Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 344

Posts Tagged ‘christian stadler’

Expert comment: Why is Shell looking to exit up to 10 countries after BG deal

Posted by fidest press agency su mercoledì, 8 giugno 2016

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Christian Stadler, a Professor of Strategy at who has extensively researched Shell as well as writing a book entitled Enduring Success featuring the firm, has made the following statement:”Shell has typically been very de-centralised in the past in comparison to say ExxonMobil, giving each country a lot of autonomy. An advantage of this is it was able to establish strong local relationships in a large number of countries.”Of course a disadvantage of this, however, is it is quite costly in comparison to the centralisation of Exxon. With it also being less efficient, it isn’t surprising that cost saving factors have led them to revisit this strategy following the BG merger.”I would expect when it revisits its country portfolio it will close countries less important to its strategy overall.”In the oil industry there are many quirks and peculiarities when it comes to running a business. It is very possible to have a well drilled, but the whole process slowed down by permits and other forms of bureaucracy. So a rig can be established, but sat doing nothing and in essence wasting millions. Issues can vary from regulatory, political and even cultural differences.“A less active profile in some countries, therefore, can only be a good thing. Shell focusing on where it is more established and more confident about therefore makes sense from a cost-cutting perspective.”The sensible thing would be to cut down areas of smaller production or greater expense. Having said that some activities, such as the Gulf of Mexico are high risk, high reward for Shell. So it needs to focus on where its expertise lies, such as offshore and now LNG following the BG merger.”In terms of internationalisation generally, the common wisdom is that diversification is more difficult and internationalisation easier, but this is not the reality, lots of big ‘global’ companies have struggled with this. Just take the example of HSBC in the banking sector, it is seen as a global business, but has still been cutting down costs itself. Internationalisation shouldn’t be seen as a default for everyone. “The volatility of the oil market is no doubt another reason for Shell to be looking to change its strategy in this way, with no immediate signs of recovery.”

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Expert comment on Volkswagen’s pre-tax profits falling 20 per cent

Posted by fidest press agency su giovedì, 2 giugno 2016

Christian Stadler, of Warwick Business School, is a Professor of Strategic Management and researched Volkswagen for his book Enduring Success.Professor Christian Stadler said: “Volkswagen’s sales and profits being down was to be expected, but the real story is that the company still makes profits. After the emissions scandal many observers expected Volkswagen would struggle to survive.
“Under the circumstances a 3.2 billion euros profit is not bad. Although rivals Toyota reported substantially higher profits of 4.5 billion euros that was aided by a weak yen. But General Motors, the other company competing for the ‘largest car company spot’, had lower profits than Volkswagen.”What becomes more and more obvious is that the emissions scandal is costly, but far from life threatening for Volkswagen. As the first court cases are starting to be settled the true cost is also starting to emerge. A first deal reached in the US in April is estimated to have cost Volkswagen around $10 billion. This is obviously not the end but Volkswagen will manage these payments.”It is also becoming obvious that potential Volkswagen customers don’t care about the environmental issues that much. What they care about is quality and value for money. As long as Volkswagen is handling the settlements well, it is unlikely to have a long-term effect on the company. “The one remaining big question is whether the regulators will introduce changes that will undermine Volkswagen’s product structure. If diesel cars are no longer a good deal in Europe – ie they are no longer regulated in a way that gives them an advantage compared to petrol powered cars – then the company needs to worry.”

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Expert comment on Norway’s sovereign wealth fund planning legal action against Volkswagen

Posted by fidest press agency su mercoledì, 18 Mag 2016

Christian Stadler, of Warwick Business School, is a Professor of Strategic Management and researched volkswagen for his book Enduring Success. If you are looking for expert comment on Norway’s sovereign wealth fund planning legal action against Volkswagen Christian Stadler, of Warwick Business School, is a Professor of Strategic Management and is an expert on Volkswagen and studied strategies that work in the long term for his book Enduring Success.Professor Christian Stadler said: “This is a significant move by Norway’s sovereign wealth fund and is part of its wider strategy for its investments to be much more ethically and environmentally conscious, but it is also part political as it continues its campaign for minority shareholders to be given more of a say in German corporate governance.”The Norwegian fund not only wants to do good and take a moral stance, as the Norwegian people want it, but it also sees ethical investments as a sound financial decision in the long-term. It has a longer time horizon than most funds of 30 year and feels environmental, ethical and humanitarian risks are not factored into share prices, with the Volkswagen emissions scandal being a prime example. It feels there could be regulatory changes in the future and companies should be ethical to reduce such risks. “It has had disputes with Volkswagen for many years over its governance, as the Porsche familiy are effectively able to do what they want, as the largest shareholder, they really only have to consider the State of Lower Saxony, which has a 20 per cent holding, and is where the company is headquartered. In Germany minority shareholders don’t have much of a voice, which is something the fund has campaigned against before as four per cent of its equity is in Germany.”This is more bad PR for Volkswagen and will put more pressure on it to handle the emissions scandal better and put in strong policies and procedures to stop it happening again. It will not divest in Volkswagen, but wants to working towards changing its corporate governance structure.”

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Expert comment on Toyota’s annual results

Posted by fidest press agency su giovedì, 12 Mag 2016

toyotaChristian Stadler, of Warwick Business School, is a Professor of Strategic Management and researches the car industry.Professor Christian Stadler said: “The record profit is something that, in the main, Toyota owes to the strong dollar rather than having done anything amazing, so with the expectation that the dollar will weaken results are likely to drop dramatically next year.
“In the US sales were in line with industry-wide growth; Toyota’s sales rose by 3.8 per cent in April compared to March, while the industry rose 3.6 per cent – slightly better but not substantially.”Toyota has always had activities other than cars throughout its history; it has had subsidiaries in fork lift trucks, real estate and steel. They are all small in size compared to its car manufacturing. They are interesting side shows and this is my expectation for its robotics investment.”I can’t see how it will have a substantial impact on revenues and profits of such a large organisation. The only way to do that would be through acquisitions, but it is still an emerging industry, and diversifying further would come with substantial risks.”Daimler tried to diversify in the 1980s, moving into consulting, acquiring electronics firm AG and moving into defence. That turned out to be a very bad exercise and they lost lots of money; diversifying too fast and too radically comes with a big risk. “Robotics is an emerging area, with a lot of buzz around it, so Toyota may want to communicate they are innovative, but I would be cautious of moving much further away from its core business.”

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Expert comment on Volkswagen reportedly buying back diesel cars in the US

Posted by fidest press agency su venerdì, 22 aprile 2016

volkswagenExpert comment on Volkswagen reportedly buying back diesel cars in the US. Christian Stadler, of Warwick Business School, is Professor of Strategic Management and has researched Volkswagen. Professor Christian Stadler said: “What is still uncertain is whether this also resolves issues Volkswagen has with the US Justice Department. There is a pending civil suit and an on-going criminal investigation. If this deal manages to also resolve these issues it is really great for Volkswagen. “From the perspective of the car owners it sounds like a decent deal. They will be able to sell back the car or get the issue fixed. On top of this they will receive some compensation. It remains to be seen how much this is but I presume that even a modest sum will be welcome.”

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Expert comment: Mitsubishi Motors admits falsifying fuel economy tests

Posted by fidest press agency su giovedì, 21 aprile 2016

Expert comment on the news Mitsubishi Motors has admitted to falsifying fuel economy tests. Christian Stadler, a Professor of Strategic Management at Warwick_Business_School_Scarman_road_view with expert knowledge on the automotive sector, has made the following statement:”After Volkswagen Group and its ‘dieselgate’ scandal it is not surprising another automotive firm has been caught out and admitted to manipulating emission test results. It was almost expected and almost comes down to how much can you get away with before you take a step too far. With companies constantly making tweaks and optimisations to get around these tests, there was always the chance that they would eventually cross the line and get caught out.”Where Mitsubishi has an advantage is that this may not quite have the same traction as the VW scandal as we’ve now been exposed to the issue already. They can also learn what went well or what went wrong in how VW handled the situation and know that the best course of action is to fully co-operate and not to hide anything as that would only bring further attention that is obviously not wanted.”

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VW sales figures do not reflect the doom and gloom predicted

Posted by fidest press agency su sabato, 16 aprile 2016

Christian Stadlercomment on the news the Volkswagen Europe quarterly market share has hit a five-year low. Christian Stadler is a Professor of Strategic Management at Warwick_Business_School_Scarman_road_viewwho has researched the car industry, has made the following statement.
Professor Christian Stadler said: “While the numbers are down, it is actually a far cry from what one would have expected. Of course, that the VW brand has been hit more than others is no surprise, but, considering the furore of ‘dieselgate’ we have definitely not witnessed the demise of the Volkswagen Group that some expected.”There has been a downturn, but it is not a massive one. In fact, as past history of scandals has shown, people are often quick to move on and forget.”What I would say is the numbers do reflect a bigger concern for Volkswagen over its product mix, for example, it does not have new products in the SUV section. This is a bigger problem in China and far more worrying than ‘dieselgate’. Volkswagen has been outpaced by Toyota. Over in China it does not really have a cheap mid-range SUV that the market is after. This is a problem it has been aware of for years, but when challenged about it, things always seem to be another year away.”Volkswagen really need to get this right moving forward as this is perhaps a much bigger issue than the decline in European sales.”

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Expert comment on Volkswagen considering an IPO for its trucks division

Posted by fidest press agency su lunedì, 8 febbraio 2016

Christian Stadler, Professor of Strategic Management and has researched Volkswagen, comments on Volkswagen considering an IPO for its trucks division.Professor Christian Stadler said: “This is an interesting decision for Volkswagen as keeping hold of the truck business might help it smooth out what is a tough period on the car front following the emissions scandal. But from the perspective of the truck division it will probably find it hard to get any extra capital to grow because the group’s focus is on the emissions scandal, even though this is a good period to for the truck division to grow. The truck market is going through a difficult period, so acquisitions would be cheaper. “Volkswagen is too busy dealing with the emissions scandal so by the truck division going independent it might bring in the capital it requires. There is a big growth opportunity for its brands – MAN and Scania – in the US where they have very little presence, particularly when compared to its rivals Daimler and Volvo. They are both active in the US and own other brands there. The market is very different in the US because of the regulations, but it could acquire a company like Paccar or Navistar International.”The other option for VW trucks is China. The market is also expected to be slow, but Volkswagen is in a relatively strong position in China. It has a dual strategy, with a partnership with Sinotruk to produce trucks for the mass market, while its brands MAN and Scania take on the high end of the market. It could grow in China by organising additional partnerships with local players.”So far Volkswagen has struggled to find synergies between MAN and Scania since it acquired both. This might be because MAN attempted a hostile takeover of Scania in 2006 which eventually failed. It has produced a non-driving axel for both brands and it is combining two assembly facilities in Russia into one, but there has been only limited progress in finding synergies. Having said that, I don’t see why that would be affected if the trucks division became independent.”
Warwick Business School has in-house broadcasting facilities for TV and radio. We have an ISDN line for radio and for television interviews we have the Globelynx TVReady network, a list of Warwick experts is available.

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