Volkswagen AG, NSK Ltd., BorgWarner and CarMax receive Global Automotive Shareholder Value Award presented by PricewaterhouseCoopers and Automotive News
DETROIT, January 24, 2008 ― PricewaterhouseCoopers LLP and Automotive News announced the winners of the Global Automotive Shareholder Value Award for one- and three-year performance in 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: global vehicle manufacturers, global parts suppliers, and US retailers over one- and three-year periods. 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 | Return | PwC Shareholder Value Index |
| Global vehicle manufacturers | Three-year | Volkswagen AG | 438% | 53% |
| Global vehicle manufacturers | One-year | Volkswagen AG | 105% | 1% |
| Global automotive suppliers | Three-year | NSK, Ltd. | 128% | 38% |
| Global automotive suppliers | One-year | BorgWarner, Inc. | 65% | 7% |
| U.S. automotive retailers | Three-year | CarMax, Inc. | 27% | -7% |
Note: No retailers in the index posted positive returns during 2007, and therefore, no one-year shareholder value award will be awarded.
The PricewaterhouseCoopers Shareholder Value Indices capture a company's performance by taking into account both increases and decreases in a company's 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.
"In today's rapidly changing environment, automakers continue to face challenge and seek new opportunities," said David J. Breen, U.S. automotive leader, PricewaterhouseCoopers. "The one constant is the importance to improve shareholder value and maintain strong investor relations."
Shareholder Value Indices have been reported in Automotive News on a quarterly basis since January 2000. The 2007 complete year-end results and Automotive Shareholder Award winners are announced in the January 28, 2008 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 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
"PricewaterhouseCoopers" refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
For more information about the PricewaterhouseCoopers Automotive practice, please visit www.pwc.com/auto.
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