PSA_GROUP_REGISTRATION_DOCUMENT_2017
ANALYSIS OF THE BUSINESS AND GROUP OPERATING RESULTS IN 2017 AND OUTLOOK Automotive Expertise to deliver useful technologies
PRESERVATION OF OUR CORE 4.5.4.3. COMPETENCIES The R&D jobs and skills strategy aims to focus available resources on the most strategic areas for the business: by subcontracting part of the highly standardised activities to core engineering suppliers (fournisseurs majeurs d’ingénierie – FMI) selected by the Group; via its expertise network established in 2010 which today includes 21 senior experts, 161 experts and 521 specialists who provide the Group with key competencies; via internal reconversions: 1,850 career paths were designed by the Quality and Engineering Department (DQI) as part of the internal reconversion programme called “Top Compétences” since it was launched, enabling employees to focus on and acquire skills that are highly valuable for the Group’s R&D; via targeted recruitments: the number of targeted recruitments in 2017 for DQI is 170 during the applicability period of the “New Momentum for Growth" agreement. As part of the “New Momentum for Growth”, the DQI is fully incorporated within the Group with a view to enhancing employee experience through: the development of home and distance working (1484 home workers and 4694 distance workers at end 2017); establishing collaborative working areas, now commonplace in Vélizy and deployed at the Sochaux/Belchamp and Carrières-sous-Poissy sites. Improving the effectiveness of Groupe PSA’s R&D relies on three key factors: a targeted product and technology strategy and programme-based organisation to maximise the reuse of parts (see paragraph 4.5.1.); the transformation of its R&D and a revolutionary internal performance plan; the sharing of R&D costs under joint arrangements. The transformation of R&D 4.5.4.4.1 and the performance plan R&D has committed to show a performance gain of €1.5 billion between 2014 and 2018, with 5% productivity gains per year. To achieve this, the Quality and Engineering Department is heading a performance plan (called “DRIVE”) recurrent productivity gains of €100 million over five years. In 2017, the DRIVE plan generated savings of €115 million. The major drivers contributing to this achievement are: reductions in costs entailed in the impact of R&D by optimising average subcontracting costs and reducing the number of PERFORMANCE 4.5.4.4.
subcontractors to achieve the break-even defined in Push to Pass; the “Digital Validation Boost” project which is aimed at tipping the balance between digital validations and physical validations in favour of digital, so as to reduce the number of physical resources: elimination of style models (in 2017, 100% of the physical perceived-quality models were eliminated), reduction in the number of pre-series vehicles dedicated to integration and validation testing, designing powertrains without prototypes (in 2017, the new 1.5 BlueHDi and the new manual 6-gear box were launched, having been developed without a prototype); compression of the SOD operational development programme – development plan – by 13% in 2017, thereby accelerating product marketing; narrowing the range of technical diversity; optimisation of floor areas occupied by Groupe PSA R&D (down 26% since 2013 at the end of 2017 with a target of -40% for the end of 2018). Partnerships 4.5.4.4.2 Groupe PSA is developing internationally by curbing its R&D expenses thanks to its network of partnerships for joint developments in terms of technologies and vehicles: the CMP platform and its electrified version eCMP with Dongfeng Motor Corporation; diesel engines with Ford; the e-Mehari with Bolloré to add to our range of electric vehicles; a segment vehicles (Peugeot 108 and Citroën C1) with Toyota; commercial vehicles with Fiat and Toyota. Local partnerships also offer support to Groupe PSA in terms of production and marketing of its vehicles: in Iran under our two Joint Ventures: IKAP (Iran-Khodro/Peugeot in Teheran) and SCCO (SAIPA/Citroën in Kashan); in Malaysia with our partner NAZA; in Vietnam, with the Vietnamese group THACO; in Kazakhstan for the production of vehicles in DKD (301, 3008, 508, Partner) with our partner Kazakh AMH; in Belarus with the partner Belarus PC-AUTO for KD production (301, 3008, 508, Partner, C-Elysée, Citroën Berlingo); in Nigeria for the ongoing production of the Peugeot 301 and the 508; in Ethiopia for the marketing of the Peugeot 301, 208 and 2008 launched at the end of 2016; in Uruguay, with EASA and Nordex for the production of the new Peugeot Expert and Citroën Jumpy since the second half of 2017.
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GROUPE PSA - 2017 REGISTRATION DOCUMENT
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