Traffic has become so complicated in Beijing, that the 12th Five Year Plan City (2011-2015) suggests that people "to live near their workplace to avoid congestion." Growth of 35% of the Chinese automotive market in 2010 has alarmed the Chinese authorities, who decided to limit fleet growth in the municipalities of East China (Beijing, Shanghai) this year by eliminating incentives for the purchase small cars.
However, analysts predict this year 10% to 15% growth for the automotive market. "The real question is whether this growth can ultimately provide a potential sale of 30 to 40 million units, vehicles and individuals alike," said Philippe Couderc, a partner at audit firm PwC Consulting.In one study, PwC discusses the difficulties of a political, social and economic, which will face the sector in the Middle Kingdom that qualify, however, that "the potential demand in China remains quite strong, given the disparities of the car density by Region. "
A slowdown is already visible in Beijing
According to figures announced by the China Association of Automotive Manufacturers (CAAM), sales of vehicles in China rose 9.71% to 3.16 million units during the first two months of 2011, compared to the same period last year. For passenger cars, the increase is even slightly higher (+10.5% to 2.5 million units). But compared to last year, this growth is down (-30%).According to CAAM, this decline would be more related to the cancellation of incentives adopted in 2009 by the Chinese government for the purchase of new vehicles. From 1 January 2011, the Ministry of Finance of the PRC has imposed a 10% tax on vehicles with engines of 1.6 liter or smaller engine.
The automobile market in the Chinese capital was also cooled by the announcement earlier this year of regulations aimed at limiting the number of new vehicles. Now the Department of Transportation in the city of Beijing will choose each month among the 20,000 cases filed applications for registration on its site to address them. In 2010, the same number of vehicles was recorded on average each week in the capital! "The backlash suffered by our industry seems inevitable," says a commin Xingya Feng, deputy director general of the Guangzhou branch of Toyota payday advance."We are expecting a sales decline of up to 70%.
Beijing, representing only 5% of the Chinese automotive market is not the only city to have introduced these measures limiting. In Shanghai, where the average wage is about 3,400 Chinese yuan (a little over 340 euros) per month, the license plates are auctioned since 2008, selling between 40,000 and 50,000 yuan (4000 to 5000 euros). This limits the number of new cars registered nearly 8,500 a month. Other measures to reduce the introduction of new vehicles in the coastal cities are expected during this year, according to PwC.
At the conquest of other Chinese regions
However, specialists and manufacturers are optimistic about the outlook for the automotive industry.
The German group Volkswagen, number two in China after General Motors increased its sales by 37% in 2010 to over 1.9 million vehicles and plans to invest 10.6 billion euros between 2011 and 2015 to strengthen its position in the Chinese market. "While the automotive market will decelerate in 2011, we expect a good performance in the years to come," said Karl-Thomas Neumann, CEO of Volkswagen Group China. The group has embarked on building a new plant in Yizheng (Jiangsu Province), which will be operational in 2013 and show an annual production of 300,000 vehicles.
PSA Peugeot Citroen, which produced and sold just over 360,000 vehicles in 2010 on the site of the Dongfeng plant in Wuhan (Hubei Province), remains optimistic about this year.French producer, who holds 3.3% of the Chinese auto market, is the 8% by 2015 and plans to build two assembly lines for cars in the Citroen car factory in Shenzhen Chang'an ( Guangdong Province).
"The automotive industry in China is also a way to show it belongs to a social class," says an industry expert on the Chinese automotive website CAAM. "Where such a desire of Chinese consumers to buy a car." Over the past 60 years, the length of roads in China has multiplied by 46, reaching 65,000 km in 2010.
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Always fans of humor and entertainment, the French have been especially sensitive to self-deprecating humor in advertising in 2010. The winners of the pub, presented Thursday by the Ipsos institute, is a perfect illustration. Of the twenty campaigns on television and billboards acclaimed by the French, most skillfully combines these different registers.
In parodying the advertising codes, the second series of spot-Orangina that puts particular scene wildlife Flush armpits or hair from more offbeat fruit juice-both amuses, entertains and desecrates consumption. The cocktail is perfect. It is signed in this saga of the agency Fred & Farid the top of the podium in television.To establish his record, Ipsos combines scores for approval and allocation (ability to correctly assign the viewer mark in advertising or on television, he cites an inherent feature of the spot).
Same jurisdiction of the dispute and / or self-deprecating campaigns also acclaimed for the small screen, like the Leclerc (signed Australia) which promotes the toothpaste without packaging by a blonde not so fair as that, or that of PMU-produced by Publicis Conseil, who announced his arrival in Paris by inviting athletes jockeys to sing their anthem on horseback at football or rugby. A new version of the campaign, always playful with jockeys, starts this Friday on TV.
"More than ever, people are wary of all forms of authority, decrypts Marie-Odile Duflo, CEO of Ipsos ASI.Discredit the authorities, exacerbated by revolts in Arab countries or the revelations of Wikileaks, leading consumers to regain control, even indirectly. "The ad is in that sense more attractive than another.
Breaking with boredom
On display to grab the attention and ensure proper storage, nothing beats the winks. Like the declination of the campaign "Come as You Are" McDonald's, which incorporates the traditional last box of Asterix albums to divert the feast of indomitable Gauls in a McDonalds restaurant. Increasingly integrated into the landscape hexagonal image of American fast food, a symbol of globalization, improved spell. This subtle approach had already been distinguished by the professionals at Crystal last Festival. It is the agency BETC Euro RSCG to be crowned in this category.The award winners also display the constancy of Trésor by Lancôme to celebrate the eternal feminine (Penélope Cruz signed with campaign Higher + Higher) or the invitation of Coca-Cola to project ourselves into his factory to happiness (Ogilvy & Mather). "Basically, the ads should be entertaining, said Vincent Leclabart, president of the agency Australia, winning four times in the TV awards, including Bonduelle, Leclerc and CIC, which all use the spring comedy. 80% of French people are not interested in the pub, which they regard as a source of trouble, according to the latest survey from TNS Advertising & Society. "
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Billionaires in the world have never been so numerous. And, with a fortune of 41 billion dollars, the French Bernard Arnault took fourth place in international rankings of 1210 established the very wealthy by Forbes magazine. The boss of LVMH ranks well behind Mexico's Carlos Slim (74 billion) and Americans Bill Gates (56 billion) and Warren Buffett (50 billion).
Within a year, the French businessman has moved from seventh to fourth place on the list of the richest men in the world. Bernard Arnault is even the richest in Europe. It must be said that the CEO of world number one luxury saw his fortune grow by $ 13.5 billion over the last twelve months and $ 24.5 billion over the past two years.The leader has particularly benefited from the recovery in the luxury sector for two years and particularly in Asia and emerging markets.
Fourteen French billionaires, including four in the top 100
The ranking of the world's first hundred fortunes of four French. Liliane Bettencourt, heir to the L'Oréal group, going from 17th to 15th in the world ranking, with 23.5 billion dollars. François Pinault, the former chairman of Pinault-Printemps-Redoute (PPR), won ten seats and is at 67th place with $ 11.5 billion.Serge Dassault, head of Dassault *, back to the 89th to the 96th place with a fortune estimated at $ 9.3 billion.
Ten other French are a Forbes billionaires: Jean-Claude Decaux (162nd in the world with 6 billion dollars), tied with Alain and Gerard Wertheimer, Chanel group, ahead of Alain Mérieux group BioMerieux (247th fortune with 4 bad credit personal loan lenders.3 billion), Xavier Niel (297th with 3.7 billion). Martin and Olivier Bouygues (304th with 3.6 billion dollars) and Pierre Bellon (393rd place with $ 2.9 billion) also appear in the first third of the world's richest billionaires.
The Honorary President of Adecco, Philippe Foriel-Destezet, monitors (459th with 2.5 billion dollars) while Vincent Bolloré (736th with $ 1.7 billion) No Reinold Geiger (879th with 1.7 billion) and Marc Ladreit de Lacharriere (1057, with 1.1 billion) are placed in the bottom.
United States: a factory billionaires idling
With 413 billionaires, the United States remains the largest producer of wealthy people in the world, but their weight becomes lower. Toutfeois, American Bill Gates have been leading the world rankings if he had not given much money to philanthropy.
Groups have generally benefited from the rebound in emerging markets like Carlos Sim, the king of Mexican telecommunications. In one year, the Mexican who weighs nearly 15% of the GDP of his country, increased its assets by more than 20 billion dollars.
Further evidence of this dynamic emerging markets: China has twice as many billionaires as last year. And Moscow is the city of the world's most populated by billionaires.
* The Dassault owns Le Figaro Group
Veolia CEO since late 2009, only to orders from Henri Proglio, CEO of EDF, he left the presidency last December, Antoine Frerot Friday presented the results of group services for local communities. 2010 net income of Veolia fell by 0.5% to 581 million euros. But its revenues, driven by higher prices of recycled materials, rose 2.5% to 34.8 billion euros. Recurring operating income stood at 2.1 billion euros, up 8.5%. Veolia has also finalized with the Deposit reconciliation between its subsidiary Transport and Transdev.
Le Figaro. – How do you see 2011?
Antoine Frerot. – We are confident, after better than expected in 2010.Encouraged by the positive trend from the end of 2010 we expect further organic growth and operating profit up 4% to 8% higher by at least two points to economic conditions. Our debt will not increase. We will continue with the plan of divestment of marginal, which has already amounted to 2.5 billion in two years: 4 billion euros of assets will be sold again by the end of 2013, including $ 1.3 billion this year. And we will accelerate the cost reduction program, which was last year exceeded our expectations with savings of 265 million euros. It will grow to 300 million per annum by 2013.
And then?
I want to give back to Veolia status company for profitable growth it had before the crisis. Regarding activity, the slope is already in the right direction. Turnover was up 4.7% in the fourth quarter of 2010.As the volumes of waste, the recovery is slow but confirms quarter after quarter.
Veolia how will he develop?
We must broaden our borders. We are positioned on areas of environmental services where demand is growing but supply is still scarce free credit score. In cleanliness, we will complete our network of treatment and recycling of toxic industrial waste in Europe and also in China, a country that has taken this issue head-on in the body. In water, we want to provide more support to major manufacturers in emerging countries. In energy, it is on the local production of energy from cogeneration and biomass, coupled with district heating, we will focus.
You expect acquisitions?
We rely primarily on organic growth, even if small purchases are not excluded.In three years, 6 to 7 billion euros will be earmarked for investments in our priority areas. Almost half will be allocated to contracts already signed, the other half will go to new projects.
Where is the proposed merger with EDF, Dalkia through your joint venture?
We are in the beginnings of an industrial partnership. It is too early to discuss the evolution of our partnership capital.
Is your business affected by the ongoing events in the Mediterranean countries?
No. Veolia has very little activity in Egypt, Libya and Tunisia.We are more present in Morocco and the Gulf countries.
Except for the nomination, your initiative, a unique boss at the helm, Transdev Veolia, you have not changed the management of Veolia?
I remind you that more than half the current members of the Executive Committee of Veolia was not part of a year ago and a half. Antoine Frerot, CEO of Veolia, presented Friday the group's results to local services.
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Zodiac? We never imagined a hostile transaction. A party Zodiac shareholders were not interested in our offer of alliance. We have turned the corner, "said Jean-Paul this Thursday Herteman, Safran, during the presentation of results 2010. The engine manufacturer is also active in the defense and security, has made a "good" performance last year's operating income increased 20% to 878 million euros and net income (group share) of 29% to 508 million euros from a turnover of 10.7 billion (+3%). Of debt, Safran found some leeway to make acquisitions "targeted".
But the attempt at rapprochement with Zodiac, equipment specialist, has failed."The story is perhaps not over," says Jean-Paul Herteman for the transaction retains its particular interest, especially in terms of synergies in electricity generation. His mastery is key in the great coming technological revolution in the manufacture of aircraft of the future, much quieter and more fuel efficient.
To play leading roles, Saffron seeking a partner or ally payday loan. "We are missing a few bricks in spite of our technological leadership positions on the engines and boxes, wiring, power electronics or electrical equipment of the most advanced programs, such as electric brakes for the Boeing B787, President Safran said. The group already supplies the engine of the C 919 Chinese, future rival of the A320 and B737, announced Thursday the creation of a joint venture with Comac, the builder, in the wiring.The C-919 as the Airbus A320 NEO (remotorized) will feature the Leap-X engine offering reduced fuel consumption by 15% compared with conventional devices. These aircraft will provide the transition until the new disruptive technologies are ready in 2025-2030.
To prepare for this "electric aircraft," Safran also has its own strengths. He launched the plan which provides Amp several hundred million equity investment in five to seven years ahead in technology for power generation.
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Feb
22
The articulation of the French nuclear industry is probably the greatest industrial complex issue to manage for the government. For months, governments are seeking a scheme that guarantees efficient operation, with clearly identified relationships between actors, EDF and Areva head. Monday at the Elysee Palace, Nicolas Sarkozy chaired a Council responsible for nuclear policy to formalize this new system. It issued its findings in stride. All the question marks in the industry are not addressed, particularly the issue of succession to the presidency Anne Lauvergeon of Areva. Similarly, nothing is said explicitly about the possible entry of EDF's capital even Areva, while the previous Council's nuclear policy, last summer, noted that this possibility should be studied.However, the Council on Monday gave a number of key for a better industrial organization and a secure supply of uranium. Finally, more than ever, it confirms EDF's role as leader of the industry, but not under any conditions.
• EDF pilot sector
In the eyes of the Council of nuclear policy, EDF, the first global nuclear electrician, must assume its responsibilities. In this context, the Council of nuclear policy installs a strategic committee of nuclear power, bringing together all actors in the nuclear industry. Minister of Energy will assume the presidency but the Vice-Presidency is entrusted to the CEO of EDF. Load therefore Proglio animate all French industry.The government does not want a repeat of the recent episode of steam generators, where EDF has openly challenged Areva.
• Three new reactors in the study
Nuclear Policy Council took note of the weakness of the French offer for medium-power reactors instant personal loans guaranteed. He asked Areva, EDF and GDF Suez to intensify their cooperation in the TDD, a third generation reactor of 1000 megawatts (cons for EPR 1650) and thus have it certified. The Commission notes that a study be launched to implement a tool of its kind in France. Currently, the only nuclear site in France for the Flamanville. The government, aware that China is the first global nuclear market (100 new reactors are planned over the next twenty years), imply that France is participating in this program successfully.EDF will be allowed to be developed with its Chinese partners a third generation reactor mégawwats of 1000.
• A partnership between EDF and Areva reactivated
Operationally, Areva and EDF are invited to operate more effectively on many issues: in addition to sharing lessons learned about the EPR, improved maintenance and operation of the park is a priority. In the background, extending the life of French power stations.
• Spin Areva mines
A new milestone was reached in the case of mining of Areva. While reaffirming that "this is a mining asset for Areva, the nuclear policy of the Council asks him to spin off. A step that should probably be followed by an opening of the capital.This spin will be "pre-examination and implementation of strategic and financial scenarios to ensure its development," the statement said. At this stage it is not said whether or not EDF will be allowed to enter the capital, while such a scenario is under consideration in the number of global electricity. Areva and EDF are, at present, only invited to conclude an agreement "to long-term supply of uranium EDF.
This is called an agreement snatching! A few hours of the end of the summit of G20 finance ministers of the richest countries of the world have finally reached an agreement on how to measure global economic imbalances. "It was not easy," acknowledged the French Finance Minister Christine Lagarde, who spoke of the discussions "frank and sometimes tense no fax cash advance." "But" fruitful "in the end.
The player has to use default in the articles of figaro.fr. maj1
French banks have their eyes fixed on the popular uprisings in Tunisia and Egypt. And because they are particularly engaged on the continent, let alone in these two Mediterranean countries.
French institutions are even the first European creditors in Egypt with $ 17.6 billion loan to Egypt, according to September figures from the Bank for International Settlements. The exposure of British banks, second most after France pledged amounted to $ 10.7 billion against 6.3 billion for Italian institutions. In total, European banks have lent $ 40.3 billion in Egypt.
Societe Generale has achieved 3% of its annual profit in Egypt
Societe Generale is the largest presence in Egypt.Its subsidiary, National Societe Generale Bank has 4 billion euros in loans and deposits 6 billion, according to figures released by the bank. The country accounts for about 3% of annual profits of the bank. It must be said that the continent is a development target for the French establishment no checking account payday advance. Societe Generale has also unveiled in late April its plans to open about 500 branches in Africa by 2015.
Societe Generale is not alone on this continent. Farm Credit makes almost 1.5% of its profits in Egypt with a billion euros of credit agreements and 2.5 billion of deposits at end-December. Proportionally, BNP Paribas is less involved on the continent: only 0.2% of its profit comes from its activities in Egypt, according to a note published in January by the Office of Analysis Keefe, Bruyette & Woods. The risk premium associated with the African continent is expected to grow.But for now, French companies do not seem willing to reconsider their strategy of expansion on the continent.
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Defector operator SFR, Jean-Marc Tassetto pilot the French subsidiary of Internet giant for three months. He wants reassurance about the intentions of Google, for which France is a strategic market.
LE FIGARO. – Go to Google SFR, is it culture shock?
Jean-Marc Tassetto. – In one hundred days as head of Google France, Google how I measured up to France, how is an important partner for SMEs, how it is user-focused and innovation, and finally how the gap is wide between its image and its hegemonic culture of openness. Eric Schmidt announced the installation in France of a research and development of a European cultural center.Today, Google France has 250 people but that figure will double within two or three years.
What is your mission?
My first mission is, of course, commercial development, including mobile and display. But I also need to communicate better. Google is a 13 year old girl who has to explain what it does. My mission is to make Google France and a French company to soothe and clarify relationships with rights holders, publishers and government. To do this, Google has become a member of several professional associations, helps French start-ups and signed agreements with rights holders and publishers. Finally, I discuss with the Union of the national daily press (SPQN) and the GIE for digital newsstand.
In publishing, your agreement with Hachette Livre sensation.
We have agreements with 40 libraries worldwide, including that of Lyon, and with publishers, including Hachette Livre, to digitize and restore life to books copyright free. With Hatchet, Google scans, give the file to the editor, left free to exploit it and set its price! The opposite conditions imposed by Apple. Our model is clear, there is no dirty trick.
TV channels are concerned about Google TV
This is a subject on which France can play a role, because our country is at the forefront on IP TV. We must explain to broadcasters that Google will not cannibalize TV advertising market but to expand it by attracting new small advertisers. I met the bosses of channels to explain the development opportunity in the catch-up TV and video on demand they can grasp with our tools. So many new recipes for them.We have time before the planned launch in 2012.
Would you be willing to finance the creation via "Google tax"?
We must not ignore the investment made to provide designers a platform to disseminate and promote free like YouTube quick cash. We signed with all copyright holders and propose Content ID to identify protected content on the platform. We can probably go further. The only movement we do not do today is to go towards the production of content.
Moreover, the impact of Google on the French tax is not neutral. SMEs buy from Adwords are collecting VAT in France.
Nevertheless there is a broader issue, which is that of the European harmonization of taxation and who is beyond us.But Google has, at its international expansion, sought to optimize their tax situation, human and operational. The choice fell on Dublin, where we now have 1,800 people.
After France, Italy, Brussels inquiry into the dominance of Google. What concessions could you do?
We will answer all questions in Brussels, with supporting figures. In France, the Competition Authority has found our dominance without going further. She believes that our position is the result of ongoing efforts and not the market. I am convinced that there is no abuse.
Your position also worried newspaper publishers …
Google is working with them. My first appointment was in 2011 with GIE E-Press NewsPass to provide a platform for digitization, distribution and payment of content. It is an alternative to Apple takes 30% on each sale.Google is simply the cost of the platform, which is 10%. A pilot will be launched in the first quarter with the GIE.
The new rules buying keywords are disputed. Should we go back?
Brussels has confirmed our options in this area. I heard myself and explained with labor unions in the sector. Their comments are legitimate. This policy of purchasing keywords is in place for years United States and the United Kingdom. Experience shows that it is useless to buy his own mark in keyword, because your competitors do not buy it for you. SFR will never buy the keyword for Orange customers. Only sites merchants have an incentive to buy several brands.
How do you analyze the reorganization of Google?
Google is now facing a multi-product growth and international importance.This will now be the role of Eric Schmidt as executive chairman. Larry Page, the new CEO, will ensure a culture more start-ups, as co-founder. Finally, Sergey Brin, the other co-founder, remains focused on business strategy. Each will be in its center of excellence.
The British touch of a finger, for the first time this week, the effects of rigor Cameron announced by the government, with an increase in VAT from 17.5% to 20%, its highest level ever. This increase is accompanied by a general increase in public transport prices, ranging from +5.8% on mainline trains to +6.8% for the metro and buses in London.
Layoffs
Billed as "tough but necessary" by the Minister of Finance George Osborne, the measure aimed at reducing government deficits should not be immediately reflected on prices pay day loans. But she should have a negative effect on consumption at the end of the month. According to the research center of the distribution (RRC), the price increase will cost an average of 520 pounds (605 euros) per family in 2011.