Wuling Dengan GM (Amerika) Dan Geely Dengan Volvo (Swedia)
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Agreements That Have Undermined Venezuelan Democracy Xxxxxxxxxxxxxxxxxxxxxxthe Chinaxxxxxxxxxxxxxxxxxxxxxx Deals Agreements That Have Undermined Venezuelan Democracy
THE CHINA DEALS Agreements that have undermined Venezuelan democracy xxxxxxxxxxxxxxxxxxxxxxThe Chinaxxxxxxxxxxxxxxxxxxxxxx Deals Agreements that have undermined Venezuelan democracy August 2020 1 I Transparencia Venezuela THE CHINA DEALS Agreements that have undermined Venezuelan democracy Credits Transparencia Venezuela Mercedes De Freitas Executive management Editorial management Christi Rangel Research Coordinator Drafting of the document María Fernanda Sojo Editorial Coordinator María Alejandra Domínguez Design and layout With the collaboration of: Antonella Del Vecchio Javier Molina Jarmi Indriago Sonielys Rojas 2 I Transparencia Venezuela Introduction 4 1 Political and institutional context 7 1.1 Rules of exchange in the bilateral relations between 12 Venezuela and China 2 Cash flows from China to Venezuela 16 2.1 Cash flows through loans 17 2.1.1 China-Venezuela Joint Fund and Large 17 Volume Long Term Fund 2.1.2 Miscellaneous loans from China 21 2.2 Foreign Direct Investment 23 3 Experience of joint ventures and failed projects 26 3.1 Sinovensa, S.A. 26 3.2 Yutong Venezuela bus assembly plant 30 3.3 Failed projects 32 4 Governance gaps 37 5 Lessons from experience 40 5.1 Assessment of results, profits and losses 43 of parties involved 6 Policy recommendations 47 Annex 1 52 List of Venezuelan institutions and officials in charge of negotiations with China Table of Contents Table Annex 2 60 List of unavailable public information Annex 3 61 List of companies and agencies from China in Venezuela linked to the agreements since 1999 THE CHINA DEALS Agreements that have undermined Venezuelan democracy The People’s Republic of China was regarded by the Chávez and Maduro administrations as Venezuela’s great partner with common interests, co-signatory of more than 500 agreements in the past 20 years, and provider of multimillion-dollar loans that have brought about huge debts to the South American country. -
Competing in the Global Truck Industry Emerging Markets Spotlight
KPMG INTERNATIONAL Competing in the Global Truck Industry Emerging Markets Spotlight Challenges and future winning strategies September 2011 kpmg.com ii | Competing in the Global Truck Industry – Emerging Markets Spotlight Acknowledgements We would like to express our special thanks to the Institut für Automobilwirtschaft (Institute for Automotive Research) under the lead of Prof. Dr. Willi Diez for its longstanding cooperation and valuable contribution to this study. Prof. Dr. Willi Diez Director Institut für Automobilwirtschaft (IfA) [Institute for Automotive Research] [email protected] www.ifa-info.de We would also like to thank deeply the following senior executives who participated in in-depth interviews to provide further insight: (Listed alphabetically by organization name) Shen Yang Senior Director of Strategy and Development Beiqi Foton Motor Co., Ltd. (China) Andreas Renschler Member of the Board and Head of Daimler Trucks Division Daimler AG (Germany) Ashot Aroutunyan Director of Marketing and Advertising KAMAZ OAO (Russia) Prof. Dr.-Ing. Heinz Junker Chairman of the Management Board MAHLE Group (Germany) Dee Kapur President of the Truck Group Navistar International Corporation (USA) Jack Allen President of the North American Truck Group Navistar International Corporation (USA) George Kapitelli Vice President SAIC GM Wuling Automobile Co., Ltd. (SGMW) (China) Ravi Pisharody President (Commercial Vehicle Business Unit) Tata Motors Ltd. (India) © 2011 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. All rights reserved. Competing in the Global Truck Industry – Emerging Markets Spotlight | iii Editorial Commercial vehicle sales are spurred by far exceeded the most optimistic on by economic growth going in hand expectations – how can we foresee the with the rising demand for the transport potentials and importance of issues of goods. -
CHINA FIELD TRIP May 10Th –12Th, 2011
CHINA FIELD TRIP May 10th –12th, 2011 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company’s results or any other performance indicator, but rather trends or targets, as the case may be. These statements are by their nature subject to risks and uncertainties as described in the Company’s annual report available on its Internet website (www.psa-peugeot-citroen.com). These statements do not reflect future performance of the Company, which may materially differ. The Company does not undertake to provide updates of these statements. More comprehensive information about PSA PEUGEOT CITROËN may be obtained on its Internet website (www.psa-peugeot-citroen.com), under Regulated Information. th th China Field Trip - May 10 –12 , 2011 2 PSA in Asia – Market Forecast, PSA in China: ongoing successes and upsides Frédéric Saint-Geours Executive VP, Finance and Strategic Development Grégoire Olivier, Executive VP, Asia Table of contents Introduction China: the new auto superpower China: a global economic power The world’s largest automotive market The growth story is set to continue PSA in China China: a second home market for PSA 2 complementary JVs Key challenges in China and PSA differentiation factors A sustainable profitable growth Extending the Chinese Success ASEAN strategy Capturing the Indian opportunity th th China Field Trip - May 10 –12 , 2011 4 PSA – a global automotive player (1/2) > 39% of PSA’s 2010 sales are realized outside of Europe, of -
The Role and Characteristics of Chinese State-Owned and Private Enterprises in Overseas Investments
The Role and Characteristics of Chinese State-owned and Private Enterprises in Overseas Investments 1 The Role and Characteristics of Chinese State-owned and Private Enterprises in Overseas Investments Researched and written by Mark Grimsditch Published by Friends of the Earth US, June 2015 ©Copyright Friends of the Earth US Design by Design Action Courtesy of Creative Commons Acknowledgements Friends of the Earth US would like to thank Mark Grimsditch for his work in authoring this report. We also would like to thank our friends and colleagues for their help in reviewing this report, especially Michelle Chan, Economic Policy Director at FOE US. About Friends of the Earth Friends of the Earth U.S., founded by David Brower in 1969, is the U.S. voice of the world’s largest federation of grassroots environmental groups, with a presence in 74 countries. Friends of the Earth works to defend the environment and champion a more healthy and just world. Throughout our 45-year history, we have provided crucial leadership in campaigns resulting in landmark environmental laws, precedent-setting legal victories and groundbreaking reforms of domestic and international regulatory, corporate and financial institution policies.www.FoE.org For more information on this report, please contact: [email protected]. 2 TABLE OF CONTENTS Introduction.......................................................................................................4 Overview of Chinese Enterprises ......................................................................5 State-owned -
FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market
FOURIN's China Auto Data Directory Your Best Source of Information on the Chinese Automotive Industry and Market ■Format: Excel ■Release Date: September 30, 2011 ■Price: 90,000JPY (excl. VAT for Japan orders) Invaluable Intelligence and Data to Support Any Automotive Business in China The only way you can stay ahead of the crowd and be the person of the moment is to have the best information available when you need it the most. FOURIN is beginning a new service offering a detailed and user-friendly database on major automakers and parts manufacturers in China. Data are provided to you in Excel format, allowing rapid searching, sorting and transfer. Based on years of close cooperation with trusted customers, the database is tailored to the needs of automotive industry professionals who are in need of detailed facts on major players in the Chinese automotive industry. Rather than wading through endless number of press releases and media reports, you choose the data that is important to you and see it in a well-organized table immediately. The database currently includes approximately 1,500 production bases and other facilities of around 200 Chinese and foreign automakers andparts suppliers. FOURIN's China Auto Data Directory (Sample) Data Source Location Location Establishment Operation Base Name Main Products (APC)/ Activities APC (units) Company (City) (Admin. Unit) Date Start CBU (4 platforms: Chery, Riich, Rely, Chery Automobile Co., Ltd. Wuhu Anhui Jan. 1997 Dec. 1999 CBU 900,000 units (2010) Karry), engines, transmissions 150,000 units (2010)→ Chery Automobile - No.1 Plant Wuhu Anhui Mar. 1997 Dec. -
Analysis of the Dynamic Relationship Between the Emergence Of
Annals of Business Administrative Science 8 (2009) 21–42 Online ISSN 1347-4456 Print ISSN 1347-4464 Available at www.gbrc.jp ©2009 Global Business Research Center Analysis of the Dynamic Relationship between the Emergence of Independent Chinese Automobile Manufacturers and International Technology Transfer in China’s Auto Industry Zejian LI Manufacturing Management Research Center Faculty of Economics, the University of Tokyo E-mail: [email protected] Abstract: This paper examines the relationship between the emergence of independent Chinese automobile manufacturers (ICAMs) and International Technology Transfer. Many scholars indicate that the use of outside supplies is the sole reason for the high-speed growth of ICAMs. However, it is necessary to outline the reasons and factors that might contribute to the process at the company-level. This paper is based on the organizational view. It examines and clarifies the internal dynamics of the ICAMs from a historical perspective. The paper explores the role that international technology transfer has played in the emergence of ICAMs. In conclusion, it is clear that due to direct or indirect spillover from joint ventures, ICAMs were able to autonomously construct the necessary core competitive abilities. Keywords: marketing, international business, multinational corporations (MNCs), technology transfer, Chinese automobile industry but progressive emergence of independent Chinese 1. Introduction automobile manufacturers (ICAMs). It will also The purpose of this study is to investigate -
Fulbright-Hays Seminars Abroad Automobility in China Dr. Toni Marzotto
Fulbright-Hays Seminars Abroad Automobility in China Dr. Toni Marzotto “The mountains are high and the emperor is far away.” (Chinese Proverb)1 Title: The Rise of China's Auto Industry: Automobility with Chinese Characteristics Curriculum Project: The project is part of an interdisciplinary course taught in the Political Science Department entitled: The Machine that Changed the World: Automobility in an Age of Scarcity. This course looks at the effects of mass motorization in the United States and compares it with other countries. I am teaching the course this fall; my syllabus contains a section on Chinese Innovations and other global issues. This project will be used to expand this section. Grade Level: Undergraduate students in any major. This course is part of Towson University’s new Core Curriculum approved in 2011. My focus in this course is getting students to consider how automobiles foster the development of a built environment that comes to affect all aspects of life whether in the U.S., China or any country with a car culture. How much of our life is influenced by the automobile? We are what we drive! Objectives and Student Outcomes: My objective in teaching this interdisciplinary course is to provide students with an understanding of how the invention of the automobile in the 1890’s has come to dominate the world in which we live. Today an increasing number of individuals, across the globe, depend on the automobile for many activities. Although the United States was the first country to embrace mass motorization (there are more cars per 1000 inhabitants in the United States than in any other country in the world), other countries are catching up. -
On the Road Again a Financial and Extra-Financial Analysis of the Auto Industry
SRI - EFI Sector Research On the road again A Financial and Extra-financial Analysis of the Auto Industry p Caught in the void Î fuel prices, carbon and pollution p Charting new terrain becomes key Î alternative power trains p Cost is king Î it determines the way forward p Don’t forget Î governance, BRICs, legacy costs and offshoring p Toyota is our global champion Î other winners could emerge Pierre-Yves Quéméner, Financial Analyst +33 1 45 96 77 63 [email protected] November 2005 Valéry Lucas Leclin, SRI Analyst +33 1 45 96 79 23 [email protected] Sarj Nahal, SRI Analyst +33 1 45 96 78 75 [email protected] On the road again This report follows a request from a group of asset managers working with the United Nations to analyse the environmental, social and corporate governance issues that may be material for company performance and to then identify potential impact on company valuations. The United Nations Environment Programme Finance Initiative (UNEP FI) works closely with 160 financial institutions worldwide, to develop and promote linkages between the environment, sustainability and financial performance. UNEP FI Asset Management Working Group (AMWG) explores the association between environmental, social, and governance considerations and investment decision-making. Asset Managers that have participated in this project have combined mandates of 1.7 trillion USD. Asset managers: ABN AMRO Asset Management Brazil Acuity Investment Management BNP Paribas Asset Management BT Financial Group Calvert Group Citigroup Asset Management -
CHINA CORP. 2015 AUTO INDUSTRY on the Wan Li Road
CHINA CORP. 2015 AUTO INDUSTRY On the Wan Li Road Cars – Commercial Vehicles – Electric Vehicles Market Evolution - Regional Overview - Main Chinese Firms DCA Chine-Analyse China’s half-way auto industry CHINA CORP. 2015 Wan Li (ten thousand Li) is the Chinese traditional phrase for is a publication by DCA Chine-Analyse evoking a long way. When considering China’s automotive Tél. : (33) 663 527 781 sector in 2015, one may think that the main part of its Wan Li Email : [email protected] road has been covered. Web : www.chine-analyse.com From a marginal and closed market in 2000, the country has Editor : Jean-François Dufour become the World’s first auto market since 2009, absorbing Contributors : Jeffrey De Lairg, over one quarter of today’s global vehicles output. It is not Du Shangfu only much bigger, but also much more complex and No part of this publication may be sophisticated, with its high-end segment rising fast. reproduced without prior written permission Nevertheless, a closer look reveals China’s auto industry to be of the publisher. © DCA Chine-Analyse only half-way of its long road. Its success today, is mainly that of foreign brands behind joint- ventures. And at the same time, it remains much too fragmented between too many builders. China’s ultimate goal, of having an independant auto industry able to compete on the global market, still has to be reached, through own brands development and restructuring. China’s auto industry is only half-way also because a main technological evolution that may play a decisive role in its future still has to take off. -
ANNUAL REPORT 2017 Hkex Stock Code : 305 ANNUAL REPORT 2017 CORPORATE PROFILE
WULING MOTORS HOLDINGS LIMITED 五菱汽車集團控股有限公司 (Incorporated in Bermuda with limited liability) ENTERING THE ERA OF HIGH PERFORMANCE WITH CLEAN ENERGY ANNUAL REPORT 2017 HKEx Stock Code : 305 ANNUAL REPORT 2017 CORPORATE PROFILE Wuling Motors Holdings Limited (“Wuling Motors Holdings” or the “Company”) and its subsidiaries (collectively referred to as the “Wuling Group” or the “Group”) are principally engaged in the businesses of trading and manufacturing of automotive components, engines and specialized vehicles. Our Group’s corporate goal is to grasp the tremendous business opportunities arising from the rapidly growing automobile industry in China and Asia. We supply engines and automotive components to commercial-type mini-vehicles and passenger vehicles. We are also a qualified enterprise for manufacturing electrical mini-truck in China. The Group’s main production facilities are located in Liuzhou, Qingdao, Chongqing and Indonesia. Since 2011, we have been ranked as one of the Fortune China 500 Enterprises. GROUP STRUCTURE DRAGON HILL GUANGXI AUTOMOBILE 13.7% WULING MOTORS 60.6% HOLDINGS HKEx:305 60.9% 39.1% WULING INDUSTRIAL ENGINES AND AUTOMOTIVE SPECIALIZED RELATED PARTS COMPONENTS VEHICLES AND (INCLUDING NEW OTHER INDUSTRIAL ENERGY VEHICLES) SERVICES Wuling Motors Holdings Limited > Annual Report 2017 CONTENTS Corporate Profi le Group Structure 2 Chairman’s Statement 10 Report of the CEO 14 Operation Review Main Business Segments Engines and Automotive Specialized Related Parts Components Vehicles and Other (including Industrial -
Magna International Inc. (Exact Name of Registrant As Specified in Its Charter)
United States Securities and Exchange Commission Washington, D.C. 20549 FORM 40-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13(a) or 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission File Number 001-11444 Magna International Inc. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant’s name into English (if applicable) Province of Ontario, Canada (Province of other jurisdiction of incorporation or organization) 3714 (Primary Standard Industrial Classification Code number (if applicable) Not Applicable (I.R.S. Employer Identification Number (if applicable) 337 Magna Drive, Aurora, Ontario, Canada L4G 7K1 (905) 726-2462 (Address and telephone number of Registrant’s principal executive offices) Corporation Service Company, 1180 Avenue of the Americas, Suite 210 New York, New York 10036-8401 Telephone 212-299-5600 (Name, address (including zip code) and telephone number (including area code) of agent for service in the United States) Securities registered or to be registered pursuant to Section 12(b) of the Act. Title of each class Name of each exchange on which registered Common Shares New York Stock Exchange Securities registered or to be registered pursuant to Section 12(g) of the Act. None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act. None For annual reports, indicate by check mark the information filed with this Form: ☒ Annual Information Form ☒ Audited Annual Financial Statements Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report. -
SAIC Motor Is the Largest Automobile Group in China. Its Businesses
Page 1 of 2 TAN CHONG MOTOR HOLDINGS BERHAD (12969-P) - Memorandum of Understanding between TC Services Vietnam Co., Ltd, a Wholly-owned Subsidiary of Tan Chong Motor Holdings Berhad and SAIC Motor International Co., Ltd Introduction The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) wishes to announce that TC Services Vietnam Co., Ltd (“TC Services Vietnam ”) , a wholly-owned subsidiary of TCMH, had on 26 July 2019 entered into a Memorandum of Understanding (“MOU”) with SAIC Motor International Co., Ltd, (“SMIL”) to cooperate with each other in Vietnam market on CKD assembly, sales and distribution, as well as on imported CBU sales (“Project”) of certain automobile brand of products to be agreed between the parties (“Authorised Products”) with the objective of signing relevant cooperation agreements (“Cooperation Agreement”) to formalise the cooperation relationship. Information on TC Services Vietnam TC Services Vietnam is a wholly-owned subsidiary of TCMH incorporated in Vietnam. TC Services Vietnam is authorised to engage in retail distribution of various kinds of automobiles, provision of automotive maintenance and repair and spare parts services in accordance with the Laws of Vietnam. Information on SMIL SMIL is a wholly-owned subsidiary of SAIC Motor Corporation Limited (“SAIC Motor”) incorporated under the laws of the People’s Republic of China and having its registered office at 429H Room, No. 188, Ye Sheng Rd, China (Shanghai) Pilot Free Trade Zone, Shanghai, P.R.C. SMIL is engaged in the automotive business, including but not limited to the sale of automobiles and relevant components. SAIC Motor is the largest automobile group in China.