natgillin/translations-raw huggingface dataset:
The bank financing of EUR 11,6 billion obtained by BPF is proof, moreover, of market confidence that matters will improve.
Nadalje, financijska sredstva u visini od 11,6 milijardi EUR koja je od banaka dobio BPF predstavljaju dokaz povjerenja tržišta u izglede za poboljšanje.
Lastly, the recent securitisation operations undertaken by BPF show that the market is not averse to the risk represented by automotive activity.
Konačno, posljednje sekuritizacije koje je provodio BPF pokazuju da tržište nije nesklono riziku koji nosi automobilska djelatnost.
ON THE LEVELS OF USE OF THE PSA GROUP'S CAPACITY AND THE DIVERSIFICATION OF ITS SALES
O STOPI ISKORIŠTENOSTI KAPACITETA GRUPE PSA I DIVERZIFKACIJI NJEZINE PRODAJE
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.
Francuska tijela smatraju da je neutemeljena sumnja Komisije u pogledu stope iskorištenosti jer ne uzima u obzir zatvaranje tvornice u Aulnayu, što bi, prema njihovu mišljenju, nadomjestilo manjak konkurentnosti grupe PSA u segmentu B. U mjeri u kojoj grupa PSA ima vrlo živu konkurenciju u ovom segmentu, to bi zatvaranje bilo osobito značajno za njezinu ponovnu uspostavu održivosti.
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.
Francuska tijela smatraju da je grupa PSA poduzela sve potrebne mjere da postigne cilj ostvarivanja 50 % svoje prodaje izvan Europe u 2015.: otvaranje treće tvornice i novih koncesija u Kini, obnova palete vozila koja se prodaju u Latinskoj Americi, lansiranje dva modela posebno namijenjena prodaji izvan Europe i konačno, u savezu s GM-om, razvoj zajedničke platforme za stavljanje na tržište vozila segmenta B u Europi i ostatku svijeta, zajednički razvoj nove generacije manjih ekonomičnih benzinskih motora i projekata vozila u Latinskoj Americi, Rusiji i drugim tržištima u usponu.
ON THE ROLE PLAYED BY THE 50CO2CARS PROJECT IN RESTORING THE PSA GROUP'S VIABILITY
O DOPRINOSU PROJEKTA „50CO2CARS” PONOVNOJ USPOSTAVI ODRŽIVOSTI GRUPE PSA
On the coherence of the 50CO2Cars project with the PSA Group restructuring plan
O usklađenosti projekta „50CO2Cars” s planom restrukturiranja grupe PSA
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.
Francuska tijela ističu da su uloženi znatni napori u istraživanje i razvoj u okviru projekta „50CO2Cars” koji su usmjereni na ovladavanje tehnologijom kojom se poboljšava ekološka i energetska ravnoteža dizelskih motora.
This R&D project will therefore help to implement a strategy to reverse the downward trend in sales of diesel vehicles.
U ovom kontekstu taj IR projekt pridonosi provedbi strategije preokreta utvrđenog trenda pada prodaje dizelskih vozila.
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.
Dizelska vozila u ovom trenutku predstavljaju važan izvor prihoda za grupu PSA: 2012. [60–80]* % vozila koja je PSA prodao u Europi imalo je ovaj tip motora.
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 ima optimirani industrijski alat, dobar imidž marke i znatnu stopu profitabilnosti za ovaj tip vozila, bolju nego za benzinske motore.
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.
Sadašnji mu je kontekst, međutim, nepovoljan: postupno slabljenje imidža ovih motora u Europi, promjene zakonskog okvira i normi (Euro 6) što bi moglo dovesti do relativne veće cijene dizelskih motora u odnosu na benzinske i time ne pogodovati dizelskim vozilima, utoliko više što je strategija prilagodbe normama s pomoću provedbe mjere „downsizing” [34] do sada dosegnula svoje granice te što neke države ili lokalne zajednice namjeravaju donijeti porezni okvir koji neće pogodovati dizelskom motoru.
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. 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.
PSA ocjenjuje da će gubitak marže povezan sa zamjenom prodaje dizelskih vozila prodajom benzinskih vozila na europskom tržištu iznositi oko [500–700]* milijuna EUR. U kontekstu pada kupovne moći domaćinstava i rastuće brige potrošača za okoliš prvenstveni je cilj grupe PSA održati konkurentnost i imidž marke dizelskih motora (u odnosu na benzinske).
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.
S obzirom na to da razine cijena hibridnih dizelskih vozila nisu u skladu s masovnom prodajom, bit će potrebna znatna ulaganja u IR kako bi ova tehnologija postala dostupna većem broju ljudi.
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.
Ponovnim uspostavljanjem konkurentnosti i imidža dizelskog goriva, projekt „50CO2Cars” mogao bi, prema francuskim tijelima, pridonijeti ponovnoj uspostavi održivosti tako što će ne samo održati razinu prodaje dizelskih vozila grupe PSA, nego i održati razinu marži proizvođača automobila.
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’.
U pogledu potrebe za ulaganjem, francuska tijela razlikuju predloženo smanjenje ulaganja „kao kompenzacijske mjere”, kojom se nastoji ograničiti opseg narušavanja tržišnog natjecanja povezanoga s državnom potporom, i održavanje ulaganja u istraživanje i razvoj koja su potrebna poduzeću za „dugoročno vraćanje na put održivosti”.
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].
Francuska tijela naglašavaju da je u svojoj praksi odlučivanja Komisija više puta dopustila da neko poduzeće ponovno uspostavi održivost na temelju lansiranja novih proizvoda, kako bi osigurala porast prometa [35].
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.
Francuska tijela objašnjavanju da bi u okviru plana restrukturiranja izostanak državne potpore projektu „50CO2Cars” primorao PSA-a na provedbu „hipotetskog” projekta.
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.
S obzirom na to da grupa nije sama sposobna svladati tehnološke prepreke i bez suradnje u provedbi projekta „50CO2Cars” s partnerima kojima je pristupila, grupa je morala ograničiti ulaganja na minimum kako bi osigurala da njezini dizelski motori zadovolje samo zakonske promjene.
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.
Francuska tijela ističu u vezi s time da se djelovanje javnih vlasti ne bi ograničilo samo na financijsku potporu grupi PSA za dovršetak projekta „50CO2Cars”, nego bi, dapače, omogućilo povezivanje oko nje u zajednicu partnera (industrije, udruženja, laboratorija za istraživanja itd.) čiji bi zajednički napori bili potrebni za otklanjanje tehnoloških prepreka razvoju jeftinih hibridnih dizelskih vozila.
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.
Navode da bi, po svemu sudeći, izostanak odobrenja državne potpore grupi PSA koja je na čelu projekta „50CO2Cars” doveo u pitanje provedbu tog projekta, ne samo u pogledu ove grupe, nego i svih partnera.
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.
Hipotetska strategija zamjene dizelskih vozila benzinskim dovela bi do povećanja cijena te bi se provodila pod cijenu velikog industrijskog rizika: odustajanja od stručnosti u području dizelskih vozila, gubitka prodaje u prijelaznom razdoblju, preuzimanja resursa radi prilagodbe i ponovnog dimenzioniranja proizvodnog sustava grupe za dizelske motore, resursa koji bi uostalom bili potrebni za ponovnu uspostavu održivosti.
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).
Ukratko, francuska tijela smatraju da bi projekt „50CO2Cars” bio potreban i za očuvanje rentabilnosti glavne industrijske djelatnosti grupe PSA (dizelski motori) i za konačnu ponovnu uspostavu održivosti grupe poticanjem rasta nakon restrukturiranja (nova paleta inovativnih i isplativih vozila).
This investment in R&D is therefore fully in line with the targets of the restructuring plan.
Ovo ulaganje u istraživanje i razvoj bilo bi, dakle, savršeno usklađeno s ciljevima plana restrukturiranja.
On the Commission's doubts in its opening decision
O dvojbama Komisije navedenima u odluci o pokretanju postupka
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’.
Iz odluke o pokretanju postupka francuska tijela razumiju da Komisija, polazeći od utvrđenoga navodnog zaostatka grupe PSA u području istraživanja i razvoja, smatra da bi projekt „50CO2Cars” „mogao biti potreban za ponovnu uspostavu održivosti grupe PSA samo ako bi joj omogućio da nadoknadi zaostatak u istraživanjima i razvoju u odnosu na svoje konkurente”.
They contest the very principle of this finding.
Osporavaju samo načelo takve analize.
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.
Prvo, francuska tijela ponavljaju da bi projekt „50CO2Cars” mogao pridonijeti ponovnoj uspostavi održivosti grupe: obnovom okolišnog ugleda dizelskih vozila, novom dinamikom potrošnje (koncept hibridnih vozila dostupan većem broju kupaca), rezervom za rast nakon plana restrukturiranja;
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).
Drugo, strukturni nedostatak u pogledu istraživanja i razvoja, za koji je navedeno u prijavi da može objasniti određene teškoće na koje je naišla grupa PSA, odnosio bi se na zaostatak u standardiziranju sastavnih dijelova, što bi smanjilo učinkovitost istraživačkih i razvojnih napora u odnosu na konkurenciju (razmjerni učinak).
The 50CO2Cars project should make it possible to remedy this situation, in so far as:
Dakle, projekt „50CO2Cars” upravo bi omogućio da se to ispravi ako bi:
first, the 50CO2Cars project will improve the standardisation of some automotive components, in particular the powertrain,
prvo, projekt „50CO2Cars” unaprijedio standardiziranje nekih sastavnih dijelova automobila, a osobito sustav pogona;
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.
drugo, uvjeti provedbe projekta „50CO2Cars”; unaprijedili produktivnost istraživačkih i razvojnih napora grupe PSA, posebno zahvaljujući sinergiji koja proizlazi iz koordinacije rada različitih partnera, ali i praćenjem projekta od strane javnih tijela davatelja pomoći
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.
treće, francuska tijela nadasve predbacuju „pravno inovativan” značaj kriterija koji je navodno koristila Komisija u uvodnoj izjavi 169. odluke o pokretanju postupka, utemeljen na zakašnjenju grupe PSA u području istraživanja i razvoja.
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.
Smatraju da su do sada navedeni argumenti nedovoljni za dokazivanje pozitivnog doprinosa projekta „50CO2Cars” ponovnoj uspostavi održivosti grupe PSA.
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:
Stoga se samo podredno dotiču pitanja o ispunjenju takvog kriterija u slučaju:
Technological backwardness in hybridisation technologies
i. Postojanja tehnološkog zaostatka u pogledu hibridne tehnologije
According to the French authorities, this criterion of backwardness in the R&D field is met for the following three reasons:
Prema francuskim tijelima, taj bi kriterij zaostatka u području istraživanja i razvoja bio ispunjen zbog sljedeća tri razloga:
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:
Isprva navode da se tri glavne tehnološke sastavnice projekta „50CO2Cars” odnose na tehnološka područja u kojima je grupa PSA zakasnila:
in the case of diesel vehicles, the Group is lagging behind in technologies to limit engine consumption.
U pogledu dizelskih motora, zaostatak bi se odnosio na tehnologije ograničavanja potrošnje motora.
This is precisely the field targeted by the 50CO2Cars project,
Dakle, projekt „50CO2Cars” odnosi se upravo na to područje.
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.
U pogledu prijenosa, grupa PSA zakasnila je u prijenosu s dvostrukom spojkom DCT („dual clutch transmissions”), osobito zbog tradicionalne prednosti koja se daje upravljanim ili robotiziranim mjenjačima, poznatima pod nazivom „URM”, iako se ta tehnologija pokazala komercijalno manje uspješnom nego njezini takmaci.
The 50CO2Cars project will therefore make it possible for the Group to catch up as regards both DCT and eDCT transmissions,
Projekt „50CO2Cars” omogućava zato poduzeću da nadoknadi dvostruki zaostatak u području prijenosa DCT i eDCT.
in the case of hybridisation systems, the PSA Group is lagging behind in the development of an affordable hybridisation technology which is generic enough to be mass produced.
U pogledu sustava hibridacije grupa PSA zakasnila je u ovladavanju pristupačnom hibridnom tehnologijom, koja je dovoljno razvijena da bi se masovno proizvodila.
Rival manufacturers such as Toyota, Honda or VAG [36] have (or will soon have access to) generic hybridisation technologies which are therefore better suited to mass production.
Dakle, konkurentski proizvođači automobila, poput Toyote, Honde ili VAG-a [36] imaju (ili će uskoro imati pristup) razvojnim tehnologijama hibridacije te će zato biti bolje prilagođeni masovnom tržištu.
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.
Stoga francuska tijela potvrđuju prethodnu analizu Komisije (navedenu u uvodnoj izjavi 187. odluke o pokretanju postupka), prema kojoj bi sadašnja mikrohibridna tehnologija [37] Stop & Start bila nedostatna za dosezanje „tehnološke granice uštede CO2”, koja bi zahtijevala ovladavanje „umjerenom” i/ili „potpuno hibridnom” tehnologijom.
Consequently, the aim of the 50CO2Cars project is to make up for the Group's technological backwardness in hybridisation systems;
Stoga bi se projektom „50CO2Cars” nastojalo nadoknaditi tehnološki zaostatak u području sustava hibridacije.
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:
Potom, smatraju da bi projekt „50CO2Cars” dao grupi PSA sredstva za nadoknađivanje zaostatka tako što bi otvorio određene tehnološke zasune hibridne tehnologije:
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,
Dizelskim motorima koji se razvijaju kroz projekt „50CO2Cars” postigle bi se emisije CO2 od [50–70]* g/km u segmentu B (motori snage između 40 i 70 kW), čak i kada bi se koristila samo tehnologija Stop & Start, PSA bi mogao do 2017.–2018. imati ponudu dizelskih motora niske potrošnje s razinom emisija koja je usporediva s konkurentskom na europskom tržištu.
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.
Inteligentan prijenos s dvostrukom spojkom eDCT optimirao bi energetsku učinkovitost hibridnoga pogonskog sustava i bio usklađen sa širokom paletom snaga različitih električnih motora.
Standardisation will enable the PSA Group to remedy its technological backwardness,
Standardiziranjem bi grupa PSA mogla nadoknaditi tehnološki zaostatak.
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).
U pogledu posljednjeg sustava hibridacije projekt „50CO2Cars” doveo bi do obustavljanja troškova dvojakim aspektom minimalnoga energetskog dimenzioniranja (baterija i energetska elektronika) i optimiranja mehaničke arhitekture (sprega između električnog motora i pogonskog sustava).
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;
Isto tako, standardiziranjem sustava hibridacije povećao bi se obujam proizvodnje te bi tako postao dostupniji u segmentu B.
lastly, the French authorities address the possible about-turn in strategy consisting in continuing the 50CO2Cars project while discontinuing the hybrid plug-in.
Naposljetku, francuska se tijela dotiču eventualnog strateškog zaokreta kojim se projekt „50CO2Cars” vodi paralelno s napuštanjem hibrida „plug-in”.
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.
Ističu s tim u vezi da obje tehnologije („umjereni hibrid” i „plug-in”) nemaju ni isti doseg ni iste komercijalne posljedice.
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.
Premda bi se zbog cijene druga tehnologija [38] ograničila na „premium” vozila (sa znatnim efektom prelijevanja na imidž marke, osobito među „korporativnim” klijentima, zbog dostupnosti prve tehnologije moglo bi se ciljati na široku lepezu socijalnih kategorija (s malim do srednjim prihodima), i tako zadovoljio veći dio klijentele grupe.
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.
Francuska tijela ističu da se ova dva tehnološka rješenja međusobno ne isključuju te da je grupa PSA prvotno željela raditi na objema, da bi pribrojila prodaju premium hibridnih „plug-in” vozila prodaji pristupačnih hibridnih vozila iz segmenata B i C. Stoga napuštanje hibridne „plug-in” tehnologije kao kompenzacijske mjere ne bi predstavljalo „strateški zaokret”, nego prestanak komercijalno održive djelatnosti koja ne ugrožava ponovnu uspostavu održivosti grupe.