Cars GlobalMag October 2013

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CORPORATE & FIGURES CORPORATE & FIGURES Europe Sweden Volvo close to reach break-even in 2013 Volvo has reported an operating result for the first half year of 2013 of -577 MSEK (349 MSEK). Revenue over the period amounted to 56,364 MSEK (65,411 MSEK). The result is in line with expectations and the Group sees realistic possibilities to deliver a break-even operating result for the full year. The first six months of 2013 were characterised by strong growth in China and continuing challenging market circumstances in the mature markets of Europe. Overall, lower volumes and higher levels of discounts as well as unfavourable exchange rate developments negatively impacted sales and earnings. The second half of 2013 is expected to generate higher sales volumes and margins for the group, as the six renewed models as well as the new powertrain family Drive-E meet markets fully. For the full year, sales volumes for Volvo Car Group are expected to be in line with 2012. Growth is expected in China, whereas the European market is expected to continue to be challenging. In the US, sales are expected to remain at similar levels to last year due to a highly competitive environment. North America United States Chrysler Group August results Chrysler Group reported U.S. sales of 165,552 units, a 12 percent increase compared with sales in August 2012 (148,472 units), and the group’s best August sales since 2007. The Chrysler, Jeep, Dodge, Ram Truck and FIAT brands each posted year-overyear sales gains in August compared with the same month a year ago. The Ram Truck brand’s 29 percent increase was the largest sales gain of any Chrysler Group brand during the month. Chrysler Group extended its streak of year-over-year sales gains to 41-consecutive months in August. Chrysler Group had six models that set sales records in August. The Dodge Journey mid-size crossover, with its 12 percent increase, had its best sales month ever. In addition, the Dodge Challenger, Dodge Dart, Jeep Wrangler, Jeep Compass, and Jeep Patriot each recorded their best sales for the month of August. Europe Germany Porsche strong U.S. and China sales In eight months, the sports car manufacturer has already delivered more than 106,000 vehicles to its customers all over the world – an increase of 15 per cent compared with the same period last year. In addition to the Cayenne, which has been delivered to more than 55,000 customers, the iconic 911 sports car is also very much in demand, with around 20,000 models being sold. In the USA in particular, the 911, Boxster/Cayman, Cayenne and Panamera model lines proved very popular, with around 28,500 models being delivered – a quarter more than in the same period the previous year. China retains second place when it comes to Porsche sales: More than 24,500 new cars were delivered to customers in China, 17 per cent more than between January and August last year. Asia Japan Subaru strenghtens sales operations in China Subaru announced that Subaru of China Ltd. (SOC), its sales subsidiary in China, has completed procedures to become a joint venture with China’s leading auto dealer group, Pangda Automobile Trade Co., Ltd. (Pangda). The purpose of this structure change is to consolidate Subaru’s sales, marketing and dealer management operations into SOC as the brand’s sole distributor in China, whereas those activities used to be managed on a region-by-region basis by local sales companies. Under the new structure, SOC intends to implement more unified, consistent sales and marketing initiatives, advance strategic dealer development and strengthen its profit base with the goal to enhance the Subaru brand and sales in the Chinese market, one of the top priority markets for Subaru along with the U.S. and Japan.
Europe Sweden / France Volvo Car Group signs financial agreement with BNP Paribas Volvo Car Group has extended its core relationship bank group with BNP Paribas, who join the credit facility provided by a European bank group at a ticket of EUR 60 million. The unsecured revolving credit facility now totals EUR 360 million with maturity in 2016. In addition to BNP Paribas, the bank group consists of Nordea, ING Belgium, DNB, Swedbank and Santander Bank. South America Brazil Fiat leads Brazilian market Fiat closed the month of August with 65,995 cars and light trucks sold in Brazil, maintaining its market leadership in the month with 21.1% market share. Since January, Fiat boasted sales of 513,294 units and a market leadership with 21.9% of cumulative sales. Fiat beats its nearest competitor by more than 72,000 cars and light commercial vehicles sales between January and August. Fiat is the leading Brazilian cars and light commercial vehicles for the eleventh year. Asia South Korea Kia Motors brand value increases by 15% to USD 4.7 billion Kia Motors Corporation has increased its brand value by 15% over the past year to reach the 83rd position on the exclusive list of ‘Top 100 Best Global Brands,’ according to a 2013 study released today by Interbrand, the world’s largest brand consultancy agency. Kia first entered the ‘Top 100 Best Global Brands’ last year, coming in 87th place, but has since risen four spots to reach an estimated brand value of USD 4.7 billion. This represents a 15%, or USD 619 million, increase from last year’s estimated brand value and far exceeds the overall top 100 brands’ average value growth rate of 8.4%. Europe Germany BMW Group highest ever August sales BMW Group reported its highest ever sales for the month of August, with a total of 139,648 vehicles delivered worldwide, an increase of 14.8% over the same month last year. Worldwide sales year-to-date also reached an all-time high with 1,246,528 vehicles sold, an increase of 7.7% over the same period in 2012 (1,157,807). In the month under review, worldwide sales of BMW brand vehicles climbed 15.6% to 118,743 units (prev. yr. 102,742). Strong growth was achieved in many model segments. Sales of the BMW 3 Series surged 38.6% to 34,943 units. Demand for the BMW X3 remained high, with sales increasing 7.3% to 10,532 vehicles. Upper segment BMW vehicles also performed well with 1,976 BMW 6 Series vehicles sold (prev. yr. 1,747/ +13.1%) and the company’s flagship, the BMW 7 Series, was delivered to 4,764 customers (prev. yr. 3,787/ +25.8%). A total of 1,051,595 BMW brand vehicles (prev. yr. 963,141) have been delivered to customers worldwide since the start of the year – an increase of 9.2%. MINI also reported its best August figures ever with 20,653 deliveries worldwide (prev. yr. 18,672/ +10.6%). Europe / Asia Russia / Japan Toyota Rav4 to be produced in Russia as of 2016 Toyota Motor Manufacturing Russia (TMMR), Toyota’s manufacturing facility in Saint Petersburg, Russia, has announced that it will start local production of the current generation Toyota RAV4 model as of 2016. Production is destined for Russia and Belarus. The Toyota RAV4 joins the Toyota Camry that has been produced since the start of operations of TMMR in 2007. This second model represents an investment of RUB 5.9 billion (equivalent to more than EUR 135 million) and in an initial stage additional employment is estimated to be 800 people. Including this new investment, total investment at TMMR will be around RUB 16 billion (equivalent to around EUR 370 million).
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digital monthly magazine CONCEPT TH
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Read right away! Holden VF Ute conq
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AUDI A3 CABRIOLET The new compact c
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Boasting a low-slung silhouette and
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Created under the direction of Kia
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OPEL INSIGNA COUNTRY TOURER INSIGNA
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SEAT LEON ST The new SEAT Leon ST,
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DATSUN GO+ PRESENTED IN JAKARTA kar
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AUTO NEWS OCTOBER PREVIEW THE NEW 9
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FOCUS THE NEW PEUGEOT 308 UNPRECEDE
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FOCUS - THE NEW PEUGEOT 308 The new
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FOCUS - THE NEW PEUGEOT 308 The Soc
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PEUGEOT 308 TECHNICAL SPECIFICATION
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Jaguar C-X17 The C-X17 has been cre
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BMW X5 eDrive Its innovative BMW eD
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Citroen Cactus Citroen Cactus is a
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Ford S-MAX The new Ford S-MAX Conce
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Infiniti Q30 The shape of the Infin
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Kia Niro The Kia Niro hints at a po
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Opel Monza Distinctive lines, high-
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Cars GlobalMag October 2013

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