The latest issue of the Automotive News Europe monthly magazine is ready to view. The new edition examines why light commercial vehicles are pure gold for automakers.
Vans have high profit margins -- up to 10 percent or even more, analysts say, comparable to a well-equipped SUV. Their development costs are lower and less technology-intensive. And the European market for the sector -- forecast to grow by double digits by 2021 -- is relatively stable and predictable.
Our extensive coverage of Europe’s light commercial vehicles business begins with our cover story and includes key sales data. In addition, we share insights gained from speaking with five top LCV executives.
Ashwani Gupta, head of the Renault-Nissan-Mitsubishi alliance’s new cross-company LCV business unit, told us he is working to find synergies through common platforms and technologies.
With the addition of Opel/Vauxhall, Philippe Narbeburu, head of PSA Group’s LCV business, is poised to increase the size of the French-German company’s share of the European vans sector to more than 20 percent.
Ford has a new challenge. Division boss Hans Schep needs to balance rising demand for vans with investment in capacity without becoming too reliant on the subdued UK market.
Eckhard Scholz, who is responsible for roughly a half million global LCV sales as Volkswagen Commercial Vehicles CEO, discussed his plans to launch a battery-powered van.
Volker Mornhinweg, head of Mercedes-Benz Vans, explains why his division still achieved its operating margin target despite big investments to debut the new-generation Sprinter.