economic conditions

2019: a year of fundamental decisions for carmakers

Soumis par Géry Deffontaines, GERPISA le 12 févr. 2019 - 00:00

Disruptive profit strategy : could Detroit mix oil and vinegar ?

The weekly column of Bernard Jullien , former director of Gerpisa, lecturer in economics (University of Bordeaux) and scientific advisor to the Essca Group's Chair of Network Management.

The season of financial results is on this February and most of the world's major automakers are indicating, one after the other, that 2019, as we reckon the years to come, will disappoint shareholders.

Only a handful of automakers, such as FCA or GM, have succeeded in improving their results over the year 2018.
FCA nevertheless expects a less promising 2019 financial year. GM has already undertaken a plan to maintain its profit rate in the United States in November, cutting 11,000 jobs. Most of the car manufacturers, like Daimler or Ford, have already seen their results drop in 2018. Ford hopes to do better in 2019 thanks to a fairly drastic restructuring plan for all its activities.
Daimler announced this week that achieving a margin target in the 8 to 10% bracket could not be expected until 2021.

lire la suite

Français

2019 : année des arbitrages fondamentaux pour les constructeurs

Soumis par Géry Deffontaines, GERPISA le 11 févr. 2019 - 00:00

The weekly column of Bernard Jullien , former director of Gerpisa, lecturer in economics (University of Bordeaux) and scientific advisor to the Essca Group's Chair of Network Management.

La saison des présentations de résultats se poursuit en ce mois de février et la plupart des grands constructeurs mondiaux indiquent, les uns après les autres, que 2019, comme les années suivantes sans doute, décevront les actionnaires.

Rares sont les constructeurs qui, comme FCA ou GM, ont réussi à améliorer leurs résultats sur l’année 2018.

lire la suite