Obbligazioni societarie Monitor bond case automobilistiche e accessorio auto

oggi imbarazzante crollo degli automotive francesi c' è qualche news che mi sono perso?

Venerdì sono arrivati i dati delle vendite sul mercato europeo allargato di febbraio 2009: pessimi soprattutto per le francesi e le premium tedesche (BMW e MB)... Bene VW (che con Audi sopravanza le due altre premium tedesche per la prima volta) e Ford, si difendono Fiat e i nipponici.

Se puoi recupeare il Sole di sabato, ampio articolo a pagina 15, prima pagina di economia ed imprese.

European Car Sales Drop 18% as Recession Hits Once-Booming East

By Chris Reiter

March 13 (Bloomberg) -- European car sales plunged 18 percent in February as the global recession stifled demand for Opel, Mercedes-Benz and BMW models, especially in the once- booming eastern part of the continent.

Registrations fell to 968,159 vehicles last month from 1.19 million a year earlier, the Brussels-based European Automobile Manufacturers’ Association said in a statement today. It was the sharpest February drop since the organization began recording data in 1990 and follows a 27 percent drop in January, which was the steepest in a contraction that’s extended to 10 months.

The slumping economy and tight credit markets have taken a toll on the auto industry. Volkswagen AG, Europe’s largest automaker, yesterday predicted a first-quarter loss as Chief Executive Officer Martin Winterkorn said 2009 “will be one of the most difficult years in the company’s history.” Bayerische Motoren Werke AG, the world’s top luxury-car manufacturer, said 2008 net income plunged 89 percent after it took charges for bad loans and leases.

Industry deliveries in eastern Europe fell 30 percent to 66,123 vehicles, as Romania dropped 67 percent and Hungary declined 46 percent. Poland, the region’s largest market, bucked the trend, posting an increase of 7.3 percent to 30,194 cars and sport-utility vehicles.

In western Europe, demand fell 17 percent to 902,037 vehicles, as the Spanish market plunged 49 percent and the U.K. dropped 22 percent. Auto sales collapsed in Iceland, where the economy capsized after the island nation’s biggest banks failed to refinance their debt. There were 91 new vehicles registered in the country in February compared with 1,035 a year earlier.

Seeking Emergency Help

The auto industry is pressing European governments and regulators for emergency help as it slashes production to clear inventories of unsold cars. The euro-region economy will contract in 2009 for the first time since the single currency was introduced a decade ago, according to the European Commission.

Sales in Germany, which is offering consumers 2,500 euros ($3,234) on new-car purchases when they scrap an old car, surged 22 percent to 277,740. The government-incentive program has sparked a wave of deal-making, leading to discounts of more than 40 percent, according to Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg- Essen.

General Motors Corp.’s Opel, sold as Vauxhall in the U.K., lost market share, as the Ruesselsheim, Germany-based manufacturer petitions European governments for 3.3 billion euros in emergency aid. Opel and Vauxhall sales fell 22 percent, eroding their market share to 7.3 percent from 7.6 percent. Sales at Trollhaettan, Sweden-based Saab, which filed for reorganization after GM halted financing, fell 54 percent.

Audi Market Share

Volkswagen AG’s Audi unit overtook BMW and Mercedes-Benz to become the region’s largest luxury brand, at least for last month. Audi’s market share rose to 4.5 percent from 3.9 percent, after sales fell 7.1 percent.

Munich-based BMW posted a 29 percent sales fall, as the brand’s share slipped to 3.5 percent from 4 percent. Stuttgart, Germany-based Daimler AG’s Mercedes-Benz brand suffered a 34 percent drop, losing nearly a full percentage point of market share to 3.6 percent from 4.5 percent.

Volkswagen, the region’s best-selling brand, boosted its market share to 11.6 percent in February from 10.1 percent, as deliveries slipped 6.2 percent. The Wolfsburg, Germany-based manufacturer’s Spanish Seat brand suffered from its home market’s weakness as sales plunged 31 percent.

Deliveries for PSA Peugeot Citroen, Europe’s second-largest automaker, tumbled 25 percent, leading to a market-share decline of 1.2 percentage points to 13 percent.
 
Deliveries for PSA Peugeot Citroen, Europe’s second-largest automaker, tumbled 25 percent, leading to a market-share decline of 1.2 percentage points to 13 percent.


bel crollo....

[FONT=arial,helvetica]Il gruppo Fiat (Milano: F.MI - notizie) ha registrato una flessione del 16,5% su anno a 87.635 veicoli, rispetto al -26% di gennaio, con una quota di mercato che si attesta a 9,1% dall'8,9% del febbraio 2008 e in salita dall'8,7% di gennaio 2009.[/FONT] [FONT=arial,helvetica]In generale per i nuovi membri dell'Unione europea la flessione è stata più pronunciata - mentre in Germania gli incentivi hanno fatto il loro gioco portando un +21,5%, per le immatricolazioni di questo Paese.[/FONT]
[FONT=arial,helvetica]Considerando tutta l'Europa (EU27 + EFTA), il calo è stato del 10,2% per Volkswagen (Xetra: 766400 - notizie) , del 25,3% per Peugeot (Parigi: FR0000121501 - notizie) e Citroen, del 23,1% per Renault (Parigi: FR0000131906 - notizie) , del 25,5% per la Nissan, del 12,7% per Ford e del 21,9% per GM (NYSE: GM - notizie) .[/FONT]
[FONT=arial,helvetica]Questi dati si paragonano con il -16,5% del gruppo Fiat (-18,6% per il marchio omonimo, -20,1% per Lancia, +23,3% per Alfa Romeo, -37,7% per Ferrari Maserati e altri marchi).[/FONT]


sinceramente non penso che renault abbia la forza di sopravvivere da sola e neanche basteranno i prestiti di Mr sarkò
 
bel crollo....

[FONT=arial,helvetica]Il gruppo Fiat (Milano: F.MI - notizie) ha registrato una flessione del 16,5% su anno a 87.635 veicoli, rispetto al -26% di gennaio, con una quota di mercato che si attesta a 9,1% dall'8,9% del febbraio 2008 e in salita dall'8,7% di gennaio 2009.[/FONT] [FONT=arial,helvetica]In generale per i nuovi membri dell'Unione europea la flessione è stata più pronunciata - mentre in Germania gli incentivi hanno fatto il loro gioco portando un +21,5%, per le immatricolazioni di questo Paese.[/FONT]
[FONT=arial,helvetica]Considerando tutta l'Europa (EU27 + EFTA), il calo è stato del 10,2% per Volkswagen (Xetra: 766400 - notizie) , del 25,3% per Peugeot (Parigi: FR0000121501 - notizie) e Citroen, del 23,1% per Renault (Parigi: FR0000131906 - notizie) , del 25,5% per la Nissan, del 12,7% per Ford e del 21,9% per GM (NYSE: GM - notizie) .[/FONT]
[FONT=arial,helvetica]Questi dati si paragonano con il -16,5% del gruppo Fiat (-18,6% per il marchio omonimo, -20,1% per Lancia, +23,3% per Alfa Romeo, -37,7% per Ferrari Maserati e altri marchi).[/FONT]


sinceramente non penso che renault abbia la forza di sopravvivere da sola e neanche basteranno i prestiti di Mr sarkò

La gara è oggi a chi perde meno quote di mercato e a chi è più bravo a bruciare meno cassa degli altri...
 
c' è anche il fattore gm da tener presente ..finchè non si chiarisce la situazione su quel lato non me la sento di entrare però c' è da dire che a breve termine alcuni bond iniziano a remunerare come alcune ciofeche bancarie:eek:
 
c' è anche il fattore gm da tener presente ..finchè non si chiarisce la situazione su quel lato non me la sento di entrare però c' è da dire che a breve termine alcuni bond iniziano a remunerare come alcune ciofeche bancarie:eek:

A tale riguardo, la scadenza, salvo proproghe, sembra essere entro fine mese...

Germany to seek answers on Opel plan in U.S. talks
Sun Mar 15, 2009 4:31pm EDT

BERLIN (Reuters) - German Economy Minister Karl-Theodor zu Guttenberg said on Sunday he hoped General Motors and the U.S. government would help answer remaining questions on a plan to save German unit Opel.
Shortly before leaving Germany for talks with GM and U.S. government representatives in the United States, Guttenberg reiterated that GM Europe's rescue plan for carmaker Opel had left too many questions unanswered.

"I hope GM and the U.S. government will be ready to shed some light on the issue," Guttenberg told Reuters.

GM Europe submitted a rescue plan for Opel last month under which the German unit and GM's UK-based Vauxhall unit would be partly spun off into a new subsidiary. It said the independent unit would need 3.3 billion euros in state aid.

German Chancellor Angela Merkel has said the German state would only grant aid to companies such as Opel if it would secure their future and not just evaporate without any effect.

Merkel also has said that any decision on German government help for Opel depended on decisions the U.S. administration made on aid to the carmaker's parent, General Motors.

The Obama administration's auto task force faces a March 31 deadline to determine whether GM and Chrysler can be commercially viable and deserving of more government aid.

They received a $17.4 billion bailout in December and have asked for an additional $22 billion.

In a radio interview broadcast on Sunday, Merkel said Economy Minister Guttenberg had to assess in his talks this week to what extent General Motors could grant Opel more liberties.

"If we then manage to find an investor who makes clear he sees positive prospects for Opel in a European network, we will be able to see whether we can help with normal government instruments, such as guarantees," she told Deutschlandfunk.

Differences over Opel have emerged within Germany's grand coalition government of Merkel's party, the conservative Christian Democrats (CDU), and the Social Democratic Party (SPD), with SPD officials saying the CDU risked jeopardizing German industry if they failed to help Opel.
But members of the CDU have also called for a more pro-active stance on Opel.

Roland Koch, the state premier of the western state of Hesse where Opel has a large production site, on Saturday expressed a positive view on the rescue plan the company had provided.

(Reporting by Hans-Edzard Busemann; writing by Kerstin Gehmlich; editing by Karen Foster)
 
bene bene
io sto riempendo la cartuccera, rimaniamo di vedetta, io ogni tanto tasto il polso delle fabbriche di componentistica ;)
per ora tutto fermo
 
Dico di sì... e anche un 2014 Daimler 7,875 che gironzola attorno alla pari è un bel vedere... ;)

Avevo detto secondo trimestre ... buono lo switch da qualche telefonico preso bene a qualche automotive di pregio, IMHO, e forse Toyota ed Honda mi piacciono più dei premium tedeschi...


17.03.09 18:11 - Daimler: prezza bond da 700 mln euro

LONDRA (MF-DJ)--Il ramo finanziario di Daimler, Daimler International Finance, ha prezzato il suo bond da 700 milioni di euro con scadenza triennale.

Lead manager dell'operazione sono Banca Imi, Calyon, Landesbank Baden-Wuerttemberg e Santander.

L'emissione cedola al 7,75% ed e' stata prezzata a 99.884. Lo swap e' di 550 punti base sopra il mid-swap.
 
BMW evita di rilasciare un forecast sui risultati del 2009 stante la situazione di mercato. Si attende, per bocca del CEO, un calo del mercato automotive globale fra il 10% ed il 20% nel 2009, ma ripresa nel 2010.

Analogamente, Daimler aveva evitato di dare un forecast 2009, limitandosi a dire che avrebbe venduto meno macchine che nel 2008.

Tornando a BMW, a significare che la crisi non sarà di breve durata, la società - pur reiterando il target di conseguimento sul venduto di un margine fra l'8% ed il 10% di qui al 2012, in conformità con il piano "Number one" varato nel 2007 - ha dichiarato che l'obiettivo allora fissato di 1.800.000 auto vendute dovrà essere ridotto di almeno 100.000 unità.

Poiché i volumi di vendita risulteranno alla fine inferiori a quanto programmato, il margine desiderato verrà conseguito attraverso maggiori risparmi di costi sulle materie prime, eccedendo il target di originario di una riduzione nell'ordine dei 4 mld euro, oltre che per tramite dei tagli di personale.

Smentite le voci di un'alleanza con PSA che passi attraverso compartecipazioni azionarie, BMW continuerà a collaborare con Daimler nell'acquisto congiunto di componentistica, che mira anzi ad estendere, e con la stessa PSA con riguardo alla produzione dei motori per la Mini.

BMW chief says crisis prevents 2009 outlook

45 minutes ago

MUNICH, Germany (AFP) — German luxury car maker BMW said Wednesday the current economic crisis prevented it from giving a detailed 2009 outlook but insisted that its medium-term targets were achievable.

"2009 will be a year of transition, for which no reliable forecast is possible at present," BMW boss Norbert Reithofer told the group's annual press conference in southern Munich.

BMW expected sales for the automobile sector as a whole to fall between 10-20 percent this year but forecast that markets would pick up again in 2010.

In the meantime, "we will tighten our belts," said Reithofer, a decision that has already led to the elimination of 7,500 jobs at the company and meant a substantial 2008 pay cut for himself and others.

BMW's annual net profit lost 89.5 percent to reach 330 million euros (430 million dollars), while sales slipped by four percent to 1.4 million vehicles.
Reithofer took a pay cut of more than one third as a result.

"The sharp drop in 2008 earnings has financial consequences: a member of the BMW board must renounce around 40 percent of his annual salary," he told media.

According to the group's annual report, Reithofer's pay fell by 39.5 percent to 2.3 million euros.

Executive pay is a controversial issue in Germany, and draft legislation that would tighten the framework on salaries was approved by the government last week.

Workers would also see their salaries cut however, with those covered by a collective wage agreement reduced by 10 percent.

Meanwhile, German rival Daimler has also declined to give a detailed outlook for 2009, saying only that sales would fall from the level posted last year.

Profits at both automakers plummeted in 2008, especially in the last quarter after US investment bank Lehman Brothers went bankrupt, plunging financial markets into fresh turmoil.

BMW nonetheless reiterated 2012 profit targets that were first outlined in late 2007 as part of a group strategy dubbed "Number One."

The plan's main goal is a return on sales of between eight to 10 percent, but the BMW boss said Wednesday he now expected the unit sales target of 1.8 million vehicles set "before the crisis" to be at least 100,000 cars fewer.

He stressed that it was very hard at present to give firm forecasts.
In afternoon Frankfurt trading, BMW shares fell by 2.43 percent to 22.29 euros while the DAX index of German blue-chips was essentially unchanged overall.

To meet its return on sales goal, BMW planned to exceed an initial reduction of four billion euros in material costs, part of a wide-ranging cost-cutting target of six billion euros.

Cutbacks on personnel costs are expected to generate up to 500 million euros in savings each year from 2009.

Reithofer said he wanted to "preserve the BMW group's independence," nipping rumours of a tie-up with either Daimler or the French group PSA Peugeot Citroen in the bud.

BMW did not seek any cross shareholdings, finance director Friedrich Eichiner added.

But BMW and Daimler cooperate already in the purchase of materials and parts, and "we will extend this cooperation and progressively buy more and more parts and components together," Reithofer said.

BMW also works with PSA to make motors for Mini models.
 
Venerdì sono arrivati i dati delle vendite sul mercato europeo allargato di febbraio 2009: pessimi soprattutto per le francesi e le premium tedesche (BMW e MB)... Bene VW (che con Audi sopravanza le due altre premium tedesche per la prima volta) e Ford, si difendono Fiat e i nipponici.

Se puoi recupeare il Sole di sabato, ampio articolo a pagina 15, prima pagina di economia ed imprese.

European Car Sales Drop 18% as Recession Hits Once-Booming East

.....

Eccola, spero risulti leggibile... proviamo...

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Sempre dallo stesso articolo, un interessante schema grafico sulle quote di mercato automobilistico europeo a febbraio...

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