Although the European region is still recovering slowly, the strategies to bring up efficiency and cut costs have proven successful for many of the carmakers, which made their overall value soar.
The Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices points to the fact that automakers improved their value further in the first quarter of the year, although the increases were lower than the preceding quarter.
“The overall growth for European automakers is encouraging and reflects the tentative recovery in the euro zone, driven by a combination of pent up demand and the success of refreshed and expanding model ranges.” said Jason Wakelam, PwC Automotive Transaction Services Partner.
Overall, the automakers rose 7% in the first quarter, after Q4 of 2013 saw a better 9% rise. The best performer was Peugeot, which went up 45% in shareholder value after the cash boost headed to PSA from the Chinese partner Dongfeng and the French state.
Also, strong performers were Fiat and Renault, with the first boosted by the new acquisition of Chrysler, while the latter owes its value gain to the strong performance in sales from both its namesake brand and also Dacia, the affordable brand that has record performances each month.
Via Automotive News Europe