Edition of 01/27/2021

Europe: the commercial vehicle held up better than the passenger car in 2020

Down 18%, the LCV market fell less than passenger cars (-23.7%) in Europe. The industrial vehicle market, on the other hand, was more affected (-28.3%).

Markets

Premium brands held up well in 2020, thanks to their strong presence in China

Thanks to their progress in China, premium manufacturers held up fairly well in 2020, recording declines ranging from -6.2% (Volvo) to -8.3% (Audi). Mercedes (-7.5%) retained for the 5th consecutive year the head of the world premium market.

Markets

Changes within Avis Budget Group

Since January 1, 2021, Laurent Sculier has integrated the Central region of Avis Budget Group into his functions, succeeding Martin Gruber. Pierre-Olivier Bard becomes Managing Director France of Avis Budget as of February 1, 2021.

Movements

Hyundai: 78% increase in net profit in the 4th quarter

(AFP) – Hyundai posted net profit up 78% in the fourth quarter, as South Korea’s largest automaker weathered the consequences of the pandemic thanks to strong domestic sales that offset weak foreign demand.

Builders

EU approves 2.9 billion aid for new European battery project

(AFP) – The European Commission on Tuesday approved public aid of 2.9 billion euros from 12 member states, including Germany, France and Italy, for a large European research project on batteries of new generation.

Markets

Mokka’s fault, the Dubreuil group exhibits holograms in its Opel showrooms

The Mokka will not arrive in Opel dealerships until March, but it is already virtually present in 6 dealerships of the Claro Automobiles group (Dubreuil group), through an original holographic system.

Networks

Germany: auto sector expects limited market rebound in 2021

(AFP) – The German automotive sector, pillar of the country’s industry, expects in 2021 a rebound of 8% of the market, which will remain “well below” its pre-Covid level, hoping for an improvement in the medium term of semiconductor supply.

Markets

Manufacturer category

Hyundai: 78% increase in net profit in Q4

(AFP) – Hyundai posted net profit up 78% in the fourth quarter, as South Korea’s largest automaker weathered the consequences of the pandemic thanks to strong domestic sales that offset weak foreign demand.

01/27/2021

Dieselgate: the trial of the former Volkswagen boss postponed to the end of April

(AFP) – The start of the criminal trial of former Volkswagen boss Martin Winterkorn over the rigged engine scandal has been postponed to the end of April due to the Covid-19 pandemic, announced on Monday. court.

01/26/2021

Renault employees guaranteed to have a profit-sharing bonus thanks to the CO2 average

As the Renault group’s profit-sharing agreement provides for an extra-financial criterion this year, it will not be a blank year for employees. They will receive an incentive bonus thanks to the CO2 average of sales in Europe.

01/26/2021

Stellantis: a new AGM on March 8 for Faurecia shares

(AFP) – The shareholders of the new Stellantis group, which brings together PSA and Fiat-Chrysler, will have to approve on March 8 the distribution of PSA shares in the equipment manufacturer Faurecia, the group said on Monday.

01/26/2021

Nissan believes in its future in UK thanks to post-Brexit deal

(AFP) – Japanese automaker Nissan has confirmed its commitment to the UK, where it has the country’s largest auto plant in Sunderland, thanks to the post-Brexit trade deal, which the government immediately welcomed.

01/25/2021