Groupe PSA: Q3 2018 Revenue +7.8% growth

• Groupe PSA Q3 revenue at €15.4 billion^[1] and YTD revenue up 29.1% at €54 billion;
• Peugeot Citroën DS (PCD) Automotive division revenue up 0.8%:
  • Strong market share increase in Europe: +0.7 pt [2];
  • Negative impact of exchange rates especially in Argentina, Brazil and Turkey;
• Opel Vauxhall (OV) Automotive division revenue amounted to €3.9 billion;
• Consolidated worldwide sales down 16.7% mainly because of the suspension of the group’s activities in Iran. In Europe, sales up 8.1%.

Group Q3 2018 revenue amounted to €15,428 million, compared with €14,309 million in Q3 2017. At constant 2015 exchange rate and perimeter, 2018 Group revenue was up 21.6% [3].

PCD Automotive division revenue amounted to €8,485 million up by 0.8% compared to Q3 2017. The positive impact of product mix (+2.2%), sales to partners (+1.4%), price (+1.5%) and others (+0.9%) more than compensated the negative impact of exchange rates (-2.3%) and volumes (-2.9%).

OV Automotive division revenue amounted to €3,877 million in Q3 2018, compared with €2,789 million in Q3 2017¹.

With a total of 703,000 cars sold, Q3 2018 consolidated worldwide sales were up in Europe but down outside of Europe mainly because of the suspension of the group’s activities in Iran from May.

Total PCD inventory, including independent dealers, stood at 402,000 vehicles [4] at the end of September 2018, up 33,000 units compared to end of September 2017. OV inventory, including independent dealers, totalled 173,000 vehicles at the end of September 2018 down 64,000 units compared to end of September 2017.

Philippe de Rovira, Chief Financial Officer of Groupe PSA and member of the Executive Committee, said: « The execution of Push to Pass strategic plan and PACE! Opel Vauxhall turnaround plan is again proving to be a strong lever to deliver a sustainable performance despite an adverse environment. »

Market outlook: in 2018, the Group anticipates a growth of 2% of the automotive market in Europe, 3% in Latin America, 10% in Russia and 1% in China.

Operational targets

The Push to Pass plan sets the following targets for Groupe PSA (excluding Opel Vauxhall):

• Deliver over 4.5% Automotive recurring operating margin [5] on average in 2016-2018, and target over 6% by 2021;

• Deliver 10% Group revenue growth by 2018 [6] vs 2015, and target additional 15% by 2021.

[1] Groupe PSA revenue includes Opel Vauxhall (OV) since August 1^st 2017; It does not include the impact of hyperinflation in Argentina following IAS29. The estimation of this impact is in progress.

[2] PCD market share, Q3 2018 vs Q3 2017

[3] As of 30 September 2018, growth at constant exchange rates (2015) and perimeter (excluding OV) versus revenue as of 30 September 2015.

[4] Excluding JV in China and Iran, including independent dealers

 [5]  Recurring operating income related to revenue

 [6]   At constant (2015) exchange rates and perimeter (excluding OV)

!NEW! GM Sold 2.4 Million Vehicles Globally in First Quarter

General Motors Co. (NYSE: GM) sold 2.4 million vehicles globally in the first quarter of 2015, up 2 percent compared to a year ago. Sales in China increased 9 percent and deliveries in North America were up 6 percent. Opel/Vauxhall increased its sales by 3 percent in Europe.

General Motors sold 2.4 million vehicles globally in the first quarter of 2015, up 2 percent compared to a year ago.

“The momentum our brands are building in China, the U.S. and Western Europe more than offset difficult conditions in some other large markets like Russia and Brazil,” said GM CEO Mary Barra.

“We are in the early days of a very aggressive onslaught of new products and customer-driven innovation,” she said. “Already, the Chevrolet Trax and Colorado are redefining segments in the United States, Cadillac is growing rapidly in China and establishing a new formula for prestige sedans with the CT6 and Opel’s revitalization is accelerating across Europe. At the same time, we are deploying OnStar with 4G LTE in North America, Europe and China to give our customers the best connectivity experience in the industry.” 

Other first quarter global sales highlights:

• Cadillac was up 2.5 percent, driven by a 23-percent increase in China.
• Opel/Vauxhall’s sales increase outpaced the European region’s growth by 0.2 percentage points.
• Buick was up 8 percent.
• GMC was up 15 percent, for its best first quarter sales since 2005.
• Chevrolet deliveries in the United States increased 5 percent on the strength of a 19 percent increase in crossover deliveries and a 31 percent increase in truck sales. Deliveries in China were up 7 percent.

In prior quarters, GM reported wholesale deliveries in China, which are vehicles sold to dealers. Beginning this quarter, GM is reporting deliveries to customers.  

!NEW! 11 More GM Facilities Become Landfill-Free

GM continues global movement to zero waste; 122 sites send nothing to landfill

Eleven more General Motors facilities have achieved landfill-free status. The running total is 122 manufacturing and non-manufacturing operations spanning Asia, Europe, and South and North America that recycle, reuse or convert to energy all waste from daily operations.

“Our landfill-free movement is part of our culture of continuous improvement embraced by teams globally,” said Jim DeLuca, GM executive vice president of Global Manufacturing. “Not only does it make our operations more efficient and help conserve vital resources, but we’re able to reinvest the money we get from recycling into future vehicles for our customers.”

GM’s new landfill-free facilities include:

• CAMI Assembly (Canada)
• Colmotores Assembly (Colombia)
• Joinville Engine (Brazil)
• Zaragoza Assembly (Spain)
• Zaragoza Stamping (Spain)
• Grand Rapids Operations (Michigan)
• Burton Warehouse and Distribution Center (Michigan)
• GM Heritage Center (Michigan)
• Shanghai Headquarters (China)
• Luton Warehouse (England)
• Fontana Warehouse and Distribution Center (California)                                                                      

The addition of these 11 facilities to landfill-free status helps GM avoid more than 600,000 metric tons of CO2-equivalent emissions. This is comparable to the greenhouse gas benefit of 15 million tree seedlings grown for 10 years.

“Our ultimate goal is not to generate any waste at all,” said John Bradburn, GM global manager of waste reduction. “Until then, we do everything we can to ensure it doesn’t end up in the ground. From connecting our suppliers on special recycling projects to reusing packaging, we apply lessons learned across all of our operations to broaden the positive impact.”

Employee awareness is key in the drive to landfill-free. Colmotores Assembly in Colombia launched awareness campaigns that engaged employees in reducing waste and sorting it correctly. GM’s Shanghai headquarters, a LEED-Gold facility, formed a “Green Team” spanning IT, finance, facilities, R&D and supply chain departments to identify recycling and waste reduction opportunities. Luton Warehouse attributes its success to a robust training initiative that drove a zero-waste culture.

All of these facilities treat their waste as resources out of place and employ a number of methods to give them a second or third life.

• Reduce: Zaragoza Assembly changed its manufacturing process to reduce solvent consumption from its paint shop; it now reuses 80 percent of it. Packaging continues to be a large waste stream for many plants and CAMI Assembly is tackling it by setting aggressive targets to reduce non-reusable packaging.
• Reuse: Grand Rapids Operations’ in-house oil recycling saves GM $1.2 million per year.  It recycles and reuses every gallon of oil it buys from a refinery several times.
• Recycle: CAMI Assembly turns scrap wood into mulch for its wetlands and Grand Rapids Operations recycles grinding wheels as sandpaper. The Grand Rapids site also works with a partner that processes wastewater treatment sludge into a fuel source for the building materials industry.
• Compost: Zaragoza composts wastewater treatment sludge to create fertilizer and Joinville Engine composts its organic cafeteria waste to provide additional nutrients for the site’s trees and plants.

A strong network of recycling partners and suppliers helps facilities achieve their goals. Localizing the supply chain strengthens the business case and reduces overall carbon footprint. One of Zaragoza’s biggest challenges was finding a nearby partner to efficiently transport and treat paint sludge so it could be used to generate electricity. Burton Warehouse and Distribution Center hired a waste technician to help sort packaging waste generated from expanded shipping and distribution operations. A new recycling partner helped push GM’s Heritage Center to landfill-free status.

Zaragoza Assembly reuses 80 percent of its solvent from paint shop operations, and has changed its manufacturing process to reduce overall solvent consumption.

Landfill-free has no finish line. For example, Colmotores Assembly set a goal to work with suppliers on minimizing packaging waste and designing products for easier reuse or recycling.

GM’s goal is to achieve 125 landfill-free sites globally by 2020. The company already has met its 10 percent total waste reduction commitment – seven years ahead of schedule.

GM was named a Michigan Green Leader and Green Corporate Citizen for its landfill-free program, and received a Top Project of the Year Award from Environmental Leader for driving a global movement for zero waste.  GM was one of the first companies – and the only automaker – inducted into the U.S. EPA WasteWise Hall of Fame.

The company’s blueprint, "The Business Case for Zero Waste”, outlines how companies of all sizes and industries can reduce waste and create efficiencies.

!NEW! General Motors Delivered 2.4 Million Vehicles Globally in Q1

General Motors Co. dealers delivered 2,416,028 vehicles around the world in the first quarter of 2014, up 2 percent compared with a year ago.

General Motors dealers delivered 2,416,028 vehicles around the world in the first quarter of 2014, up 2 percent compared with a year ago.

Among GM’s top five global markets by volume, China posted the largest year-over-year sales increase, with deliveries up 13 percent to a record 919,114 units. Sales in the United Kingdom and Germany were also up, and Opel/Vauxhall grew its share in 10 European markets.

“We are very encouraged by our results in China, where we outperformed the industry, and in Europe, where Opel’s sales and the economic outlook are improving at the same time,” said GM President Dan Ammann. “We continue to be optimistic about the United States because our award-winning new products are performing well and we have more on the way. South America continues to be challenging for Chevrolet, where we face currency and other challenges, especially in Venezuela.”

First Quarter Highlights (vs. 2013)

• In Europe, GM’s improving market position is linked to the Opel Mokka and the new Opel Insignia flagship sedan. Cumulative Mokka orders have surpassed 215,000 units since it was launched in fall 2012, while Insignia has topped 85,000 units since it was launched in fall 2013.
• GM sales in China set a record in the first quarter. In addition, 2014 deliveries surpassed 1 million units in early April. This is the earliest sales have reached the seven-figure range.
• Buick, which celebrated the best year in the brand’s 110-year history in 2013, posted a 14 percent global sales increase.
• Cadillac’s global sales were up 9 percent and sales in China more than doubled to 15,357 units.

GM’s global market share was 11.1 percent, which is down two-tenths of a point from a year ago. However, Opel/Vauxhall gained market share in 10 European markets, including Germany. GM also gained market share in China due to the ongoing success of Buick and Wuling, as well as the growth of Cadillac.

General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets.  GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. 

!NEW! Opel Astra GTC Copacabana: Special Edition For Real Soccer Fans

Right on time for the finals in Brazil: Exotically beautiful Opel Astra GTC with unbeatable special offer package

New Opel Astra GTC Copacabana: The exotically beautiful model conjures up Brazil’s sun and passion on European roads.

The new Opel Astra Copacabana conjures up Brazil’s sun and passion on European roads. The special model is a ‘must have’ for all genuine soccer fans – from Rotterdam to Istanbul, from Liverpool to Dortmund. With the sporty Astra GTC, Opel continues its engagement in international professional soccer. The Copacabana is as spellbinding as a Brazilian ball wizard and will be a real attention-getter at every public screening this summer.

New Opel Astra GTC Copacabana: 1.6 Direct Injection Turbo gasoline engine with 200 hp/147 kW

The Brazilian flag on the roof, palm trees and dancing lines along the doors – it’s exterior already shows pure South American temperament. And indeed, under the hood the new 200 hp/147 kW 1.6 Direct Injection Turbo gasoline engine is just waiting to be let loose. Acceleration from zero to 100 km/h in 7.9 seconds will press the driver back into the seat made of real grass upholstery. A masterpiece of craftsmanship, Opel’s interior designers successfully processed original grass from the famous Maracanã Stadium. Every car comes with a certificate confirming the authenticity of the sacred greenery. Just as authentic are the footwells filled with finest Copacabana sand – this beach flair gave the Astra its name. And every special edition comes with a cool pair of flip-flops.

 Masterpiece of Opel craftsmanship: Original grass from the famous Maracanã Stadium and finest Copacabana sand for authentic beach flair.

Sounding in Samba or Vuvuzela tones, the horn provides true stadium atmosphere, as does a beverage vending machine that mixes up ice cold Caipirinhas during the drive – alcohol-free, of course. Because the Cachaça goes directly into the tank as a turbo cocktail. Opel Astra GTC Copacabana is as Brazilian as Pelé and as German as Jürgen Klopp – a truly exotic blend: for just 24,444.44 euros from April 1 at your Opel dealer !

Extraordinary beverage vending machine: Ice cold Caipirinhas while driving the new Opel Astra GTC Copacabana – alcohol-free, of course.