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Auto Industry Cyclicality: Difference between revisions
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* '''€6.2 billion of funds were released from working capital, mainly because of the pronounced reduction in stockpiled inventories and lower receivables'''; in the previous year, the division had reported funds tied up in working capital of €2.1 billion. As a result, cash flows from operating activities rose sharply, by 45.6% to €12.8 billion. | * '''€6.2 billion of funds were released from working capital, mainly because of the pronounced reduction in stockpiled inventories and lower receivables'''; in the previous year, the division had reported funds tied up in working capital of €2.1 billion. As a result, cash flows from operating activities rose sharply, by 45.6% to €12.8 billion. | ||
* '''At €5.8 billion, investments in property, plant and equipment in the Automotive Division were 14.6% lower year-on-year in fiscal year 2009.''' The ratio of investments in property, plant and equipment to sales revenue (capex) was in line with our expectations at 6.2% (6.6%). '''At €1.9 billion, capitalized development costs were lower than in the previous year (-12.1%) ''' | * '''At €5.8 billion, investments in property, plant and equipment in the Automotive Division were 14.6% lower year-on-year in fiscal year 2009.''' The ratio of investments in property, plant and equipment to sales revenue (capex) was in line with our expectations at 6.2% (6.6%). '''At €1.9 billion, capitalized development costs were lower than in the previous year (-12.1%) ''' | ||
'''By Geography''' | |||
Deliveries to customers worldwide amounted to 6,336,222 vehicles in fiscal year 2009, which was 1.3% over the previous year’s figure. | Deliveries to customers worldwide amounted to 6,336,222 vehicles in fiscal year 2009, which was 1.3% over the previous year’s figure. | ||