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Automotive News announced the winners of the Global Automotive Shareholder Value Awards for one- and three-year performance periods by Global Vehicle Manufacturers, Global Automotive Suppliers and U.S. Automotive Retailers. The annual event was held January 11, in conjunction with the Automotive News World Congress in Detroit, Michigan.
The winners were determined by their total shareholder return relative to the PwC Global Automotive Shareholder Value Index in each of the three categories. Developed specifically for the automotive sector, the indices provide precise information on relative returns.
The PwC Shareholder Value Index determines 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 measures shareholder value for stock market-listed automotive companies.
"It is a privilege to acknowledge these winning companies for their performance," said Rick Hanna, global automotive leader, PwC. "The financial returns these companies generated, and the overall three year returns within the industry, reflect the decisions these management teams have made to continue to invest in their businesses despite the overall economic environment.
Shareholder Value Indices have been reported in Automotive News on a quarterly basis since January 2000. The 2011 complete year-end results and Automotive Shareholder Award winners will be announced in the January 16, 2012, issue of Automotive News at www.autonews.com and can also be found at www.pwc.com/auto from that date.
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