Consolidated subsidiaries

The fiscal year’s changes in the consolidated Group are shown in the following table:

With the exception of the acquisition of Navistar, the initial consolidation or deconsolidation of these subsidiaries, either individually or collectively, did not have a significant effect on the presentation of the net assets, financial position and results of operations. The unconsolidated structured entities are immaterial from a Group perspective. In particular, they do not give rise to any significant risks to the Group.