the prior-year figure in the first quarter / Net liquidity increases to 568 million euro / Forecast for the fiscal year 2020 still uncertain Stuttgart, 12 May 2020. Porsche Automobil Holding SE (Porsche SE), Stuttgart, increased its holding of ordinary shares in Volkswagen AG, Wolfsburg, to 53.3 percent. In the period from 17 March to 20 April 2020, a total of 0.2 percent of the ordinary shares in Volkswagen AG was acquired in capital market transactions for 81 million euro, of which 26 million euro relates to the first quarter. This latest purchase of ordinary shares highlights Porsche SE’s unwavering commitment to the Volkswagen Group. In light of the impact of the global Covid-19 pandemic, the group result after tax of 99 million euro for the first quarter of 2020 is clearly down on the prior-year figure (1.20 billion euro). This result was significantly influenced by the profit from the investment accounted for at equity in Volkswagen AG of 108 million euro (1.22 billion euro). In the reporting period, the “Intelligent Transport Systems” (ITS) segment generated revenue of 26 million euro, up slightly on the prior-year figure (25 million euro). In this segment, there was a result after tax of minus 5 million euro compared to minus 4 million euro in the first quarter of 2019. This contains effects of minus 2 million euro from the continuation of the purchase price allocation.
    [Show full text]
  • Building Brand Architecture: the New Mercedes AMG-GT Versus the New
    Building Brand Architecture: The New Mercedes AMG-GT versus The New Porsche 911 The report1 builds and examines the brand architecture of two brands – New Mercedes AMT GT and New Porsche 911 – in the automotive market. The two brands are chosen as the new launch of Mercedes AMT GT as the sportiest car to give veritable competitor for the old bull Porsche 911. Both Mercedes and Porsche are among the most prestigious and valuable brands in the automobile market and each one a leader in its own way. This report will bring out the similarities and differences in the brand architectures of these two brands. Quite interestingly, 2015 was the best year in terms of sales for both the companies. While Mercedes had the highest record sales of 1,880,000 cars, Porsche also achieved its highest record sales of 189,849 cars. Brand Architecture 1 The report is based on the materials published on the following websites: 1. Forbes: The World’s Most Valuable Brands 2015 – www.forbes.com/powerful-brand/list; 2. www.mercedes-benz.com; 3. www.porsche.com; 4. www.jdpower.com/cars; JD Power & Associates Ratings 2016. 1. Brand Architecture of The New Mercedes AMG-GT Brand Core / Essence -Heritage, Authentic, Innovative Brand Personality- Pioneer in Luxury cars, Thoroughbred, Elegant, Symbol of Engineering Excellence, Sense of class and success. Emotional Benefits - Prestige & exclusivity, Sense of accomplishment, Pride for family, Addictive Product Benefits - Safety, Futuristic and eco- friendly, superfast speed on long distance, Performance, Lavishly equipped interiors, Customized: Handcrafted excellence: one man, one engine, Big Boot.
    [Show full text]
  • Qualitative and Quantitative Analysis of Volkswagen
    QUALITATIVE AND QUANTITATIVE ANALYSIS OF VOLKSWAGEN Authors (Universitat de Barcelona): Cristina Gómez Bule Gonzaga Mestre Galofé Paula Rosselló Garriga EDITOR: Jordi Marti Pidelaserra (Dpt. Comptabilitat, Universitat Barcelona) Volkswagen AG Volkswagen Group Analyzing the company Paula Rosselló , Gonzaga Mestre y Cristina Gómez INDEX 13 - 2 - Volkswagen AG QUALITATIVE ANALYSIS PART I: Volkswagen analyze 1. Introduction..................................................................................................................4 2. Volkswagen AG...........................................................................................................6 * Porsche case: its relation with Volkswagen................................................................13 3. CEO members...........................................................................................................14 4. Volkswagen evolution................................................................................................15 5. Shareholders.............................................................................................................16 6. Stakeholders..............................................................................................................16 7. Volkswagen CSR.......................................................................................................20 8. Location.....................................................................................................................21 9. Emerging markets.....................................................................................................22
    [Show full text]
  • Driving Toward a Sustainable Future
    Driving Toward a Sustainable Future 2019 Corporate Sustainability Report Contents 3 INTRODUCTION 36 PRODUCTS 4 CEO Letter 37 Safety Products Visteon Corporation has a longstanding commitment to 5 Our Commitment 38 Autonomous Driving Technology corporate sustainability and citizenship. In support of this 6 Leadership Principles commitment, we are providing this report as a summary 7 Company Profile 39 SUPPLY CHAIN of the company’s corporate responsibility activities. 40 Supplier Sustainability Included are highlights of company initiatives, practices 8 Sustainability Strategy 41 Strategic Supplier Award and achievements related to ethics and governance, 9 Industry Associations environment, health and safety, products, supply chain, 10 Awards 42 QUALITY quality and our people. 13 ETHICS AND GOVERNANCE 43 Quality Policy Visteon is focused on leading the digital revolution in 14 Ethics and Integrity Policy 44 Visteon Quality Awards cockpit electronics, delivering key product platforms that 15 Code of Basic Working Conditions are essential to the cockpit of the future. As a technology- 45 PEOPLE 16 Conflict Minerals driven company focused on cockpit electronics that 46 Employee Engagement 17 Governance – Board of Directors address the digital, electric and autonomous evolution, 47 Learning and Development Visteon has a world-class workforce and an unwavering 48 Leadership Programs dedication to corporate sustainability. 18 ENVIRONMENT 20 Energy Team 49 Diversity and Inclusion 21 Sustainability Programs 50 Diversity Successes 22 Environmental Metrics 51 Employee Resource Groups 24 Environmental Successes 52 Community Outreach 26 CDP Reports 53 Community Successes 27 HEALTH AND SAFETY 29 Metrics 31 Health and Safety Successes 32 Zero Injury Facilities 33 2018 Target Performance 35 2019 Targets 2 INTRODUCTION CEO Letter Responsibly Leading the Digital Cockpit Revolution Our environmental performance also continues to improve Visteon is committed to the highest levels of sustainability across our manufacturing operations.
    [Show full text]
  • Vehicle Technology
    Vehicle Technology ENABLING A BETTER AUTOMOTIVE WORLD 150 Stephenson Hwy, Troy, MI 48083 ph(248) 619-8300 www.valeo.com The new technologies presented today by Valeo confirm the appropriateness of the company’s strategy to develop global solutions which improve safety, comfort and driving pleasure while at the same time reducing fuel consumption and pollutant emissions. 2 StARS Micro-hybrid 3 StARS starter alternator Opportunity to reduce fuel consumption in city driving by up to 15%, without making any radical changes to the engine architecture. The reduction of fuel consumption, greenhouse gases and pollutant emissions is one of the major challenges that the automotive industry faces today. Automakers are making massive R&D investments in a bid to improve the efficiency of their engines. But progress is only made in small steps. Since, in city driving, vehicles are at a standstill for almost 35% of the time, during which the engine idles needlessly, the benefits of the Stop-Start system are quite obvious. This system switches off the engine when the vehicle stops, at a traffic light, for example, and starts it up again as soon as the driver asks for power. Valeo’s StARS solution (Starter Alternator Reversible System) fully automates this function and can achieve fuel consumption savings of up to 28% in congested city driving. The StARS solution combines the alternator and starter functions. In starter mode, the engine is started immediately and silently by the belt linking the system to the crankshaft. The alternator mode features a new technology that improves the electrical efficiency of the system.
    [Show full text]