Chrysler 2000 Annual Report Download - page 60

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Report on Operations – Commercial Vehicles
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Outside Europe, customers purchased 25,400 Iveco vehicles,
up from 23,400 units in 1999 (+8.5%).
The best improvement took place in Brazil, thanks to better
economic conditions and the successful strengthening of
Iveco’s sales network.
In China, Naveco, a 50-50 joint venture with the Yueijin Group,
manufactured and sold more than 17,500 vehicles, about the
same as in the previous fiscal year.
The Irisbus joint venture shipped more than 9,800 vehicles,
or 12% more than in 1999.
The Sector produced about 458,000 diesel engines. The gain
of 13% over 1999 is a continuation of a strong upward trend
that started in previous years. Sales to customers outside the
Group accounted for 62% of total output. Production of a new
13-liter Cursor engine, which will be used to equip top-of-the-
line Iveco heavy-load vehicles, got underway in 2000.
Among the licensees, Ashok Leyland, which represents Iveco in
India, manufactured and sold a total of 34,500 units, or about
1,700 less than in 1999 owing to a general downturn in the
domestic market. In Turkey, Otoyol, a joint venture of Iveco and the
Koç Group, shipped 8,100 vehicles, for a gain of 40% over 1999.
FINANCIAL AND SERVICE ACTIVITIES
During 2000, Transolver, which handles the Sector’s financing
and leasing activities, continued to expand its presence in the
principal European markets.
Transolver executed financing contracts covering a total of
27,100 new vehicles (about 1,120 million euros in financing)
Commercial Vehicles Market (curb weight ≥3.5 tons)
(in thousands of units) 2000 1999 % change
France 117.0 100.3 16.7
Germany 152.5 149.3 2.1
Great Britain 113.5 105.6 7.5
Italy 94.8 85.0 11.5
Spain 72.4 65.7 10.2
Western Europe 683.8 629.4 8.6
Sales Performance – Commercial Vehicles sold by Country
(curb weight ≥3.5 tons)
(in thousands of units) 2000 1999 % change
France 23.1 20.1 14.9
Germany 18.4 16.9 9.0
Great Britain 13.1 13.7 (4.0)
Italy 45.8 41.5 10.4
Spain 15.8 15.0 5.3
Western Europe 130.9 119.8 9.3
Rest of the world 33.9 30.1 12.6
Total units sold 164.8 149.9 9.9
Joint ventures 42.7 42.1 1.4
Grand total 207.5 192.0 8.1