Glossary
SELECTED TERMS AT A GLANCE
Adaptive Cruise Control (ACC)
Enhanced cruise control system incorporating a distance control function that uses radar sensors. ACC additionally identifies potential accident risks and activates the brakes as a precaution.
ASEAN
(Association of Southeast Asian Nations) An international organization established on August 8, 1967 consisting of Southeast Asian states with political, economic and cultural objectives.
Benchmarking
Comparative analysis of the products, services, processes, or financial data of a company with those of the leading competitors in an industry.
CCS
An efficient drivetrain and fuel system that combines the advantages of diesel and petrol engines and uses the newest generation of fuels.
Corporate Governance
International term for responsible corporate management and supervision driven by long-term value added.
Direct shift gearbox (DSG)
Gearbox that consists of two gearboxes with a dual clutch and so combines the agility, driving pleasure and low consumption levels of a manual gearbox with the comfort of an automatic.
Fair value
Fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm's length transaction.
Hybrid drive
Drive combining two different types of engine and energy storage system (usually an internal combustion engine and an electric motor).
Modular Longitudinal (MLB) platform
The use of a modular strategy in vehicle platforms in which the drivetrain is mounted longitudinally to the direction of travel. This modular arrangement of all components enables maximal synergies to be achieved between the vehicle families.
Modular Transverse Matrix (MBQ) platform
The use of a modular strategy in vehicle platforms in which the drivetrain is mounted transversely to the direction of travel.
Rating
Systematic evaluation of companies in terms of their creditworthiness. Ratings are expressed by means of rating classes, which are defined differently by the individual rating agencies.
SUV
Sports Utility Vehicle
Turntable concept
Concept of flexible manufacturing enabling the production of different models in variable daily volumes within a single plant, as well as offering the facility to vary daily production volumes of one model between two or more plants.
Value drivers
Factors and measures that determine the earnings and value of a company. The efficiency of a company's value drivers can be measured by means of financial and non-financial performance indicators.