Peugeot buys “Ambassador” brand rights from Hindustan Motors

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Modified & restored Hindustan Motors Ambassador

KOLKATA: Ambassador, the iconic Indian car brand that till less than a decade ago carried both the Prime Minister and the common man, is being sold to French carmaker Peugeot.

The C K Birla Group-owned Hindustan Motors formalised the deal for Rs 80 crore on Friday. Production of Ambassador cars had stopped around three years ago.

“We have executed an agreement with the Peugeot SA Group for the sale of the brand Ambassador, including the trademarks… We intend to use the proceeds from the sale to clear dues of employees and lenders,” a CK Birla Group spokesperson said.

To those who grew up in the 1960s and 70s, Ambassador wasn’t just a car; it was an inseparable part of India’s urban landscape.

The car’s absence of looks was never in doubt. But in an era of limited choices, the spacious fourwheeler was the preferred choice for most Indians who could afford it. Even today for many, the car remains synonymous with memories of their fonder and younger days and a marker of a more innocent India.

It is not clear if Peugeot will use the Ambassador brand for its cars in India. A questionnaire mailed to the French company remained unanswered.

The Ambassador brand was introduced seven decades ago when Hindustan Motors launched the Morris Oxford series II (Landmaster) in a new avatar with minor changes.

peugeot-logo-2010-1920x1080Peugeot to re-enter India through a joint venture with CK Birla Group

PSA Group, the France-based carmaker and owner of automotive brands like Peugeot and Citroen, will soon re-enter the Indian market. The company is reportedly in talks with the New Delhi-based CK Birla Group for a probable manufacturing venture. An official announcement about the same is expected to be made by the end of this week. Though detailed information hasn’t…read more

Source: Link

Groupe Renault has acquired PVI, a specialist in the electrification of Light Commercial Vehicles

• With the acquisition of PVI, which specialises in the conversion of commercial vehicles to natural gas or electricity, Renault will be able to step up the implementation of new technologies, especially in the field of electric LCV conversions
• This acquisition is in line with the Group’s LCV growth strategy

Boulogne-Billancourt, February 6th, 2017 – Groupe Renault today announced the acquisition of French company PVI, short for Power Vehicle Innovation, with a view to accelerating the growth of its Light Commercial Vehicle business.

The assets of PVI, which boasts recognised expertise in the design and conversion of commercial vehicles running on natural gas or electricity, complement those of Renault. PVI’s expertise and small-scale, flexible production facility will benefit Renault, while Renault will provide economies of scale for the purchasing of components as well as a significant technology portfolio.

“We are very pleased to welcome PVI’s team specialising in electric conversions to Groupe Renault,” says Ashwani Gupta, SVP, LCV Division. “This acquisition is part of the Group’s strategy to develop its business by proposing a complete range of electric LCVs coupled with connected services. As the number one European manufacturer of electric LCVs, this is a unique opportunity for our teams to work on the next generation of this type of car. Together we will continue to innovate to ensure increasing proximity with our business customers while addressing their every need.”

PVI has previously worked with Groupe Renault on the development and electrification of the upcoming Renault Master Z.E. This large van, which was unveiled at the Brussels Motor Show on January 13, 2017 and which is due to be launched before the end of 2017, will extend the Group’s existing range of electric LCVs. The catalogue currently features four products and is unmatched anywhere in the world.

2017 BRUSSELS MOTOR SHOW: RENAULT CONTINUES MOMENTUM IN ELECTRIC VEHICLES WITH MASTER ZE AND NEW KANGOO ZE

Through its Renault Pro+ brand, Renault is unveiling an extended custom offering in its zero-emission range at the Brussels Motor Show, with world première appearances for Master ZE and New Kangoo ZE. With these new arrivals, Renault fields a unique line-up of four electric light commercial vehicles……read more

This acquisition also includes Escal, a subsidiary in which PVI has a 95 percent stake. Escal specialises in the distribution, installation and maintenance of security systems for lifting vehicles. Escal itself manages PVI’s service, maintenance and mechanical integration activities. Both PVI and Escal, with a combined workforce of 93 employees, are attached to the Groupe Renault’s LCV Division.
About Groupe Renault

Groupe Renault has been making cars since 1898. Today it is an international multi-brand group, selling more than 2.8 million vehicles in 125 countries in 2015, with 36 manufacturing sites, 12,000 sales outlets and employing more than 120,000 people. To meet the major technological challenges of the future and continue its strategy of profitable growth, the Group is harnessing its international growth and the complementary fit of its three brands, Renault, Dacia and Renault Samsung Motors, together with electric vehicles and the unique Alliance with Nissan. With a new team in Formula 1 and a strong commitment to Formula E, Renault sees motorsport as a vector of innovation and brand awareness.

About Power Vehicle Innovation (PVI)

Power Vehicle Innovation or PVI is a French truck and bus manufacturer, based in Gretz-Armainvilliers near Paris, France, specialized in electric powertrains. PVI is a former subsidiary of Ponticelli Frères. Its current stockholders are the Marcel Dassault Industrial Group, the financial institution Centuria Capital and a business management holding company (Sovibus). PVI has been the first company in France to market Electric buses, like the Oréos 55E, which is used by the RATP on a touristic bus line in Paris, the Montmartrobus. More than half of the French electric buses in circulation in 2003 have been distributed by PVI.

Source: Groupe Renault press release

GROUPE RENAULT: 2016 WORLD SALES RESULTS

RECORD SALES FOR GROUPE RENAULT, UP 13.3% TO 3.18 MILLION VEHICLES IN 2016 FOR THE LAST YEAR OF THE RENAULT DRIVE THE CHANGE

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  • Record year-on-year increase of 374,000 units (13.3%), up to 3.18 million vehicles sold in 2016.
  • Record year for Renault, top French brand worldwide, and Dacia, and Renault Samsung Motors volumes up by 38.8%.
  • Market share up in all regions: Renault brand number-two in Europe, while the Alliance is the number-two automotive group.
  • Sustained growth ambitions for Renault in 2017, with young product range, new releases, and international development.

WORLD SALES RECORD

Under the impetus of the Renault – Drive the Change plan, sales are on the rise for the fourth year running, making Groupe Renault the number-one French automotive group worldwide, with 3,182,625 vehicles registered in 2016.

Groupe Renault worldwide passenger car and light commercial vehicle sales rose by 13.3% in 2016, against 4.6% for the market as a whole. The group’s share of the world automotive market stands at 3.5% (up 0.3 points vs 2015). Both Renault and Dacia brands have registered record sales. Renault keeps its position as the world’s leading French brand. Renault Samsung Motors sales rose by 38.8%.

The group continued to benefit from buoyant conditions on the European automotive market (up 7% on 2015), with registrations up 11.8% to 1,805,290, for a market share of 10.6%.

Outside Europe, Groupe Renault achieved record sales in 2016, up 15.3% on 2015 against growth of 5.2% on the market as a whole. Volumes and market shares were up in all regions.

“In 2016 we sold 3.18 million vehicles worldwide, setting a new sales record. Our strategy of product range renewal and geographic expansion, under way for several years now, has proven to be successful. It enables the Groupe Renault to progress significantly in terms of volume and market share in each region.” notes Thierry Koskas, member of the Executive Committee and Group Executive VP for sales & marketing.
RENAULT SECOND BRAND IN EUROPE

In Europe, Groupe Renault’s market share (passenger cars and light commercial vehicles) rose by 0.5 points to 10.6%. Registrations rose by 11.8% to 1,805,290. Sales were up in all the countries in the region.

Sales were up again for the Renault brand, which becomes Europe’s second biggest automotive brand. With 1,390,280 vehicle registrations (up 12.1% on 2015), Renault’s market share rose 0.4 points on 2015 to reach 8.1%.

On the passenger car market, Renault’s market share rose more than any other brand in Europe, by 0.4 points. It is mainly due to the successful product range renewal programme including Espace, Talisman and the Megane family. New Scenic got off to a good start, with more than 19,000 orders in its first quarter on the market.
Renault kept its leadership in B-segment city cars, owing to successful showings from Clio and Captur, which heads its segment at 215,670 units.

On the European light commercial vehicle market, Renault brand sales rose 9.9% to reach 296,187 vehicles, for a market share of 14.8%.

After eleven years on the European market, Dacia brand sales were again up in 2016 (by 10.8%), at a record 415,010 registrations.

The Renault brand stays at the top of the European electric vehicles market, with sales up by 11 % at 25,648 units (excluding Twizy). ZOE heads the electric passenger car ranking with 21,735 registrations (up 16%) and Kangoo Z.E. the electric light commercial vehicle market with 3,901 vehicles sold.

In France, Groupe Renault achieved its best sales performance in five years. Renault widened its lead as France’s leading automotive brand, with a 22.3% of the passenger car and light commercial vehicle market, while Dacia sales hit a record high of 112,000 units, ranking fourth for sales to private motorists.
INTERNATIONAL GROWTH

Despite uneven economic situations across the globe, Groupe Renault strengthened its positions to increase its market share in all regions. Again, its product range renewal programme bore fruit, with Kwid in India, QM6 and SM6 in Korea, Kaptur in Russia, Koleos in China, Megane Sedan in Turkey and Oroch in Latin America.

In the Africa / Middle East / India region, Groupe Renault registrations rose by 36.4%, giving a market share of 6.2% (up 1.7 points).
In India, Renault kept its position as best-selling European automotive brand, with sales up by 145.6%. Kwid registrations totalled 105,745. India rose five places to become the group’s eighth biggest market worldwide.
In Iran, sales boomed by 110.7% to give Groupe Renault an 8.4% market share, up 3.7 points on 2015. The group has reclaimed its position as a major player on the Iranian market, doubling its market share in a single year thanks to successful performance from Tondar and Sandero.
In North Africa, Groupe Renault holds a 38.5% market share, up by 4.9 points. In Algeria, its market share reached a record 51.3% in 2016, up by 15.7 points, benefiting from local production of Symbol.
In Morocco, where Dacia and Renault hold first and second places respectively, Groupe Renault registrations rose by 22.5%, with record sales yielding a market share of 37.8%.

In the Eurasia region, registrations rose by 2.3% despite market shrinkage of 6.3%. Market share rose accordingly, by 1.1 points to 13.0%, largely driven by strong performance with record sales in Turkey (up 4.4%). New Megane Sedan got off to a good start, with orders topping 13,200 in the first two months.
Sales growth in most of the countries in the region offset the impact of the economic crisis in Russia, where the market collapsed by 10.8%. Renault was able to contain the decline in its sales here at 2.6%, to achieve a record market share of 8.2%, up by 0.7%, chiefly owing to successful performance from Kaptur, which sold more than 14,600 units since it was launched in June.

In the Americas region, Groupe Renault sales rose by 0.1% despite market shrinkage of 4.1%, holding up well to the economic difficulties with a market share of 6.5%, up by 0.3 points.
In Brazil, market share rose by 0.2 points to a record 7.5%, on a market that slipped back 19.8% thanks to the successful performance of Duster Oroch. In 2017, the group will benefit of its brand new SUV range with Captur, Kwid and New Koleos as well as the arrival of Alaskan. The Renault brand continues to reap the benefits of pickup on the Argentinian market, with registrations up by 24.8% against growth of 9.1% in the market as a whole. In Colombia, sales volume and market share hit records (21.3%).

In the Asia Pacific region, Renault Samsung Motors sales rose 38.8% in South Korea despite the 0.3% shrinkage of the market: the market share was up 1.7 points at 6.2% thanks to the successful launches of SM6 and QM6 in 2016. QM6 orders reached 21,000 in just four months.
In China, following release of Kadjar, the first vehicle made locally by the Dongfeng Renault joint venture, Renault sales rose by 50.8% against market growth of 14.0%. New Koleos orders approached 10,000 in just two months.
GROUPE RENAULT SALES OUTLOOK FOR 2017

In 2017, the global market is expected to grow by 1.5% to 2% compared with 2016. The European market is also expected to increase by 2%, with a 2% increase also for France.

At the International level, the Brazilian and Russian markets are expected to become stable. China shall grow by 5% and India by 8%.

Groupe Renault should continue to reap the benefit of product range renewal in Europe, and of the strong dynamic on international markets, with Kwid in India, Koleos and Kadjar in China, Kaptur in Russia, QM6 and SM6 in South Korea, and Alaskan plus the SUV range in Latin America.

Groupe Renault therefore expects a sustained growth in sales volumes and market shares in Europe and in the international markets.

Group sales by region PC+LCV

December Ytd*
2016 2015 % var.
France 651,778 607,173 7.3%
Europe** (Excl France) 1,153,512 1,007,018 14.5%
France + Europe Total 1,805,290 1,614,191 11.8%
Africa Middle East India 491,151 360,029 36.4%
Eurasia 364,451 356,216 2.3%
Americas 354,370 354,072 0.1%
Asia Pacific 167,363 124,418 34.5%
Total Excl France + Europe 1,377,335 1,194,735 15.3%
World 3,182,625 2,808,926 13.3%

* Sales    
** Europe = European Union, except Romania, Bulgaria & Island,  
Norvway & Switzerland, Albania, Bosnia, Macedonia, Malta, Montenegro, Serbia

 

Sales by brand

December Ytd*
2016 2015 % var
RENAULT      
PC 2,094,542 1,829,832 14.5%
LCV 392,767 348,127 12.8%
PC + LCV 2,487,309 2,177,959 14.2%
RENAULT SAMSUNG MOTORS      
PC 111,097 80,028 38.8%
DACIA      
PC 542,542 511,501 6.1%
LCV 41,677 39,438 5.7%
PC + LCV 584,219 550,939 6.0%
GROUPE RENAULT      
PC 2,748,181 2,421,361 13.5%
LCV 434,444 387,565 12.1%
PC + LCV 3,182,625 2,808,926 13.3%

 


Groupe Renault: 15 markets – December Ytd

    Volumes  2016* MS VP+VU 2016
(units) (% )
1 FRANCE 651,778 26.87
2 GERMANY 198,609 5.49
3 ITALY 190,610 9.37
4 SPAIN 170,272 12.90
5 TURKEY 169,236 17.20
6 BRAZIL 149,977 7.55
7 UNITED KINGDOM 138,642 4.51
8 INDIA 132,235 3.95
9 RUSSIA 117,227 8.21
10 SOUTH KOREA 111,087 6.19
11 IRAN 108,536 8.44
12 ARGENTINA 99,097 14.50
13 BELGIUM+LUXEMBOURG 92,247 13.82
14 MOROCCO 61,726 37.84
15 ALGERIA 61,249 51.32

*2016 full year (sales), excl Twizy

Faurecia ups it’s Earnings Guidance after seeing a strong first half in 2016

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Driven by strong organic growth in Europe, Faurecia’s profitability in the first half of 2016 exceeded expectations encouraging the company to up the earnings guidance for the next quarter.

French car parts supplier raised its full-year guidance on profit and cash generation after reporting a stronger first-half performance in Europe.

European carmakers have been upgrading their European auto market forecasts since the start of the year as the recovery in demand gathers pace.

Faurecia’s operating income rose to 490 million euros ($539.2 million), or 5.1 percent of total sales, over the first six months of the year compared with 384 million euros a year ago.

“Faurecia’s robust profitability in the first half of 2016 … was driven by a strong organic growth in Europe, clearly outperforming automotive production, a profitability breakthrough in North America and robust profitability in Asia,” Chief Executive Patrick Koller said in a statement on Monday.

Faurecia, which is 47 percent owned by French carmaker PSA Peugeot Citroen, said it expected operating margin on total sales of no less than 5 percent, versus its previous guidance of 4.6 to 5 percent.

The company also targeted net cash flow of minimum 300 million euros, compared with its earlier expectation of around 300 million euros.

Faurecia confirmed its guidance on total sales growth in 2016 of 1 to 3 percent.

via: Reuters