natgillin/translations-raw huggingface dataset:
These assessments are therefore very often unconnected with the underlying economic principles.
Diiselmootoriga sõidukite puhul ulatuvad Trémery ja Douvrini tehastes tehtud investeeringud [100–200]* miljoni euroni, mis moodustab [0–5]* % kogu ümberkorraldusperioodi jooksul investeeritavast [10–20]* miljardi euro suurusest summast, seejuures nimetavad Prantsuse ametiasutused seda osakaalu „äärmiselt tagasihoidlikuks, isegi tähtsusetuks“.
As a result, the French authorities consider that, in order to implement the restructuring plan, they could legitimately take the forecasts of IHS Global Insight as a basis, applying a stress factor thereto, and disregard the financial analysts' assumptions.
Kõnealune finantsmõju on kajastatud PSA 2012. aasta novembris koostatud keskpika tähtajaga kavas ja on toodud ka kõnealuse kava ajakohastatud versioonis, seega leiavad Prantsuse ametiasutused, et need investeeringud on komisjonile esitatud ümberkorralduskava üldpõhimõtetega täiesti kokkusobivad.
Lastly, the French authorities stress that the private sector believes that the PSA Group will become viable again.
Tööstuslikule tootmisele avaldatava mõju osas on kõnealuste meetmete eesmärk muuta [39] olemasolevaid diiselmootoriga sõidukite tootmise mahte ühtlasemaks: tootmismaht ei suurene [ 100000–200000] sõiduki puhul, mis on seotud „50CO2Cars“ projekti praeguse etapiga, pigem on tegemist osa tootmisvahendite ümbersuunamisega ülemäärase mahuga tootmissegmendist segmenti, mis on alles väljaarendamisel ja mille tootmismaht võib seetõttu olla liiga väike (ettevõttesisene vahendite ümbersuunamine atraktiivsemate toodete kasuks).
This belief is shown first by the alliance between PSA and GM which was bolstered by the signature on 20 December 2012 of final agreements on three vehicle projects and the creation of a joint venture for purchasing.
Jõuülekannete puhul kinnitavad Prantsuse ametiasutused menetluse algatamise otsuse põhjenduses 202 toodud analüüsi: kui „50CO2Cars“ projekt osutub edukaks, hakatakse praegu välisriikidest sisseostetavaid lahendusi tootma kontsernisiseselt [40].
The bank financing of EUR 11,6 billion obtained by BPF is proof, moreover, of market confidence that matters will improve.
Vajalikud investeeringud, mida nähti ette ka komisjonile esitatud ümberkorralduskavas, on toodud ka ajakohastatud keskpika tähtajaga kavas.
Lastly, the recent securitisation operations undertaken by BPF show that the market is not averse to the risk represented by automotive activity.
Prantsuse ametiasutused leiavad, et selline tehnoloogia välismaalt sisseostmise piiramine on kooskõlas kontserni elujõulisuse taastamise eesmärgiga.
ON THE LEVELS OF USE OF THE PSA GROUP'S CAPACITY AND THE DIVERSIFICATION OF ITS SALES
Rahaliselt võimaldab see toiming lõpetada kasumi kandumise välisriikidesse, likvideerib Jaapani jeeni vahetuskursist tingitud ohud [41] ja võimaldab vähendada logistikakulusid ja transpordiaega, jättes PSA kontsernile samas alles võimaluse kiiresti reageerida nõudluse muutumisele.
The French authorities consider that the Commission's doubts about levels of use are unfounded as it has not taken account of the closure of the Aulnay plant which will, in their view, offset the PSA Group's competitive deficit in segment B. In so far as the PSA Group faces very strong competition in this segment, this closure will be particularly significant in terms of restoring viability.
Ja lõpuks ulatuvad ümberkorraldusperioodi kestel tehtavad hübriidsüsteemidega seotud investeeringud [40–50] miljoni euroni, mis moodustab [0–5] % kogu kavandatud investeeringust, mis Prantsuse ametiasutuste hinnangul tähendab väga väikest ulatust.
The French authorities consider that the PSA Group has taken all the measures needed to achieve its target of 50 % of sales outside Europe in 2015: opening a third plant and new dealerships in China, renewing the range of vehicles marketed in Latin America, launching two models specifically to be sold outside Europe and lastly, as part of the alliance with GM, developing a joint platform for marketing segment B vehicles in Europe and jointly developing a new generation of small economical petrol engines and vehicle projects in Latin America, Russia and other growth markets.
Need investeeringud on lisaks sellele seotud alles tekkiva turuga (ja seega ei saa olla tegemist ülemäärase tootmismahuga).
ON THE ROLE PLAYED BY THE 50CO2CARS PROJECT IN RESTORING THE PSA GROUP'S VIABILITY
Ka need investeeringud on seega kooskõlas PSA kontserni ümberkorralduskava eesmärkidega.
On the coherence of the 50CO2Cars project with the PSA Group restructuring plan
Positiivne mõju kontserni müügimahule ja kasumlikkusele
The French authorities stress that the major R&D efforts within the 50CO2Cars project are intended to get to grips with a technology that will make diesel more environmentally-friendly and energy-efficient.
Prantsuse ametiasutuste väitel võimaldab „50CO2Cars“ projekt ümberkorralduskava abil muuta PSA kontserni müügitegevuse ja kasumlikkuse dünaamilisemaks.
This R&D project will therefore help to implement a strategy to reverse the downward trend in sales of diesel vehicles.
Vastates komisjoni menetluse algatamise otsuse põhjendustes 210 ja 211 esitatud küsimustele (diiselmootorite bensiinimootoritele eelistamise põhjendatuse kohta) ja põhjenduses 216 esitatud küsimusele („50CO2Cars“ projekti äriplaan ja selle aluseks olevate eelduste usaldusväärsus), leiavad Prantsuse ametiasutused, et järgitav strateegia ei ole mitte üksnes tööstuslikult põhjendatud, vaid avaldab positiivset mõju ka kontserni müügitulemustele.
Diesel vehicles are at present an important source of revenue for the PSA Group: in 2012, [60-80]* % of the vehicles sold by PSA in Europe were fitted with this type of engine.
Ametiasutused on seisukohal, et selle asemel, et arendada odavamat bensiinimootoritele suunatud hübriidtehnoloogiat, tuleb pidada eelistatavaks teha investeeringuid diislikütuse ökoloogilis-energeetilise bilansi parandamiseks, et esmajärjekorras „hajutada tarbijate kõhklused“ ja seejärel, teises etapis kanda „50CO2Cars“ projekti tulemused üle bensiinimootoritele, [42] mida on seejärel võimalik levitada algseadmete valmistajate vahendusel üle maailma, suurendades seeläbi tehtud investeeringute tootlust mastaabisäästu abil.
PSA has an optimal industrial base, a good brand image and a substantial profit level for this type of vehicle, which is better than for its petrol engines.
PSA valitud strateegia põhjendatust on kinnitanud läbiviidud turu-uuringud, mis on üksmeelselt prognoosinud [43] diiselmootoriga sõidukite müügimahu kasvu lähiaastatel.
It is not, however, being helped by the current context: the ongoing worsening of the image of these engines in Europe, changes to the regulatory and normative framework (Euro VI) which could entail a surcharge on diesel, but not petrol, engines and thus deter people from buying diesel engines, especially as the strategy of downsizing [34] to comply with standards that has so far been implemented has gone as far as it can and some States or local authorities are planning to adopt a tax system that penalises diesel.
Prantsuse ametiasutused on esitanud „50CO2Cars“ projekti finantsmõjude kohta äriplaani, mis põhineb ajakirjanduses laialdast kajastamist leidnud eeldustel ja hõlmab prognoositud rahavoogusid kuni 2026. aastani (mida tuleb hilisemaid ajakohastamisi ja EURO VI standardite asendamist silmas pidades lugeda põhjendatuks).
PSA considers that the margin losses connected with the replacement of diesel sales by petrol sales in the European market would be some EUR [500-700]* million.
„50CO2Cars“ projektiga seotud teadus- ja arendustegevus toimub ajavahemikul 2013–2017, seega on esimeste mootorite turustamist oodata 2016. aasta keskel ja 2017. aasta alguses, sellele järgneb peagi ka ökonoomse hübriidsüsteemi väljalaskmine.
At a time when the purchasing power of households is declining and consumers have growing ecological concerns, maintaining the competitiveness and brand image of diesel engines (in comparison with petrol engines) is a primary objective for the PSA Group.
Tasuvuse arvestuse jaoks on kasutatud kaht ajakohastamismäära (vastavalt [10–13]* % ja [13–15]* %), neist viimane võimaldab paremini arvesse võtta hiljuti täheldatud rahastamiskulude kasvu.
As the price levels of existing diesel hybrid vehicles are not compatible with mass marketing, major investment in R&D is needed to make this technology available as widely as possible.
Mingeid tulusid ei ole prognoositud „50CO2Cars“ projekti teatud tulemuste patenteerimise pealt.
By making diesel fuel more competitive and providing it with a better image, the 50CO2Cars project could, in the view of the French authorities, play a positive part in restoring viability, by maintaining not just sales of diesel vehicles by the PSA Group, but also its margins.
Tabel 15
If the industrialisation plan were ultimately to be successful, the 50CO2Cars project technology would offer a major reservoir for growth in an emerging market by 2020.
„50CO2Cars“ projekti finantsindikaatorid
Grasping the opportunity to capitalise on the potential outlets for diesel mild-hybrid engines at the end of the restructuring plan would make it possible to secure turnover by diversifying into a promising segment which is part and parcel of the Group's core business (mass produced vehicles).
PSA kontsern
On the need for investment, the French authorities draw a line between the proposed reduction of investment ‘as a compensatory measure’ to limit the extent of the distortions of competition linked to the State aid, and the continuation of the R&D investment that the enterprise needs to ‘restore its viability in the long term’.
(võrreldes stsenaariumiga C)
The French authorities stress that, in its decision-making practice, the Commission has accepted on a number of occasions that a firm's viability could be restored by launching new products in order to increase turnover [35].
Stsenaarium A*
The authorities point out that PSA would be forced, if there were no specific State aid for the 50CO2Cars project in the restructuring plan, to implement a ‘counterfactual’ project.
(„50CO2Cars“ koos riigiabiga)
As it cannot on its own overcome the technological obstacles and would not be able to work on 50CO2Cars with its chosen partners, the Group would have to restrict its investment solely to the minimum necessary to ensure that its diesel engines comply with the regulatory changes.
Stsenaarium B*
The French authorities stress in this respect that the intervention by the public authorities does not just provide the PSA Group with financial support for the successful completion of the 50CO2Cars project, but also makes it possible for the Group to rally together a consortium of partners (industrial firms, associations, research laboratories, etc.) whose coordinated efforts are needed to resolve the technological obstacles standing in the way of the development of a low-cost diesel hybrid engine.
(„50CO2Cars“ ilma riigiabita)
They contend that, in all likelihood, a failure to approve the State aid to the PSA Group as leader of 50CO2Cars would call this project into question not just for the Group, but also for all its partners.
NPV [10–13]* %
A counterfactual strategy of replacing diesel by petrol would entail additional costs and involve major industrial risks: expertise in diesel would have to be given up, sales would be lost during the transitional period and resources would have to be found to adapt and streamline the Group's production system for petrol engines by drawing on resources which are needed to restore viability.
[0–10] mln eurot
In short, the French authorities consider that the 50CO2Cars project is necessary both to keep the PSA Group's core industrial activity (diesel engines) profitable and to enable the PSA Group's viability to be restored by giving it the wherewithal for growth following restructuring (new range of innovative and profitable vehicles).
[60–70] mln eurot
This investment in R&D is therefore fully in line with the targets of the restructuring plan.
NPV [13–15]* %
On the Commission's doubts in its opening decision
[50–60] mln eurot
The French authorities understand from the opening decision that the Commission, taking the view that the PSA Group is allegedly lagging behind in the R&D field, considers that the 50CO2Cars project ‘is necessary to restore the viability of the PSA Group only in so far as it may help the Group to offset its backwardness in R&D in comparison with its competitors’.
[90–100] mln eurot
They contest the very principle of this finding.
Mootori veorihma poolse ülekandega süsteem
First, the French authorities reiterate that the 50CO2Cars project can help to restore the Group's viability: restoring the environmental image of diesel vehicles; new consumer dynamic (concept of hybrid vehicles available as widely as possible); reservoir for growth at the end of the restructuring plan.
+ [30–40] mln eurot
Second, the structural handicap in terms of R&D, which the notification cites as an explanation for some of the PSA Group's difficulties, lies in the fact that the Group is lagging behind in component standardisation, thereby reducing the productivity of R&D efforts in comparison with those of competitors (scale effect).
[20–30] mln eurot
The 50CO2Cars project should make it possible to remedy this situation, in so far as:
Prantsuse ametiasutused järeldavad selle alusel, et sõltumata valitud tehnoloogilisest variandist on stsenaariumi B tulusus stsenaariumiga C võrreldes alati negatiivne, seega on „50CO2Cars“ projekti elluviimine ilma riikliku toetuseta „ilmselt ja lihtsalt võimatu“.
first, the 50CO2Cars project will improve the standardisation of some automotive components, in particular the powertrain,
Stsenaariumi A puhul arvutatud nüüdispuhasväärtuse (NPV) väga madal määr (vaid veidi suurem [10–13]* % diskontomääraga stsenaariumi C omast, negatiivne NPV [13–15]* % diskontomäära puhul) näitab, et sellised tasuvuse tasemed on proportsionaalsed esimese innovatsioonipõlvkonna arengueesmärgiga.
second, the circumstances in which the 50CO2Cars project is being run will make the PSA Group's R&D efforts more productive, in particular as a result of the synergies offered by coordinated work with various partners, and also follow-up by the public authorities awarding the aid.
„50CO2Cars“ projektiga seotud riskid on nelja laadi ning riigiabi andmine võimaldab neid olulisel määral vähendada:
Third, and in particular, the French authorities object to the ‘legally new’ nature of the criterion that the Commission adduces in recital 169 of the opening decision, based on the PSA Group's backwardness in the R&D field.
õigusaktides sätestatud nõudmistest tulenevad riskid, mis on seotud diiselmootoriga sõidukite uue tüübikinnituse tsükliga;
They consider that the arguments adduced so far are enough to prove the positive contribution that the 50CO2Cars project will make to restoring the Group's viability.
tehnoloogilised riskid, mis seisnevad mitmete tehnoloogiliste takistuste kõrvaldamises tarbijatele kättesaadava „mild-hybridation“ tehnoloogia väljaarendamiseks;
It is only as a subsidiary issue that they therefore examine the question of whether such a criterion is met in the case at issue:
kaubandusriskid, mis on seotud tarbijate ostukäitumisega ja nende tundlikkusega keskkonnamurede suhtes;
Technological backwardness in hybridisation technologies
finantsriskid, mis on eeskätt seotud PSA kontserni rahaliste vahendite piiratud kättesaadavusega.
According to the French authorities, this criterion of backwardness in the R&D field is met for the following three reasons:
TASAKAALUSTUSMEETMED
first, they point out that the three technological building blocks of the 50CO2Cars project cover fields in which the PSA Group continues to lag behind:
ÜLDISED MÄRKUSED KAVANDATAVATE MEETMETE MÄÄRATLEMISE KOHTA ÜLDISTEKS TASAKAALUSTUSMEETMETEKS JA NENDE MEETMETE ULATUS
in the case of diesel vehicles, the Group is lagging behind in technologies to limit engine consumption.
Prantsuse ametiasutused leiavad, et menetluse algatamise otsuses ei esitanud komisjon mingit täpset hinnangut väidetava konkurentsi kahjustamise ulatuse kohta.
This is precisely the field targeted by the 50CO2Cars project,
Seetõttu võib PSA kontserni kavandatavaid meetmeid pidada igal juhul täiesti piisavateks.
in the case of transmissions, the PSA Group is lagging behind in the field of dual clutch transmissions (DCT), largely because of a traditional preference for driven or automatic gearboxes (‘BVMP’), whereas this technology has proven to be less commercially successful than its rival.
Mis tahes nõuete täiendav rangemaks muutmine läheks vastuollu päästmise ja ümberkorraldamise suuniste punktis 47 osutatud proportsionaalsuse nõudega.
The 50CO2Cars project will therefore make it possible for the Group to catch up as regards both DCT and eDCT transmissions,
Lisaks sellele leiavad ametiasutused, et kavandatavad tasakaalustusmeetmed on suunatud B- ja C-segmendile, erinevalt sellest, mida oli märgitud menetluse algatamise otsuses.
The French authorities agree in this respect with the Commission's initial comment (in recital 187 of the opening decision) that the existing Stop & Start micro-hybridisation technology [37] is not enough to place it at ‘the technological cutting-edge of CO2 gains’, which requires the successful development of a mild- or full-hybrid technology.
Meede, mis on seotud üle kaheliitrise töömahuga mootorite tootmisest loobumisega ning plug-in hübriidtehnoloogia arendamise ja tootmise peatamisega, avaldab märkimisväärset mõju C-segmendile.
Consequently, the aim of the 50CO2Cars project is to make up for the Group's technological backwardness in hybridisation systems;
Prantsuse ametiasutused meenutavad, et PSA kontserni kavandatavad tasakaalustusmeetmed on märkimisväärsed – need toovad rakendamisperioodi lõpuks kaasa turuosa vähenemise [0–2]* % ulatuses.
second, they consider that the 50CO2Cars project will give the PSA Group the wherewithal to make up for its backwardness, by resolving a number of the technological problems raised by hybrid technology:
ERINEVATE TASAKAALUSTUSMEETMETE KOHTA ESITATUD KONKREETSED MÄRKUSED
the diesel engines developed by the 50CO2Cars project will make it possible to achieve CO2 emissions of [50-70]* g/km in segment B (vehicles of a power of between 40 and 70 kW), even if sole use is made of the Stop & Start technology, so that PSA could have, by 2017-18, a low-consumption diesel range with an emission level comparable to that of its competitors in the European market,
PSA kontserni täiendavate investeeringute vähendamine
the dual clutch eDCT intelligent transmission will make it possible to optimise the energy performance of the hybrid powertrain and will be compatible with a wide power range of different electrical machinery.
Citroën C6 mudeli enneaegne tootmisest mahavõtmine ja Citroën C6 ja Peugeot 607 uuendamisest loobumine
Standardisation will enable the PSA Group to remedy its technological backwardness,
Prantsuse ametiasutused leiavad, et kuigi kõnealuste sõidukite müügitulemused olid kõige madalamad, oli neist saadav netomarginaal suurem kui teiste sõidukite müügist saadav marginaal ning eeskätt suurem kui B-segmendi sõidukite müügist saadav marginaal.
lastly, as regards the hybridisation system, the 50CO2Cars project will revolutionise costs because of both the minimal energy sizing (battery and power electronics) and the optimisation of the mechanical architecture (coupling between the electrical machinery and the powertrain).
Ametiasutused nõustuvad sellega, et kõnealuste sõidukite tootmisprogrammi tasuvus ei olnud piisav, kuid selle puudujäägi kompenseerimiseks kavandas PSA rajada partnerlussuhted ettevõtjaga DPCA mudelite C6 ja 607 turustamiseks Hiinas.
Similarly, the standardisation of the hybridisation system will make it possible to increase the volumes produced and thus make it more accessible in segment B;
Prantsuse ametiasutused kinnitavad samuti, et PSA ei ole kunagi kavandanud kõrgklassi mudelite tootmist alates 2009. aastast katkestada.
In this respect, they stress that the two technologies (‘mild-hybrid’ and ‘plug-in’) do not have the same scope or the same commercial impact.
Mudeli Bipper/Nemo tootmise ennetähtaegne lõpetamine ja selle uuendamisest loobumine
While its price would limit the latter [38] to premium vehicles (with a major spin-off in terms of brand image, especially among corporate customers), the accessibility of the former makes it possible to target a wide range of social groups (low- to middle-income) and therefore to satisfy a wider proportion of the Group's customers.
Prantsuse ametiasutused leiavad, et selle meetme võtmine takistab PSA kontsernil saada tulu varasemast investeeringust ja vähendab märkimisväärselt tema konkurentsivõimet väikeste tarbeautode segmendis.
The French authorities stress that these two technologies are not mutually exclusive and that the PSA Group was initially keen to develop both of them in order to combine sales of premium hybrid plug-in vehicles with sales of affordable hybrid vehicles in segments B and C. Discontinuing the hybrid plug-in technology as a compensatory measure is not therefore an ‘about-turn in strategy’ but the discontinuation of a commercially viable activity that does not compromise the Group's return to viability.
Mudeleid Bipper/Nemo toodeti siiani koos partnerettevõtetega Fiat ja Tofaș.
The 50CO2Cars project has a full part to play in the restructuring plan and the French authorities therefore consider that the strategy on hybridisation proposed in the restructuring plan is entirely coherent.
See partnerlus on saavutanud teatava küpsuse ja on andnud PSA kontsernile põhjalikud teadmised turu, turustatava toote ja rakendatud tootmisvõimsuste kohta.
The coherence of the resources implemented for 50CO2Cars with the rest of the restructuring plan
Et komisjon ei ole vastu võtnud otsust, mis oleks muutnud selle kavandatava tasakaalustusmeetme PSA kontserni jaoks siduvaks, andsid kõnealused kogunenud teadmised PSA-le suuremad läbirääkimisvõimalused kõnealuste mudelite (mis oleksid eeldatavalt olnud suurema tasuvusega) teise põlvkonna siirdehinna osas,.
According to the French authorities, adapting the PSA Group's industrial base to implement the 50CO2Cars project is part and parcel of the restructuring plan's approach.
Seda suuremat tasuvust kinnitavad linnatranspordi korralduse hiljutised ja tulevased arengusuunad, mis soosivad kergeid tarbesõidukeid.
Standardising the powertrains and transmissions of the Group's diesel vehicles should in particular make it possible to rationalise and optimise production resources:
Üle kaheliitrise mahuga diiselmootoritega sõidukite tootmise peatamine
in the area of diesel engines, an investment of EUR [100-200]* million has been made at the Trémery and Douvrin plants, i.e. [0-5]* % of the EUR [10-20]* billion of the investment for which the restructuring plan makes provision, a proportion which the French authorities consider to be ‘particularly modest, if not insignificant’.
Prantsuse ametiasutused meenutavad, et see tasakaalustusmeede on eriti olulise tähtsusega, sest PSA kontsern on traditsiooniliste diiselmootoriga sõidukite turul liidrirollis.
This financial impact has also been included in the PSA Group's MTP since November 2012, and is included in the updated version of the document, and the French authorities therefore consider that this investment is part and parcel of the approach taken by the restructuring plan as notified.
Prantsuse ametiasutused rõhutavad, et kõnealused mootorid on olulise tähtsusega D- ja E-segmendis, mis on autotootja kuvandi ja pakkumiskutsetele vastamise jaoks olulised.