The European Union is committed to free trade negotiations with Japan

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The European Union is committed to free trade negotiations with Japan
- The European Union passed a resolution on October 25 to open free trade negotiations with Japan.  According to the resolution, non-tariff barriers create benefits - traditional or regulatory - for local businesses, and are more difficult to remove than tariffs. In the past, such barriers have prevented European firms to take full advantage of trade opportunities with Japan. Exports from the European Union to Japan could rise to 71% if the tariff and non-tariff barriers were reduced as much as it is possible.
- MEPs insist, however, on the fact that the negotiating mandate should include "clear and measurable objectives" for removal of non-tariff barriers such as the "rules of land use“, the restrictions on electric and hybrid cars, and preferential treatment enjoyed by midgets in Japan (cars under 660cc).
- The association of European manufacturers (ACEA) has clearly taken a stand against such an agreement. The main arguments are the asymmetry of the situation between Europe and Japan. In the context of such a free trade agreement, the Japanese would be much better off than the European manufacturers.

 


45-1

Ford decides to close Genk and Southampton plants

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Ford decides to close Genk and Southampton plants

Ford closes the Genk plant while the new generation of Mondeo, S-Max and Galaxyare to be launched in 2013.A success could have boosted the site activity.

Even if new capacities have been set up in Romania (however lower than in Belgium), the choice of closing Belgian and British plants lets to think that Ford is not confident in a recovery of the European market. As its competitor GM, Ford gives the feeling to have a plan to ebb from a declining European market and turn towards more profitable regions like North America, Brazil, Russia, India and China.

 

With its restructuring process and its product plan, Ford targets a return to profits in Europeas soon as in 2015. The group unveiled a long term operational margin objective of 6 to 8% for Europe in 2015.


44-4

The Algerian market recorded a strong increase in 2012

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The Algerian market recorded a strong increase in 2012

- Algeria has registered 419,000 new vehicles during the first nine months of 2012, which represents an increase of 40.1% compared to the same period last year.
In detail, the forty dealers Algeria imported 397,000 vehicles (+41.6%), while individuals have imported 22 000 (17%).

- The bounce in new vehicle sales is explained by the improved purchasing power of citizens in recent years, resulting from the different wage increases for workers (in the public sector in particular).

- The French vehicles traditionally occupy the first place of Algerian imports (see graph below), followed by Hyundai.

- Faced with rising car market recorded since 2010, the Algerian authorities want to create a national car industry. After two years of negotiations, the Algerian government and Renault signed a joint venture agreement to build a plant in Algeria. This site should be able to produce 75,000 vehicles per year and 150,000 units.

 


45-4

10.9 % decrease of the European market in September 2012 versus September 2011

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10.9 % decrease of the European market in September 2012 versus September 2011

- The European market of 27 countries decreased by 10.9% in September 2012 versus September 2011 down to 1 130 543 units, 

- This market decreased by 7.3 % on the cumulative 9 months down to 9 702 717 units.

 44-8

The brands impacted by the volumes drop in Europe in the first half of 2022

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The brands impacted by the volumes drop in Europe in the first half of 2022

- In a European passenger car market down 13.8% in the first half of 2022 compared to the first half of 2021 (but up 9.6% compared to the first half of 2020 and down 33.6% compared to first half of 2019), only seven European, American, Japanese and Korean brands plus all the Chinese brands imported into Europe are progressing compared to last year.


- The Koreans Hyundai and Kia, the Japanese Honda, the French DS, the Romanian Dacia, the German Porsche and the American Tesla progressed by 10% to 30% while all the Chinese carmakers progressed by 90% with a volume of overall sales approaching that of Tesla (72,000 sales compared to 80,000).


- The brands that suffered the most in the first half of 2022 are Jaguar (-43.2%) and Smart (-37.2%) whose production in Europe is known to be scheduled to fall to zero in 2024, Jaguar due to the renewal of its range in 2025 and Smart due to the launch in China in 2022 of the new B-segment Smart (the A-segment Smart being definitively discontinued). But other brands are also in great difficulty such as Suzuki (-35.2%), Land Rover (-31.8%), Volvo (-28.5%), Lexus (-26.0%), Fiat ( -25.3%), Skoda (-25.0%), Citroën (-24.7%), Volkswagen (-23.4%), Seat (-21.4%), Peugeot (-21.3% ), Jeep (-20.6%), Lancia (-20.6%) and Renault (-20.3%).


- Mainstream brands are therefore particularly affected. The German premium brands Audi, BMW and Mercedes are seeing their sales decline more modestly, and we have seen above that Porsche is continuing to progress. It is true that many carmakers now favor profitability more than volume, which leaves room for Chinese carmakers to enter the breach, but for the moment their influence remains weak (1.3% of the market excluding Volvo).

 
22-20-1
 
    

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