F&I Management & Training

The BMW 3 Series will offer UK buyers a record level of choice by the time the range is complete, with more body styles than ever before, a greater diversity of trim packages and the availability of four-wheel drive for the first time.

The third of five body styles - or six if the X3 SUV is included -  is about to arrive in the UK in about a month. The Gran Turismo, a stretched-wheelbase model which combines some of the looks of a coupe with the practicality of a hatchback and a bit of the raised seating position of an SUV, joins the saloon and touring (estate) which are already on sale. A coupe and a convertible will follow in due course.

The first 3 Series from 1975 was only ever sold as a saloon. The second-generation model expanded the choice to three by adding a touring and a convertible, while the third, fourth and fifth variants also included a coupe. 

Initially, the first 3 Series GT will be available with three petrol engines (320i, 328i and 335i) and two turbodiesels (318d and 320d) and up to four trim packages, with prices starting at £28,835 - £1,300 more than the equivalent touring.

A 325d, xDrive all-wheel drive for the 320i and the option of M Sport trim will be added soon after launch, and further xDrive models will be offered in 2014, following the precedent set by the saloon and touring. BMW says the harsh winters of 2010 and 2011 have created a small but important market for all-wheel drive among customers who do not want an SUV.

The 3 Series range accounts for slightly more than a third of BMW's global sales, with the UK the fourth-biggest market after America, China and Germany.

BMW expects to sell around 4,000 GTs in Britain in a full year and 23,000 in the lifetime of the car.  In the same period the UK will absorb 145,000 3 Series saloons and 47,000 touring (estate) models.

Germany will be the leading market for the GT, but BMW is also counting on it doing well outside Europe in markets where there is little appetite for estate cars. With a 110 mm longer wheelbase than the touring and a 59mm higher seating position, it provides significantly more rear legroom as well as more front headroom and a larger boot, factors which should ensure it gets a good reception in China.

DATED: 01.05.13

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Brentwood, Essex, 1 May 2013 - Ford has invited all 100 of its Centenary Blue Oval Scholars to the Dunton Technical Centre in Essex, to engage with their mentors and to experience the latest automotive technologies.

The Blue Oval Centenary Scholarship programme was announced in May 2011 to encourage a new generation of engineers, scientists and innovators, and to mark 100 years of Ford's operations in Britain. Through 12 leading universities across the UK, 100 undergraduate students on a selection of engineering, science, manufacturing and technology courses, were awarded scholarships worth a total of £1 million over a three-year period.

As the end of the Blue Oval scholars' first academic year approaches, they, along with university staff, were able to visit Dunton's advanced research and engineering centre in Essex, which includes a state-of-the-art environmental test facility.

The students also met with Ford engineers and technical staff to gain an in-depth understanding of product development, as well as an insight into working at a multi-national blue-chip company. In addition, students experienced the all-new Ford Fiesta ST around Dunton's vehicle test track.

Mark Ovenden, chairman and managing director, Ford of Britain, and Graham Hoare, global director, vehicle evaluation were both on hand to welcome the scholars and university staff to Dunton.

Mark Ovenden said: "I am delighted to welcome our Blue Oval students to Dunton. Ford is encouraging students through the scholarship programme to engage in courses which deliver the highest quality science and technology skills that are fundamental to our future industrial base in the UK. It is just one of the ways Ford hopes to inspire the next generation of engineers and scientists.

DATED: 01.05.13

FEED: HA

HONG KONG - 30. April 2013 - Infiniti has today opened its first showroom in Hong Kong. This is the next step in the premium brand's quest to establish a strong presence In Hong Kong. Last year, the company moved its global headquarters to the city which bridges the western world and Asia and provides an excellent gateway to China.

Situated in the heart of Hong Kong's commercial district, the showroom, called Infiniti Gallery, is located at G/F Hutchison House, 10 Harcourt Road, Central, Hong Kong.

This marks a major milestone of Infiniti's global growth plan as Infiniti Gallery reinforces its commitment to Hong Kong.

The showroom was officially opened by Johan de Nysschen, President of Infiniti Motor Company Ltd., and Donald Yip, Chief Executive Officer of Dah Chong Hong Holdings Limited, Infiniti's local automotive dealership partner in Hong Kong.

The event featured an appearance by Jennifer Tse, the renowned Hong Kong model-actress, against the sleek backdrop of Infiniti's much-acclaimed concept car, Essence. Also on display was the FIA Formula One World Championship Constructors' trophy of the Infiniti Red Bull Racing team. DJ EROK of Infiniti Red Bull Racing provided the entertainment for the evening.

For the first time ever in Hong Kong and for one night only, Essence took pride of place at the event. The epitome of the Infiniti brand, Essence, a V6 592hp luxury hybrid coupe, is known for its distinctive styling, intuitive technology and dramatic performance.

Along with fellow members of the Infiniti concept trilogy, Etherea and Emerg-e, Essence has influenced Infiniti's recent design language including the all-new Infiniti Q50 which made its Asian debut at the recent Shanghai Auto Show.

"As the only premium automotive manufacturer to be headquartered in Hong Kong, I am very pleased that there is now the first Infiniti showroom, the Infiniti Gallery, right here in our home town, itself a uniquely discerning luxury car market," said de Nysschen.
 
"The opening of Infiniti Gallery is the latest milestone in our global expansion which now extends to 50 markets worldwide. We look forward to welcoming customers to Infiniti Gallery and enabling them to experience our range of premium performance Infiniti vehicles."

"We are honoured to be representing the Infiniti brand in Hong Kong and bringing ‘inspired performance' to the discerning luxury car customers of Hong Kong," added Yip.

"The opening of Infiniti Gallery is a significant chapter in the history of Dah Chong Hong Holdings Limited. To have the stunning Essence on display in Hong Kong for an exclusive viewing made the night very special.

"We are confident that Infiniti vehicles, with their definitive styling, performance and craftsmanship will change the way Hong Kong car owners think about premium vehicles."

The new Infiniti Gallery will showcase vehicles from Infiniti's premium model line-up. The showroom will create an ultra-modern, luxurious and sophisticated environment where visitors can experience Infiniti's renowned customer service and attention.

DATED: 01.05.13

FEED: HA

At the start of the UN's Global Road Safety Week, 6-12 May, which urges action to protect pedestrians, UK schools are calling for steps to enable kids to walk in their area without being endangered - adding to growing calls for all our communities to ‘GO 20' by switching to 20mph limits.

A survey out today by the charity Brake and Hampson Hughes Solicitors of 500 UK primary schools [1] reveals teachers are deeply concerned about pupils' ability to walk or cycle to school safely. So much so that more than three in four (77%) feel compelled to actively campaign to make local roads safer for kids.

Nine in ten schools (92%) think local roads need to be made safer for children to walk and cycle and eight in 10 (81%) want 20mph limits around the school and on routes connecting the school with local homes. Only one in 10 schools (12%) say they already have 20mph limits.

During Global Road Safety Week, Brake, alongside a GO 20 coalition of 11 charities, is calling for steps to enable children to walk or cycle without fear or threat from fast traffic: 

See below for evidence on how 20mph limits improve safety and encourage active lifestyles.

Every day in the UK, 12 children are run over and hurt when walking or cycling to or from school and two of these children are killed or suffer serious, sometimes life-long, injuries [2]. Death on the road is the biggest non-medical killer of school aged children in the UK, greater than drowning, falls or accidental poisoning combined [3]. Across the globe, traffic kills more five to 14 year olds than malaria, diarrhoea and HIV and Aids [4]. Road danger is also a major barrier to kids' mobility and health; many UK parents do not let children walk and cycle to school because of fear of fast traffic [5].

Julie Townsend, Brake's deputy chief executive, said: "Schools know what's important for kids, and they are telling us road safety is a massive issue for them. It's telling that so many schools are actively campaigning for safer streets, showing there's a lot more we can do to protect children's right to walk and cycle safely. It's not acceptable that children continue to be hurt and killed daily on our roads, and it's a sad state of affairs that many are prevented from walking or cycling because of traffic danger.

"One of the best ways to protect kids on foot and bike is to slow maximum traffic speeds to 20mph around homes, schools and shops, to create a safe haven for walking and cycling. ‘GOing 20' makes our communities nicer places to be, enables people of all ages to get out and about on foot and bike, improves health, and saves lives. As the UN's Global Road Safety Week kicks off, we are appealing to government, local authorities and drivers around the UK to put children's safety and wellbeing first, and GO 20."

Lisa Pearson, marketing and business development manager at Hampson Hughes Solicitors said: "It is incredibly important for Hampson Hughes Solicitors to be able to support Brake and the GO 20 campaign, as well as being involved in positively affecting the safety of the country's school children. Unfortunately we are well aware of the consequences of road traffic collisions, particularly those involving children being run over, through our personal injury law service and the clients we represent through this. We know how important road safety is and Hampson Hughes Solicitors is keen to see the 20mph speed limit implemented to areas around schools, homes and shops - we are confident that this reduction in driving speed will result in safer roads and a reduction in serious injuries and fatalities for our children and our communities."

Caroline Tyson, head of school, London Fields Primary School, Hackney, said: "We are delighted to support Brake and the GO 20 campaign. We were so pleased to get a 20mph limit and other road safety measures installed in our area, and we have seen an increase in children cycling to school as a result. But there are so many more schools around the country battling for basic measures to protect children on foot and bike. Reducing the speed of the traffic can only help to further encourage children and families to walk and cycle which, along with other awareness-raising initiatives we run at school, helps to build a better community."

Cllr Feryal Demirci, Hackney Council Cabinet Member for Neighbourhoods, said: "I am delighted to welcome Brake to Hackney where the Council's commitment to safe roads for cyclists and pedestrians has seen all residential streets in the borough become 20mph limits. Alongside free cycle training for school children, awareness training for drivers, and safety-led road planning, this measure is helping to save lives and encourage even more parents and children in Hackney to walk and cycle."

DATED: 01.05.13

FEED: HA

With CO₂ emissions of just 48g/km, the Volvo V60 D6 AWD will still benefit from the newly confirmed Ultra Low Emission Discount (ULED) for London's Congestion Charge scheme when the new limit of 75g/km of CO₂ comes into force on 1^st July 2013.

Thruxton Circuit in Hampshire, the fastest track on the Renault UK Clio Cup calendar, will welcome the 24-strong grid of aspiring touring car racers this coming weekend, 4th/5th May, with three-time champion Paul Rivett (Banstead) leading the way after a famous double win last time out.

Carrying a 13-point advantage into rounds five and six of the 2013 season, the category veteran was a late addition to the championship just a couple of days prior to the start of the season at Brands Hatch, but the lack of testing has proven no barrier to the multiple title winner.

Running under the rebranded team entry of Names.co.uk/Stancombe Vehicle Engineering from this weekend forward, Rivett will be aiming to add to his healthy points cushion but he won't find that task easy with some ultra-quick young chargers snapping at his heels.

Heading the pursuit is saloon car racing newcomer Alex Morgan (Reading) who has enjoyed a superb start to his ‘tin-top' career with Team Pyro. Starring during the season-opener at Brands Hatch Indy Circuit, winning only his second ever race in front-wheel drive, the ex-Formula Renault runner added another podium at Donington Park just over a week ago and is yet to finish outside the top four.

Seven points further behind Morgan is team-mate Josh Files (Norwich) who, after a disappointing start to the campaign in rounds one and two, came to the fore at Donington to provide Rivett with the sternest possible challenge.

The consistent front-runner was just 0.013 seconds away from victory in round four, following a sensational door handle-to-door handle battle with Rivett, and will be keen to try and chalk up his elusive first win at Thruxton before heading off to begin his dovetailed Eurocup Clio campaign the following weekend at Imola in Italy.

Westbourne Motorsport's James Colburn (Worthing), who led the championship after the first two rounds, will arrive in Hampshire fourth in the driver standings after a difficult weekend at Donington. Having won both Thruxton races last year though, and setting the pace during the rain-affected official test day earlier this month, the erstwhile points leader will be a true threat.

Leading the next group of drivers is fifth placed Ant Whorton-Eales (Lichfield) who, despite not yet having visited the podium in 2013, has put together a consistent run of strong finishes for the KX Racing with Scuderia Vittoria squad.

Just three points behind Whorton-Eales is double podium finisher Mike Bushell (Tunbridge Wells), a non-finish last time out costing the Westbourne driver a possible place in the top four of the title race. Seventh placed Jake Giddings (Wisbech), meanwhile, took a season's best fourth position in the second of the Donington races and is now only two points adrift of Bushell.

In the Graduate Cup class Files and Colburn are level-pegging on 106 points while, in the Masters Cup battle, Graham Field (Southwell, Nottinghamshire) leads the way by virtue of his consistent scoring. The married father of five, though, has Finlay Crocker (Bathgate, West Lothian), reigning class champion Simon Belcher (Swindon) and Lee Pattison (Liversedge) closing in fast.

Finally, in the WP Racing Clio Cup Team Trophy, Team Pyro has opened a healthy advantage over Westbourne with Scuderia Vittoria third, only six points ahead of the single-car Stancombe entry of outright championship leader Rivett.

Qualifying for the fifth and sixth rounds of the 2013 Renault UK Clio Cup will take place at 11.20 on Saturday, 4th May, with the first race of the weekend following at 16.35. On Sunday, 5th May, round six, which will be screened live on ITV4, ITV4 HD and streamed online at the www.itv.com/btcc website, is scheduled to get underway at approximately 12.40.

Renault UK Clio Cup is sponsored by www.buyoils.co.uk with support from ELF, NGK Spark Plugs, WP Racing and official tyre supplier Dunlop.

Provisional 2013 Renault UK Clio Cup Driver Standings (after Rd4):

1st Paul Rivett, 114pts; 2nd Alex Morgan, 101pts; 3rd Josh Files, 94pts

Provisional 2013 Renault UK Clio Cup WP Racing Clio Cup Team Trophy Standings (after Rd4):

1st Team Pyro, 190pts; 2nd Westbourne Motorsport, 158pts; 3rd Scuderia Vittoria, 118pts

Provisional 2013 Renault UK Clio Cup ‘Graduate Cup' Standings (after Rd4):

=1st Josh Files & James Colburn, 106pts; 3rd Ant Whorton-Eales, 90pts

Provisional 2013 Renault UK Clio Cup ‘Masters Cup' Standings (after Rd4):

1st Graham Field, 100pts; 2nd Finlay Crocker, 89pts; 3rd Simon Belcher, 84pts

DATED: 01.05.13

FEED: HA

The SL-Class is now even more luxurious, thanks to enhanced standard equipment and key exterior appointments, mixing style with comfort and advanced engineering.

Both the SL 350 and SL 500 now gain AMG Sport status, which includes additional standard equipment with a combined value of £6,625, including the AMG Sports Package for both the interior and exterior, an electric glass sunroof, and Parkronic with Active Park Assist.

The exterior AMG Sports Package comprises elegant 19" AMG five-spoke alloy wheels; sports suspension lowered by 10mm, with revised damper settings; AMG bodystyling for side skirts and front and rear aprons; a body-coloured boot lip; upgraded braking system (SL 350 only) with perforated rear brake disks; and grey brake calipers with ‘Mercedes-Benz' lettering.

Joining the upgraded suspension and braking systems, the 7G-Tronic Plus transmission with ‘S' mode now features modified shift points. Inside, the SLS now benefits from sports seats with perforated leather, verticle fluting anddesigno Platinum White Pearl piping on door armrests, centre console, seat side bolsters and head restraints; sports steering wheel with silver gear shift paddles and perforated leather in grip areas; chequered flag-design instrument cluster; AMG floor mats; and black fabric roof lining.

The paint and interior choice have also been updated to now include one non-metallic paint and five metallic paints, including new Polar White as standard, with the cost option of two addition colours, including new Hyacinth Red (£690). Black leather is now standard in the range, with a cost option of Bengal Red or Porcelain nappa leather (£710), and standard trim is now in Light Brushed Aluminium, with Black Ash Wood available as a £345 option.

The SL 63 AMG, also benefits of an electric panoramic glass sunroof and Parktronic with Active Park Assist as additions to the standard equipment specifications, with a value of £1,500. There are no changes to the SL 65 AMG.

1 May 2013

The SL 350 AMG Sport, from £69,960 OTR, SL 500 AMG Sport, from £79,970 OTR, and SL 63 AMG from £110,785 OTR,  are available from June 2013 production.

DATED: 01.05.13

FEED: HA

Brake invites fleets to sign up for vital road safety seminar

Brake, the road safety charity is urging fleet managers to sign up for a vital seminar on blind spots and manoeuvring: preventing crashes with cyclists and pedestrians on 28 May 2013 in Birmingham. The seminar, kindly sponsored by Brigade Electronics, will aim to address the causes of collisions between cyclists and commercial vehicles.

More than one in ten (13%) cyclist collisions involve commercial vehicles such as trucks, vans, coaches and buses, and these crashes can have a devastating impact on both the cyclist and the driver. One sixth (16%) of crashes between commercial vehicles and cyclists kill or seriously injure the cyclist, and up to a third of drivers involved in a crash will suffer from psychological problems for up to a year after the collision, even if their physical injuries were minor. Crashes with cyclists and pedestrians can have enormous human and financial costs for businesses.

Brake's half-day seminar will address the risks associated with vehicle blind spots and manoeuvring vehicles, including reversing, which pose a significant hazard to pedestrians and cyclists. Speakers from the Institute of Mechanical Engineers and the Metropolitan Police will lead the session, looking at current developments relating to these critical issues, including technological solutions such as vehicle-side cameras and additional mirrors, as well as measures such as driver training techniques.

The seminar will include a live vehicle demonstration, as well as a best practice case study presented by Cemex, including information and practical advice other fleets can take away and implement.

To book your place today for just £70 + VAT for Brake subscribers (£120 + VAT for non-subscribers) click hereor contact Brake at admin@brake.org.uk or call +44 (0)1484 559909.

Roslyn Cumming, professional engagement manager at Brake, said: "Addressing the risks associated with vehicle blind spots and manoeuvring vehicles, including reversing, is an essential part of fleet safety policies and procedures. In light of these survey results, it has never been more important for fleets to address the costs of road crashes and build a reputation for road safety. I urge managers of all types of fleets, from cars to commercial vehicles, to attend."

Emily Randall, Marketing Communications at Brigade Electronics, said: "Our demonstration vehicle will be available at the blind spots seminar to enable fleet managers to see the types of technology available, including Smarteye^TM powered by ASL, our NEW intelligent camera monitor system that provides the driver with a 360° bird's-eye view of the vehicle for effortless manoeuvring.

Fleet managers will also be able to listen to our unique White Sound reversing alarms (bbs-tek®) which are instantly locatable making them much safer than beeping alarms." For more information visit www.brigade-electronics.com

For media enquiries, please contact Franki Hackett on 01484 550063, or fhackett@brake.org.uk

DATED: 01.05.13

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Lexus named best manufacturer in 2013 survey

Lexus has been named top manufacturer in the 2013 Auto Express Driver Power survey, returning to the number one spot after four years as runner-up.

The results, based on the opinions and real-life experiences of more than 45,000 UK motorists, reflect the special quality, owner-appeal and performance of Lexus models.

Steve Fowler, Auto Express editor-in-chief, said: "Lexus takes a well deserved top spot in the Driver Power 2013 manufacturer chart. It finished first in three out of the 10 categories in our survey, and second in two others - a hugely impressive result.

"More than anything, Lexus customers praised their cars' premium qualities - they're expertly put together, packed with gadgets and a pleasure to drive."

Richard Balshaw, Lexus Division Director, said: "We're delighted to have earned this award again, the competition becomes tougher every year.

"Lexus came to the market promising to deliver a new and better customer experience, and we've stayed true to that promise by creating cars that deliver luxury, style, reliability and a great driving experience.

"Today our range of models is more extensive and more technically advanced than ever. It's set to grow further this summer with the all new IS sports saloon, which for the first time will offer the option of full hybrid power. This means even more customers will be discovering what makes the difference when it comes to owning and driving a Lexus."

DATED: 01.05.13

FEED: HA

COLOGNE, Germany, 1 May, 2013 - Ford has won two awards for vehicle dynamics at the 2013 Vehicle Dynamics International (VDI) Awards: the Dynamics Team of the Year and Dynamicist of the Year.

The Ford vehicle dynamics department won for the development of Ford vehicles including the new B-MAX, all-new Kuga, Focus ST and new Fiesta ST. Ford Team RS vehicle dynamics specialist David Put - the star of The Ford Fiesta ST Versus Legendary Lommel Track 7 Video -  won for his work on the Focus ST and new Fiesta ST.

The jury of automotive journalists from around the world hailed the team's work "stand-out in all segments", with vehicles that are "subtle, responsive, and an absolute pleasure to drive", and Put's contribution as offering "signature steering feel and precision".

The awards recognise the best ideas, technology innovation and achievements in vehicle dynamics development. Readers of Vehicle Dynamic International and the publication's editorial team provided the nominations in advance of final judging.

"Ford has put ride and handling at the heart of vehicle development for many years now, regardless of whether the car is a practical MPV or a desirable hot-hatch," said Graham Heeps, editor, Vehicle Dynamics International. "Our jury now includes journalists from 19 countries; their votes prove Ford is reaping the benefit of this approach in markets right around the world."

Jurors said of Put:

Jurors said of the team:

Ford is committed to delivering vehicles with high levels of ride quality that are also fun and rewarding to drive as part of the company's global DNA; and is the first manufacturer to twice win each award since they were launched in 2008.

"At Ford, we place driving dynamics at the heart of our vehicle development programs," said Raj Nair, group vice president, Global Product Development, Ford. "Awards like these are proof that these efforts have been worthwhile and Ford really does go further to deliver the very best performance feel for our customers. We are very proud of our products and the team for all that they have delivered."

The new Ford Fiesta ST has recently gone on sale in the UK featuring tuned suspension, steering and brakes for optimised driving dynamics and enhanced Torque Vectoring Control, which applies brake force to the inside front wheel when cornering to improve road holding and reduce understeer without affecting speed.

"Giving a car the highest possible fun-to-drive factor is both challenging and rewarding," said Put. "You know you have the formula right when you can't stop driving a vehicle - and you spend the whole day smiling."

DATED: 01.05.13

FEED: HA

Allianz Global Assistance announced its 2012 financial results and confirmed its ambitions for 2015. The Group reported that growth in global turnover was up 9% over 2011, exceeding the proclaimed objective of 2.2 billion Euros (2.238 billion Euros).  All of the Group's geographic regions and its three lines of business - Automotive, Travel, Health-Home & Lifecare - made well-balanced contributions to growth in 2012.

Allianz Global Assistance also reported an improved combined ratio - 96% - and operating profitability that was up 20.1% (operating profit was 113 million Euros) in an economic context marked by relentless difficulties in the Euro Zone and a luke warm recovery of the US economy.

"2012 was another year of growth for Allianz Global Assistance with very satisfying results considering the mediocre context of the most mature regions. Thanks to everyone's efforts, we have once again demonstrated our capacity to serve both our global and our local clients throughout the world," declared Rémi Grenier, CEO and President of Allianz Global Assistance.

Adds Serge Corel, CEO of Allianz Global Assistance in the UK:  "2012 saw us successfully complete our transformation from Mondial Assistance UK to Allianz Global Assistance UK, strengthening our synergies with the Group to the benefit of our clients, their customers and our own employees.  Our Automotive division continued to grow organically, whilst bringing on board new manufacturers to widen our market reach. Our fledgling Health Division firmly established itself as a robust employee benefits provider and our Travel Insurance and Medical Assistance solutions continue to be recognized as quality providers in competitive arenas.   Whilst economic challenges will need to be overcome as we work towards achieving the Group's 2015 ambitions, the continued dedication and commitment of our UK team gives us the greatest of confidence that those ambitions will be realized."

Automotive: a year of strong performance in Europe despite the markets' economic downturn

Roadside assistance grew by 8.8% in 2012 compared to 2011 and now represents 38% of total group turnover. In 2012, new car sales (of all brands combined) fell in Europe for the 5th consecutive year, while they continued to climb steeply in major emerging countries.

Contract renewals and extensions with main automotive manufacturers enabled the Group to realise strong performances in Europe, while simultaneously reinforcing its sales in more dynamic markets. Roadside assistance thereby grew 26% in 2012 in the Asia Pacific region compared to 2011. At the global level, clients in the financial sector (banks and insurance companies) today represent 60% of this activity compared to 40% for automotive manufacturers.

Travel: steady growth driven by Northern Europe

In 2012, Allianz Global Assistance's travel activity increased by 5.1% and represents 44% of total Group turnover.  Despite economic tensions in the Euro Zone, growth was particularly strong in Germany (+7 .7%) and The Netherlands (+6.8%).  Online subscriptions, which represent two thirds of the Group's travel insurance sales, grew less quickly (+2.5%) in 2012 than in previous years. This slowdown can be partially explained by the change from a default choice of opt-out to default choice of opt-in on all online travel sites, a measure that regulators imposed on all American companies. B2C sales, on the other hand, reported solid 15.2% growth.

Health, Home & Lifecare: a potential anchored in demographic reality

With 18% of total turnover, the Health, Home & Lifecare activity continued to develop in 2012. Health services reported growth of 19.3% and Home & Lifecare grew by 24.1%.

The healthcare field is in full expansion and now represents 11% of the Group's total activity. In developed countries, the challenges of aging and the desire to control healthcare costs are creating new demands and needs for developing new solutions in a highly regulated environment.    In emerging countries, an increasingly large middle class continues to generate a growing need for high quality healthcare services and treatments, which local infrastructures and expertise are struggling to fulfill. These contrasting situations encourage the adoption of innovative solutions like telemedicine and tele-health services that Allianz Global Assistance develops for its clients in all regions.

These services are designed to reassure customers and improve their quality of life and are linked to the home and daily life activities (tele-surveillance, insurance for mobile devices, extended warranties for household appliances...). In addition to leisure offers like ticket cancellation insurance, these solutions combined reported strong growth (+24.1% in 2012).

Balanced growth in all regions

The Group continues to rebalance its activity across its three geographic regions. Although Europe still represents 60% of total turnover with 7.6% growth in 2012, the Asia Pacific zone represents 16.6% of the total activity and has the strongest annual growth (13%). The Americas region, which represented 23.4% of the Group's activity in 2012, saw its turnover increase by 10.3% compared to 2011.

France is still number one with a turnover of 468 million Euros, up 12%. The American business unit retained its second position with 330 million Euros in turnover, up 11.3%. In third place, Australia, which realised 275 million Euros in turnover for a growth of 8.9%.

France, the Group's leading market in terms of turnover, continues to develop its traditional markets, while also emphasising innovation with promising offers in the healthcare sector (launch of Tele-conseil Santé and patient services for ensuring "pre, during and post" hospitalisation) and by targeting new client segments with a roadside assistance offer dedicated to two-wheel motorised vehicles.

The Group: well-armed and ready to respond to a changing world

Throughout 2012, Allianz Global Assistance reinforced its leadership position by simultaneously pursuing organic growth, external growth, innovation and the globalisation of its organisation. Through these parallel efforts and by strengthening synergies with Allianz, the Group secured its capacity to serve increasingly global clients in a resolutely global marketplace, while maintaining its ability to launch local initiatives and thereby innovate at the local level. 

In 2012, the Group reinforced its global footprint with the acquisition of NEXtCARE third party administrator and leader in healthcare claims management services for member countries of the Gulf Region Cooperative and the Middle East, and CTI, a travel insurance specialist in New Zealand.

In a global context of great economic uncertainty, Allianz Global Assistance maintains its growth ambitions for 2015. « We are particularly well implanted in the markets that will drive world growth in the next decade, due notably to the rapid development of their middle class. With our global organisation and by working very closely with Allianz on the B2B2C markets, we are ready to achieve our strategic plan's objectives: to reach 3 billion Euros in turnover in 2015 with 50% in Europe, 30% in the Americas zone and 20% in the Asia Pacific," Rémi Grenier concludes.

For the full annual results presentation click on the below

AGA Results 2012

About Allianz Global Assistance

How can we help ?

International leader in assistance, travel insurance and health, life & home care services, today Allianz Global Assistance counts more than 12 171 employees who speak 40 different languages and work throughout the world with a network of 400,000 service providers and 118 correspondents covering 150 countries. 250 million people, or 4% of the world's total population, benefit from its services, which the Group provides on all five continents.

Website : www.allianz-global-assistance.com

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DATED: 01.05.13

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The BMW 3 Series will offer UK buyers a record level of choice by the time the range is complete, with more body styles than ever before, a greater diversity of trim packages and the availability of four-wheel drive for the first time.

The third of five body styles - or six if the X3 SUV is included -  is about to arrive in the UK in about a month. The Gran Turismo, a stretched-wheelbase model which combines some of the looks of a coupe with the practicality of a hatchback and a bit of the raised seating position of an SUV, joins the saloon and touring (estate) which are already on sale. A coupe and a convertible will follow in due course.

The first 3 Series from 1975 was only ever sold as a saloon. The second-generation model expanded the choice to three by adding a touring and a convertible, while the third, fourth and fifth variants also included a coupe. 

Initially, the first 3 Series GT will be available with three petrol engines (320i, 328i and 335i) and two turbodiesels (318d and 320d) and up to four trim packages, with prices starting at £28,835 - £1,300 more than the equivalent touring.

A 325d, xDrive all-wheel drive for the 320i and the option of M Sport trim will be added soon after launch, and further xDrive models will be offered in 2014, following the precedent set by the saloon and touring. BMW says the harsh winters of 2010 and 2011 have created a small but important market for all-wheel drive among customers who do not want an SUV.

The 3 Series range accounts for slightly more than a third of BMW's global sales, with the UK the fourth-biggest market after America, China and Germany.

BMW expects to sell around 4,000 GTs in Britain in a full year and 23,000 in the lifetime of the car.  In the same period the UK will absorb 145,000 3 Series saloons and 47,000 touring (estate) models.

Germany will be the leading market for the GT, but BMW is also counting on it doing well outside Europe in markets where there is little appetite for estate cars. With a 110 mm longer wheelbase than the touring and a 59mm higher seating position, it provides significantly more rear legroom as well as more front headroom and a larger boot, factors which should ensure it gets a good reception in China.

DATED: 01.05.13

FEED: HA

Group revenues were nearly €20 billion on the back of worldwide shipments of more than 1 million and trading profit came in at €618 million. Net industrial debt was €7.1 billion with liquidity strong at over €21 billion.

Group revenues were €19.8 billion, 2% lower in nominal terms but flat over the prior year at constant exchange rates. NAFTA decreased 3% to €10 billion and EMEA was down 4% year-over-year to €4.4 billion. LATAM reported revenues of €2.5 billion, a 5% decrease in nominal terms (+6% at constant exchange rates), and APAC increased more than 35% to €1 billion. Luxury and Performance brands were up 4% over Q1 2012 to €0.7 billion, driven by Ferrari. For Components, revenues were €1.9 billion, down 4% over Q1 2012.

Trading profit totaled €618 million for the quarter. The NAFTA region reported a trading profit of €397 million, a €217 million decrease over Q1 2012 (as restated for adoption of IAS 19 as amended), attributable to a reduction in shipments due to key model launches and preparation for the Q2 production launch of the all-new 2014 Jeep Cherokee and the associated industrial costs, partly compensated for by continued favorable pricing. LATAM performed to expectations with a trading profit of €186 million (€235 million for Q1 2012), down 10% net of currency translation impacts and a less favorable production mix due to the shift of the annual shutdown of the Brazilian plant from December 2012 to February 2013 and lower volumes of Chrysler products due to import quotas from Mexico introduced during 2012. APAC posted a trading profit of €100 million, an improvement of €23 million over the prior year, with the impact of volume increases more than offsetting higher sales and marketing costs in support of the Group's expansion in the region. In EMEA, losses were reduced by €50 million over the prior year to €157 million, with discipline in SG&A spending and better product mix more than offsetting the impacts of continued deterioration in trading conditions. Luxury and Performance brands contributed €76 million, essentially in line with Q1 2012, with Ferrari posting a 43% year-over-year improvement and results for Maserati affected by the ramp-up of the new Quattroporte, which started production in late January. For Components, Q1 trading profit was €33 million, also in line with Q1 a year ago.

EBIT was €603 million: the €232 million decrease mainly reflected lower trading profit in NAFTA and LATAM, with earnings for mass-market decreasing 36% in NAFTA to €400 million and 46% in LATAM to €127 million (including €59 million of unusual charges related to the February 2013 devaluation of the Venezuelan bolivar fuerte relative to the U.S. dollar). For APAC, EBIT increased 15% to €98 million, while EMEA reduced losses by €59 million to €111 million. For Luxury Cars and Components, EBIT was €76 million and €35 million respectively, in line with Q1 2012.

Net financial expense totaled €443 million, an increase of €11 million over Q1 2012. Net of the impact of the marking-to-market of the Fiat stock option-related equity swaps (gains of €15 million in Q1 2013 and €38 million in Q1 2012), net financial expense was down €12 million over Q1 2012.

Profit before taxes was €160 million (€403 million in Q1 2012, restated for adoption of IAS 19 as amended). The decrease of €243 million reflected the €232 million reduction in EBIT and an €11 million increase in net financial charges.

Income taxes totaled €129 million. Excluding Chrysler, income taxes were €100 million and related primarily to taxable income of companies operating outside Italy and employment-related taxes in Italy.

Net profit was €31 million for the quarter (€262 million for Q1 2012, restated for adoption of IAS 19 as amended). There was a loss of €83 million attributable to owners of the parent  (compared with a €35 million profit for Q1 2012). For Fiat excluding Chrysler, the net loss was reduced by €41 million over Q1 2012 to €235 million.

Net industrial debt at 31 March 2013 was €7.1 billion, up from €6.5 billion at year-end 2012. For Fiat excluding Chrysler net industrial debt was €5.7 billion, a €0.7 billion increase over year-end 2012 entirely attributable to capital expenditure for the period: however, the change in net debt for the quarter was significantly lower at half the amount for Q1 2012. Chrysler reduced net industrial debt by €0.1 billion to €1.4 billion, with over €1 billion in positive cash flow from operating activities offset by €0.9 billion in capital expenditure.

Total available liquidity, inclusive of €3.0 billion in undrawn committed credit lines, was €21.3 billion (€20.8 billion at year-end 2012), of which €11.0 billion related to Fiat excluding Chrysler (€11.1 billion at year-end 2012) and €10.3 billion to Chrysler (€9.8 billion year-end 2012). Exchange rates development contributed €0.4 billion to the increase of total liquidity available to the Group, of which €0.3 billion related to Chrysler.

Vehicle shipments in NAFTA totaled 510,000 units for Q1 2013, representing a 2% decrease versus Q1 2012. In the U.S., vehicle shipments were 420,000 (down 0.5%), in Canada 70,000 (down 7%) and 20,000 in Mexico.

During the quarter, the Group leveraged dealer inventory, reducing existing stock to compensate for lower production volumes associated with key product changeovers.

Vehicle sales^[1] in the NAFTA region totaled 508,000 for the quarter, an increase of 7% over Q1 2012. Sales increased 8% in the U.S. to 429,000 and 4% in Canada to 58,000, outpacing the market in both countries. In the U.S., the Group has posted 36 consecutive months of year-over-year sales gains. Similar to Q1 2012, the Group was the market leader in Canada.

The U.S. vehicle market closed Q1 2013 up 6% to 3.75 million vehicles. The Group's overall market share was up 0.2 p.p. over the prior year to 11.4%. Jeep vehicle sales totaled 101,000 for the quarter, down 12% year-over-year, primarily due to the phase-out of the Jeep Liberty, pending the production launch of the all-new 2014 Jeep Cherokee in Q2 2013, and a 12% decline for the Grand Cherokee attributable to changeover to the new 2014 model. Dodge, the Group's number one selling brand in the region, posted vehicle sales of 159,000 during Q1 2013, up 26% from the prior year mainly driven by sales of the new Dart (23,000 vehicles - not available in Q1 2012), the Avenger (+48%), the Challenger (+38%), the Journey (+27%) and the Durango (+23%). The Ram truck brand posted a sales increase of 14% to 79,000 vehicles, reflecting sales increases for both light-duty and heavy-duty pickups, up 19% and 18%, respectively. Chrysler brand sales totaled 80,000 vehicles during Q1 2013, up slightly from the same period last year.

The Canadian vehicle market declined 2% year-over-year to 363,000 vehicles. The Group's total market share was up 1.0 percentage point year-over-year to 16.0%, mainly driven by strong performance for the Ram pickup truck, Jeep Compass and new sales of the Dodge Dart.

Fiat branded U.S. and Canada sales, consisting of the Fiat 500 and Fiat 500 Cabrio, were 11,000 vehicles for the quarter, up slightly over the same period last year.

The NAFTA region reported revenues of €10 billion, down 3% over the prior year, primarily due to lower shipment volumes.

Trading profit for Q1 2013 was down 35% over the prior year to €397 million, primarily attributable to a reduction in shipments due to key model launches and preparation for the Q2 production launch of the all-new 2014 Jeep Cherokee and the associated industrial costs partly compensated for by continued favorable pricing. EBIT was €400 million, reflecting the trading profit performance for the period.

During the quarter, the Group received various awards and recognitions, including six awards for the Dodge Dart, twelve Group models being included in the "2013 IIHS Top Safety Picks", and the 2013 Ram 1500 winning the "2013 North American Truck/Utility of the Year", Motor Trend's "2013 Truck of the Year", and Four Wheeler Magazine "2013 Pickup Truck of the Year".

LATAM

In Q1 2013, Group shipments in the LATAM region increased 7% year-over-year to a total of 230,000 vehicles.

In Brazil, the passenger car and light commercial vehicle market was up 2% over the prior year to 789,000 units, representing an all-time record for the first quarter.

The Group strengthened its leadership in the Brazilian market, with overall share at 22.9% (the best Q1 share in Brazil since 2010) an increase of 0.2 p.p. over Q1 2012 and 3.0 p.p. ahead of the nearest competitor. Group products continued to perform well, taking a combined 27% share of the A/B segment, driven by the continued success of the Novo Palio. In addition, the Siena and Grand Siena posted a 115% year-over-year jump in sales and Strada sales were up 6% over the prior year to close the quarter with a 49% segment share.

The Group shipped 191,000 passenger cars and light commercial vehicles in Brazil, representing an 8% increase over Q1 2012. In March Fiat launched the Novo Uno MY 2014 with the addition of the College version and the Dodge Durango was also introduced during the quarter.

In May 2012, the Brazilian government reduced IPI tax up to 7% to boost vehicle sales. The reduced rates were originally set to be phased out during H1 2013, with progressive quarterly rate increases starting in January. In March 2013, the government extended the scheme to year-end 2013 and, as a result, the partial increase has been applied only in January.

In Argentina, where the market was in line with the prior year at 241,000 units, Group sales totaled approximately 29,000 units with share up 0.1 p.p. to 12.2%. In the A/B segment, share was 15.1%, with the Palio recording significant year-over-year growth (+156% vs. Q1 2012).

Group shipments in Argentina totaled 29,000 vehicles, increasing 14% over the prior year on the back of improved supply of imported vehicles from Brazil.

For other LATAM countries, shipments totaled approximately 10,000 units, a decrease of 24% mainly attributable to the political uncertainty in Venezuela.

The LATAM region reported revenues of €2.5 billion, down 5% in nominal terms due to negative currency translation impacts, but up 6% at constant exchange rates as a result of volume growth.

Trading profit was €186 million for the quarter (€235 million for Q1 2012). Net of unfavorable currency translation impacts (€25 million), trading profit was down 10%, with the positive impact of volume growth more than offset by higher industrial costs resulting from a less favoraproduction mix, due to the shift of the annual shutdown of the Brazilian plant from December 2012 to February 2013, and lower volumes of Chrysler products due to the effect of import quotas from Mexico introduced during 2012 in addition to the cost of new advertising campaigns in Brazil. Performance for the quarter was consistent with a full-year target for the LATAM region in excess of €1 billion.

EBIT was €127 million and reflects the trading profit performance for the period and a €59 million foreign currency exchange loss related to the February 2013 devaluation of the Venezuelan bolivar fuerte relative to the U.S. dollar.

APAC

Vehicle shipments in the APAC region (excluding JVs) totaled approximately 32,000 units for Q1 2013, up 28% from a year ago.

Regional demand was higher compared to Q1 2012 led primarily by growth in China and Australia, but with Japan, India and South Korea down over the prior year.

Group retail sales, including JVs, totaled 39,000 units for the first quarter, up 45% over the prior year significantly outperforming the market (+6%), mainly due to the strong performance in China (+109%) and Australia (+65%). Jeep brand sales were up 26% over the prior year with robust growth in Australia (+45%), China (+25%) and South Korea (+50%). The locally-produced Fiat Viaggio was once again the Group's second best-selling nameplate in the region (after the Jeep Compass).

APAC revenues totaled €968 million, up 36% over Q1 2012 (+38% at constant exchange rates).

Trading profit was €100 million, up 30% compared with €77 million for Q1 2012, mainly driven by volume growth partially offset by industrial costs and SG&A to support business expansion plans. EBIT, which also reflects the contribution from joint ventures, totaled €98 million, compared with €85 million in Q1 2012.

During the quarter, the Group increased focus on development of the Fiat, Alfa Romeo and Fiat Professional brands in the region, targeting significant growth in the Australian market. In South Korea, the Fiat brand was re-introduced with the launch of the Fiat 500, 500C and Freemont. The Fiat Viaggio continued to gain momentum in China, picking up 59 media awards since its introduction in September 2012, including 2012 "Sedan of the Year" byChina Mainstream Media Alliance.

Dodge Journey was re-launched in China in February with new and improved features. The Shanghai Auto Show in April was the venue for the Asian debut of the all-new 2014 Jeep Cherokee, the new 2014 model year Jeep Grand Cherokee with 8-speed automatic transmission, the 10^th Anniversary special edition of the Jeep Wrangler Rubicon and the all-new Chrysler 300S.

EMEA

Passenger car and LCV shipments in the EMEA region totaled 245,000 units for the first quarter, representing a decrease of around 15,000 units (-6%) over Q1 2012.

The Group shipped a total of 195,000 passenger cars (-8% year-over-year) and 50,000 LCVs (+5%).

In Europe (EU27+EFTA), the passenger car market registered a significant year-over-year decline (-10% to 3.1 million vehicles) with sales down in all major markets except the UK, where there was a 7% increase. In Italy, the market was down 13%, reaching the lowest level since 1980 despite improved demand for LPG and CNG-powered vehicles.

There were double-digit shipment decreases in France (-15%), Germany (-13%) and Spain (-11%). Elsewhere in Europe, there was an average 13% decrease in demand. The impact of the economic downturn was also evident in northern Europe, with markets such as Finland and Sweden recording year-over-year declines of 42% and 18%, respectively.

Group brands recorded a combined 6.4% share of the European market, a 0.1 percentage point gain over Q1 2012 (+0.2 p.p. over Q4). The Fiat Panda and 500, the two best-selling models in the A segment, posted shares of 14.7% and 12.7%, respectively. The 500L also performed well, ranking second in the Small MPV segment - just a few months after launch - with a 16.6% share.

In Italy, the Group increased market share 1.1 p.p. over Q1 2012 to 29.0%, benefiting also from its performance in the alternative fuel segment, where market demand was up 48% year-over-year. For other major markets, share was higher in Spain (+0.4 p.p. to 3.8%) and substantially flat year-over-year in France (3.6%), the UK (3.0%) and Germany (2.9%).

The Europeanlight commercial vehicle market (EU27+EFTA) registered a 10% decrease over Q1 2012 to 376,000 units, with overall demand again reflecting the sharp decline in Italy (-24%).

Fiat Professional closed the quarter with an estimated 11.6% share^[2], a 0.4 p.p. increase over Q1 2012 driven by positive performance in all major European markets. Excluding Italy, the Group's European market share was 9.4% for the quarter, representing a 0.8 percentage point year-over-year increase. Group share of the Italian market was 43.5%, representing an increase of 1.2 p.p. over Q1 2012. With 25,000 units sold, the Fiat Ducato was one of the most popular models in its segment with a 19.7% share (+1.8 p.p. over Q1 2012).

EMEA closed the quarter with revenues of €4,350 million, down 4% over the same period in 2012. The trading performance improved €50 million or nearly 25% over the prior year, with a reported trading loss of €157 million for the quarter. That result was achieved on the back of disciplined SG&A spending and better mix, mostly relating to the 500L, which more than offset lower volumes and continued pricing pressures. EBIT was negative at €111 million (negative €170 million for Q1 2012), including €38 million in result from investments (slightly up over Q1 2012).

During the quarter, the Fiat brand presented the 1.6L MultiJet II and 0.9L TwinAir Turbo engine versions (both 105 hp) of the 500L, as well as unveiling the Trekking model at the Geneva Motor Show.

Alfa Romeo unveiled the 4C sport coupé in Geneva to be released in the exclusive Launch Edition, followed a few months later by the standard production version.

The Jeep brand revealed the European premiere of the new 2014 Grand Cherokee and 2014 Compass, in addition to the 10th Anniversary special edition of the Wrangler Rubicon.

LUXURY AND PERFORMANCE BRANDS

Ferrari

During the first quarter, Ferrari shipped a total of 1,798 street cars, representing a 4% increase over the prior year driven primarily by 8-cylinder models (+5%) and, in particular, the contribution of the 458 Spider. For 12-cylinder models, sales were in line with the prior year with positive performance for the new F12 Berlinetta.

The US remained Ferrari's no. 1 market with 456 street cars shipped during the quarter (+14% over Q1 2012) and accounted for 25% of total sales. Volumes were also higher in the Asia-Pacific region, with a total of 336 cars shipped (+18% over 2012), on the back of double-digit growth in Japan and continued positive performance in Australia. In China, shipments were substantially in line with the prior year. In Europe, there was a decrease in shipments over Q1 2012, with positive performance in Switzerland (+19% to 114 vehicles) only partially offsetting declines in other major markets, particularly Italy (-54% to 56 vehicles) where the downward trend that began in 2012 continued. In the Middle East, volumes were up 74% year-over-year with 141 cars shipped and, in South Africa, shipments rose 45% to 32 vehicles.

Ferrari reported first quarter revenues of €551 million, an 8% increase over the same period in 2012 driven primarily by higher sales volumes.

Trading profit and EBIT totaled €80 million (€56 million for Q1 2012). The increase reflected higher sales volumes, as well as the contribution from licensing and the personalization program.

During the quarter, Ferrari presented the new limited edition LaFerrari at the Geneva Motor Show in March. Only 499 units will be made and orders for more than double that amount have already been received.

In a study recently released by Brand Finance, the world's leading brand valuation consultancy, Ferrari was named "most powerful brand" achieving the highest brand rating in the Global 500.

Maserati

During the first quarter, Maserati shipped 1,304 vehicles, a decrease of 5% over the 1,371 vehicles shipped in Q1 2012. Volumes for the Quattroporte were down year-over-year as a result of the changeover to the new model, which entered production in January. As a consequence, shipments for the quarter were down over the prior year in greater China (China-Hong Kong-Taiwan) (-16%), Japan (-14%) and in the Middle East (-48%). By contrast, shipments in Latin America were up 56%, 42% in Europe and 1% in the US.

Maserati posted revenues of €157 million for the quarter, down 4% over the same period in 2012. 

The trading and EBITloss of €4 million, compared with a €16 million profit for Q1 2012, primarily reflected lower volumes and higher selling costs associated with the launch of the new Quattroporte.

The Detroit Motor Show in January was the venue for the world premiere of the new Quattroporte, where Maserati presented both the 530 hp V8 and 410 hp V6 versions.

At the beginning of March, the four-seater GranTurismo MC Stradale was unveiled at the Geneva Motor Show, which was also the venue for the European premiere of the new Quattroporte.

COMPONENTS AND PRODUCTION SYSTEMS

Magneti Marelli

Magneti Marelli reported revenues of €1,469 million for the first quarter, representing a 1% increase over the same period in 2012 (+4% at constant exchange rates).

Positive performances (at constant exchange rates) in NAFTA, China and Brazil were partially offset by contractions in Europe (particularly in Italy, Poland, Germany and the Czech Republic).

The Lighting business line posted higher revenues (+7%) on the back of performance in China, as well as NAFTA where several new products were launched during the second half of 2012. Those increases were only partially offset by a general decline in Europe. For the Electronic Systems business line, revenues were up 20% year-over-year primarily due to sales of telematics box and navigation systems to non-captive customers. Revenues for the Powertrain business line were also higher (+3%) with a significant contribution from sales of components for the Dodge Dart. The remaining business lines reported decreases.

Trading profit for the quarter was €30 million, in line with Q1 2012 (€29 million). The increase in revenues was partially offset by costs associated with new product launches.

EBIT totaled €32 million (€28 million for Q1 2012), including the contribution of €2 million from joint ventures (negative €1 million for Q1 2012).

Teksid

The sector posted revenues of €173 million for the first quarter, a 22% decline over the same period in 2012, with lower volumes for the Cast Iron business unit (-18%) in both Europe and Latin America. For the Aluminum business unit, volumes were up 2% over the prior year.

Teksid closed the quarter with a trading loss of €6 million (trading profit of €3 million in Q1 2012), primarily reflecting the decrease in volumes for the Cast Iron business unit. The sector reported an EBIT loss of €6 million, compared with a €4 million profit for the same period in 2012. 

Comau

Comau reported revenues of €307 million for Q1 2013, a decrease of 14% over the prior year attributable primarily to Powertrain Systems and Service activities in Latin America.

Order intake for Systems totaled €323 million, representing an approximately 20% decrease over the first quarter of 2012 attributable primarily to Powertrain Systems. At 31 March 2013, the order backlog totaled €930 million, a 6% increase over year-end 2012.

Trading profit and EBIT were €9 million, compared to €3 million for the corresponding period in 2012. The increase was mainly attributable to the Body Welding operations.

 
Significant Events

2013 Outlook

Group confirms 2013 guidance as follows:

The manager responsible for preparing the Company's financial reports, Richard Palmer, declares, pursuant to Article 154-bis (2) of Legislative Decree 58/98, that the accounting information contained in this press release corresponds to the results documented in the books, accounting and other records of the Company.

DATED: 01.05.13

FEED: HA