Category Blog

Details: Published: 06 September 2022

Geely will be in position to benefit from the Volvo know-how

- Volvo Cars and Geely signed an agreement under which the Swedish company authorizes the transfer of its technology to its parent.

- Geely announced that it has signed several technological cooperation agreements to access the expertise of Volvo regarding its platform of medium-sized vehicles, the indoor air quality and safety. Geely and Volvo had already announced that a technology transfer would be possible, as Volvo owns advanced skills in a wide range of technologies.

- These technologies, as well as these skills, are critical to the Geely Group to expand into foreign markets and improve the quality of its products.

- In exchange, Geely will enable Volvo to be more competitive in the Chinese market and reduce its production costs.

Data source: File #104 - Worldwide production by makers and country

Details: Published: 06 September 2022

8 models nominated for the election of the « Car of the Year »

- As every year on the sidelines of Geneva Motor Show, the election Car of the Year will be held in March 2013.

- The jury for this election is traditionally composed of 58 automotive journalists from 22 European countries.

- Among the 35 new products launched in Europe last year, only 8 were nominated to compete for the valuable prize. In alphabetical order, here is the list of nominees: Ford B-Max, Hyundai i30, Mercedes A Class, Peugeot 208, Renault Clio IV GT86/Subaru BRZ Toyota, Volkswagen Golf VII Volvo V40.

- The Audi A3, BMW 3 Series, the Dacia Sandero II, Fiat 500L, the Kia Cee'd and Adam Opel have not be retained.

- Unlike the two previous years (in 2011 : Nissan Leaf - in 2012 : Chevrolet Volt / Opel Ampera), the Car of the Year will not be a hybrid or electric model, but a classic combustion engine vehicle.

Data source: File #10 - Start of Production (SOP) in Europe of new and modified vehicles

Details: Published: 06 September 2022

2012 French market suffered from purchases anticipated over the period 2009-2012

- The French market has benefited from scrapping schemes between 2009 and 2011, encouraging consumers to bring forward purchases. A phenomenon exacerbated by the deferral of vehicle purchases in 2008 due to the global financial crisis and its consequences.

- Between 2000 and 2011, the market average was 2.1 million units, while sales reached 2.27 million units in 2009, 2.2 million in 2010 and 2.17 million in 2011. The French market has accumulated over the past three years an additional volume of 360,000 cars compared to the average.

- Sales volume in 2012 was 1.86 million units, 240,000 units less than the average of the last ten years. The year 2013 should theoretically be around 1.98 million units, i.e. showing a decrease of 120 000 units compared to the average market.

- The economic context associated with new patterns of consumption, however, may lower volume of French automobile market down to 1.8 million units per year in the years to come.

Data source: File #52 - Monthly registrations by countries and by makes

Details: Published: 06 September 2022

Renault-Nissan will own 50.1% of AvtoVAZ’s capital

- The Renault-Nissan group will hold 50.1% stake in the Russian carmaker AvtoVAZ. The Euro-Japanese group had already acquired 25% stake in AvtoVAZ in 2008.

- The agreement signed between the two partners states that Renault-Nissan will invest 23 billion rubles (560 million Euros) in the Russian manufacturer:

•Renault will invest 11.3 billion rubles (€ 275 million).

•Nissan will invest 11.7 billion rubles (€ 285 million).

- The Renault-Nissan group (including AvtoVAZ) owns 31% of the Russian market in 2012. With this takeover of AvtoVAZ, Renault-Nissan group's target is to occupy 40% of the Russian market in the medium term.