natgillin/translations-raw huggingface dataset:
the discontinuation of the development and production of the hybrid plug-in technology.
Z odstopanjem od splošnega načela iz uvodnih izjav 251 in 252 zgoraj lahko družba Faurecia in njene hčerinske družbe opravljajo nakupe ob predhodni odobritvi Komisije, kakor je določeno v uvodni izjavi 253 zgoraj.
By way of ‘compensatory measures’, the Commission will therefore examine only the proposal by the French authorities to establish, from a threshold of [26-29]* %, a mechanism for increasing the cost of the guarantee in line with BPF's penetration rate.
Komisija bo v svoji oceni pozitivno upoštevala nakupe, (i) ki neposredno ali posredno pomagajo ponovno vzpostaviti uspešno poslovanje skupine PSA, saj imajo pozitivni učinek na napovedano donosnost skupine PSA, in (ii) ne skušajo zaobiti obveznosti omejevanja učinkov pomoči na potrebni minimum za doseganje ciljev načrta prestrukturiranja skupine PSA.
MECHANISM FOR INCREASING THE COST OF THE GUARANTEE IN LINE WITH BPF'S PENETRATION RATE
Komisija meni, da je ta ukrep nujen in bo najverjetneje izravnal učinke izkrivljanja konkurence na podlagi dodelitve pomoči.
In the opening decision, the Commission observed that limiting the penetration rate appeared to be an appropriate way of limiting the impact on PSA's vehicle sales of financing support from BPF.
POTREBA PO IZRAVNALNEM UKREPU, POVEZANEM S SKLADOM FMEA
The Commission was doubtful, however, as to the real impact of this measure in the light of its implementation conditions.
Anonimna tretja stran meni, da bi morala PSA prodati svoj delež v skladu FMEA.
PSA was in practice proposing a commitment not to exceed the 2012 H2 rate with a flexibility of + 1, i.e. a maximum rate of 33,4 %, in 2013 in each European country.
Komisija ugotavlja, da so pripombe te tretje strani povezane s pritožbo, ki jo preiskuje Komisija, in niso povezane s predmetom urejanja teh postopkov.
This cap already appeared to include the rise that could be predicted for 2013, as the rate was 29,8 % in 2012.
Zato se v tem sklepu ni treba odzvati na te pripombe.
In 2014 and 2015, moreover, the French authorities were proposing that the penetration rate be aggregated for BPF's G10 perimeter in the previous year, adjusted by the change in the penetration rate of the comparable banks cited by PSA (captive banks of Renault, Ford, BMW, VW and Daimler) while making provision for a ‘threshold’ rate.
POMOČ, OMEJENA NA NAJMANJŠO POTREBNO: REALNI PRISPEVEK BREZ POMOČI
The flexibility that this change would give PSA could lessen the constraining nature and therefore the effectiveness of this measure.
Da bi se odobrila pomoč v skladu s točkami 43 do 45 smernic za reševanje in prestrukturiranje, morata biti količina in intenzivnost pomoči omejeni na najnižjo vsoto stroškov, potrebnih za prestrukturiranje, ob upoštevanju obstoječih finančnih virov podjetja, njegovih delničarjev ali poslovne skupine, v katero podjetje spada.
Questions remained as to the comparable banks proposed by PSA (as matters stood only the penetration rates of the captive banks of Renault and Volkswagen, whereas other producers such as Ford or Fiat were also close competitors).
Zato naj bi prejemniki pomoči znatno prispevati k načrtu prestrukturiranj iz obstoječih lastnih virov, če je treba s prodajo sredstev, ki niso nujno potrebna za nadaljnji obstoj podjetja, ali pa s financiranjem s sposojenim kapitalom pod tržnimi pogoji.
As penetration rates vary greatly among countries, BPF could concentrate its loan capacity in those segments in which it had the largest presence and thus develop an aggressive commercial strategy vis-à-vis its competitors.
Kakor je navedeno v uvodnih izjavah 246 in 247 sklepa o začetku postopka, Komisija ni imela večjih dvomov o merilu združljivosti.
The French authorities replied to the Commission's arguments in their comments on the opening decision (see recital 173).
Stroški prestrukturiranja, kakor je opisano v priglasitvi francoskih organov, znašajo [1,3–1,8]* milijard EUR.
They agreed in particular to broaden the scope of the comparable banks to include the captive banks of Fiat and Ford.
Skupina PSA je za financiranje svojega prestrukturiranja izvajala program prodaje sredstev, ki je skupini prinesla 1956 milijard EUR prostega denarnega pretoka (2050 milijard EUR na ravni neto finančnega položaja).
However, they stood by the principles of the mechanism proposed in the notification.
Tako znesek pomoči znaša 571,9 milijona EUR.
In their view, as regards the level of detail of penetration rates, no manufacturer gives details of its penetration rate by segment.
Komisija meni tudi, da je zahteva po omejitvi pomoči na najnižjo potrebno za prestrukturiranje izpolnjena tudi v zavezi francoskih organov, da se bodo vzdržali nakupov, pod pogoji iz uvodne izjave 251 et seq.
They considered that the mechanism had to be flexible if BPF was to be able to adapt to market trends and did not entail any lessening of the effectiveness and constraining nature of this measure.
Komisija meni, da se lahko s to zavezo skupini PSA prepreči izkoriščanje finančnih sredstev, ki jih ima na voljo, za cilje, ki niso ponovna vzpostavitev dolgoročnega uspešnega poslovanja skupine.
The Commission takes note of the comment by the French authorities as to the potential flexibility introduced by the use of a global penetration rate for the compensatory measure imposed on BPF: as recital 177 above shows, […]* % of the financing granted by BPF concerns segments B and C and the following five countries: France, the United Kingdom, Germany, Spain and Italy.
Komisija zato meni, da ji ni treba pregledati ocene v sklepu o začetku postopka v zvezi z izpolnjevanjem meril iz točk 43 in 45 smernic za reševanje in prestrukturiranje.
In the light of these statistics, the Commission considers that the compensatory measure is unlikely to be ineffective because the use of a global penetration rate allows too much flexibility.
NAČELO ENKRATNE POMOČI
First, the Commission notes that, according to the French authorities, the compensatory measure in relation to the penetration rate is the ‘most targeted measure best able to remedy any distortions of competition resulting directly from the aid in the form of a guarantee to Banque PSA.
V skladu s točko 72 et seq. smernic za reševanje in prestrukturiranje bi morala biti pomoč za prestrukturiranje dodeljena samo enkrat v obdobju desetih let.
Such a measure in practice makes it possible to take appropriate account of the link between the consequences of the grant of the State guarantee on the activity of Banque PSA and vehicle sales’ [53].
Francoski organi so v svoji priglasitvi z dne 12. marca 2013 navedli, da skupina PSA v zadnjih desetih letih ni prejela pomoči za prestrukturiranje.
The Commission also observes that all the manufacturers confirm in their comments that captive banks play a significant role in the financing of vehicle sales.
Načelo enkratne pomoči, ki je zahtevano v smernicah za reševanje in prestrukturiranje, je tako izpolnjeno.
Toyota stresses that a captive bank may improve customer brand loyalty by some 15 % and that the penetration rate is higher in the segments involving smaller models.
SKLEPNE UGOTOVITVE
Fiat considers that manufacturers' captive banks are extremely effective sales and marketing tools.
Ob upoštevanju zavez francoskih organov se lahko pomoč šteje za združljivo z notranjim trgom –
Fiat reiterates Toyota's comments as to their role in customer loyalty and adds that they also play an important role in supporting the sales process in particular by replacing the ‘traditional’ financing institutions which are withdrawing from this kind of loan.
SPREJELA NASLEDNJI SKLEP:
Fiat considers that the public guarantee granted to BPF will therefore have a direct, immediate and extremely negative impact on the PSA Group's competitors.
Člen 1
As the interested parties unanimously agree that captive banks play a central role in the financing of automotive manufacturers' sales and that the grant of the guarantee to BPF will have a particularly adverse direct effect on competition, the Commission considers that the measure to limit BPF's ability to use the public guarantee in order unduly to increase its financing capacity to the detriment of its competitors' captive banks not in receipt of public support is appropriate.
Državna pomoč, ki jo Francija namerava izvajati za skupino PSA Peugeot Citroën SA v obliki državnega jamstva, ki zajema izdaje obveznic banke Banque PSA Finances do 31. decembra 2016 in ima zgornjo mejo v višini 7 milijard EUR (z bruto ekvivalentom nepovratnih sredstev v višini 486 milijonov EUR), ter v obliki vračljivih predplačil v višini 85,9 milijona EUR za izvajanje projekta R in R Avtomobili 50 CO2, tj. v skupnem znesku 571,9 milijona EUR, je združljiva z notranjim trgom.
In the letter of commitments of 23 July 2013, the French authorities undertook to make the changes, described in section 7.2 above, to compensate for the distortion of competition created by the State guarantee to BPF.
Izvajanje te državne pomoči se torej odobri.
In order to limit the distortive effects on competition that the guarantee entails, and in order to provide BPF with a degree of flexibility allowing it react to potential market changes, the proposed commitment takes the form of additional remuneration of the guarantee in line with BPF's penetration rate.
Člen 2
The principle of the commitment is as follows: the remuneration of the guarantee will be increased when BPF exceeds a threshold penetration rate of [26-29]* % in the G10 aggregate.
Ta sklep je naslovljen na Francosko republiko.
The Commission notes that the perimeter of this aggregate (Germany, Austria, Belgium, Italy, Spain, the Netherlands, Portugal, Switzerland, France and the United Kingdom) appears to be the most representative of the European market indicators available [54].
V Bruslju, 29. julija 2013
Moreover, this mechanism seems to be an appropriate way of complying with the principle of compensatory measures (which are intended to minimise any distortion of competition) while ensuring that viability can be restored.
Za Komisijo
By combining an increase in the penetration rate with an increase in the guarantee remuneration, BPF's ability to offer particularly attractive financing terms as a result of the guarantee will be limited to what is needed to ensure its viability, while minimising distortions of competition.
Podpredsednik
The Group will not pay remuneration above what its capital situation allows it to finance, since it will be able to keep the penetration rate at a level corresponding to a certain level of remuneration.
UL C 275, 16.11.2007, str. 18.
The remuneration will increase with the penetration rate up to 491 basis points (estimated market rate).
UL C 137, 16.5.2013, str. 10.
Graph 2 below shows the link between PSA's remuneration of the guarantee and penetration rate (for more detailed figures, see Table 17 in recital 250 above).
Povprečna stopnja prodora na trg v višini 29,8 % zakriva razlike med stopnjami prodora na trg v različnih segmentih.
Graph 2
Stopnja prodora na trg je zlasti višja v segmentih B in C, v katerih v nekaterih državah presega 30 % ali celo 40 %.
Link between the remuneration of the guarantee (in basis points) and the G10 penetration rate (%)
Dejavnosti financiranja nakupa vozil so zato osredotočene v teh segmentih.
Any examination of the impact of this measure has, inter alia, to include the theoretical penetration rate that PSA could achieve without aid (the ‘counterfactual penetration rate’).
Zaupni podatek.
The Commission observes that without the State guarantee, the downgrading of BPF's rating and the reduction of its financing capacity would in turn reduce loan production and reduce automotive sales by [5-20]* % [55].
UL C 244, 1.10.2004, str. 2.
The turnover of PSA's automobile division achieved from financing by the captive bank is therefore, according to the French authorities, EUR [6000-7000]* million without aid and EUR [35000-40000]* million with aid (assuming an estimated fall of some [10-20] % in sales).
Tiskani mediji so 17. oktobra 2012 poročali o državnih načrtih za izvajanje ukrepa.
These figures therefore show that BPF's theoretical penetration rate is some [15-20]* %.
V primerih iz pogojev kreditiranja, ki jih je Francija predložila 7. januarja 2013, je navedeno: „Črpanje je odvisno od tega, ali je francoski parlament odobril načrt o francoski državni podpori (sprejetje načrta v finančnem zakonu).“
In other words, without the State guarantee, BPF's financing capacity would decrease to an extent that would significantly reduce its penetration rate.
Glej seznam upravljavcev, kakor je določen v členu 8 navedenega zakona št. 2010-237 in Odloku št. 2010-442 z dne 3. maja 2010.
Moreover, there would also be a parallel decline in sales volumes, bearing in mind the central role played by captive banks in vehicle sales.
UL C 78, 11.3.2011, str. 33.
According to the French authorities, such a decline would not enable viability to be restored, and would drag PSA into a vicious circle in which its own and BPF's ratings are repeatedly downgraded, thereby generating further losses for the Group.
Uredba Komisije (ES) št. 800/2008 z dne 6. avgusta 2008 o razglasitvi nekaterih vrst pomoči za združljive s skupnim trgom z uporabo členov 87 in 88 Pogodbe (Uredba o splošnih skupinskih izjemah), (UL L 214, 9.8.2008, str. 3).
This counterfactual penetration rate makes it possible indicatively to quantify the lower level to be used to calibrate the compensatory measure.
V zvezi s tem Komisija ugotavlja zlasti, da javno financiranje (negospodarskih) raziskav zunaj raziskovalnih organizacij ne zajema elementa državne pomoči.
This minimum has to be higher than the theoretical rate estimated at [15-20]* %.
UL C 323, 30.12.2006, str. 1.
The lower penetration rate also has to be lower than the current penetration rate ([29-31]* % for the G10 in 2012).
Glej zlasti zadnji odstavek točke 2.1 okvira R&R&I: „Pomoč za raziskave in razvoj ter inovacije za podjetja v težavah v smislu smernic Skupnosti o državni pomoči za reševanje in prestrukturiranje podjetij v težavah [20] je izvzeta iz področja uporabe tega okvira“.
In practice, any compensatory measure is intended to minimise the impact of State aid on the beneficiary firm's competitors.
V smislu opredelitev iz člena 30(1), (2) in (3) uredbe o splošnih skupinskih izjemah (ki se ujemajo z opredelitvami iz člena 2(2)(e), (f) in (g) okvira R&R&I).
The State guarantee is already enabling BPF to maintain its current penetration rate (as is borne out by the counterfactual penetration rate).
Stroški projekta Avtomobili 50 CO2 so bili uvrščeni v kategorije R&R iz člena 31(5) uredbe o splošnih skupinskih izjemah (ki se ujemajo s kategorijami iz točke 5.1.4 okvira R&R&I).
Any compensatory measure taking the form of additional remuneration should therefore already apply to the current penetration rate.
Segmenta D in E vključujeta „družinska“, „cestna“, „enoprostorna“ in „terenska“ vozila, katerih dimenzije so v Evropi povprečno med 4,40 metra in 5 metri.
Thus, taking account of the penetration rate of [29-31]* %, the lower threshold of [15-20]* % described above, the probable upward trends described by the French authorities and the important role that captive bank financing plays in vehicle sales, the commitment to increase the remuneration of the State guarantee from [26-29]* % [56] is considered to be an adequate measure to minimise distortions of competition.
Del tega segmenta so limuzina in karavan Peugeot 508, enoprostorni avtomobil 807, cestno terensko vozilo Peugeot 4007 ter limuzina in karavan Citroën C5, Citroën DS5 in C8, terensko vozilo Citroën C-Crosser in Citroën C6.
Bearing in mind the current penetration rate, the commitment means that BPF will already have to increase the remuneration of the guarantee by some [40-50]* basis points (with the result that the State guarantee will be remunerated at some [300-310]* basis points rather than the 260 basis points set out in the initial Protocol concluded with the State).
Pomnilniška naprava, naprava za dovajanje električne energije in z njim povezana krmilna elektronika ter napetostni pretvornik, ki omogoča dvojno napetostno omrežje.
If BPF wishes to increase this penetration rate, the remuneration will rise to the extent set out in Table 17 in recital 250 above [57].
Zmogljivost „pristana“ je industrijski standard.
If the penetration rate falls, the additional remuneration will also fall [58].
Predvideva dvoizmensko osemurno delo v vsakem obratu, ki traja 235 dni na leto.
The commitment thus entails an immediate increase in the cost of the guarantee for BPF which will increase if PSA increases the proportion of vehicles financed by BPF in its total sales.
Stopnja uporabe pristana pomeni število vozil, ki se dejansko proizvedejo v vsakem obratu v primerjavi z zmogljivostjo pristana.
The Commission therefore considers that this measure makes it possible to compensate for undue distortions of competition within the meaning of points 38 to 40 of the Rescue and Restructuring Guidelines.
Srednjeročni načrt je dokument, ki ga uporablja oddelek za finančno poslovodenje skupine PSA in je namenjen predstavitvi napovedi rezultatov skupine za prihodnja leta.
Lastly, even though the European automotive sector appears to have structural excess capacity, the Commission is of the view that a further reduction of the PSA Group's production capacity is not the most appropriate solution in this particular case:
LCV: lahko gospodarsko vozilo.
as mentioned in recital 49 above, the firm has already made significant structural efforts at its Aulnay and Rennes plants;
To je razmerje, ki se izračuna na podlagi primerjave prodaje vozil, ki se financira iz posojil banke BPF, s skupno prodajo skupine PSA.
as explained in recital 315 above, if further restructuring efforts were necessary in future, it would seem preferable to leave PSA a strategic margin of manoeuvre in the choice of the resources to be implemented to stabilise its economic situation, a further capacity reduction being only one of the potential ways of doing so.
Banka RCI Banque SA je hčerinska družba družbe Renault SAS, ki je njena edina lastnica.
COMMITMENT IN RESPECT OF THE FINANCING MARGIN GRANTED TO DEALERS
Banka RCI Banque financira prodajo blagovnih znamk skupine Renault in skupine Nissan.
The Commission also notes that the French authorities have undertaken that PSA will not decrease the mean annual commercial margin of financing granted to the dealers in its network below the mean annual commercial margin recorded in the twelve months prior to 30 June 2013 for the whole term of implementation of the restructuring plan.
Nemčija, Avstrija, Belgija, Italija, Španija, Nizozemska, Portugalska, Švica, Francija, Združeno kraljestvo.
The Commission considers that this commitment makes it possible not to diminish the constraining effect of the cap on BPF's penetration rate.
Skupna stopnja za G5 vključuje naslednje države: Francijo, Nemčijo, Italijo, Španijo in Združeno kraljestvo.
If the resources made available by the public authorities to preserve the technological competences of the manufacturer in difficulty are to remain proportionate, the Commission considers that it is necessary:
Prodaja neto stroškov v višini 797 milijonov EUR, ki se jim doda posebna dividenda v višini 100 milijonov EUR in od katerih se odšteje 19 milijonov EUR, ki ustrezajo ukinitvi bruto marže samofinanciranja.
for the R&D activities carried out as part of the restructuring plan not to be on a scale that could give rise to a risk of ‘contraction’ as mentioned by the Commission in recital 243 of the opening decision;
Delež navadnega lastniškega temeljnega kapitala je kapitalski količnik, na podlagi katerega se ocenjuje solventnost bank.
if matters improve, for a significant proportion of the public funds made available to the manufacturer to preserve its level of competence at the cutting edge of technology to be repaid to the authority providing the aid if the R&D project is successful and viability is restored.
Lastniški kapital povezuje s sredstvi, ki jih imajo v lasti (tveganju prilagojena sredstva).
On the first point, the Commission has to establish whether, if the 50CO2Cars project is run, the dynamic incentives for other automotive manufacturers to continue their R&D efforts in the hybridisation field will be substantially reduced or cancelled out.
Bonitetna agencija Moody's je zaradi jamstva, ki ga prejema BPF, določila, da ta razlika trenutno znaša tri stopnje.
GM's comments show that, while the amounts of the public funding for the 50CO2Cars project are ‘non-negligible’ for an R&D project to develop a mild hybridisation system, they are not ‘significant’ when compared with the R&D expenditure of the sector as a whole and are not, in any case, enough to ‘prevent a competitor from developing its own R&D programme in this same field’ (see recital 184 above).
Union nationale interprofessionnelle pour l'emploi dans l'industrie et le commerce [Nacionalna profesionalna zveza za zaposlovanje v industriji in trgovini].
Fiat also confirms that the technological advance targeted by the 50CO2Cars project is not a barrier to entry that is likely to deter other manufacturers (see recitals 190 and 232 above).
Caisse d'amortissement de la dette sociale [Sklad za amortizacijo socialnega dolga].
On the basis of these comments by third parties, the Commission can therefore conclude that there is no risk of a contraction effect as a result of the 50CO2Cars project.
Poglavji 1 in 2 Svetovnih gospodarskih napovedi (World Economic Outlook), april 2013.
On the second point, the Commission refers to the compensatory measure proposed by the French authorities in section 7.5 above, under which the grants of EUR 24,5 million initially planned are converted into advances repayable to ADEME, so that if the PSA Group prospers, all the amounts paid by the State so that the R&D activities can be carried out will be repaid to ADEME.
Cilj je zmanjšati emisije CO2 z omejitvijo velikosti motorjev in zagotovitvijo ustreznega kompresorja.
In short, the Commission is of the view that the public support for the 50CO2Cars project under the restructuring plan is not only unlikely to pose a major threat to the incentives to other manufacturers to continue their R&D efforts (no contraction effect) but is also proportionate to the target of restoring the PSA Group's viability in so far as the French authorities have undertaken that, if the Group prospers, all the discounted amounts paid by the public authorities to support the conduct of this R&D project are to be repaid to the authority granting the aid (see recital 256 above).
Sklep Komisije z dne 1. decembra 2004 v zadevi Bull, C-504/03, uvodna izjava 51, Sklep Komisije z dne 18. februarja 2004 v zadevi Bankgesellschaft Berlin AG, C-28/02, uvodna izjava 236, in Sklep Komisije z dne 3. julija 2001 v zadevi Babcock Wilcox Espana SA, C-33/98, uvodna izjava 98.
The Commission notes lastly that the French authorities have undertaken that PSA will refrain from acquiring holdings in other undertakings or from acquiring any business assets throughout the term of its restructuring plan, under the conditions described in recitals 251 et seq., for amounts of more than EUR 100 million per annum.
Skupina VAG je na zadnjem kongresu na Dunaju predstavila svojo hibridno tehnologijo „assembly kit“, s katero je sistem hibridizacije ob minimalnih stroških mogoče prilagoditi različnim oblikam vozil skupine.
By way of derogation from the general principle laid down in recitals 251 and 252 above, Faurecia and its subsidiaries may make acquisitions subject to the Commission's prior approval, as laid down in recital 253 above.
Navedeni vir: Poročilo o predstavitvi skupine VAG na 34. dunajskem simpoziju, 26. april 2013, str. 28.