Please take a look at our Automotive Report – January 2020 with main registrations results in Europe and Italy Please note that this issue also includes a Focus on the repercussions that the Coronavirus is beginning to have not only on OEMs production in China but also in Europe and abroad where OEM factories start to shutdown because of supply chain disruption

1. Automotive Report
Analysis of New Car Registrations
January 2020

2. 2
Analysis of New Car Registrations in Europe and Italy
* EU (27 Countries) + EFTA Countries (Iceland, Norway, Switzerland) + UK; ** Δ% January 2020 / January 2019
Executive Summary
◼ Areas: North-East +0,8%, North-West -7,7%, Centre -8,2%, Islands -18,7%, and South -9,6%
in volume in January 2020 compared to January 2019
◼ Customer segments: Retail -13,9%, Fleet +18,3% and Business -4,3% in volume in January
2020YTD compared to January 2019YTD
◼ Brands: among the Top 15 by volume, high increases for Audi +22,1%, BMW +9,0% and Fiat
+5,6% in January 2020YTD compared to January 2019YTD
◼ Premium brands: among the Top 15 by volume BMW +9,0%, Mercedes-Benz -15,3%, and
Audi +22,1% in volume in January 2020YTD compared to January 2019YTD
◼ Top 3 Countries by growth in new registrations: Lithuania +35,1%, Cyprus +14,2% and
Greece +6,2% in volume in January 2020 compared to January 2019
◼ Top 3 Countries by market share: Germany 21,7% (+0,0 p.p.), Italy 13,7% (0,2 p.p.) and UK
13,2% (0,0 p.p.) in January 2020YTD compared to January 2019YTD
◼ Brands: among the Top 15 by volume, high increases for Seat +9,2%,Toyota +8,9% and Audi
+8,5% in January 2020YTD compared to January 2019YTD
◼ Premium brands: BMW +8,4%, Mercedes-Benz -1,4% and Audi +8,5% in volume in January
2020YTD compared to January 2019YTD
Europe*
Italy
-7,4%**
-5,9%**

3. 3
Agenda
1 Europe
1.1 Market Overview
1.2 New Car Registrations by Brand
2 Italy
3 New Car Models Launches in Italy
4 Focus on Coronavirus impact on OEM production in China and abroad

4. 4
Top 10 European Markets* – January 2020 vs January 2019
Europe – Market Overview
Source: ACEA, Arthur D. Little Analysis, Sweden Transport Analysis Agency
EU New Car Registrations
1.135.116
1.226.202
2020 2019
-7,4%
* EU (27 Countries) + EFTA Countries (Iceland, Norway, Switzerland) + UK
##
#°
##
Ranking on January 2020 data
New Car Registrations in January 2020
Δ% January 2020 / January 2019
-5,9
2°
155.528
-9,1
10°
22.959
-14,1
8°
39.471
1°
246.300
-6,1
7°
44.303
-7,3
3°
149.279
-7,6
5°
86.443
-13,4
4°
134.229
-7,3
In January 2020, all Top 10 European markets except Belgium registered decrease. The first month of 2020 was characterized
by weakening global economic conditions and uncertainty caused by the UK's departure from the European Union. Main
contributing factors were represented by major taxation changes announced by some EU member states for 2020 that pulled
registrations forward into December 2019, explaining this January drop. Belgium has performed better than the average of the
last 10 years (766 units sold more vs. January 2019) partially thanks to a very successful 98th Brussels Motor Show.
+1,5
6°
51.840
-3,6
9°
31.206

5. 5
-20
20
10
0
-10
The mid-magnitude overall decline registered in January (-7.4%) is driven mainly by Top 20 European Countries, with
Poland (-14.1%) being the worst performer of the Top10 and France (-13.4%) and Spain (-7.6%) being by far the worst
performers of the 5 European big players (Germany, Italy, UK, France, Spain)
Top 10 European Markets* – January 2020YTD
Source: ACEA, Arthur D. Little Analysis
Europe – Market Overview
Highlights Market Share
# Country
December
2019
∆ Vs 2018
1 Germany 21,7% 0,0%
2 Italy 13,7% 0,2%
3 UK 13,2% 0,0%
4 France 11,8% -0,8%
5 Spain 7,6% 0,0%
6 Belgium 4,6% 0,4%
7 Netherlands 3,9% 0,1%
8 Poland 3,5% -0,3%
9 Ireland 2,7% 0,1%
10 Austria 2,0% 0,0%
-7,3
-5,9
-7,3
-13,4
-7,6
1,5
-6,1
-14,1
-3,6
-9,1
Market Share
∆ % Volume
December 19/18
* EU (27 Countries) + EFTA Countries (Iceland, Norway, Switzerland) + UK
20%
New Car Registrations January 2020 YTD
10%
-25

6. 6
Top 15 – January 2020YTD
Europe – New Car Registrations by Brand
Source: ACEA, Arthur D. Little Analysis
∆ M.S.
19/18
0,01 -0,02 0,01 0,18 0,06 0,17 -0,12 0,06 0,17 -0,21 -0,01 0,06 0,00 0,18 0,08
Vol.'19 133.616 74.297 67.320 66.851 65.020 64.123 62.978 59.581 58.440 51.004 47.592 47.225 41.527 39.856 37.931 1.135.116
M.S.'19 11,8% 6,5% 5,9% 5,9% 5,7% 5,6% 5,5% 5,2% 5,1% 4,5% 4,2% 4,2% 3,7% 3,5% 3,3%
-6,4
-9,2
-6,7
8,9
-1,4
8,4
-18,6
-2,3
8,5
-26,9
-8,0
-2,1
-7,1
9,2
-0,3
-7,4∆ %
19/18
Tot.**
*
* Opel includes Vauxhall New Car Registrations; ** EU (27 Countries) + EFTA Countries (Iceland, Norway, Switzerland) + UK

7. 7
Agenda
1 Europe
2 Italy
2.1 Market Overview
2.2 Market Highlights
2.3 New Car Registrations by Brand
2.4 New Car Registrations by Group
2.5 New Car Registrations by FuelType
3 New Car Models Launches in Italy
4 Focus on Coronavirus impact on OEM production in China and abroad

8. 8
Italian Market –Variation of New Car Registrations 2020 vs 2019
Italy – Market Overview
Source: UNRAE, Arthur D. Little Analysis ∆’19/’18 ∆’20/’19
New year 2020 has started off on the wrong foot for the Italian market that registered a negative sign of new car registration
(-5,9% or 155.528 cars vs. 165.271 in January 2019) mostly related to the drop of the demand of Private and Business distribution
channels (-13.9% and -4.3% respectively).While the Fleet segment grew significantly (+18.3% vs. January 2019) driven by LTR and
STR new car registrations (+18.0% and +28.2% respectively).The decline in January follows the market benefiting from gains
during December 2019. It seems that the main reason for this was down to the pre-registration of vehicles that would impact an
OEMs average carbon dioxide (CO₂) emissions in Europe under the new targets that are being implemented for 2020/21
timeframe.Although part of the reason for the latest decline could be a pull forward, the main reason is likely to be a return to
normality. In January sales of diesel and Gpl cars had a double-digit decline (-23.4% or 16.003 units for diesel and -21.0% or 2.558
units for Gpl).Also petrol cars registrations declined (-3% or 2.209 units). Hybrid cars register stable growth (+82.0% or 7.050
units).The growth trend for electric cars was more than positive (+586.6% or 1.660 units).
January 2020
-7,5%
NovemberJanuary February JuneMarch MayApril July August
6,7%
September October
1,5%
-5,9%
December
-2,4%
-9,6%
2,2%
-1,2% -2,1%
-0,1%
-3,1%
13,4% 12,5%

9. 9
5,6
0,6
-1,9
-4,3
-5,4
-9,8
-11,9
-13,3
-18,4
-18,5
Italian Market – January 2020 vs January 2019
Source: UNRAE, Arthur D. Little Analysis
Italy – Market Overview
2015
2014
Δ% January 2020 / January 2019
155.528
165.271
-5,9%
2018
2019
-7,7
North-West
46.418
Islands
7.599
+0,8
North-East
53.401
-8,2
Centre
32.288
South
15.822
##
aa
##
Region
New Car Registrations in January 2020
Δ% January 2020 / January 2019
Growth of theTop 10
brands by volumes
6-18,7
-9,6

10. 10
Diesel
33,5%
Petrol
46,5%
LPG
6,2%
CNG* 2,6%
EV*
11,3%
Other
20,0%
Italian Market – January 2020YTD vs January 2019YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – Market Highlights
Analysis by “Customer Segment” Analysis by “FuelType”
Analysis by “Geographical Area” Analysis by “Car Segment”
91.507
39.687
24.334
106.291
33.541
25.440
BusinessRetail Fleet
2018
-13,9% 18,3% -4,3%∆'19/'18
46.418
53.401
32.288
15.822
7.599
50.268
52.972
35.183
17.506
9.343
CentreNorth-EastNorth-West South Islands
26.570
155.528
57.726
50.940
17.151 2.618 523
A DB C FE Total
-9,8% -2,7% -6,7% -7,1% -15,8% 48,1%-7,7% 0,8% -8,2% -9,6% -18,7%
2020
2019
∆'19/'18 ∆'19/'18
2020
2019
-23,5
-3,0
∆% Volume January 2020 / January 2019
(YTD)* CNG: Compressed Natural Gas (Methane and Ethanol); EV: Electric Vehicle (Hybrid and Electric)
155.528
165.271
2018
2019
-5,9
+98,0
-21,1
+136,3

11. 11
Italian Market – Distribution channels – January 2020 vs January 2019
Source: UNRAE, Arthur D. Little Analysis
Italy – Market Highlights
∆% Volume January 2020 / January 2019
(YTD)*) Self-registrations related to LTR&STR use made by Dealers and OEMs; **) Including Dealers and OEMs self-registrations not related to LTR & STR
Retail
Private Customers
+18,3%
MS:
25,5%
2020
2,9
19,5
10,8
2019
3,3
33,5
23,0
13,8
39,7
+18,0%
-13,9%
MS:
58,8%
-4,3%
MS:
15,6%+28,8%
-11,9%
7,9 7,4
17,5
2019
16,9
2020
25,4
24,3
-5,9%
91,5
2019
106,3
2020
-13,9%
-3,7%
Private Customers LTR STR Captive LTR&STR* Captive self-registrationsCompanies
◼ Respect January 2019, in 2020, Retail
segment of the Italian market had an
important drop both in terms of car
registrations (14.783 units sold less or -
13.9%) and Market Share (64.3% in January
2019 vs. 58.8% in January 2020)
◼ The growth of the Fleet segment in January
2020 was pulled, first of all, by the growth
of STR segment (+28,8% or 3.037 units
more sold vs. Jan 2019).The growth of LTR
segment was more restrained (+18,0% or
3.502 units more sold vs. Jan 2019)
◼ The decrease of the Business segment
registrations in January 2020 vs. January 2019
was related both to the reduction of Captive
self-registrations (-3,7% or 641 units less
sold) and Company registrations (-5,9% or
465 units less sold)
Fleet
LTR, STR and Captive LTR&STR*
Business
Company registrations**

12. 12
New Car Registrations by Brand – January 2020YTD (1/3)
Italy – New Car Registrations by Brand
Source: UNRAE, Arthur D. Little Analysis
25.842
15.003
9.858 9.106 8.805 7.869 7.419 7.183 6.251 5.987 5.649 5.347 5.004 4.435 4.140
5,6
0,6
-13,3
-18,4
-1,9
-18,5
-9,8 -11,9
-5,4 -4,3
-27,1
9,0
22,1
-0,5
-15,3
Volume
∆Volume
19/18 %
∆ M.S.
19/18 %
Market
Share %
1,81 0,62 -0,54 -0,91 0,23 -0,78 -0,21 -0,31 0,02 0,07 -1,06 0,47 0,74 0,15 -0,30
16,62 9,65 6,34 5,85 5,66 5,06 4,77 4,62 4,02 3,85 3,63 3,44 3,22 2,85 2,66

13. 13
New Car Registrations by Brand – January 2020YTD (2/3)
Italy – New Car Registrations by Brand
Source: UNRAE, Arthur D. Little Analysis
3.679
3.326
2.852 2.625
2.113
1.823 1.798 1.596 1.469 1.228
733 686 624 615 592
3,3
-19,1 -16,0
28,7 31,1
2,1
-27,4
2,6
-13,8
16,7
-2,1 -4,2
121,3
-38,1
192,9
Volume
∆Volume
19/18 %
∆ M.S.
19/18 %
Market
Share %
0,22 -0,35 -0,22 0,46 0,38 0,09 -0,34 0,09 -0,09 0,15 0,02 0,01 0,23 0,27 -0,20
2,37 2,14 1,83 1,69 1,36 1,17 1,16 1,03 0,94 0,79 0,47 0,44 0,40 0,40 0,38

14. 14
New Car Registrations by Brand – January 2020YTD (3/3)
Italy – New Car Registrations by Brand
Source: UNRAE, Arthur D. Little Analysis
371
309 301
180 156 146 137
97 75
32 20 6 5 1 0
44,9 28,8
-15,1
90,2
-36,2 -20,4
50,0 39,1 20,0
-83,2 -89,6
438,9
Volume
∆Volume
19/18 %
∆ M.S.
19/18 %
Market
Share %
0,09 0,05 -0,89 -0,01 0,05 -0,05 -0,01 0,00 0,00 0,00 0,00 0,00 0,00 0,00 0,00
0,24 0,20 0,19 0,12 0,10 0,09 0,09 0,06 0,05 0,02 0,01 0,00 0,00 0,00 0,00

15. 15
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
New Car Registrations by Group –Top 15 – January 2020YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Group
25,8
17,5
15,9
8,4
5,9
5,2
4,9
4,5
2,9
2,1
1,8
1,6
0,9
0,8
0,5
Top 5: 73,4%
Top 10: 92,9%
-18,2%
0,1%
-10,1%
-10,2%
-18,4%
9,2%
1,2%
7,5%
-33,5%
-19,9%
-16,0%
-11,9%
-13,8%
16,7%
-2,1%
40.090
27.147
24.777
13.068
9.106
8.114
7.554
6.943
4.441
3.331
2.852
2.415
1.469
1.228
733
FCA
PSA
Volkswagen
Renault
Ford
Hyundai Kia
Toyota
BMW
Daimler
Nissan
Suzuki
JLR
Volvo
Mazda
Honda
Market Share
(%)
DeltaVolume
'19 vs '18
VolumeGroup Brand

16. 16
New Car Registrations by Fuel Type –Top 10 – Petrol and Diesel
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by FuelType








































DieselPetrol
January 2020 2019YTD
 Ranking variation compared to previous period
12.259
4.836
2.929
2.650
2.379
2.257
1.925
1.898
1.825
1.756
12.259
4.836
2.929
2.650
2.379
2.257
1.925
1.898
1.825
1.756
2.323
2.096
2.041
1.846
1.647
1.502
1.336
1.288
1.231
1.141
500X
COMPASS
RENEGADE
3008
500L
T-ROC
TIGUAN
TIPO
QASHQAI
308
PANDA
YPSILON
C3
CORSA
T-CROSS
POLO
SANDERO
500
208
CLIO
500X
COMPASS
RENEGADE
3008
500L
T-ROC
TIGUAN
TIPO
QASHQAI
308
PANDA
YPSILON
C3
CORSA
T-CROSS
POLO
SANDERO
500
208
CLIO
2.323
2.096
2.041
1.846
1.647
1.502
1.336
1.288
1.231
1.141

17. 17
1.864
1.519
1.353
943
855
602
488
438
385
208
New Car Registrations by Fuel Type –Top 10 – LPG and CNG
Source: UNRAE, Arthur D. Little Analysis




















CNGLPG
January 2020 2019YTD




















Italy – New Car Registrations by FuelType
 Ranking variation compared to previous period
1.078
796
608
331
316
299
188
168
167
63
1.078
796
608
331
316
299
188
168
167
63
PANDA
DUSTER
YPSILON
CLIO
FIESTA
STONIC
PICANTO
SPORTAGE
500
I10
PANDA
DUSTER
YPSILON
CLIO
FIESTA
STONIC
PICANTO
SPORTAGE
500
I10
GOLF
POLO
ARONA
UP!
PANDA
OCTAVIA
IBIZA
A3
LEON
YPSILON
GOLF
POLO
ARONA
UP!
PANDA
OCTAVIA
IBIZA
A3
LEON
YPSILON
1.864
1.519
1.353
943
855
602
488
438
385
208

18. 18
1.699
1.554
1.287
964
945
938
866
636
616
581
New Car Registrations by Fuel Type –Top 10 – Hybrid and Pure Electric
Source: UNRAE, Arthur D. Little Analysis
(*) Mild Hybrid Electric Vehicle (MHEV), Plug-in Hybrid Electric Vehicle (PHEV), Full Hybrid; (**) Battery Electric Vehicle (BEV)




















PureElectric(**)Hybrid(*)
January 2020 2019YTD




















Italy – New Car Registrations by FuelType
 Ranking variation compared to previous period
411
318
215
213
149
112
79
66
65
63
YARIS
PUMA
C-HR
COROLLA
SWIFT
RAV4
EVOQUE
CX-30
IGNIS
500
YARIS
PUMA
C-HR
COROLLA
SWIFT
RAV4
EVOQUE
CX-30
IGNIS
500
ZOE
208
UP!
FORTWO
KONA
GOLF
DS3 CROSSBAC
LEAF
FORFOUR
MODEL 3
ZOE
208
UP!
FORTWO
KONA
GOLF
DS3 CROSSBAC
LEAF
FORFOUR
MODEL 3
1.699
1.554
1.287
964
945
938
866
636
616
581
411
318
215
213
149
112
79
66
65
63

19. 19
New Car Registrations of Hybrid vs Pure ElectricVehicles
Source: UNRAE, Arthur D. Little Analysis
Italy – Focus on ElectricVehicles Market in Italy
187 256 282
1.933
20192017 2018 2020
EV Registrations Trend
Volume, DeltaYoY, EV Market Share January ‘20YTD
Hybrid and Pure ElectricVehicles Trend
Volume January ‘20YTD
Delta
YoY
44,3% 52,0% 18,9% 98,0%
M.S. 2,8% 4,2% 5,3% 11,3%
CAGR
3,2%
3,8%
96,2%
2017
96,6%
3,4%
96,8%
2018 2019
11,0%
89,0%
2020
Electric Hybrid
+118,0%
+49,0%

20. 20
Overview of New Car Registrations by Segment
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
Segments Growth in Market Share* Market Share andVolume**
-0,7%
D
«Executive»
+1,2%
B
«Supermini»
+0,1%
E
«Luxury»
-0,3%
C
«Medium»
-0,2%
F
«Ultra Luxury»
D
32,8%
11,0%
17,1%
50.940
A
37,1%
C
17.151
B
1,7%E
100,0%
0,3%F
Tot.
26.570
57.726
2.618
523
155.528
A
«Utility/City»
* Δ% January 2020 YTD / January 2019 YTD; ** Market Share and Volume January 2020 YTD
-0,1%

21. 21
Segment A and Segment B –Top 10 – January 2020YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
A
“Utility/City”
B
“Supermini”
14.454
2.864
1.725 1.239 1.104 1.094 1.072 731 645 535
PANDA C1AYGO500 I10PICANTO UP! IGNIS TWINGO 108
6.252
3.585 3.583 3.437 3.343 3.147
2.843 2.805 2.770 2.754
CORSA CROSSLANDXCLIOYPSILON POLO T-CROSSC3 208SANDERO 500L
∆ Vol. %
19/18 YTD
∆ Vol. %
19/18 YTD
While Segment A has registered a decrease in
market shares, Segment B had increased slightly
(-0,7p.p. and +1,2 p.p. vs January 2019YTD). In
January 2020, Segment A, surprisingly, has
interrupted a trend of constant growth registered
during 2019 (-9,8% vs January19YTD)
-1,3% 31,2% 26,6% 10,2% 33,2% -37,9% 76,0% -16,2% 14,4% -23,1%
-5,4% -5,9% -5,3% -18,6% 35,7% n.d. 41,9% -13,2% -17,3% 77,2%

22. 22
Segment C and Segment D –Top 10 – January 2020YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
C
“Medium”
D
“Executive”
3.580
3.273
2.909
2.628 2.532 2.421 2.416 2.307
1.935 1.928
ECOSPORTT-ROC500X DUSTER GOLF3008RENEGADE COMPASS QASHQAI TIPO
1.974
1.066 1.023 938 913
783 767
608 536 531
STELVIORAV4TIGUAN Q3 X1 EVOQUE A4SERIE 3 X3 OCTAVIA
∆ Vol. %
19/18 YTD
∆ Vol. %
19/18 YTD
4,9% 10,4% 16,1% -33,2% -15,1% -41,6% -8,3% -9,9% -13,3% 14,0%
6,6% 110,3% -11,3% 73,7% 66,9% -21,4% 143,5% 46,2% -26,3% -2,4%
Medium and Executive Segments continue to be the
worst performers registering another consecutive
drop (respectively -6,7% and -7,1% compared to
January 2019).As a result, their market share
decreased respectively by -0,3 p.p. and -0,1 p.p. on a
YTD basis

23. 23
Segment E and Segment F –Top 10 – January 2020YTD
Source: UNRAE, Arthur D. Little Analysis
Italy – New Car Registrations by Segment
E
“Luxury”
F
“Ultra Luxury”
170
45
32 31 27 21 20 20 19 17
PANAMERA488 SERIE 8911 GHIBLI SERIE 7PORTOFINO GT
COUPE 4
URUS MODEL S
∆ Vol. %
19/18 YTD
∆ Vol. %
19/18 YTD
451,9% -9,2% -49,5% 3466,7% 25,6% -28,6% -36,5% -29,9% -54,0% 119,1%
1114,3% -19,6% 45,5% 158,3% 58,8% -25,0% -16,7% -20,0% 35,7% 183,3%
298
265 260
214 206 200
158 155
131
103
A6GLE RANGE
ROVER
SPORT
CAYENNE Q8SERIE 5X5 F-PACE CLASSE E X6
Compared to the same period in 2019 Segment E
had a decrease of its sales (490 units less sold or -
15,8% vs. January 2019).While Segment F,
surprisingly, has registered an important increase
(+48,1% or 170 units sold more vs. January 2019).
Segment F declined in terms of market shares (-0,2
p.p) while Segment F increased its MS (+0,1p.p)

24. 24
Agenda
1 Europe
2 Italy
3 New Car Models Launches in Italy
4 Focus on Coronavirus impact on OEM production in China and abroad

25. 25
New Models Launch per Brand – Roadmap 2020 (1/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
A
B
C
D
F
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
(P)
E-TronA3
Tonale
C5 Aircross
X6
Serie 2 Active
Tourer
Q5Q4 e-Tron
M 3 X5 M Serie 4 Coupè
C4
RomaSF 90 812 GTS
Panda Mild
Hybrid
Giulia Plug-in Stelvio Plug-In
A5
iX3
DS 9
F8 Spider
500 Full Electric500 Mild Hybrid
Sandero

26. 26
New Models Launch per Brand – Roadmap 2020 (2/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
F
G
H
I
J
K
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
(P)
Kuga
XCeed
Wrangler
Grand CherokeeRenegadeCompass
Mustang
Mach-E
Explorer
Plug-In
i 10
Jazz Hybrid e
F Type XJ Electric
e-Soul

27. 27
New Models Launch per Brand – Roadmap 2020 (3/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
L
M
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
(P)
Road Rover
GLA
MX-30
E-Class S-ClassGLS
2 Hybrid
Ghibli
Mini Full Electric
UX 300e
Ypsilon Mild
Hybrid
Urus Plug-In

28. 28
Source: Quattroruote; Arthur D. Little Analysis
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
New Models Launch per Brand – Roadmap 2020 (4/5)
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
M
N
O
P
R
S
(P)
Zoe
El Born
Mokka X
508 Plug-In
3008 Plug-In
InsigniaCorsa-e
Spacestar
ASX
Clio E-Tech
Captur E-tech
Leon
Cupra
Formentor
Octavia

29. 29
Commercial Launch of New Model
Facelift / Technical Update
Premiere
Launch Concluded
Launch Postponed
Launch Anticipated
New Models Launch per Brand – Roadmap 2020 (5/5)
Source: Quattroruote; Arthur D. Little Analysis
New Car Models Launches in Italy
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
S
T
V
(P)
Model Y
ID.3
1) EQ fortwo
2) EQ forfour
Yaris
XV Hybrid
Vitara Hybrid
S-Cross Hybrid
MiraiRav 4 Plug-In
ID.4
XC 40 Recharge

30. 30
Agenda
1 Europe
2 Italy
3 New Car Models Launches in Italy
4 Focus on Coronavirus impact on OEM production in China and abroad

31. 31
Coronavirus outbreak is causing disruption in China with knock-on
impacts on economic activity, including automotive, in China and beyond
Focus on Coronavirus impact on OEM production in China and abroad
Source: Arthur D. Little analysis on IHS estimations and other available data; *) Source: China Automobile Dealers Association
◼ As of today, light vehicle production disruption widespread
caused by Coronavirus outbreak affects more than 20
provinces, plus some additional OEM voluntary actions
◼ To control effectively the nationwide spread of Coronavirus
Chinese government extended the Lunar NewYear
holidays up to February 3rd
◼ Still some local regional governments with an elevated risk of
epidemic transmission have postponed furtherly the return
to work (from February 10th up to February 21st for the Hubei
region)
◼ Meanwhile, some automakers and suppliers issued an individual
revised start dates gaining clearance to restart production amid
the outbreak as far as the disruption has a “domino effect” on
Supply chain not only in China but also abroad
◼ Still the re-start of OEMs manufacturing is expected to be slow
owing to supply shortages, employee health concerns,
transport & logistics bottlenecks and much-reduced dealer
showroom traffic (only 19% of dealers had resumed operations
by February 10th)*
Key facts (updated on February 20th, 2020)
China Coronavirus Factory Re-openings by Province
According to the estimations made on February 4th, 80% of the
OEMs manufacturing by volume in China was off-line
February 10, 2020
February 3, 2020
February 15, 2020
February 17, 2020
February 21, 2020
To be notified
Enterprises adopt
flexible working
mechanism by themselves
Xinjiang
Tibet
Qinghai
Gansu Inner Mongolia
Heilongjiang
Jiling
Liaoning
Tianjin
Beijing
Hebei
ShandongShanxi
Henan
Anhui
Jiangsu
Shanghai
Zhejang
Fujian
Guangdong
Hong Kong
Macau
Hainan
Guangxi
Yunnan
Guizhou
JiangxiHunan
Hubei
Shaanxi
Sichuan
Ningxia
Shihezi
Whenzhou
Xi’an
Chongqing

32. 32
All major OEMs production operations in China are expected to have
losses: it will contribute to a global vehicle output drop in 2020
Focus on Coronavirus impact on OEM production in China and abroad
Source: Arthur D. Little analysis on IHS estimations and other available data; *) Published on 14 February
Estimated Q1 production losses by OEM in China
-120
-140
-100
-80
0
-40
-60
-20
Dongfeng
-26,9
Ford
-63,2
SAIC-
GeneralMotors-
Wuling
Volkswagen
-65,7
GeneralMotors
-22,6
Toyota
Honda
GreatWall
Geely
Renault-Nissan-
Mitsubishi
SAIC
Changan
BYD
-23,9
BAIC
Chery
Hyundai
-50,2
BMW
Guangzhou
Auto
Daimler
-15,8
-134,8
-73,8
-58,1
-48,7 -46,8 -45,7 -42,4
-27,0 -23,7 -23,7 -19,7 -16,6
◼ According to IHS Markit's forecast update*, light-vehicle production in Greater China is forecast to have a drop estimated from -
4.5% up to – 8.2% FY in 2020 (from 904.000 up to 2.203.000 units Q1 total loss).This decline in the world's largest vehicle market
will contribute in part to a 1.9% FY drop in global vehicle output in 2020 in the best scenario
Units losses, k
Although VW has no direct exposure to Hubei, it is still looking at a production volume loss of up to 135.000 units during the
first quarter as a result of its broad footprint over other affected provinces, especially Jiangsu, Jilin, and Shanghai. Major vehicle
manufacturers such as Dongfeng, General Motors (GM), and Honda run production plants in Hubei province. In Guangdong, the
impact of the outbreak on operations is being felt by Honda, Renault-Nissan-Mitsubishi, Toyota, and VW.

33. 33
◼ On the worldwide level, in order to avoid supply chain disruption, OEMs are looking for alternative suppliers (e.g. source from same supplier in
other city/region, source from different supplier in other city/region, introduce a new supplier to replace a Hubei-based one) in order to mitigate the
impact of disrupted supply from China
◼ Still, logistical challenges remain enormous in several provinces. Cross-province transport still requires special permits and regulations vary from
province to province. Some suppliers are faced with substantial shipping cost increases if they have to choose air express services.
The supply chain disruption has already affected an increasing number of
OEMs outside China that are looking for alternatives or shutdown plants
Focus on Coronavirus impact on OEM production in China and abroad
Source: Arthur D. Little analysis on IHS estimations and other available data
Supplier plant shutdowns
in China
OEM plant shutdowns outside of China due to
component shortage
Supplier
Plant
Location
Production
Start Date*
Component OEMs
Webasto Wuhan Feb.24(TBC)
Sunroof, Electric heater for
NEVs
VW
Garrett
(Honeywell)
Wuhan Feb.24(TBC) Turbocharger GM
ZF TRW Wuhan Feb. 20th (TBC) Electric power steering system Renault-Nissan
CBI Suzhou Feb.10 Foundation brakes, EPB PSA
Faurecia Guangzhou Feb.11 Frame FCA, Nissan
CATL Ningde Feb.10 (partial) Battery BMW, VW
Marelli Guangzhou Feb.10 Infotainment, Telematics PSA, FCA
Hella Shanghai Feb.10 Radar VW
Not exhaustive Not exhaustive
FCA has stopped production of the 500L at Kragujevac due to a
disruption in component supplies from China caused by the
coronavirus outbreak
17
Feb
2020
Hyundai Motor has stopped production of the Genesis brand at
plant in Ulsan, South Korea shifting some production to suppliers in
south east Asia, expect to resume production on Feb 17th
4
Feb
2020
Virus havoc could shut down a Nissan factory half a world away:
the Japanese OEM procures more than 800 parts from factories in
the outbreak epicenter of Hubei
19
Feb
2020
Renault shut down a factory in Busan, South Korea, on Tuesday
because of supply chain problems
14
Feb
2020
◼ As of today, several OEM plant shutdown outside of China due to component shortage. Japan and South Korea most
affected outside of China. But disruptions caused by the outbreak are becoming always more visible also in Europe.

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