SAIC, Dana Holding Corporation, Hyundai Mobis and CarMax receive Global Automotive Shareholder Value Award presented by PricewaterhouseCoopers and Automotive News
DETROIT, Jan. 18 /PRNewswire/ -- PricewaterhouseCoopers LLP and Automotive News announced the winners of the Global Automotive Shareholder Value Award for one- and three-year performance by Global Vehicle Manufacturers, Global Automotive Suppliers and U.S. Automotive Retailers. The annual event was held in conjunction with the Automotive News World Congress in Detroit, Michigan.
The winners were determined by their total shareholder return performance relative to the PricewaterhouseCoopers Global Automotive Shareholder Value Index in each of three categories. Developed specifically for the automotive sector, the indices provide precise information on relative returns.
This year's winners are represented in the following table, along with the corresponding indices:
Award Category | Performance Period | Company | Headquarters | Return | PwC Shareholder Value Index | |
Global vehicle manufacturers | Three-year | SAIC | China | 274.4% | -21.0% | |
Global vehicle manufacturers | One-year | SAIC | China | 387.2% | -12.4% | |
Global automotive suppliers | Three-year | Hyundai Mobis | South Korea | 63.5% | -17.4% | |
Global automotive suppliers | One-year | Dana Holding Corporation | U.S.A. | 1,364.9% | +81.2% | |
U.S. automotive retailers | One-year | CarMax, Inc. | U.S.A. | 207.7% | +144.0% | |
Note: No retailers in the index posted positive returns for the three--year period, and therefore, no three-year shareholder value award was awarded in that category. | ||||||
The PricewaterhouseCoopers Shareholder Value Indices capture a company's performance by taking into account both increases and decreases in a share price, dividends, share buy-backs and new share issues. The result is one benchmark that provides a measurement of shareholder value for stock market-listed automotive companies.
"The global automotive business is a great business and it is starting to feel that way again," emphasized Dave Breen, U.S. automotive leader, PricewaterhouseCoopers LLP. "The winners represent a truly global business as we recognize four companies based in different countries around the globe. These companies have responded to macro economic factors and industry overhaul to achieve improved shareholder value."
Shareholder Value Indices have been reported in Automotive News on a quarterly basis since January 2000. The 2009 complete year-end results and Automotive Shareholder Award winners are announced in the January 18, 2010 issue of Automotive News at www.autonews.com and can also be found at www.pwc.com/auto from that date.
About PricewaterhouseCoopers
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 163,000 people in 151 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.
For more information about the PricewaterhouseCoopers automotive practice, please visit www.pwc.com/auto.
© 2010 PricewaterhouseCoopers LLP. All rights reserved.
SOURCE PricewaterhouseCoopers LLP
Share this article