Automotive News Europe - January 19, 2009 - 21

January 19, 2009 www.autonewseurope.com · PAGE 21 Estimated European registrations by country – December & YTD Dec. 2008 Dec. 2007 Percent change 12 mos. 2008 12 mos. 2007 Percent change Germany Italy United Kingdom France Spain Belgium Netherlands Poland Austria Romania Greece Sweden Portugal Hungary Ireland Denmark Czech Republic Finland Slovakia Slovenia Luxembourg Bulgaria Estonia Lithuania Latvia EUROPEAN UNION Switzerland Norway Iceland EFTA TOTAL Source: ACEA (www.acea.be) 225,981 140,656 108,691 153,686 72,377 21,837 7,247 29,654 15,712 18,852 7,938 17,156 21,158 10,540 188 8,395 10,304 4,474 6,393 3,161 2,761 3,617 985 1,029 963 893,755 23,026 7,819 46 30,891 924,646 241,905 162,223 137,960 182,548 144,441 23,695 8,963 26,677 18,768 24,143 10,414 30,750 15,348 12,930 493 13,838 10,551 2,097 5,293 4,319 2,926 6,035 1,812 1,760 2,253 1,092,142 22,683 9,222 850 32,755 1,124,897 –6.6 3,090,040 –13.3 2,160,131 –21.2 2,131,795 –15.8 2,050,282 –49.9 1,161,176 –7.8 535,947 –19.1 499,980 11.2 319,965 –16.3 293,697 –21.9 285,489 –23.8 267,242 –44.2 253,982 37.9 213,386 –18.5 155,909 –61.9 151,607 –39.3 149,967 –2.3 143,661 113.4 139,647 20.8 70,040 –26.8 68,533 –5.6 52,359 –40.1 45,143 –45.6 24,335 –41.5 21,514 –57.3 19,192 –18.2 14,305,019 1.5 287,489 –15.2 110,617 –94.6 9,033 –5.7 407,139 –17.8 14,712,158 3,148,163 2,493,106 2,404,007 2,064,543 1,614,835 524,798 505,538 292,376 298,182 312,532 279,794 306,794 201,816 171,661 186,540 162,684 132,542 125,617 59,700 65,511 51,332 43,521 30,902 20,988 32,497 15,529,979 284,688 129,195 15,942 429,825 15,959,804 –1.8 –13.4 –11.3 –0.7 –28.1 2.1 –1.1 9.4 –1.5 –8.7 –4.5 –17.2 5.7 –9.2 –18.7 –7.8 8.4 11.2 17.3 4.6 2.0 3.7 –21.3 2.5 –40.9 –7.9 1.0 –14.4 –43.3 –5.3 –7.8 Mercedes GLK class to cost about $5,500 less than BMW X3 in US German carmaker’s smallest SUV is aggressively priced in fast-growing market segment Diana T. Kurylko Automotive News Europe SANTA BARBARA, California With an entry price under $35,000 (about ¤26,246), Mercedes-Benz expects its new GLK class premium medium SUV to have a competitive edge in the US over four new competitors due later this year. Early this month the 2010 GLK class goes on sale in the US as the fourth and smallest vehicle in Mercedes’ SUV/crossover line. The GLK class has been on sale in Europe since June 2008 with a starting price of ¤40,341 including tax in Germany. Mercedes declined to give a sales forecast for the vehicle. But Ernst Lieb, CEO of Mercedes-Benz USA said at a press event here that it GLK class’s worldwide sales. The GLK class is entering a segment that Mercedes-Benz expects will grow to just under 140,000 units annually in the US by 2010 – a 72 percent leap from 2007 sales, said Bernhard Glaser, general manager for product management. This year, four GLK class rivals will go on sale – the Audi Q5, Lexus RX350 replacement, Volvo XC60 and Cadillac SRX. Mercedes’ pricing of $34,775 for the GLK class undercuts the BMW X3, which has a base of $40,225. Both prices include shipping. “Yes, it’s aggressively priced, but we need the sales,” said Lieb. “We don’t want to have a higher price and then offer incentives.” Mercedes-Benz expects the GLK class to be an entry point into the brand, said Glaser. With buyers shifting from larger vehicles to smaller ones, Glaser said “we see plenty of potential for the ANE GLK class.” Mercedes expects to sell up to 20,000 units a year of the GLK class in the US. makes little sense to import a vehicle without sales of at least 15,000 to 20,000 annually because of the cost of maintaining spare parts. Through October, Mercedes has sold 2,951 GLK class units in Europe, according to market researcher JATO Dynamics. Estimated European registrations by manufacturer – December & YTD Dec. Up to 40% of global sales Lieb said the US is expected to account for 35 percent to 40 percent of Dec. Percent change 12 mos. 2008 12 mos. 2007 Percent change Volkswagen division Audi Seat Skoda Other VOLKSWAGEN AG Peugeot Citroen PSA GROUP Ford division Volvo FORD MOTOR CO Opel/Vauxhall Chevrolet/GM Daewoo Saab GM U.S. GENERAL MOTORS Renault division Dacia RENAULT Fiat division Lancia Alfa Romeo Other FIAT GROUP BMW division Mini BMW GROUP Toyota Division Lexus TOYOTA MOTOR Mercedes-Benz Smart DAIMLER AG† NISSAN HYUNDAI HONDA SUZUKI MAZDA KIA MITSUBISHI Jaguar Land Rover JAGUAR LAND ROVER†† CHRYSLER LLC† OTHER TOTAL 113,311 47,292 20,734 31,311 79 212,727 61,907 54,271 116,178 74,289 18,274 92,563 81,393 11,483 3,962 281 97,119 59,431 12,976 72,407 56,277 7,208 7,110 348 70,943 46,732 8,182 54,914 41,944 1,527 43,471 40,353 8,557 48,910 18,482 18,601 16,765 14,576 12,195 13,809 6,061 2,053 3,945 5,998 4,297 4,630 924,646 114,830 47,175 28,157 37,077 178 227,417 70,185 60,157 130,342 89,531 20,512 110,043 94,138 14,762 6,868 406 116,174 83,937 15,784 99,721 66,382 6,777 9,383 390 82,932 58,342 10,836 69,178 65,535 2,679 68,214 49,128 7,996 57,124 20,109 26,527 19,091 21,269 14,588 21,509 10,054 2,237 6,390 8,627 10,135 11,843 1,124,897 –1.3 1,570,583 0.2 663,310 –26.4 336,210 –15.6 452,901 –55.6 3,546 –6.5 3,026,550 –11.8 1,007,713 –9.8 857,694 –10.9 1,865,407 –17.0 1,224,750 –10.9 236,485 –15.9 1,461,235 –13.5 1,155,422 –22.2 181,317 –42.3 64,916 –30.8 5,261 –16.4 1,406,916 –29.2 1,102,011 –17.8 184,109 –27.4 1,286,120 –15.2 957,267 6.4 113,978 –24.2 102,223 –10.8 6,521 –14.5 1,179,989 –19.9 675,454 –24.5 144,007 –20.6 819,461 –36.0 785,242 –43.0 29,339 –36.3 814,581 –17.9 687,199 7.0 101,756 –14.4 788,955 –8.1 337,913 –29.9 271,064 –12.2 264,238 –31.5 250,888 –16.4 245,062 –35.8 234,965 –39.7 119,956 –8.2 37,587 –38.3 69,309 –30.5 106,896 –57.6 93,315 –60.9 138,648 –17.8 14,712,158 1,632,353 661,676 386,565 482,355 4,541 3,167,490 1,107,524 944,505 2,052,029 1,276,651 265,159 1,541,810 1,343,527 201,067 84,016 5,593 1,634,203 1,208,461 173,337 1,381,798 976,749 122,093 144,220 5,807 1,248,869 704,233 144,928 849,161 890,598 39,512 930,110 743,314 95,092 838,406 310,700 305,552 313,484 286,400 240,050 253,422 142,906 33,387 92,718 126,105 120,440 216,869 15,959,804 –3.8 0.2 –13.0 –6.1 –21.9 –4.4 –9.0 –9.2 –9.1 –4.1 –10.8 –5.2 –14.0 –9.8 –22.7 –5.9 –13.9 –8.8 6.2 –6.9 –2.0 –6.6 –29.1 12.3 –5.5 –4.1 –0.6 –3.5 –11.8 –25.7 –12.4 –7.5 7.0 –5.9 8.8 –11.3 –15.7 –12.4 2.1 –7.3 –16.1 12.6 –25.2 –15.2 –22.5 –36.1 –7.8 After Europe, JCI may cut US workweek David Barkholz & Robert Sherefkin Automotive News Europe DETROIT Johnson Controls Inc. is bringing component work in-house and experimenting with shorter factory workweeks to deal with massive worldwide vehicle production cuts in the first half of the year, said JCI Automotive President Beda Bolzenius. Bolzenius said JCI is looking to shift component production from suppliers to its factories to use that capacity better. Components include seat structures, welded parts, stampings and others, he said. The shift of partsmaking to JCI also protects the company from potential production interruptions that could crop up due to a strained North American supply base, Bolzenius said. “Make-or-buy decisions are being judged differently from a year ago,” he said. Bolzenius said he has never experienced the type of vehicle production cuts and consumer uncertainty wreaking havoc with business plans. North American vehicle cuts are pegged at about 25 percent to 30 percent, he said. Bolzenius said the key is flexibility. JCI has started cutting some workweeks in Europe to three and four days, including a 2-3-day arrangement at plants in Spain. No North American plants have yet gone to that setup. But JCI has cut shifts and work Bringing more of its component work in-house is just one of the measures Johnson Controls is using to deal with global auto production cuts. force to align its plant production with that of customers, Bolzenius said. one of three units. That division is among the healthiest auto suppliers in the world – the company is one of only three North American suppliers still rated at investment grade by Standard & Poor’s. But it is growing slower than JCI’s energy management and facilities segments. JCI ranks No. 7 on the Automotive News Europe list of the top 100 global suppliers with worldwide sales to automakers of $18.50 billion in its ANE 2007 fiscal year. †DaimlerChrysler sold the Chrysler group on Aug. 3, 2007; Chrysler LLC and Daimler AG totals through July 2007 are extracted from DaimlerChrysler. ††Ford Motor Co. sold Jaguar and Land Rover to Tata Motors on June 2, 2008; Jaguar’s and Land Rover’s sales through May 2008 are included with Tata Motors for comparison purposes only. Note: Europe includes the EU plus Iceland, Norway and Switzerland (includes Liechtenstein) but not Malta and Cyprus. GM US includes IBC/Isuzu. Fiat Group Other includes Ferrari and Maserati. VW Other includes Bentley, Lamborghini and Bugatti. Source: ACEA (www.acea.be) Budget cuts JCI cut its worldwide capital spending budget by more than onethird in 2009 to $600 million to $650 million (about ¤449 million to ¤486 million), Bolzenius confirmed. The largest cuts occurred in its automotive budget, he said. The automotive division of JCI is Automotive stock watch Two-week share price movement of major auto companies Manufacturers Currency BMW (€) DAIMLER (€) FIAT (€) FORD MOTOR ($) GENERAL MOTORS ($) HONDA MOTOR (¥) NISSAN MOTOR (¥) PEUGEOT (€) PORSCHE (€) RENAULT (€) TOYOTA MOTOR (¥) VOLKSWAGEN (€) Closing price Closing price Jan. 15, ’09 Jan. 1, ’09 19.7 22.0 23.9 26.4 4.9 4.6 2.2 2.3 3.9 3.2 1,862.0 1,906.0 314.0 320.0 14.1 12.2 48.2 55.8 17.3 18.6 2,840.0 2,905.0 240.1 250.1 Closing price Closing price Suppliers Currency Jan. 15, ’09 Jan. 1, ’09 AUTOLIV ($) 20.0 21.5 CONTINENTAL (€) 19.6 28.5 DELPHI ($) 0.1 0.0 ELRINGKLINGER (€) 6.4 7.2 FAURECIA (€) 10.5 9.9 GKN (£) 94.5 97.0 JOHNSON CONTROLS ($) 17.1 18.2 LEAR ($) 1.1 1.4 MAGNA INTL. (C$) 37.5 36.8 MICHELIN (€) 36.2 37.6 SIEMENS (€) 43.3 52.8 SOGEFI (€) 1.3 1.2 THYSSENKRUPP (€) 16.5 19.2 VALEO (€) 9.2 10.6 WAGON* (£) 1.3 1.3 Source:
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Automotive News Europe - January 19, 2009

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