Category Blog

Details: Published: 06 September 2022

5 carmakers account for over 50% of global sales

- According to the German Institute for Automotive Research CAR, the top 5 global manufacturers (Toyota, Volkswagen, General Motors, Renault-Nissan and Hyundai-Kia) would sell a total of 42.6 million vehicles in 2012, representing a global market share of 53.1%.

- In 2011, these five manufacturers had sold 39.1 million vehicles, representing a global market share of 53.3%.
In 2010, these five manufacturers had sold 37 million vehicles, representing a global market share of 52.5%.

- In addition, the Institute also believes that the CAR Korean Hyundai-Kia is the manufacturer who has the greatest room for improvement and could become the first global automotive group in 2020, thus barring the Volkswagen target to become the first manufacturer World from 2018.

Details: Published: 06 September 2022

Renault confirms its commitment to Spain

- Renault announced the company’s new 2014-2016 Industrial Plan on 21st November 2012:
“Renault has decided to assign the Palencia plant with two new vehicle platforms, one a derivative of the other, and shared with Nissan. The new platforms cover four vehicle bodies in all, annual production of which will total up to 280,000 units.”

- From our information, the “two new vehicle platforms, one a derivative of the other” would be the new Megane (220 000 units/year) with its derivative SUV (Baby Koleos, 60 000 units/year). The four vehicle bodies would relate to 3 versions of the new Megane (sedan, estate, coupe) and the SUV version.

- The carmaker has also confirmed the “launch phase production of a small B-vehicle” (Captur) at Valladolid plant.

- After several years of strong decrease, particularly of French and American companies, automotive production in Spain will increase again in the next years (see Inovev’s forecast here underneath).

- Both French and American carmakers are launching new models.

Details: Published: 06 September 2022

Chery and Jaguar Land Rover start a joint venture plant in Changshu

- Chery and Jaguar Land Rover have announcec on 18 November 2012 that they have laid the foundation stone of a new plant in Changshu close to Shanghai. This plant comes as a part of the new 50:50 % Joint-Venture of the two companies.
It will produce the models Freelander and Evoque.

- Jaguar Land Rover is controlled by the Indian conglomerate Tata.
It is specialized in high-end range cars as well as SUV.
These segments are under strong demand in China.

- Chery has a wide range of cars.
It is more specifically known for its small car such as QQ wghich is a copy of the Chevrolet Matiz.
It is however also present on the SUV market, in particular with the Tiggo.

- The alchimie between the two carmakers allying a srong technical expertise from Jaguar and Landrover in luxury SUVand the presence on the market of Chery should enable the new JV to compete in a good position with the players already on the market.


Land Rover Freelander	Range Rover Evoque	Chery Tiggo

Details: Published: 06 September 2022

The worldwide automotive fleet might double from now to 2035

- According to the International Energy Agency (IEA):

•The number of vehicles on the roads in the world might double from 870 million units currently to 1.7 billion units in 2035, driven by growth in emerging countries.

•The motorization rate of China, which is already the second automotive market after Europe, might increase from 40 cars per 1 000 inhabitants in 2010 to 310 cars in 2035. Its fleet, which currently account for 60 million vehicles, might exceed the 400 million units at this horizon. The number of cars in India might increase from 15 million units currently to 160 million units in 2035.

•In terms of motorizations, the Agency states that internal combustion engine vehicles will continue to dominate the market for light vehicles until 2035. At this horizon, electric vehicles might represent 4% of sales, hybrids 21% i.e. a quarter of the market altogether. In 2011, only 40,000 electric vehicles were sold in the world.

- From the point of view of Inovev however, these figures must be treated with caution, because they are based on a continuity of mobility modes. And breaking scenarii are quite possible in the next 20 years.

Details: Published: 06 September 2022

Brakes on alliance GM/PSA

- According to the press agency Reuters (13/11/2012), General Motors and alliance partner PSA Peugeot Citroen have halted talks on

a deeper tie-up amid misgivings about the French carmaker's worsening finances and government-backed bailout, people familiar with

the matter said.

- The companies, already pursuing an operational partnership announced in February, had also been exploring a full combination of

Peugeot with GM's European unit Opel, which is based in Germany.

Two sources with direct knowledge of those discussions said they were broken off after Peugeot accepted a state guarantee for its

lending arm last month and announced a further deterioration of its cash position.