ABSTRACT
L'industrie automobile est dans une tourmente, conjoncturelle, tout d'abord, avec un marché profondément affecté par le Covid, des pénuries de matériaux et composants et des clients désorientés ;structurelle, ensuite, avec la transition â marche forcée vers l'électrification. Cette double crise est a haut risque pour l'industrie automobile, mais l'alignement de l'action de l'ensemble des parties prenantes devrait permettre â la filiere française de rester dans la course pour l'automobile du futur.
ABSTRACT
L'industrie automobile est a la croisée des chemins, car elle est soumise a une conjonction d'externalités d'une ampleur et d'une intensité rarement vues : absorption de toutes les crises récentes, celles du Covid et des semi-conducteurs, mais aussi celle de la hausse des prix de l'énergie. C'est celui de parvenir å intégrer ces techniques afin de parvenir a réinventer l'automobile de demain, une automobile connectée, robotisée et traitant automatiquement de grands volumes de données afin de progresser en intelligence, et de mettre celle-ci au service de l'humain, pour un usage réinventé de l'automobile et pour instaurer un systéme de mobilité plus durable. Il appelle ainsi a mieux cibler l'accompagnement des fournisseurs pour faire émerger une nouvelle génération d'ETI et aussi l'apparition de grands équipementiers leaders dans le monde de l'électrique, de l'hydrogene et, plus globalement, de l'automobile de demain. Il demande aussi que l'Europe se donne du temps pour s'adapter a la transition en protégeant temporairement, a l'instar des États-Unis, son marché intérieur.
ABSTRACT
[...]the vehicle of the future must be considered within the broader framework of the mobility of the future, taking into account the entire value chain. Transforming our future into a sustainable future: planning for the automotive transition Didier Sepulchre de Condé, Mechanical industry The automotive industry is in turmoil, firstly because of the economic situation, with a market deeply affected by Covid, shortages of materials and components and disoriented customers;and secondly because of the structural situation, with the forced transition to electrification. The four paradoxes of the ecological transition of the European car industry Alois Kirchner, Former Director of Cabinet of the Minister for Industry The energy transition in the automotive sector is essential for achieving French and European climate objectives. [...]the actions implemented come up against four paradoxes, which must be overcome if this transition is to succeed: * the regulation on the reduction of CO2 emissions from the tank to the wheel, to the exclusion of other sources which now represent the majority of emissions from new vehicles;* the steering of vehicle traffic restrictions based on Crit'air stickers, leading to the prohibition of access to certain cities for vehicles that are more virtuous than others that are still allowed to enter;* the inability to implement policies to support the production of vehicles on European soil that are sufficiently powerful to halt the fall in associated jobs;a situation that benefits production sites that are not subject to the same environmental standards;* and the rising price of "green" vehicles, leading to a slowdown in the renewal of the fleet and the maintenance of a high level of pollution and carbon emissions.
ABSTRACT
This research aimed to investigate the spatial autocorrelation and heterogeneity throughout Bangladesh's 64 districts. Moran I and Geary C are used to measure spatial autocorrelation. Different conventional models, such as Poisson-Gamma and Poisson-Lognormal, and spatial models, such as Conditional Autoregressive (CAR) Model, Convolution Model, and modified CAR Model, have been employed to detect the spatial heterogeneity. Bayesian hierarchical methods via Gibbs sampling are used to implement these models. The best model is selected using the Deviance Information Criterion. Results revealed Dhaka has the highest relative risk due to the city's high population density and growth rate. This study identifies which district has the highest relative risk and which districts adjacent to that district also have a high risk, which allows for the appropriate actions to be taken by the government agencies and communities to mitigate the risk effect. © 2023, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
ABSTRACT
The paper examines the interactions of downside risks between crude oil and the automobile sector through the employment of Diebold and Yilmaz (2012) and Diebold and Yılmaz (2014) framework in a static and time-varying perspective. The network connectedness is found to intensify during the periods of the Global Financial Crisis (2007-09) and the COVID-19 pandemic (2020-21). Crude oil remains a net receiver of downside risks along with the automobile firms such as FAW and SAIC while Daimler, BMW, and Renault are the prominent transmitters of downside risk in the network. Further, we find that the net pairwise spillover of downside risk of oil on automobile stocks is time-variant. The risk diversification strategies using optimal portfolios that minimise VaR95, CVaR95, and maximise quadratic utility gains are constructed with oil futures contracts and evaluated for their hedging efficiency and net utility gains. The overall hedging efficiency and net utility gains are highest during the Global Financial crisis period, followed by COVID-19, the post-crisis, and the pre-crisis periods. The findings hold significance for investors, fund managers, and policymakers.