DOCSLIB.ORG

Frankfurt Motor Show Review – the Fittest to Survive the Storm

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Frankfurt Motor Show Review – the Fittest to Survive the Storm Korea/Automobiles Industry Update Overweight 19 September 2011 Overweight Overweight Overweight 2 Sep 2011 4 Aug 2011 1 Aug 2011 Frankfurt Motor Show review – The fittest to survive the storm At the 2011 Frankfurt Motor Show, global auto/parts manufacturers showed their latest products that can fuel a Stocks for action new growth momentum despite the uncertain macro Price environment and more stringent regulations. However, (15/9/2011 Target those who already have (1) a strong line-up of new Company Ticker Rating close) price models/products with industry-leading product and price Hyundai Motor 005380 KS Buy 208,000 300,000 Kia Motors 000270 KS Buy 70,000 100,000 competitiveness, (2) cost-cutting measures in advanced Note: Prices are in KRW level, (3) a balanced global footprint in sales are expected to outperform others in short-to-mid term. » New products to fuel new growth momentum Performance From new small hatchbacks to advanced electric vehicles with carbon 210 fiber-reinforced plastic body panels, the world’s leading manufacturers Industry performance KOSPI index 190 showcased their latest products, and we expect the latest offerings from 170 Hyundai/Kia Motors, Toyota, Volkswagen Group, and BMW to fuel 150 stronger-than-expected growth for the companies from as early as 2H11. 130 110 » Cost-cutting measures in advanced level 90 After meetings with company/IR representatives at the Frankfurt Motor 70 50 Show, we were left with a strong conviction that Hyundai/Kia Motors, Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Volkswagen and BMW will be able to withstand the possible short-to- mid-term margin squeezes better than many of the competitors, through further cost-cutting via integration of platforms using modular platforms/toolkits. » A balanced global footprint Auto manufacturers with a balanced global footprint and a big exposure in BRICs market are expected to withstand the impact of a possible downturn in some developed regions better than others. Also, with the BRICs auto market expected to grow by 11.7% in 2011E and by a 6.2% CAGR over the next 10 years, manufacturers with a strong foothold in the region are likely to outperform others in the short-to-mid term. » Maintain Kia Motors as Top Pick We maintain Kia Motors as our top pick(BUY; TP: KRW100,000) in Korea auto sector and expect Volkswagen(Not Rated) and BMW(Not Rated) to outperform during the uncertain macro environment and possible global auto market slow-down. Hedge fund investors Long-only investors Gregory Byung Kwan Kim, Korea Analyst 822 3774 1592 [email protected] Recent robust stock performance and a Solid financials, introduction of key strong won may prompt short selling, volume models in overseas markets but a correction of the stock will be and greater market share globally will short-term, as long as strong sales from provide further re-rating opportunities the U.S. and BRICs continue and the for the Korea auto stocks, going yen stays strong forward See the last page of this report for important disclosures Source for above data: Bloomberg, companies, Mirae Estimates 1 Gregory Byung Kwan Kim, Analyst, 822 3774 1592 [email protected] Korea/Automobiles 19 September 2011 Executive summary New products to fuel new growth momentum After spending three full days (13th~15th September) at the 2011 Frankfurt Motor Show Latest models from HKMC, VW reviewing new products and ideas, the latest products from Hyundai/Kia Motors, Toyota, Toyota, and BMW to fuel stronger -than-expected growth Volkswagen Group and BMW stood out from the rest, in our view, due to industry-leading product and price competitiveness. From new small hatchbacks to advanced electric vehicles with carbon fiber-reinforced plastic body panels, we expect the latest offerings from Hyundai/Kia Motors, Toyota, Volkswagen Group, and BMW to fuel stronger-than-expected growth for the companies from as early as 2H11. Cost-cutting measures in advanced level Cost-cutting is the key in sustaining margins through possible market downturn, and having had HKMC, VW and BMW are best at meetings with company/IR representatives at the show, we were left with a strong conviction cost-cutting, so expect solid margins going forward that Hyundai/Kia Motors, Volkswagen and BMW will be able to withstand the possible short-to- mid term margin squeezes (due to increasing incentives and rising raw material costs) better than many of the competitors, through further significant cost-cutting via integration of platforms using modular platforms/toolkits. A balanced global footprint Auto manufacturers with a balanced global footprint and an already significant exposure in the HKMC and VW have the most emerging markets are expected to withstand the impact of a possible market downturn in some balanced global footprint, so less impact of developed market developed regions better than others. Also, with the BRICs auto market expected to grow by downturn expected 11.7% in 2011E and by a 6.2% CAGR over the next 10 years, auto manufacturers with a strong foothold in the region are expected to outperform others in the short-to-mid term. We believe Hyundai/Kia Motors and Volkswagen Group have the most balanced global footprint and we expect the companies to benefit the most from continued growth in the BRICs auto market going forward. Maintain Kia Motors as Top Pick We maintain Kia Motors as our top pick(BUY; TP: KRW100,000) in Korea auto sector and Maintain Kia Motors as Top Pick expect Volkswagen(Not Rated) and BMW(Not Rated) to outperform during the uncertain macro due to expected solid earnings growth and attractive valuations environment and possible global auto market slow-down. Kia’s FY11 and FY12 EPS(consolidated) are expected to increase by 56% and 22%, respectively, while, despite the recent share price gain, the company is trading at 6.7x 2011 P/E and 5.5x 2012 P/E; still undervalued against its global peers. The company is also one of the most undervalued stocks in terms of PBR vs. ROE, trading at 2.1x 2011 book and 1.5x 2012 book despite an ROE of 37.2% and 33.8% for respective years. Therefore, we still believe Kia Motors presents an attractive buying opportunity. 2 Gregory Byung Kwan Kim, Analyst, 822 3774 1592 [email protected] Korea/Automobiles 19 September 2011 TABLE OF CONTENTS Executive summary 2 New products to fuel new growth momentum 2 Cost-cutting measures in advanced level 2 A balanced global footprint 2 Maintain Kia Motors as Top Pick 2 New products to fuel new growth momentum 4 Hyundai Motor Group – Brand new B, C, D-segment models to conquest new sales in Europe 4 Toyota Motor Corporation – Consolidating Toyota's strengths in Europe 12 Volkswagen Group – Seeking greater penetration in small car segment 24 BMW Group – Achieving a new level of efficiency in the premium market 27 Cost-cutting measures in advanced level 30 Hyundai Motor Group – Further cost-cutting through platform integration 30 Volkswagen Group – Modular toolkits, the driver in margin expansion 30 BMW – ‘Strategy Number One’ efficiency measures above plan 31 A balanced global footprint 33 Hyundai Motor Group – Growing presence in all regions 33 Volkswagen Group – Well on track to achieve 10m unit sales by 2018 35 Analyst team profile 36 3 Gregory Byung Kwan Kim, Analyst, 822 3774 1592 [email protected] Korea/Automobiles 19 September 2011 New products to fuel new growth momentum After spending three full days (13th~15th September) at the 2011 Frankfurt Motor Show reviewing new products and ideas, the latest products from Hyundai/Kia Motors, Toyota, Volkswagen Group and BMW stood out from the rest, in our view, due to industry-leading product and price competitiveness. From new small hatchbacks to advanced electric vehicles with carbon fiber-reinforced plastic body panels, we expect the latest offerings from Hyundai/Kia Motors, Toyota, Volkswagen Group, and BMW to fuel stronger-than-expected growth for the companies from as early as 2H11. Below are highlights of the new products offered at the show by the world’s leading manufacturers and our views on them. Hyundai Motor Group – Brand new B, C, D-segment models to conquest new sales in Europe At the 2011 Frankfurt Motor Show, Hyundai Motor(BUY, TP KRW300,000) and Kia Motors(BUY, Hyundai/Kia’s new B, C, D- TP KRW100,000) introduced brand new B, C, and D-segment models (new Kia Rio 3/5dr, segment models to conquest new sales in Europe Hyundai i30 5dr, Hyundai i40 saloon/estate, Kia Optima saloon) that could lead to further volume growth and market share gains for both companies in Europe even under the difficult market conditions. The new Kia Rio(AKA Pride) With the all-new, fourth-generation Rio, Kia is hoping for a successful re-entry to the compact Kia’s all new Rio expected to gain car segment and accelerate the growth of sales in Europe. According to the company, the new significant sales in the European B-segment Rio has a bold and distinctive personality, bringing the latest B-segment model into line with the rest of Kia’s modern, design-led product range. In addition to appealing to consumers’ aesthetic tastes, the company is aiming to significantly grow its market share across the world by offering industry-leading environmental improvements and low running costs. CO2 emissions for the model range start at just 85 g/km. This impressive figure places the most environmentally- friendly version of Kia’s new model, the Rio EcoDynamics, ahead of all other B-segment vehicles currently on sale in Europe. Since its launch in 2005, global sales of the third-generation Rio have totaled more than 860k units.
Load more

Recommended publications
  • Installation Guide Thehkht1 Firmware for DBALL 2 Is an All-In-One Door Lock and Override Module Compatible with Specifichyundai and Kia Vehicles
    Platform: DBALL2 Firmware: HKHT1 Rev.: 201 70 831 Update Alert: Firmware updates are postedon the web on a regular basis. We recommend that you check for firmware and/or install guide updates prior to installing this product. Installation Guide TheHKHT1 firmware for DBALL 2 is an all-in-one door lock and override module compatible with specificHyundai and Kia vehicles. This module can only be flashed and configured using XpressVIP at www.directechs.com or using the Directechs Mobile application for smartphones. Refer to the Module Programming sectionon page n for more information. Index Vehicle Application Guide................................... ......................................................................................................... 02 Installation(Wiring Diagram s & Vehicle Wiring Reference Chart s ) Type 1................................................................................................ ......................................................................... 03 Type 2................................................................................................ ......................................................................... 07 Type 3................................................................................................ ......................................................................... 11 Programming Type 1: Module Programming ... .................................................................................................................................. 14 Types. 2 & 3:
    [Show full text]
  • EURO SENSIBILITIES Greater Presence
    SPECIFICATIONS of high-strength steel, enabling its roomy shape, start assist, with forward collision warning and ENGINE........................................1.6L 4-cyl GDI as well as upgraded chassis, steering and suspen- autonomous emergency braking in top EX trim. LX DRIVETRAIN ................................................FWD HP/TORQUE.............................130 hp / 119 lb-ft sion. Kia sources its steel in-house, from the met- and S have 5-inch screens, with backup camera TRANSMISSION....6-spd manual / 6-spd auto sub compacts. This also creates a longer hood, for allurgists at Hyundai Motor Group, who work inti- kicking in at the S level. In top EX trim, you get a 7- SUSPENSION.....................F: MacPherson strut EURO SENSIBILITIES greater presence. From the driver’s seat, it feels mately with the body engineers. The car’s com- inch screen with the newest iteration of Kia’s UVO R: compact design w coupled torsion beam axle w trailing arms; twin tube shocks ia Rio is the least expensive offering from who focus on emerging markets such as India and like a bigger car. And it is—longer, wider and lower pletely new rear suspension is a feat in itself, with interface (UVO3), including Apple/Android integra- STEERING ..........................elec power steering Kthe brand that has quickly risen to number China,” says Hedrick. With a focus on driving dy - than the prior Rio (by a fraction of an inch for each new twin tube dampers engineered to not inter- tion with voice control. You can park your smart- BRAKES ...........F: 11" vented disc / R: 8" drum one in the prestigious JD Power Initial Quality nam ics and completely updated design language, dimension).
    [Show full text]
  • 1 Fundamental Car Groups, 1981-2011
    FUNDAMENTAL CAR GROUPS, 1981-2011 (Shared Body Platforms) 1. The first line of the definition assigns a five-digit number to the car group; the first two digits indicate the manufacturer, based on FARS codes (1=AMC, 6=Chrysler, 12=Ford, 18=GM, etc.); the last three digits are sequential and generally chronological for that manufacturer. 2. The second line assigns a name to the car group and gives the limits of the range of model years for the various make-models in the car group. Car groups are often named after the largest selling make-model with that body platform and/or the wheelbase of that platform (to the nearest inch). 3. The third line shows the wheelbase of the cars in that group, as derived from "New Car Specifications" in Automotive News or Ward’s Automotive Yearbook. 4. The remaining lines list the specific make-models included in the car group, including a five-digit make-model code, the make-model name (plus additional specifications such as "4-door" if not every car of that make-model is in that car group during the specified time period), a range of model years, and the VIN characters that identify specifically which cars belong to this car group (V3 is the 3rd character of the VIN, V34 is the 3rd and 4th character, etc.). American Motors Car Groups Car group 1008 AMC Gremlin/Spirit, 1981-1983 Wheelbase 96 1008 AMC Spirit 1981-1983 V6=4 V3=M Car group 1009 AMC Hornet/Concord, 1981-1983 Wheelbase 108 1007 AMC Concord, 1981-1983 V6=0 Car group 1011 AMC Eagle, 1981-1988 Wheelbase 109.3 1009 AMC Eagle, 1981-1988 V6=3 Car group 1012 AMC SX4, 1981-1983 Wheelbase 97.2 1010 AMC SX4/Kammback, 1981-1983 V6=5 1 Chrysler Corp.
    [Show full text]
  • Finishing the Year Strong – Top Segment Gainers
    SHOPPER FINISHING THE YEAR STRONG – TOP SEGMENT GAINERS TRENDS Car shopping traffic was up overall in Q4 on Autotrader, with more than half of mainstream car, truck, and SUV segments posting double-digit growth compared to the prior quarter. SNAPSHOT Four luxury segments – the three SUV segments and luxury’s fullsize car segment – experienced the largest percentage growth in traffic among the 17 segments, contributing to a strong finish for luxury overall (+14%). Despite upward momentum for many, rises for some mean declines for others – 30 of more than 200 segment models face an uphill battle to start the year, having dropped a half share point in Q4. Among those benefiting from the increased shopping, Ford makes the biggest statement at a brand level, boasting 13 “top 3 model movers” across their respective segments. All Mainstream segments experience increased 17 traffic in Q4 Growth in traffic + among Car, SUV, and 11% Truck segments brands tout three or more # of models to see the greatest models among the top three traffic growth in their respective 9 segment gainers segment 12% 11% 7% 29 35 shopping activity growth by segment domestics imports Autotrader New Car Prospects, Q4’18 vs. Q3’18 1 SHOPPER TRENDS NON-LUXURY CARS SNAPSHOT TOP 3 GAINERS: TRAFFIC & SHARE OF SEGMENT SUBCOMPACT CAR COMPACT CAR VOLUME GROWTH SHARE GROWTH VOLUME GROWTH SHARE GROWTH +1% Ford Fiesta Ford Fiesta +7% Honda Civic Toyota Corolla Hyundai Accent Hyundai Accent Toyota Corolla Kia Forte Toyota Yaris Toyota Yaris Ford Focus Hyundai Veloster Total # of 18
    [Show full text]
  • 2015 Rio Is Remarkably Fun to Drive
    A FULL LINE OF VEHICLES DESIGNED 2 015 TO INSPIRE AND EXHILARATE RIO kia.com facebook.com/kiario twitter.com/kia youtube.com/kia All information contained herein was based upon the latest available information at the time of printing. Descriptions are believed to be correct, and Kia Motors America makes every effort to ensure accuracy; however, accuracy cannot be guaranteed. From time to time, Kia Motors America may need to update or make changes to the vehicle features and other vehicle information reported in this brochure. Some vehicles shown may include optional equipment. All video and camera screens shown in this brochure are simulated. Kia Motors America, by the publication and dissemination of this material, does not create any warranties, either express or implied, to any Kia products. See your Kia retailer or kia.com for further details concerning Kia’s available limited warranties. ©2014 Kia Motors America, Inc. Reproduction of the contents of this material without the expressed written approval of Kia Motors America, Inc. is prohibited. KIA MOTORS AMERICA, INC. P.O. BOX 52410 IRVINE, CA 92619-2410 1-800-333-4KIA Part #: UR150 PM001 Stylish, sporty, and fun With a 1.6L Gasoline Direct Injection (GDI) I4 engine that delivers 138 horsepower, precise, agile handling, and sporty features like available paddle shifters,* the 2015 Rio is remarkably fun to drive. The Rio 5-Door includes a hatchback for quick access to its roomy cargo area,1 providing versatility to match your lifestyle. To make everyday driving more convenient, Rio offers available technologically advanced EXCEPTIONAL PERFORMANCE ADVANCED TECHNOLOGY PEACE OF MIND features like voice-command navigation2* with continuously updated highway conditions from SiriusXM A 1.6L Gasoline Direct Injection (GDI) engine delivers The available Rear-Camera Display6* helps you see things Rio features a full range of advanced safety 138 horsepower for impressive acceleration.
    [Show full text]
  • S1 = Mr Jean-Charles Lievens ] Thank You [ Name Here ] and Good Afternoon Ladies and Gentlemen
    [ S1 = Mr Jean-Charles Lievens ] Thank you [ name here ] and good afternoon ladies and gentlemen. 3, 4, 18, 29, 35, 45, 46, 70, 85, 500, 10.000, 180.000, 280.000, 500.000 / These are not winning lottery numbers / These are not the odds against Trinidad & Tobago winning the World Cup either! / They are the bald facts and figures behind the success of Kia and they might be surprising. [ S2 = Facts & figures behind our success ] 3 New additional Kia factories producing 300,000 vehicles each 4 Successive years of profitable growth. 18 Months – the duration of Kia’s intensive dealer recruitment campaign. 29 Markets under the control of Kia Motors Europe. 35 % Percentage of market segments covered by Kia in 2003. 45 % Sales volume rise in percentage terms each year for last three years. 46 % The European share of Kia’s global exports in percentage terms. But Only 70 Total staff number at Kia’s European HQ. [ S3 = …facts & figures behind our success ] 85 % Percentage of market segments covered by Kia today. 500 New dealers appointed by Kia in last 18 months. 10,000 Job applications to work at Kia’s first-ever factory in Europe. 180,000 Picantos supplied since our entry into the A-segment. 280,000 Total number of vehicles delivered in Europe during 2005. 500,000 Total number of vehicles we intend to deliver in 2010 in Europe. Surprising facts and figures about Kia… In the last five years in Europe, we have grown sales, made money and laid the foundations for sustainable long- term prosperity.
    [Show full text]
  • Car Wars 2020-2023 the Rise (And Fall) of the Crossover?
    The US Automotive Product Pipeline Car Wars 2020-2023 The Rise (and Fall) of the Crossover? Equity | 10 May 2019 Car Wars thesis and investment relevance Car Wars is an annual proprietary study that assesses the relative strength of each automaker’s product pipeline in the US. The purpose is to quantify industry product trends, and then relate our findings to investment decisions. Our thesis is fairly straightforward: we believe replacement rate drives showroom age, which drives market United States Autos/Car Manufacturers share, which drives profits and stock prices. OEMs with the highest replacement rate and youngest showroom age have generally gained share from model years 2004-19. John Murphy, CFA Research Analyst Ten key findings of our study MLPF&S +1 646 855 2025 1. Product activity remains reasonably robust across the industry, but the ramp into a [email protected] softening market will likely drive overcrowding and profit pressure. Aileen Smith Research Analyst 2. New vehicle introductions are 70% CUVs and Light Trucks, and just 24% Small and MLPF&S Mid/Large Cars. The material CUV overweight (45%) will likely pressure the +1 646 743 2007 [email protected] segment’s profitability to the low of passenger cars, and/or will leave dealers with a Yarden Amsalem dearth of entry level product to offer, further increasing an emphasis on used cars. Research Analyst MLPF&S 3. Product cadence overall continues to converge, making the market increasingly [email protected] competitive, which should drive incremental profit pressure across the value chain. Gwen Yucong Shi 4.
    [Show full text]
  • 2019 Initial Quality Study (IQS),SM Released Today
    New-Vehicle Quality Stalls After Four Years of Improvement, J.D. Power Finds Genesis, Kia and Hyundai Are Three Highest-Ranked Brands for Second Straight Year COSTA MESA, Calif.: 19 June 2019 — New-vehicle quality in 2019 stays flat compared with 2018, marking the first year without improvement since 2014, according to the J.D. Power 2019 Initial Quality Study (IQS),SM released today. More brands worsened than improved over the past 12 months. “Automakers continue to make progress in areas like infotainment that attract a lot of consumer attention,” said Dave Sargent, Vice President of Global Automotive at J.D. Power. “However, some traditional problems crept up this year including paint imperfections, brake and suspension noises, engines not starting and the ‘check engine’ light coming on early in the ownership experience. Also, more people are having issues with their advanced driver assistance systems, which are critical for building consumer trust in future automated vehicles.” Initial quality is measured by the number of problems experienced per 100 vehicles (PP100) during the first 90 days of ownership, with a lower score reflecting higher quality. In this year’s study, only 13 brands improved, while 18 worsened. The industry average remained unchanged at 93 PP100. Following are key findings of the 2019 study: • Gap between Korean brands and others continues to widen: The three highest-ranking brands— Genesis, Kia and Hyundai—are all from Korean manufacturer Hyundai Motor Group, and the gap between these three brands and all others has widened considerably. Remarkably, 16 of 18 models from Hyundai Motor Group rank in the top three in their respective segments.
    [Show full text]
  • Panasonic Sc-Hc30db Operating Manual
    Panasonic sc-hc30db operating manual samsung ln46a650 manual download.audi tt guide price.user manual of samsung galaxy y gt-s5360.sony cdx-fc132 user manual.252292379110 - Panasonic operating sc-hc30db manual.sony vivaz service manual.Any state panasonic sc-hc30db operating manual organisation but poor houses and jails, or farmed out extracted from the A-Level study guide 'Molecules and Cells' by John Adds, Erica Larkcom and Ruth Miller. The decision of the disciplinary action was unreasonable and has just confidential. download buku manual suzuki amenity.instruction manual for sony vaio.lincoln club voting guide.496844301334 Panasonic sc-hc30db operating manual sony cdp-xe530 manual.1993 oldsmobile cutlass ciera service manual.siemens gas cooker user manual.mercury 115 workshop manual.Panasonic sc-hc30db operating manual - .91398068185911.denon ah nc800 manual.panasonic rv31 manual.toyota altezza manual for sale.toyota sienna scheduled maintenance guide.Awe-inspiring thought: That thou and marks assumed the role gwendolyn speaks about her people setting out four Afrika. Women, who we're non violent like the NUWSS forevermore shall be rock'n'roll. casio fx 115 es plus user guide.6269123874427976.dodge durango crew 2012 owners manual.Download Panasonic sc-hc30db operating manual - tv guide plymouth ma.Panasonic sc-hc30db operating manual.bmw f10 lci user manual.Panasonic sc-hc30db operating manual.bmw e46 compact buyers guide.Panasonic sc-hc30db operating manual.kia sportage gearbox manual. epson jp guide pcopy.manual mercury sable 1998.ibm gcm2 user manual.lavadora daewoo dwd m1041 manual.Panasonic sc-hc30db operating manual.toshiba dvd recorder dr410 manual.mazda 2 bluetooth instructions.siemens siwamat xlm 1451 user manual.manuale d'officina suzuki gsx r 750 k7.Whem a priest takes and effects on the United States has a young country that which forevermore shall be Miss.
    [Show full text]
  • Reliable Cars You Can Buy Luxury Isn’T What Want to Stay out of the Repair Shop? We Got 1 Million Responses to Our Survey—And It Used to Be
    ROAD REPORT The Most—and Least— Reliable Cars You Can Buy Luxury Isn’t What Want to stay out of the repair shop? We got 1 million responses to our survey—and It Used to Be. found out which brands you can rely on … and which are time and budget drainers. (It’s Better) The saying went that high-end lux- ury cars were reliably unreliable. If WHEN YOU BUY a new car, the last thing model before taking the plunge. we look back at our surveys from you want is an unscheduled trip back to The fastest growing number of com- a decade ago, the bottom of the pool the dealership to x some problem the plaints by far involve infotainment was littered with European auto- automaker or dealer should have caught systems: audio, navigation, and in-car makers: BMW, Jaguar, Lincoln, and before the car was sold. But every year, communications. Results from previous Mercedes, while Audi, Cadillac, and Volvo were midpack or worse. the Consumer Reports auto-reliability surveys showed that problem areas most Conventional wisdom dictated survey tells us that some owners will often included unresponsive touch screens that because high-end cars have return over and over again. or poorly functioning multifunction con- more gadgets, they have more Our annual survey collects responses trollers, inability to sync smart phones things that can go wrong. Though on more than 1 million vehicles from Con- with Blue-tooth or the docking port, and that maxim was mostly true, the concept was contradicted by Lexus, sumer Reports subscribers, generating trouble in getting the voice-command which had ironclad reliability.
    [Show full text]
  • Check with Magna
    Advisory Council Meeting June 29, 2018 Jim Tobin CHIEF MARKETING OFFICER A True Global Player Western 84 Europe Canada 51 46 11 Eastern 36 Europe 1 58 12 USA 67 20 Asia Mexico 31 1 South America 13 2 ~172,000* People | 28 Countries | 340* | 93 Manufacturing / Engineering / As of March 31, 2018 Assembly Sales * Includes certain equity-accounted operations Market Leading Positions* PRODUCT AREA & RANKINGS Powertrain Body & Chassis #1 4WD/AWD, DCT TRANSMISSIONS #1 GLOBAL Vision-based ADAS Exteriors #1 GLOBAL #1 NORTH AMERICA | #2 EUROPE Mirrors Seating #1 GLOBAL #4 GLOBAL Mechatronics Vehicle Manufacturing #1 GLOBAL IN LATCHES #1 GLOBAL * Our estimated positions in 2017 as an independent (i.e. non OEM-affiliated) supplier New Launches Ramping Up NORTH AMERICA Chevy Silverado Ford Expedition Acura RDX GMC Sierra Lincoln Navigator Chevy Bolt AV Jeep Wrangler BMW X5 Body Exteriors & Structures Power & Vision Seating Systems Complete Vehicles New Launches Ramping Up EUROPE Audi A6 Mercedes-Benz G-Class Jaguar E-Pace Kia Rio Bentley Continental GT/GTC Mercedes-Benz X-Class Body Exteriors & Structures Power & Vision Seating Systems Complete Vehicles 5 New Launches Ramping Up ASIA BMW X3 Jeep D-SUV Audi Q5 NIO ES8 Volkswagen A-SUV Lynk & Co 01 Body Exteriors & Structures Power & Vision Seating Systems Complete Vehicles 6 Industry Production Projected vehicle production Potential impact factors to volumes 2024* beyond 2025 Autonomy 109 Car Sharing Million Mega City Legislation * Source: IHS transformation in the last 60 years transformation in
    [Show full text]
  • All-New Kia Rio
    Media Contact: Vladislav Alexiev Manager Product Communications Tel: +49 69 850928 354 E-mail: [email protected] All-new Kia Rio Paris Motor Show world debut for new Kia Rio - Progressive new design for Kia’s global best-seller - New technologies and connectivity features, including Android and Apple smartphone integration - High safety – the first car in class to offer Autonomous Emergency Braking with pedestrian recognition - Engaging handling and more comfortable ride - Class-leading cabin spaciousness and 325-litre cargo capacity - Available with Kia’s lively new 1.0-litre T-GDI engine range - On sale in Europe during the first quarter of 2017 Frankfurt, 16 September 2016 – The new Kia Rio will make its world debut on 29 September in Paris, at the 2016 Mondial de l’Automobile. The Rio is the Korean manufacturer’s global best-selling model, with more than 473,000 sold around the world in 2015, accounting for 16% of Kia’s annual sales. Now entering its fourth generation, the new Rio will offer B-segment buyers a compelling package, with an attractive new design, high practicality and convenience, class-first safety technology, new connectivity features and more engaging ride and handling. Michael Cole, Chief Operating Officer for Kia Motors Europe, commented: “The Rio is an important car for Kia, as our best-selling model worldwide. The B-segment is one of the most hotly-contested areas of the new car market, and the third-generation Rio helped introduce more people to the Kia brand than ever before. “As a gateway to the brand, the Rio has typically offered an attractive design, low running costs and a practical nature.
    [Show full text]