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Groupe Renault Sets Its New Strategy for China
PRESS RELEASE Groupe Renault sets its new Strategy for China • Groupe Renault will focus in China on light commercial vehicles (LCV) and electric vehicles (EV). • Groupe Renault will transfer its shares in Dongfeng Renault Automotive Company Ltd (DRAC) to Dongfeng Motor Corporation. DRAC will stop its Renault brand-related activities. • LCV business is operated through Renault Brilliance Jinbei Automotive Co., Ltd. (RBJAC), leveraging Jinbei legacy with Renault know-how. • EV business will be developed through the two existing joint ventures: eGT New Energy Automotive Co., Ltd (eGT) and Jiangxi Jiangling Group Electric Vehicle Co. Ltd (JMEV). Boulogne-Billancourt, April 14th, 2020 - Groupe Renault unveiled today its new strategy for the Chinese Market, building on two of its key pillars: Electric Vehicles (EV) and Light Commercial Vehicles (LCV). Within this new strategy, Groupe Renault activities in China will be driven as follow: About Chinese ICE Passenger Car Market Regarding ICE passenger car, Groupe Renault has entered into a preliminary agreement with Dongfeng Motor Corporation under which Renault transfers its shares to Dongfeng. DRAC will stop its Renault brand-related activities. Renault will continue to provide high quality aftersales service for its 300,000 customers through Renault dealers but also through Alliance synergies. Further development for Renault brand passenger cars will be detailed later within future new mid-term-plan Renault. Furthermore, Renault and Dongfeng will continue to cooperate with Nissan on new generation engines like components supply to DRAC and diesel license to Dongfeng Automobile Co., Ltd. Renault and Dongfeng will also engage in innovative cooperation in the field of intelligent connected vehicles. -
Motorsport News May 17, 2021 No
Motorsport News May 17, 2021 No. 46/21 Dear Journalist: Early each week, Porsche Cars North America will provide a weekend summary or pre- race event notes package, covering the Porsche Carrera Cup North America, IMSA WeatherTech SportsCar Championship, SRO GT World Challenge America, the FIA World Endurance Championship (WEC), FIA ABB Formula E World Championship or other areas of interest from the world of Porsche Motorsport. Please utilize this resource as needed, and do not hesitate to contact us for additional information. - Porsche Cars North America Motorsport Public Relations Team Porsche Motorsport Weekly Event Notes: Monday, May 17, 2021 This Week. • Page 1. Ohio Homecoming. Wright Motorsports Gives Hardwick Welcome Back Podium. • Page 5. To the Point. Porsche Holds Top-Spot in IMSA Championship GTD Point Standings. Ohio Homecoming. Wright Motorsports Gives Hardwick Welcome Back Podium. The IMSA sports car racing weekend at the Mid-Ohio Sports Car Course was a rollercoaster welcome back ride for Ryan Hardwick. The resident of Atlanta, Georgia – who had been forced out of the seat of both the Wright Motorsports-prepared Porsche 718 Cayman GT4 Clubsport and Porsche 911 GT3 R for the last two rounds as a result of a head-injury sustained in a practice accident at the Daytona International Speedway in January – returned to the driver’s seat May 14 – 16 after extensive rehabilitation. The Hardwick reunion came at an ideal venue as the Lexington, Ohio-area facility is the home track for the entrant of both his Porsche entries in the Michelin Pilot Challenge and Public Relations Department 1 of 8 ! Frank Wiesmann Manager, Product Communications Phone +1.770.290.3414 [email protected] Motorsport News May 17, 2021 No. -
Confirming Or Amending the Average Specific Emission Of
L 315/30 EN Official Journal of the European Union 1.11.2014 COMMISSION IMPLEMENTING DECISION of 30 October 2014 confirming or amending the average specific emission of CO2 and specific emissions targets for manufacturers of passenger cars for the calendar year 2013 pursuant to Regulation (EC) No 443/2009 of the European Parliament and of the Council (notified under document C(2014) 7877) (Only the Dutch, English, French, German, Italian, and Swedish texts are authentic) (2014/770/EU) THE EUROPEAN COMMISSION, Having regard to the Treaty on the Functioning of the European Union, Having regard to Regulation (EC) No 443/2009 of the European Parliament and of the Council of 23 April 2009 setting emission performance standards for new passenger cars as part of the Community's integrated approach to reduce CO2 emissions from light-duty vehicles (1), and in particular the second subparagraph of Article 8(5) and Article 10(1) thereof, Whereas: (1) The Commission is required, pursuant to Article 8(5) of Regulation (EC) No 443/2009, to confirm each year the average specific emissions of CO2 and the specific emissions target for each manufacturer of passenger cars in the Union as well as for each pool of manufacturers formed in accordance with Article 7(1) of that Regulation. On the basis of that confirmation, the Commission is to determine whether manufacturers and pools have complied with the requirements of Article 4 of that Regulation. (2) Pursuant to Article 4 of Regulation (EC) No 443/2009 the average specific emissions of manufacturers for 2013 are calculated in accordance with the second paragraph of that Article and take into account 75 % of the manu facturer's new cars registered in that year. -
Dongfeng Motor (489.HK) – Initiation of Coverage 10 January 2013
Dongfeng Motor (489.HK) – Initiation of Coverage 10 January 2013 Dongfeng Motor (489.HK) Automobile Sector 10 January 2013 Research Idea: Moving Up the Gears Target Price HK$15.00 We rate Dongfeng Motor (DFG) a Buy with 12-month target price of 12m Rating Buy HK$15.00. Its sales have dropped since Q3 2012 amid Sino-Japan tensions, 16% upside but we expect a recovery to pre-protest levels in Q1 2013 and growth to DFG – Price Chart (HK$) persist backed by a strong brand lineup. As one of the nation’s leading 22 Bull, HK$20.90 20 automakers, DFG is a good proxy for a secular sector growth story. 18 16 Base, HK$15.00 Three reasons to Buy: 14 12 10 . Sino-Japanese tensions have eased. DF Honda’s sales rebounded to 8 pre-protest levels while DF Nissan’s rebounded to 80% of pre-protest 6 Bear, HK$6.40 Jan12 May12 Sep12 Jan13 May13 Sep13 Jan14 levels in December, well above expectations. Consumer concerns about damage to vehicles should be offset by Sino-Japan auto JVs Price (HK$) 12.96 guaranteeing to repair damage caused during the recent unrest. We Mkt cap – HK$m (US$m) 112,354 (14,494) expect DFG’s sales volume growth to rebound from down 0.8% to +11% in FY13. Free float – % (H-share) 100.00 3M avg. t/o– HK$m (US$m) 299.5 (38.6) . Strong brand lineup can facilitate market-share gains. DFG has Major shareholder (%) three JVs and a comprehensive range of well-received models, which should help minimize sales fluctuations. -
2016 Annual Report
東風汽車集團股份有限公司 DONGFENG MOTOR GROUP COMPANY LIMITED Stock Code: 489 2016 Annual Report * For identification purposes only Contents Corporate Profile 2 Chairman’s Statement 3 Report of Directors 7 Management Discussion and Analysis 42 Profiles of Directors, Supervisors and Senior Management 51 Report of the Supervisory Committee 59 Corporate Governance Report 61 Independent Auditor’s Report 84 Consolidated Income Statement 91 Consolidated Statement of Comprehensive Income 92 Consolidated Statement of Financial Position 93 Consolidated Statement of Changes in Equity 95 Consolidated Statement of Cash Flows 97 Notes to the Financial Statements 100 Five Year Financial Summary 189 Corporate Information 191 Notice of Annual General Meeting and Relating Information 192 Definitions 208 Corporate Profile Dongfeng Peugeot Citroën Sales Co., Ltd. Dongfeng Peugeot Citroën Auto Finance Co., Ltd. Dongfeng (Wuhan) Engineering Consulting Co., Ltd. Dongfeng Motor Investment (Shanghai) Co., Ltd. Dongfeng Off-road Vehicle Co., Ltd. Dongfeng Motor Co., Ltd. Dongfeng Nissan Auto Finance Co., Ltd. China Dongfeng Motor Industry Import & Export Co., Ltd. Limited Dongfeng Motor Finance Co.,Ltd. Dongfeng Getrag Automobile Transmission Co., Ltd. Dongfeng Renault Automobile Co., Ltd. Dongfeng Liu Zhou Motor Co., Ltd. Dongvo (Hangzhou) Truck Co., Ltd. Honda Motor (China ) Investment Co.,Ltd. Motor Group Company Dongfeng Honda Auto Parts Co., Ltd. ), the predecessor of Dongfeng Motor Corporation and the parent of the the parent of Corporation and of Dongfeng Motor the predecessor ), Dongfeng Honda Engine Co., Ltd. Dongfeng Honda Automobile Co., Ltd. Dongfeng Dongfeng Peugeot Citroën Automobile Co., Ltd. Dongfeng Commercial Vehicle Co., Ltd. Dongfeng Electrical Vehicle Co., Ltd. 第二汽車製造廠 Dongfeng Special Purpose Commercial Vehicle Co., Ltd. -
GB Gravure Int Michelin RAD
2012 ANNUAL AND SUSTAINABLE DEVELOPMENT REPORT WHAT MAKES US DIFFERENT MAKES US BETTER MICHELIN PERFORMANCE AND RESPONSIBILITY CONTENTS PROFILE AND STRATEGY 04 – Interview with Jean-Dominique Senard 08 – Managing Partner and Executive Committee 10 – Supervisory Board Throughout this document, 12 – Horizon 2015 you can scan QR codes like 14 – PRM 2002-2012 this one to watch additional videos on your smartphone equipped with the appropriate reader app. The same content may be viewed at www.michelin.com/corporate. SIX STRENGTHS THAT MAKE A DIFFERENCE 18 – I. Aligned, Committed Teams 22 – II. Technology Leader 26 – III. A Premium Positioning 30 – IV. The Leader in Specialty Tires 34 – V. A Robust Balance Sheet 36 – VI. A Balanced Global Growth Dynamic SIX LEVERS TO CREATE SUSTAINABLE VALUE The 2012 Registration Document, 42 – I. Sharing Strong Ethical Values including the Annual Financial Report, 44 – II. Encouraging Personal Commitment is available upon request in French and English from the Michelin Investor 47 – III. Cultivating a Spirit of Initiative Relations Department, or on www. and a Passion for Innovation michelin.com/corporate. 51 – IV. Focusing on Sustainable Profi tability 54 – V. Working for the Future of our Planet 58 – VI. Working for a Better Society 2012 PERFORMANCE WE SUPPORT THE GLOBAL COMPACT 64 – Governance: Updating By pledging to support the United the Partnership Limited by Shares Nations Global Compact, Michelin has committed 66 – Michelin and its Shareholders to upholding and applying 67 – 2012 Results ten universal principles in the areas of human rights, labor, 68 – Financial Highlights the environment and anti-corruption. 80 – Awards and Distinctions DEVELOPMEN BLE T RE INA PO TA RT US S D N A L A U N N A 2 1 0 2 – N I L WHAT MAKES E H C I M US DIFFERENT MAKES US BETTER WHETHER THEY COME FROM INDIA, CHINA, FRANCE OR SOMEWHERE ELSE, WHETHER THEY HAVE BEEN WITH MICHELIN FOR OVER 30 YEARS OR LESS THAN A YEAR, OUR EMPLOYEES ARE DISTINCTIVE IN THE DIVERSITY OF THEIR ORIGINS AND SKILLS, BUT UNITED AS MEMBERS OF THE GLOBAL MICHELIN COMMUNITY. -
Feasibility Study and Strategy Analysis of Low
E3S Web of Conferences 275, 02011 (2021) https://doi.org/10.1051/e3sconf/202127502011 EILCD 2021 Feasibility study and strategy analysis of low-carbon operation of large-scale sports events under the green development model: an example of building a "racing city" in Wuhan Yi Ke1,* 1School of Physical Education and Equestrian, Wuhan Business University, Wuhan, China Abstract. China emphasizes the need to establish a new development concept of innovation, coordination, green, openness and sharing, and to promote green and low-carbon transformation. Hubei Province is also accelerating the promotion of green and low-carbon development and continuously improving its sustainable development capacity. Wuhan, as the capital of Hubei province, is the city of car-making and the future city of racing. This paper mainly uses the literature method and fieldwork method to conduct the study and the author believes that under the green development model, through the low-carbon event operation means, the large-scale auto event will become a unique auto event brand IP, which will help expand the influence of the city, promote the low-carbon development of auto industry and sports industry, and lead the public to actively embrace the low-carbon and green lifestyle. 1 Introduction Table 1. Basic information of major passenger car enterprises In the general debate of the 75th session of the UN in Wuhan General Assembly, President Xi Jinping clearly Production and sales No. Passenger car OEMs proposed that "China will increase its national volume in 2020 contribution, adopt more vigorous policies and measures, strive to peak CO2 emissions by 2030, and strive to 1 Dongfeng Honda 850307 units achieve carbon neutrality by 2060, emphasizing that all 2 SAIC-GM Wuhan 482178 units countries should promote green and low-carbon Dongfeng Peugeot 3 50,267 units transformation to build a community of human destiny. -
CORPORATION 2050 Building to Last – Leading to Adapt
ESMT ANNUAL FORUM 2014 ESMT EUROPEAN SCHOOL OF MANAGEMENT AND TECHNOLOGY CORPORATION 2050 Building to last – leading to adapt July 3, 2014 ESMT Annual Forum 2014 1 ESMT ANNUAL FORUM 2014 ESMT ANNUAL FORUM 2014 2050: A CONNECTED GLOBAL SOCIETY AIMING AT A CLEAN PLANET The first things that come digital means. A large number of universities are currently to mind while thinking experimenting with MOOCs, or Massive Open Online Courses, ahead to the year 2050 which offer modules to those who have had no access to usually have to do with learning thus far or who wish to balance their knowledge ourselves in relation to deficits. There have been MOOC courses with hundreds of future developments. Quite thousands of international users – what initially looked like legitimately, we wonder hype may turn into a serious learning method that includes about what condition the learners from all generations. world will be in when we have reached retirement Globalized universities CONTENTS age and about the issues In any discussion regarding the future of learning, globalization that will arise along the is central. Currently, more than 90 percent of ESMT’s full-time way. The ESMT Annual Forum 2014 will by no means find students are from outside Germany. Eight of the world’s top 10 1 Welcome answers to all the questions involved – even the attempt would executive MBA programs take place on more than one continent. 2 Program overview be presumptuous. Instead, we will focus on subject areas that Business schools, including ESMT, are cooperating in international 3 Campus plan are certain to dominate in the future. -
CO2 Emissions Performance of Car Manufacturers in 2011
CO2 emissions performance of car manufacturers in 2011 Executive summary Executive summary The European Environment Agency (EEA) is For evaluating the progress of manufacturers supporting the European Commission in the towards their targets, the EEA is collecting and monitoring of the CO2 performance of passenger cars, quality checking data on CO2 emissions from in accordance with the Regulation (EC) 443/2009. This passenger cars registered in all Member States of Regulation sets an emission target for new passenger the European Union since 2010. Using the Member cars for the year 2015 (130 g CO2/km) — phased in State data, this note provides an overview of the from 2012 — and for the year 2020 (95 g CO2/km). performance of cars manufacturers in meeting their Starting from 2012, a specific binding CO2 target is CO2 emissions targets. calculated for each manufacturer every year based on the average mass of its fleet (Annex 1). In July 2012, Data collected reveal that in 2011 the majority of the Commission proposed to amend the regulation the car manufacturers are already well on track to with a view to defining the modalities for reaching achieve the CO2 emission target set for 2012. the 2020 target to reduce CO2 emissions from new passenger cars. CO2 emissions performance of car manufacturers in 2011 3 Calculating the CO2 emissions performance of car manufacturers 1 Calculating the CO2 emissions performance of car manufacturers 1.1 CO average specific emissions To reduce CO2 emissions in the road transport 2 sector, the European Parliament and the Council adopted Regulation (EC) No 443/2009 introducing Average specific emissions of CO2 are calculated as a mandatory CO2 emission performance standards for weighted average of the manufacturer's fleet. -
France Carlos Tavares Défend À Nouveau Le Diesel
BRÈVES DE 10H30 2015/04/21 FRANCE CARLOS TAVARES DÉFEND À NOUVEAU LE DIESEL COMME SOLUTION À MOYEN TERME POUR LUTTER CONTRE LE RÉCHAUFFEMENT Interrogé sur le diesel par un groupe de journalistes en marge du Salon de Shanghaï, le président de PSA Peugeot Citroën Carlos Tavares a expliqué que tout le débat sur cette motorisation venait de Paris. Mme Hidalgo « nous dit qu’elle voudrait se débarrasser de l’énergie fossile, mais je pense que le vrai problème, c’est qu’elle a envie de se débarrasser des voitures à Paris […] Moi, je n’ai rien contre, mais il suffit de nous afficher clairement la couleur », a indiqué M. Tavares. « Ce qu’on a essayé d’expliquer aux députés : qu’il y ait une transition vers de la mobilité propre, c’est une évidence. La transition qui est en train de se dessiner qui serait moins de diesel et plus d’électrique, c’est tout à fait honorable, mais si on veut véritablement traiter la problématique du réchauffement climatique, la seule bêtise à ne pas faire c’est de tuer le diesel maintenant », a ajouté le dirigeant. (AFP) Par Alexandra Frutos BOUYGUES CONSTRUCTION RETIENT PSA ET RENAULT POUR SES 11 000 VOITURES DE FONCTION Bouygues Construction a annoncé a retenu PSA Peugeot Citroën et Renault pour le renouvellement de sa flotte de quelque 11 000 véhicules de fonction. Cette sélection est intervenue suite à un appel d’offres lancé, comme tous les trois ans, auprès de tous les constructeurs mondiaux présents en France, précise l’entreprise dans un communiqué. -
News Release June 22, 2021 No
News Release June 22, 2021 No. 52/21 More distinctive and dynamic than ever: the new 2022 Porsche 911 GTS models Five model variants are being added to the successful 911 range Atlanta. Twelve years ago, the very first GTS version of the 911 was introduced – featuring a series of very targeted modifications that, when brought together combined to make a difference – as a more focused, more dynamic and faster 911 that retained the subtly and usability of the car on which it was based. Following a familiar theme, a new generation of the popular sports car model is being launched. More powerful and visually distinctive, and with better driving dynamics than ever, the six-cylinder boxer engine at the heart of the 911 GTS delivers 473 hp, which is 30 hp more than the current 911 Carrera S and 23 hp over the previous 911 GTS. Torque rises to 420 lb-ft. The result of this extra potency is a zero to 60 mph sprint of just 3.1 seconds in the case of the 911 Carrera 4 GTS coupe equipped with the eight-speed Porsche dual-clutch transmission (PDK): three tenths faster than its predecessor. A seven-speed manual transmission with a gear lever shortened by 10 millimeters is available for all 911 GTS models as an alternative to the PDK. The 911 GTS is available in five variants: 911 Carrera GTS with rear-wheel drive, as Coupe and Cabriolet 911 Carrera 4 GTS with all-wheel drive, as Coupe and Cabriolet 911 Targa 4 GTS with all-wheel drive Public Relations Department 1 of 5 Public Relations Department Product Communications Product Communications Frank Wiesmann Luke Vandezande Phone +1.770.290.3414 Phone +1.770.290.3834 [email protected] [email protected] News Release June 22, 2021 No. -
Consolidated Financial Statements 2020
CONSOLIDATED FINANCIAL STATEMENTS 2020 Unaudited document - The audit report relating to the certification of the consolidated accounts is in the process of being issued 1 4.2 CONSOLIDATED FINANCIAL STATEMENTS 4.2.1 CONSOLIDATED INCOME STATEMENT .......................................................................... 3 4.2.2 CONSOLIDATED COMPREHENSIVE INCOME .................................................................. 4 4.2.3 CONSOLIDATED FINANCIAL POSITION........................................................................... 5 4.2.4 CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY ................................................. 7 4.2.5 CONSOLIDATED CASH FLOWS ....................................................................................... 8 4.2.6 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ............................................. 9 4.2.6.1 Information on operating segments and regions 9 A - Information by operating segment ............................................................................................................ 10 A1 - Consolidated income statement by operating segment ........................................................................ 10 A2 - Consolidated financial position by operating segment .......................................................................... 11 A3 - Consolidated cash flows by operating segment .................................................................................... 13 A4 - Other information for the Automotive segments: net cash position (net financial