Schlagwort-Archive: rescue

Award for Baby owl rescue

Teng Qianguo, a villager in northwest China’s Gansu Province,  saved an Eurasian eagle owl chick.  On his way home he found the chick on the floor. It has dropped from its nest on a stormy day. He  took it home and made sure that it survived. Then he contacted the Ganzhou District Wildlife Protection Station for professional help.

Teng was awarded a certificate of honor for his kindness.The Eurasian eagle owl is one of the largest species of owls and under second-class state protection in China.


An adult eagle owl could be 30 inches high and could has a wingspan up to 6ft 2in.









Chinese see the Dongfeng and PSA deal as rescue deal

Geschrieben von Friedrich Bier Mi, März 12, 2014 08:19:31
PSA-Peugeot 2013 Results

€54.1 billion in consolidated revenues, down 2.4% on 2012. Automotive Division revenues down

4.8% to €36.5 billion.

Consolidated recurring operating loss limited to -€177 million, with a recurring operating loss of –

€1,042 million for the Automotive Division.

Significant reduction in cash burn, with operating free cash flow2 of -€426 million vs – €3 billion in


-€4,148 mio in net debt at 31 December 2013.

Summary Income Statement

In € millions 2012* 2013
Revenues 55,446 54,090
Recurring operating loss**As a % of revenues -560-1% -177-0.3%
Net loss, Group share -5,008 -2,317

*Reflects the application of IFRS 5 with respect to the sale of Gefco following the closing on 20 December 2012.

**Reflects the application of IAS19R with respect to the Employee Benefits beginning in 2013 (impact of €16 million on consolidated recurring operating income at Group level, of which and of €8 million on Automotive Division recurring operating income); and reflects the application of IAS 36

“We have gone through some very challenging years for the European automotive industry, which have added to the Group’s structural difficulties, notably its over-dependence on Europe. We vigorously implemented difficult restructuring measures which are now starting to bear fruit. We also launched core models this year that have exceeded their initial sales targets. The globalisation process is proceeding apace, with in particular an excellent performance in China.

In 2014, PSA Peugeot Citroën expects growth in automotive demand to be slightly positive at around 2% in Europe and around 10% in China, with a 2% decline in Latin America, and a stable market in Russia.

Inventory of new vehicles at 31 December stood at 384,000 vehicles, representing 62 days of sales, down 32,000 units from 31 December 2012, in line with targets.

In Latin America, sales rose 7% to 303,000 units, for a market share of 4.9% overall, albeit with wide variations among the countries.In Argentina, the Group maintained its growth momentum, with sales up more than 27,8% year-on-year and the newly launched Peugeot 301 and Citroën C4 Lounge exceeding forecasts. Nevertheless, import restrictions and the highly negative exchange rate environment are expected to weigh on the Group’s growth in the region in 2014.

In Brazil, demand declined for the first time in ten years, by 1.5%, while the negative impact from the real was sharply detrimental to the Group’s results.

Sales in Russia fell 22.3% to 61,100 units in a market down 5,4%, with a major adverse impact from the unfavourable rubble-euro exchange rate. Latin America and Russia are two regions that require improvement by optimising costs, streamlining the model ranges and increasing local integration in order to to reduce regional exchange rate sensitivity.

In 2013 the China market rose by 26% to 550000 units and market share improved to 3,64%. The Dividend paid rose by 19% to 100 mio €. DPCA profit attributable to PSA Peugeot Citroën came to €187 million for the year

The second Chinese joint venture, CAPSA, launched the DS line in the local market with the DS5, DS4, DS3 and the DS3 Cabrio. After going on sale in October, the first orders have exceeded expectations.


Faurecia: sustained expansion outside Europe and a reduction in net debt

In € millions 2012 2013
Revenues 17,365 18,029
Recurring operating income 516 538
As a % of revenue 3.0% 3.0%
Consolidated profit 185 143

Banque PSA Finance:

In € millions 2012 2013
Net banking revenue 1,075 891
Revenues 1,910 1,773
Recurring operating income 391 368

Banque PSA Finance’s performance reflected tough conditions in Europe, with net banking revenue down 17% to €891 million, which reflected the cost of financing and the decline in vehicle sales. The bank’s penetration rate remained at a high level of 29.1%.

In 2014, PSA Peugeot Citroën expects growth in automotive demand to be slightly positive at around 2% in

Europe and around 10% in China, with a 2% decline in Latin America, and a stable market in Russia.

PSA-Peugeot declined from 28 € from July 2011 to nearly 4,50 € in October 2013 and increased then to 13,52 € at 05.03.2014.

PSA has an egreement with french unions not to close any factory in french.

If PSA-PEUGEOT could realise its forecast for China and solve its problema at the European market it could be a good investment. I only hope the Chinese don’t follow the strategy: Buy the patents then sell the companies.