DOCSLIB.ORG

2019 Universal Registration Document M Por a Global Presence

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Universal Registration Document M Por a Global Presence 20 UNIVERSAL REGISTRATION DOCUMENT Including the annual financial report 19 PSA - GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT -1 CONTENTS MESSAGE OF THE PRESIDENT 2 KEY FIGURES 3 GROUPE PSA 5 CONSOLIDATED FINANCIAL STATEMENTS 1.1. History and highlights of the Company’s business 6 AT 31 DECEMBER 2019 AFR 169 1.2. Organisational structure 7 5.1. Consolidated Statements of Income 170 1.3. Activities and strategy 9 5.2. Consolidated Comprehensive Income 171 1.4. Risk management and internal control 5.3. Consolidated Statements of Financial procedures 21 Position 172 1.5. Risk factors DPEF.B AFR 25 5.4. Consolidated Statements of cash flows 174 1.6. Vigilance plan AFR 45 5.5. Consolidated Statements of Changes in Equity 175 5.6. Notes to the Consolidated Financial DECLARATION ON Statements at 31 December 2019 176 EXTRA-FINANCIAL PERFORMANCE 51 5.7. Supervisory Board’s report: comments by the Supervisory Board on 2.1. Social responsibility: an integral part the Managing Board’s report of the Group’s strategy 52 and on the financial statements 2.2. Embracing environmental issues AFR 55 of the period 258 2.3. Societal commitment to sustainable 5.8. Statutory auditors’ report development AFR 71 on the consolidated financial 2.4. Human resources: driving Groupe PSA statements 260 transformation AFR 77 2.5. Groupe PSA CSR performance 87 PEUGEOT S.A. FINANCIAL 2.6. Report by the independent third party, STATEMENTS FOR THE YEAR on the consolidated non-financial AFR statement included in the Group ENDED 31 DECEMBER 2019 265 Management Report 88 6.1. Income statement for the year ended 2.7. Reporting scope, methodology 31 December 2019 266 and cross-reference tables 91 6.2. Balance sheet at 31 December 2019 267 6.3. Cash flow statements for the year ended 31 December 2019 269 CORPORATE GOVERNANCE AFR 95 6.4. Notes to Peugeot S.A. 3.1. Management and supervisory bodies 96 Financial statements 270 3.2. Compensation of company officers 128 6.5 Company Financial Results for the past five years 286 6.6. Statutory Audit Report on the financial ANALYSIS OF THE BUSINESS statements 287 AND GROUP OPERATING RESULTS 6.7. Statutory Auditors’ Report on related IN 2019 AND OUTLOOK 151 party agreements 291 4.1. Analysis of consolidated interim operating results AFR 152 INFORMATION 4.2. Financial position and cash AFR 155 ABOUT THE COMPANY 4.3. Parent-company results AFR 157 AND ITS SHARE CAPITAL 295 4.4. Major contracts 159 7.1. Information on Peugeot S.A. AFR 296 4.5. Investment 7.2. Information on the share capital AFR 298 in research & development AFR 162 7.3. Ownership structure AFR 301 4.6. Recent events and outlook RFA 168 7.4. Corporate financial instrument markets 303 ADDITIONAL INFORMATION 305 8.1. Persons responsible for the Universal Registration Document AFR 306 8.2. Historical financial information 307 8.3. Documents available to the public 307 8.4. Persons responsible for auditing the accounts AFR 308 8.5. Cross-reference tables 309 Annual Financial Report elements are clearly identified in this table of contents with the sign AFR UNIVERSAL REGISTRATION DOCUMENT including the annual financial report This Universal Registration Document, which contains all the information found in the Management Report, was filed on 21 April 2020 with the Financial Markets Authorities (AMF), the relevant body, in accordance with Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of said regulation. It may be used for the purposes of a public offering of financial securities or the admission of securities to trading on a regulated market if it is supplemented by a prospectus and, where relevant, a summary and all the amendments made to the Universal Registration Document. The entire document filed is approved by the AMF in accordance with Regulation (EU) 2017/1129. It was prepared by the issuer and is the responsibility of the person whose Signature appears therein. It contains all of the information concerning the Annual Financial Report. GROUPE PSAGROUPE - 2019 PSAUNIVERSAL - DOCUMENT REGISTRATION DE RÉFÉRENCE DOCUMENT 2016 1 MESSAGE OF THE CHAIRMAN OF THE MANAGING BOARD While the start of 2020 is marked by a brutal health record highs, with an adjusted operating margin of crisis, our Group is following a clear line: «Protect the 8.5%, the best in the industry. Reversing 20 consecutive health of its employees and protect the sustainability years of losses, Opel now boasts a margin of 6.5%, only of the business». We have made responsible two years after joining the Group. The Automotive decisions, notably with the deployment of a protocol division’s free cash flow has increased to more than of reinforced health measures across all of our sites. €3 billion in 2019. Our teams are today mobilized and united to prepare for the future in a difficult economic context. For more than six years in a row, with the demanding support of the Supervisory Board, Groupe PSA This future is also confirmed with Group’s ethical management teams have created lasting value for: commitment to the next generations and through a clear and compelling raison d’être: to ensure freedom For more than six years in a row, with the unwavering of movement by providing clean, safe and affordable support of the Supervisory Board, Groupe PSA has mobility for everyone. created lasting value for: ■ Its customers, with a level of quality and level of satisfaction We are doing our part in the global effort to combat that continues to rise. global warming, in line with the objectives of the Paris ■ Its employees, with a 5.4-fold increase in 6 years in (1) Agreement . The CO2 performance was improved by redistribution of the value created, thanks to the maturity an 11g(2) average for our conventional vehicles in 2019, of social dialogue. bolstered by the launch of 10 electrified models(3) and ■ Its investors, with an advantageous dividend policy. the marketing of innovative mobility solutions such ■ All of its partners, with suppliers and business partners as the Citroën Ami. Our resolute policy supports our committed in quest for continued performance improvement. commitment to meeting the 2020 CO2 objectives set by the European Union. Our engagement in society and our economic performance put us in an upfront position to meet the More broadly, our company is recognized as a leading many challenges facing the automotive OEMs. In the socially responsible player in the most prominent difficult context, that our industry faces, the merger CSR indices: Groupe PSA is selected in 9 ESG indices(4) project with FCA is more than ever an opportunity for – and is leader in its industry for 3 of them(5) – and the two companies and will make our combined group is confirmed as a world leader in the low-carbon a world leader, ready to forge ahead into a new era of transition by the CDP(6). sustainable mobility. Efficiency is also a strong lever for a sustainable business and the rigorous implementation of our Push CARLOS TAVARES to Pass strategic plan has taken our profitability to Chairman of the Managing Board of Groupe PSA (1) Groupe PSA objectives in terms of CO2 reduction were scientifically certified in November 2019 by the Science Based Targets initiative (SBTi), as compliant with demanded reduction to maintain global warming under 2°C above preindustrial level, as recommended by the GIEC (2) Passenger vehicles – Registrations in Europe – Scope of CO2 regulations (30 countries) – Internal data (3) 4 BEVs: DS 3 CROSSBACK E-TENSE, Peugeot e-208 and e-2008, Opel Corsa-e; and 6 PHEVs: DS 7 CROSSBACK E-TENSE 4x4, Peugeot 3008 HYBRID, 508 HYBRID & 508 SW HYBRID, C5 Aircross HYBRID, Opel Grandland X HYBRID4 (4) Environment, Social and Governance (5) DJSI, ISS ESG et Vigeo-Eiris (6) The CDP is an international non-profit organization, elected leading provider of climate research by investors. It assesses companies for the completeness of their reporting climate, their management of environmental risks and their demonstration of best practices, such as the setting of ambitious and significant objectives. 2 GROUPE PSA - 2019 UNIVERSAL REGISTRATION DOCUMENT M POR A GLOBAL PRESENCE... RUSSIA Kaluga(11) BELARUS UKRAINE JAPAN(11) CHINA Xiangyang(13) (12) UNITED STATES OF AMERICA MOROCCO Mizushima Casablanca TUNISIA (13) (1) Wuhan (14) Kenitra Tunis (15) Shanghai / Wuhan / Shenzhen Delhi (14) ALGERIA Chengdu MEXICO Oran(2) Shenzhen(15) INDIA VIETNAM Hosur(3) Wukro(9) Chu Lai(6) NIGERIA ETHIOPIA BRAZIL MALAYSIA Kaduna(8) Gurun(7) KENYA Thika(4) Porto Real 208,780 São Paulo URUGUAY CHILE Montevideo(5) Palomar employees in the world ARGENTINA …A EUROPEAN LEADER MANUFACTURING LOCATIONS OTHER LOCATIONS R&D centre Automotive production plant UNITED KINGDOM in partnership THE NETHERLANDS POLAND SALES LOCATIONS Ellesmere in the planning stage Port GERMANY Components factory, casting Countries where the Group operates with Luton Kolin(12) Gliwice a subsidiary that commercializes BELGIUM in partnership Tychy vehicles and / or mobility services CZECH in the planning stage LUXEMBOURG REPUBLICSLOVAKIA Countries where only mobility services of FRANCE AUSTRIA Trnava Assembly plant the Group are commercialized Aspern in partnership SWITZERLAND HUNGARY Szentgotthárd in the planning stage ITALY Industrial partners Vigo (1) STAFIM- (2) Condor Electronics, Palpa Pro and l’Entreprise Nationale de Production de Zaragoza Machines-Outils - (3) CK BIRLA- (4) URYSIA - (5) EASA and Nordex - (6) THACO - (7) Naza Mangualde Automotive Manufacturing – (8) PAN Nigeria Ltd – (9) MIE (Mesfin Industrial Engineering’s) Madrid Val di Sangro(10) - (10) FIAT - (11) Mitsubishi - (12) Toyota - (13) Dongfeng Motor Corp. - (14) Changan PSA PORTUGAL Automobiles - (15) HMFCL (Hindustan Motor Finance Corporation Limited) SPAIN Note: this does not include office facilities, head offices, IT sites, non-automotive businesses, or countries where Group vehicles are sold by an importer.
Load more

Recommended publications
  • D2.1 Mapping of the Current Status of Dynamics of Value Chain of European Transport Manufacturing Industry
    Ref. Ares(2018)476363 - 26/01/2018 D2.1 Mapping of the current status of dynamics of value chain of European transport manufacturing industry Arrasate, 26/01/2016 Editor: Gerardo Pagalday [email protected] Authors: All parners Date: 26/01/2018 1 Document change record Version Date Status Author Description 0.1 24/03/2017 Draft Konstantin Konrad Draft document structure 0.2 18/12/2017 Draft Gerardo Pagalday Deliverable version 2 26/01/2018 Deliverable Gerardo Pagalday Deliverable final version Consortium No Participant organisation name Short Name Country 1 VDI/VDE Innovation + Technik GmbH VDI/VDE-IT DE 2 Railenium Railenium FR 3 Cranfield University CU UK 4 Maritime University of Szczecin MUS PL 5 Transportøkonomisk Institutt ( TOI) TOI NO 6 Institute of Shipping Economics and Logistics ISL DE 7 IK4 Research Alliance IK4 ES 8 Intl. Association of Public Transport Operators UITP BE 2 Table of contents 1 Introduction ......................................................................................................................... 23 1.1 Project background ..................................................................................................... 23 1.2 Objectives ................................................................................................................... 24 1.3 Focus Areas for D2.1 Mapping of the current status of dynamics of value chain of European transport manufacturing industry ............................................................... 24 2 Automotive .........................................................................................................................
    [Show full text]
  • Registration Document
    20 REGISTRATION DOCUMENT Including the annual financial report 17 GROUPE PSA - 2017 REGISTRATION DOCUMENT -1 ANALYSIS OF THE BUSINESS AND GROUP OPERATING RESULTS IN 2017 AND OUTLOOK Capital Expenditure in Research & Development 4.4.2. Banque PSA Finance, signature of a framework agreement with the BNP Paribas Group to form a car financing Partnership for Opel Vauxhall vehicles On 6 March 2017, when the Master Agreement was concluded with BNP Paribas Personal Finance, will from an accounting point of view General Motors, the Company simultaneously signed a Framework retain the current European platform and staff of GM Financial. The Agreement with BNP Paribas and BNP Paribas Personal Finance, to Opel Vauxhall finance companies will distribute financial and organise the joint purchase of Opel Vauxhall’s finance companies insurance products over a territory initially including the following and the setting up of a car financing partnership for Opel Vauxhall countries: Germany, United Kingdom, France, Italy, Sweden, Austria, vehicles. Ireland, Netherlands, Belgium, Greece and Switzerland. The The acquisition of Opel Vauxhall’s finance companies will be cooperation may potentially be extended thereafter to other completed through a holding company. This joint venture, owned in countries where Opel Vauxhall has a presence. equal shares and on the same terms by Banque PSA Finance and 4.5. CAPITAL EXPENDITURE IN RESEARCH & DEVELOPMENT Automotive Expertise to deliver useful technologies Innovation, research and development are powerful levers for Every year, Groupe PSA invests in research and development to developing competitive advantages by addressing the major stay ahead, technologically, of environmental and market changes. challenges faced in the automotive industry (environmental, safety, emerging mobility and networking needs, etc.).
    [Show full text]
  • Annual Report 2019
    Contents Corporate Profile 2 Corporate Information 4 Our Products 6 Business Overview 13 Financial Highlights 32 CEO’s Statement 33 Management Discussion and Analysis 36 Directors and Senior Management 48 Directors’ Report 56 Corporate Governance Report 74 Independent Auditor’s Report 86 Consolidated Balance Sheet 92 Consolidated Income Statement 94 Consolidated Statement of Comprehensive Income 95 Consolidated Statement of Changes in Equity 96 Consolidated Statement of Cash Flows 97 Notes to the Consolidated Financial Statements 98 Five Years’ Financial Summary 168 02 NEXTEER AUTOMOTIVE GROUP LIMITED ANNUAL REPORT 2019 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, as well as advanced driver assistance systems (ADAS) and automated driving (AD) enabling technologies. In-house development and full integration of hardware, software and electronics give Nexteer a competitive advantage as a full-service supplier. As a leader in intuitive motion control, our continued focus and drive is to leverage our design, development and manufacturing strengths in advanced steering and driveline systems that provide differentiated and value-added solutions to our customers. We develop solutions that enable a new era of safety and performance for traditional and varying levels of ADAS/AD. Overall, we are making driving safer, more fuel-efficient and fun for today’s world and an automated future. Our ability to seamlessly integrate our systems into automotive original equipment manufacturers’ (OEM) vehicles is a testament to our more than 110-year heritage of vehicle integration expertise and product craftsmanship.
    [Show full text]
  • Ceauto 10/2016 Newsletter 09
    CeAUTO 10/2016 Newsletter 09. 03. 2016 INDEX • International 1 • Turkey 5 • Czech Republic 2 • Turkmenistan 6 • Kazakhstan 2 • News from Middle East and Africa 6 • Macedonia 2 • Africa 6 • Poland 3 • Iran 7 • Russia 3 • South Africa 8 • Russia/Belarus 4 • Interview 9 • Russia/Middle East 5 • Upcoming events 12 • Serbia 5 • Imprint 12 NEWS International PSA considers engine plant in Eastern Europe PSA Peugeot Citroën is considering construction of an engine plant in Eastern Europe, Yann Vincent, Executive Vice President, Director Industrial and Supply Chain at PSA said in an interview with Ceauto Newsletter. However, nothing is decided yet. More information about PSA’s activities in Eastern Europe, Iran and North Africa can be found in the interview contained in this issue. Daimler plans new plants in Europe Daimler AG is planning construction of a new car plant as well as an engine plant in Europe, Markus Schäfer, the company’s head of production, told the German publication Automobilwoche. The car plant is to be constructed by 2020. “We want to make a decision by the end of this year,” Schäfer is quoted as saying. The new facility will be designed for maximum flexibility and therefore have a significantly lower degree of automation. The new plant may be located in Eastern Europe. Schäfer also announced plans for two new engine plants to be erected in Europe and China. The new European engine factory is expected to be located in Eastern Europe but Schäfer provided no details about a possible location. 1 CeAUTO Newsletter 10/2016 | 09. 03. 2016 Valeo confirms acquisition of peiker After having received the authorizations from the relevant anti-trust authorities and as announced on the 21st of December 2015, Valeo S.A.
    [Show full text]
  • Knowing Where It's Going Before It Gets There
    Knowing where it’s going before it gets there. Innovation. It starts with a strategy. From customer-led innovation to creating a corporate culture of innovation, the key to success begins with a well-defined innovation strategy. It can mean the difference between being a leader or falling behind. Today’s fast-paced technological advancements and business model innovations are changing the way companies bring value to their customers. Automotive companies that learn to industrialize innovation to create repeated, scalable breakthroughs will be the front runners in the global marketplace—from talent acquisition to commercialization. To gain additional insight on innovation strategies for your organization and other issues important to your company or see the latest automotive innovation study The highway to growth: Strategies for automotive innovation, visit www.pwc.com/auto. © 2013 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/ structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. Knowing where it’s going before it gets there. Innovation. It starts with a strategy. From customer-led innovation to creating a corporate culture of innovation, the key to success begins with a well-defined innovation strategy. It can mean the difference between being a leader or falling behind. Today’s fast-paced technological advancements and business model innovations are changing the way companies bring value to their customers. Automotive companies that learn to industrialize innovation to create repeated, scalable breakthroughs will be the front runners in the global marketplace—from talent acquisition to commercialization.
    [Show full text]
  • 2018 Annual Report and Highlight a Few of the Year’S Increase Product Exposure with Current Customers
    Contents Corporate Profile 2 Corporate Information 4 Our Products 7 Business Overview 14 Financial Highlights 27 CEO’s Statement 28 Management Discussion and Analysis 30 Directors and Senior Management 40 Directors’ Report 48 Corporate Governance Report 66 Independent Auditor’s Report 78 Consolidated Balance Sheet 84 Consolidated Income Statement 86 Consolidated Statement of Comprehensive Income 87 Consolidated Statement of Changes in Equity 88 Consolidated Statement of Cash Flows 89 Notes to the Consolidated Financial Statements 90 Five Years’ Financial Summary 156 02 NEXTEER AUTOMOTIVE GROUP LIMITED ANNUAL REPORT 2018 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 driving (AD) enabling technologies. In-house development and full integration of hardware, software and electronics give Nexteer a competitive advantage as a full-service supplier. As a leader in intuitive motion control, our continued focus and drive is to leverage strengths in advanced steering and driveline systems that provide value-added solutions to our customers. We maintain product focus on electric power steering (EPS) systems – a socially responsible technology that offers automakers increased fuel economy and reduced emissions. As just one example, Nexteer Automotive has put more than 60 million EPS units on the road since 1999, saving enough fuel to fill the equivalent of 48 billion 16-oz. water bottles. Our ability to seamlessly integrate our systems into automotive original equipment manufacturers’ (OEM) vehicles is a testament to our more than 110-year heritage of vehicle integration expertise and product craftsmanship.
    [Show full text]
  • Automotive R 1
    Fall 08 July 2016 Business Intelligence E 1 Automotive R 1 www.bourseandbazaar.com Copyright 2016 B&B Table of Contents Notes 1 Emerging From Sanctions 2 Enduring Recession 3 Recent Developments at IKCO 4 Recent Developments at SAIPA 4 Moves Towards Privatization 5 Impact of New Interest Rates 5 Notes All numbers and dates are defined in Persian units. • Iranian currency: rial (IRR) • Current Persian year: 1395 (March 21, 2016 – March 20, 2017) • Persian calendar: o Year 1395 = March 21, 2016 – March 20, 2017 o Year 1394 = March 21, 2015 – March 20, 2016 o Year 1393 = March 21, 2014 – March 20, 2015 • Persian months: o Farvardin (March 21 – April 20) o Ordibehesht (April 21 – May 20) o Khordad (May 21 – June 20) o Tir (June 21 – July 20), Mordad (July 21 – August 20) o Shahrivar (August 21 – September 20) o Mehr (September 21 – October 20) o Aban (October 21 – November 20) o Azar (November 21 – December 20) o Day (December 21 – January 20) o Bahman (January 21 – February 20) o Esfand (February 21 – March 20) Automotive Sector Report E1:R1 1 Emerging from Sanctions Iran’s automobile industry is one of the country’s most important industrial sectors. The vast majority of the 15 million cars on Iran’s roads were manufactured domestically. In 2011, Iran reached a historical high in motor vehicle production, ranking 11th in the world, 5th in Asia, and 1st in the Middle East with 1.6 million cars produced. However, in recent years production has slowed, negatively impacted by economic sanctions. In 2013, production had dropped to 630,639 passenger vehicles having since recovered to 884,866 vehicles in 2015.
    [Show full text]
  • The Case of the Automotive Industry
    Journal of Economics and Public Finance ISSN 2377-1038 (Print) ISSN 2377-1046 (Online) Vol. 5, No. 2, 2019 www.scholink.org/ojs/index.php/jepf Original Paper Attractiveness of Foreign Direct Investment and Export Performance in Morocco: The Case of the Automotive Industry Hidaya EL Khattabi1* & Mohamed Karim1 1 EREMEPP, University of Mohammed V, Rabat, Morocco * Hidaya EL khattabi, University of Mohammed V, Rabat, Morocco Received: March 19, 2019 Accepted: March 29, 2019 Online Published: April 4, 2019 doi:10.22158/jepf.v5n2p147 URL: http://dx.doi.org/10.22158/jepf.v5n2p147 Abstract Thanks to its geopolitical position and its know-how, Morocco has established itself as a leader in the automotive sector on the continent. The Moroccan automotive industry has experienced remarkable growth in recent years. A dazzling progression that is not about to stop. Thus, Morocco has become the 28th largest car exporter in the world, first in North Africa and second on the African continent. Its performance is particularly remarkable in terms of exports and job creation, for which the sector is growing at a double-digit rate with more than 80.000 people in 2016 compared to 39.131 in 2008. Cabling is the leading employer segment with nearly 69.5% in 2016, followed by seats and seat covers (9%) and automotive manufacturing (8.3%). And with MAD58.8 billion in export sales in 2017, compared with MAD12.7 billion in 2007, the automotive sector is the leading export sector. This performance contributed to the overall evolution of Moroccan exports by nearly 36.7%. In 2017, the automotive sector became the country’s leading export sector for the fourth consecutive year.
    [Show full text]
  • Tabella Riepilogativa Adesioni Allo Sciopero Generale Del 6 Settembre 2011
    Tabella riepilogativa adesioni allo sciopero generale del 6 settembre 2011 (Dati provvisori aggiornati alle ore 17.10) REGIONE TERRITORIO PERCENTUALI DI ADESIONE ALLO SCIOPERO Abruzzo Chieti Sevel 45% Honeywell 80%, Isringhausen 90%, Magneti Marelli 60%, Tyco Electronics 55%, Hydro Alluminio 65%, Gir-Sud 40%, Pierburg 90%, Emarc 70%, Trigano Van 60%, Sider Vasto 65%, Pelliconi 85%, Apell 45%, Trafilerie Meridionali 55%, Tekal 47%, San Marco 40%, Cosmetal 70% Alto Adige Bolzano Acciaierie Valbruna 80%, Sapa Profili Alluminio 70%, Iveco Dv 70%, Gkn Driveline Hope piccole e medie sul territorio 40% Basilicata Potenza Indotto Fiat-Sata media 70% con punte del 90%, Sata 35%, Aziende del Potentino: Italtractor, Marcegaglia, Pittini e Firema media 70/80% Area industriale di Viggiano: Elbe Sud 85% Calabria Castrovillari Cosmic (cantiere di Castrovillari) 100 Calabria Catanzaro Siram 90%, Itekat 78% Calabria Cosenza Almaviva 22% Calabria Crotone Metalcarpentiera 60%, Graziani 90%, Cosmic 80% Calabria Gioria Tauro De Masi 65% Calabria Reggio Calabria Meeting Sud 100%, Omeca 47%, Otis 95%, Nes 23%, Buonafede 19% Calabria Vibo Valentia Nuovo Pignone 75% Campania Benevento Ficomirrors 95% di adesioni. Agusta di Benevento 60%. Campania Caserta Indesit 95%, Ericsson 70%, indotto Fiat 60-65% (Proma e Power Automotive). Settore siderurgico: Laminazione Sottile 75%. St Microelectronics di Marcianise 80%. Dato significativo: per la prima volta estensione della lotta anche a tutte le piccole e medie aziende (di 25-30 addetti): hanno aderito infatti allo sciopero più del 40-45% dei lavoratori. Jabil e Firema nonostante la piazza buona presenza dei lavoratori. Settore aeronautico: Oma Sud a Capua 65%. Workington Italia 70%. Campania Napoli Fiat Pomigliano, presidio alle ore 4.00 della mattina, sono state bloccate le attività della Newco.
    [Show full text]
  • Consolidated FS and MD and a Groupe PSA December 31
    Stellantis N.V. Consolidated Financial Statements and Management’s Discussion and Analysis of Groupe PSA for the year ended December 31, 2020 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF PSA The following information should be read in conjunction with the audited consolidated financial statements of PSA as of and for the financial years ended December 31, 2020, 2019 and 2018, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), and in accordance with IFRS as adopted by the European Union. The audited consolidated financial statements of PSA and the notes to the audited consolidated financial statements of PSA are collectively referred to as the “PSA Consolidated Financial Statements”. Unless otherwise stated, the annual information included herein is based on the PSA Consolidated Financial Statements. The following discussion contains forward-looking statements that reflect PSA’s plans, estimates and beliefs. Refer to the section entitled “Cautionary Statements Concerning Forward Looking Statements” Overview In 2020, Peugeot S.A. (“PSA”) was the second largest car manufacturer in Europe based on the volume of sold vehicles and operated 18 production sites across the world. As of December 31, 2020, PSA employed approximately 204,000 employees. PSA’s business is organized into three divisions: automotive, automotive equipment and finance. PSA generated revenue of €60,734 million and operating income of €3,054 million in the fiscal year ended December 31, 2020. The automotive division covers the design, manufacture and sale of passenger vehicles and light commercial vehicles (“LCVs”), as well as after-sales, maintenance, repair and spare parts operations under PSA’s five brands, Peugeot, Citroën, DS, Opel and Vauxhall.
    [Show full text]
  • The French Automotive Industry
    THE FRENCH 7.8 AUTOMOTIVE MILLION VEHICLES Produced by French INDUSTRY manufacturers worldwide ANALYSIS & STATISTICS 2018 81% OF VEHICLES Produced by French manufacturers are sold abroad €5.2 BILLION French automotive industry research and development budget in 2015 €49 BILLION Automotive products sold abroad 80% Share of domestic travel in France using passenger cars 85% Share of domestic freight transport in France by road EDITORIAL A WORD FROM THE PRESIDENT and emissions. is riddled with uncertainty, French manufacturers will, over the long term, be faced with considerable Diesel has gone into steep decline. Triggered challenges and investment needs, which, by the success of petrol engine models, it was by definition, accompany major automotive accelerated by fraudulent practices (or suspicions revolutions. thereof), and then amplified by traffic restrictions. A paradoxical situation given that the diesel The electrification of engines is underway. emission problem had been resolved with Euro This technology is the major thrust of CSF 6d Temp. This loss of trust also impacted the commitments. There are now more than 20,000 CO2 issue. Right in the middle of the change charging stations open to the public in France; and of accreditation protocol, from the NEDC to the this will increase to 100,000 by 2022, increasing WLTP, consumption values have changed with sales of electric and rechargeable hybrid vehicles CO2 levels. This is happening during the review fivefold. period on European Commission objectives, where unrealistic positions are being discussed for the France has made the autonomous vehicle a 2030 horizon. It is crucial that we get real on this major industrial programme.
    [Show full text]
  • Iran Khodro Opens Production Line for Two New Cars
    4 December 17, 2017 ECONOMIC NEWS Iran Khodro Opens Production Free Economic Zone With Iran Line for Two New Cars Opened in Southern Armenia (IKAP), 70% of parts for Peugeot YEREVAN (Xinhua) - Armenia 2008 will be supplied by Iranian officially has launched a free economic manufacturers. The car’s body zone (FEZ) with Iran in its southernmost will also be produced by an IKCO city of Meghri bordering the Islamic subsidiary. republic, state-run Armenpress reported. The deal requires production of Armenian Prime Minister Karen more than 30,000 units this year Karapetyan attended the opening but only four Peugeot 2008s have ceremony with Minister of Economic been produced so far, with IKCO Development and Investments Suren having to import pre-owned cars for Karayan, with presence of the Iranian delivery from France. ambassador, as well as officials and Since the lifting of sanctions in businessmen from both countries. January 2016, French automakers According to Karayan, the free have piled into Iran’s resurgent economic zone should be developed 130 million U.S. dollar and create 1,500 Armenia has a strong interest in market, helping turn around a period into two phases. new jobs, as well as export goods and the implementation of the landmark of slipping sales which occurred “At the first stage, the minimum services up to 250 million U.S. dollar. agreement with Iran with the outlook TEHRAN (Dispatches) - Iran Khodro produced about 15,000- when they left the country in 2012. necessary infrastructures and The businesses operating in the zone of new economic opportunities as Khodro (IKCO) has opened a 20,000 units of Peugeot 207i in On Saturday, Fars news agency preconditions have been set up,” will be exempt from income tax, value international sanctions and economic production line for two new car 2011 before production stopped the cited data released by Renault as Karayan said, adding that in the second added tax, excise tax and custom duties, restrictions on Iran are fully lifted.
    [Show full text]