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Barcelona-headquartered Ficosa International S.A and Japan-based Panasonic Corporation signed an investment agreement on Tuesday to form a capital and business alliance through a €250 million operation. According to the official press release by Ficosa, as part of the capital alliance, Panasonic will take a 49% stake in the Catalan company. Ficosa is a company that specializes in automobile components, founded in 1949 in Barcelona, where the headquarters remain. It grew at a phenomenal rate and now has around 8,000 employees in 18 countries around the globe, with net sales of €925 million as of December 2013. It is best known for its gear-boxes and rear-view mirrors, of which it produces over 20 million a year. The goal of the alliance will be for both groups to develop projects towards a future self-driving car, while also being mutually advantageous from a business perspective.

Exports from Catalonia between January and June 2014 reached €29,769.5 million, which represent a 1.8% increase compared to the same period last year. They also represented 24.9% of Spain's total exports, which reached €119,265 million, a 0.5% growth on the previous year's figures. However, despite growing at a slower pace, Spain's total exports posted a new historical record since comparable figures started to be registered in 1971. Considering just the June figures, the export sector seemed to be affected by the negative economic figures from France and Germany. Catalan exports only grew by 0.1% in June compared to the figures registered in the same month of 2013, while Spain's total exports during the first sixth months of the year decreased by 1.2%.

63% more exports have been channelled through the Port of Barcelona during the first six months of 2014 than in the same period of 2008, prior to the economic crisis. On Friday, the President of Barcelona Port Authority, Sixte Cambra, announced that 2014 will be the year of record sums of exports and imports from the Catalan port. The Port finished the first half of 2014 with 22.5 million tons of goods transported, representing an increase of 7% compared with the same period of 2013. Cambra said that growth occurred in all cargo sections of the port, driven by foreign trade, especially exports.

Moto2 World Champion Pol Espargaró is disputing the MotoGP World Championship for the first time this year after winning the Moto2 competition last season. Born in Granollers (Greater Barcelona) in 1991, he climbed on his first motorcycle at just 3 years old and just a year later he started competing. He has been competing at Championship level since 2006 and in his international debut he became the youngest rider to obtain points in a Grand Prix. He competed with different teams and brands such as Derbi, Kalex and Yamaha. His eldest brother Aleix Espargaró has also competed at the highest level –MotoGP- since 2009.

The new SUV model of SEAT, which is part of the Volkwagen Group, will be produced in the Czech Republic rather than in the Martorell plant despite being entirely designed in the SEAT Technical Centre in Martorell (Greater Barcelona), according to sources from the German car manufacturer. The company justified the decision because of "lower production costs" at the Czech Skoda plant. The news that the manufacturing of the model will be moved away from Barcelona has come as a blow to the CCOO trade union, which has expressed its regret that the Catalan factory has lost the opportunity to have a secure workload for the coming years. CCOO has suggested that the Martorell plant requires a business plan to ensure the allocation of new models.

The Catalan industrial sector received €1.365 billion of direct foreign investment in 2013, the highest amount since 2005, according to Barcelona’s Chamber of Commerce. This represents 52% of the total foreign investment in Spain’s industrial sector in 2013, while Catalonia represents around 19% of Spanish GDP. Across all sectors Catalonia received a total of €3.51 billion of foreign investment last year, 31% more than in 2012. In addition, the President of the Chamber, Miquel Valls, emphasized that foreign investment in Catalonia went mostly to the industrial sector and advanced services, while in the rest of Spain it mostly went to the recreational and real estate sectors. According to Valls, this indicates that international investors have identified Catalonia with “a new production model”, while this has not happened in the rest of Spain.

Exports from companies based in Catalonia reached €14.69 billion during the first 3 months of 2014, a 4.1% increase on the same period of 2013. Catalan exports stagnated in 2013 on 2012 figures, with 0.1% growth, after a few years of significant increase. The figures from the first quarter of 2014 point towards a recovery of export growth, mostly thanks to the month of March, when exports grew by 7.8% compared to the same month of 2013. In the whole of Spain, exports increased by 3.2% in the first quarter and Catalonia represented 25.2% of total Spanish exports. The chemical industry accounted for 27.6% of Catalan exports, followed by capital goods and the car industry. 65.4% of Catalonia’s exports went to European Union markets, while exports to Asia accounted for 9%.

This weekend Lewis Hamilton won the F1 race in Barcelona followed by Mercedes team mate Nico Rosberg. The two drivers fought hard for the victory and Hamilton finished only 0.6 seconds ahead of Rosberg. Daniel Ricciardo, from Red Bull, completed the podium. Sebastian Vettel ended in fourth position, after starting the race 15^th. Hamilton is now leader of the championship. More than 200,000 people went to the Barcelona-Catalunya Circuit to watch the F1 Grand Prix over the three days, 60% of which came from abroad.  

This weekend the Formula 1 World Championship comes to Catalonia once again thanks to a long tradition which blends the motor industry and competition. Catalonia has several industries related to cars and motorbikes. Aside from SEAT, Nissan, Honda and Rieju are important factories that supply components worldwide. Catalonia plays host to a packed motor sports calendar. The Formula 1 Grand Prix, the GP Motorbike Grand Prix, the World Rally Championship all take place in Catalonia among other endurance series, classic races and indoor or outdoor motorbikes championships. Moreover, Catalan drivers are competing in a lot of international categories. For instance, last year the three Motorcycle World Champions – Marc Márquez, Pol Espargaró and Maverick Viñales - were all Catalans.

The Japanese car manufacturer started production of its new e-NV200 van, the electric version of the existing NV200, on Monday. The new model will be Nissan’s first van to be 100% electric. The vehicle will be exclusively built in the company’s plant located in Barcelona’s Zona Franca industrial district, which is very close to the city’s sea port, one of Europe’s main gateways for imports and exports. The production of the new e-NV200 has meant the creation of 700 new jobs, according to Nissan’s CEO and Vice President for Industrial Operations in Spain, Frank Torres. Barcelona’s City Council has reached an agreement with the car manufacturer to promote the use of this van among the Catalan capital’s taxi fleet and distributors operating in Mercabarna, the city’s wholesale market.

Greater Barcelona-based car manufacturer Seat has hired 450 new workers to cover an expected increase in production. The new employees will join the workforce at the Martorell factory to aid the production of two of its most popular car models, the Ibiza and the Leon. Seat also announced an increase in overall production during a strong performance in 2013, which saw its highest production rates for 5 years. Besides, the Japanese Nissan recently extended the contract to 308 temporary workers and hired additional 20 people in its Barcelona factory. Last November, Nissan launched a shorter night shift to produce the Primastar X83 van, which was extended in February in order to increase production.

Barcelona-based SEAT, which is part of the Volkswagen Group, has chosen the Geneva Motor Show to introduce its new vehicle in the Leon range, the cars whose sales increased the most in 2013, with a total of 102,000 units sold. This latest creation is the new Leon Cupra, by far the most powerful and the fastest vehicle manufactured by the Catalan company, whose main factory is located in Martorell (Greater Barcelona). With its 280 horsepower, this sports model will hit the market in both 5-door and 3-door versions. Coinciding with the opening of the event this Tuesday, SEAT also presented the Mango version of its Mii city car, a special edition resulting from the collaboration between designers at the SEAT Martorell plant and the Catalan fashion multinational which includes, amongst other novelties, exclusive paintings in beige and black.

In the coming weeks, the management of Volkswagen Group should decide where to produce its latest SUV model, designed in the SEAT Technical Centre in Martorell (Greater Barcelona) and featuring two versions, one for the Catalan brand and the other one for Skoda. The President of the SEAT Workers Committee in Martorell, Matias Carnero, argued that the Catalonia-based factory was the most competitive to produce the vehicle. These past weeks, some sources have asserted that Martorell’s main rival, the Skoda plant in the Czech Republic, would ultimately be chosen. Indeed, it is believed that the President of SEAT Jürgen Stackmann hinted at such a fact in several internal meetings. However, Matias Carnero insisted that the Martorell factory had never been completely ruled out.

Barcelona-based SEAT, which is part of the Volkswagen group, sold 355,000 vehicles last year, representing a 10.6% increase on 2012 figures. The Catalan brand has not sold so many cars since 2008. The SEAT Leon car model was the company’s strongest asset, with 102,000 cars purchased in 2013, which is a 44% sales increase on the previous year. SEAT’s President, Jürgen Stackmann, highlighted “the commercial impetus” that the company currently has, “especially in Europe, when in a market context of sales drop, SEAT is growing faster than its competitors”. In Western Europe, which is the brand’s main market, the Catalan company increased sales by 9.4%, selling 273,200, 23,500 more cars than in 2012.

Fira de Barcelona - the Catalan capital trade fair organisation - expects to end 2013 with revenues of €117.2 million, meaning 10.9 % more than targeted, 1.7 % more than last year and 2.2 % more than in 2011. The institution’s management stressed that such good results came from the “ability to attract major international events”, such as the Mobile World Congress or the EVS27, dedicated to the electric vehicle. The foreign sector already contributes to 50% of the Fira de Barcelona revenues. Indeed, the institution, apart from welcoming professionals from all around the world, has also created other trade fairs in foreign countries and next year it will open new fairs in Qatar or Japan.