This special report on shareholder value will be a regular feature of Automotive News Europe.
Each quarter, Automotive News Europe, in cooperation with PricewaterhouseCoopers, will report on the total shareholder value returns of European carmakers, suppliers and retail groups.
As calculated by PricewaterhouseCoopers, total shareholder return measures the actual growth in value of an investment over a specified time period. It includes growth in market capitalization or total value of the company, plus dividends. The calculation assumes that all dividends are reinvested to purchase additional shares.