IBC Vehicles Limited · Luton United Kingdom
Company Description
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This link will open in a new window IBC Vehicles traffic in the Trafic, and a few other commercial vans, too. Formed in 1987 as a joint venture between General Motors (GM) and Isuzu , the Luton, UK-based IBC became a wholly owned subsidiary of GM in 1998. Vans made at IBC are part of a 1996 partnership between GM and Renault . Renault has driven design, development, and engine supply, and GM the manufacturing end. IBC is reportedly the biggest van producer in the UK, able to turn out about 90,000 units a year. A dedicated large van plant since 2003, IBC is the only GM operation geared up for the Renault Trafic, Vauxhall /Opel Vivaro, and Nissan Primastar. Before being phased out in 2003, the SUV Frontera was also made by IBC for the European market. To read the full description, subscribe now.
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Key IBC Vehicles Limited Financials
| Company Type | Subsidiary Single Location |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $824.7 |
| Employees | 1,866 |
IBC Vehicles Limited Executives
2 executives listed for IBC Vehicles Limited's Luton, location.
| Title | Name & Bio | Contact |
| Managing Director | Christopher William Parfitt | Network |
| Plant Director | Paul Staes | Network |
Competition
Competitive Landscape for IBC Vehicles Limited
Demand is driven by employment and interest rates. The profitability of individual companies depends on manufacturing efficiency, product quality, and effective marketing. Large companies have economies of scale in purchasing and marketing; smaller companies can compete by focusing on specialized markets. The industry is capital-intensive: average annual revenue per employee is nearly $2 million. US-based automakers compete with numerous foreign rivals, including companies such as Toyota, Honda, and Nissan that have extensive auto assembly operations in the US. Through stateside manufacturing capacities and exports to the US, foreign carmakers collectively have about half of the US market. US auto manufacturers' financial positions have deteriorated dramatically in recent years. The "Detroit Three" (Chrysler, Ford, and GM) have suffered from import competition and high cost structures. High gas prices, few small car offerings, and near record-low consumer demand during the late 2000s recession drove Chrysler and GM into bankruptcy, where their debts were restructured. Chrysler and GM also received billions in loans from the US and Canadian governments. Ford, which has joined GM and Chrysler in various government incentive programs but has not received direct federal investment, avoided bankruptcy largely due to more than $20 billion in secured and unsecured loans it took out in 2006. To read the full description, subscribe now.Top IBC Vehicles Limited Competitors
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