Daimler AG

FEZ’s auto manufacturing industry provided a return of -2% in 2015. The emission scandal in September had a negative impact on Volkswagen.

Ferrari (RACE) is one of the most prestigious brands in the automobile industry. The Italian racing and sports car manufacturer entered the business in 1947.

In 1Q17, Ferrari’s (RACE) shipments to the Americas rose 4.2% year-over-year to 545 car units from 523 units in 1Q16.

The SPDR Euro Stoxx 50 ETF (FEZ) is a US exchange-traded ETF that tracks the performance of the 50 largest companies across the Eurozone.

In line with the flash estimate, the Eurozone manufacturing PMI rose to 52.8 in November 2015, up 0.5 points from the 52.3 reading in October.

Stable demand and strong brand image have kept Ferrari (RACE) moving forward, regardless of adverse global economic conditions.

By focusing on extraordinary vehicle design and exclusivity, Ferrari is able to sell luxury cars with high-profit margins to end consumers.

In the current global scenario, the possibility of further devaluation of the Chinese yuan is a major concern for global equity markets. The Chinese PMI data released on January 31, 2016, indicated a slowdown in the Chinese economy.

Ferrari spends extravagantly on Formula 1 events, as its Formula 1 racing team has been critical to the brand’s image.

Germany’s inflation data is on the radar of financial investors. As one of the largest economies in Europe, Germany serves as a growth engine for the continent.

On Wednesday, January 13, 2016, the stocks at the bottom of the SPDR Euro STOXX 50 ETF (FEZ) were BMW, Daimler (DDAIF), Deutsche Bank (DB), SAP (SAP), and Siemens (SIEGY).

On Friday, January 15, 2016, Société Générale stock fell 5.8%, putting it at the bottom of the SPDR Euro STOXX 50 ETF (FEZ).

Ferrari aims to incorporate the technology of its Formula One racing cars in its sports cars.

On Monday, March 17, ECB (European Central Bank) chief Mario Draghi stated that declining oil prices benefit Europe and cited the economic benefits.

While Greater China accounted for just 9% of the company’s total shipments, it’s still strategically important for Ferrari due to China’s future growth potential.

Ferrari (RACE) is considered a symbol of power, speed, and passion by many motorsport enthusiasts. There are only a few key market players in the luxury supercar segment.

Germany’s IIP (industrial production index) fell by 0.3% month-over-month in November—compared to a revised rise of 0.5% in October 2015.

In October 2014, Fiat Chrysler Automobiles (FCAU) announced its intentions to spin off Ferrari (RACE) as an independent entity.

According to Eurostat, the euro area annual inflation rate fell to -0.1% in September 2015 against 0.1% in August 2015.

The Calamos International Growth Fund – Class A (CIGRX) seems to be cautious about its portfolio positioning for now.

On December 18, 2015, the stocks at the top of the SPDR Euro STOXX 50 ETF (FEZ) were Total, Muenchener Rueckver, Volkswagen, Sanofi, and ING Groep.

According to Markit, Germany’s manufacturing PMI rose to 53.2 in December 2015, compared to its November level of 52.9 level.

During the Golden Steering Wheel awards ceremony, Tesla’s (TSLA) CEO Elon Musk revealed that Berlin was selected for the company’s next Gigafactory.

Daimler (DDAIF) Trucks, along with Torc Robotics, has tested its SAE level 4 self-driving trucks, which it’s planning to launch commercially.

Tesla CEO Elon Musk visited China last week to attend the World Artificial Intelligence Conference. He also visited Tesla’s Gigafactory in the country.

On June 23, Daimler AG (DDAIF) announced a cut in its 2019 outlook. The company expects its 2019 EBIT to be nearly flat compared to the previous year.

Tesla (TSLA) unveiled its Semi on November 16, 2017. The Semi unveiling event witnessed great fanfare and cheers from the crowd.

In June 2017, General Motors revealed that it had produced 130 units of its Chevrolet Bolt next-generation autonomous vehicles.

In 1Q17, Fiat Chrysler’s (FCAU) shipments in the European market rose 11.8% to 340,000 vehicle units, from 304,000 units in the corresponding quarter of 2016.

As the US economy gains strength, its impact on euro trade comes significant.

In January 2016, GM launched Maven, its personal mobility car-sharing brand, which provides residential and peer-to-peer car-sharing services.

The minister has also stated that FDI inflows to India (EPI) (IFN) rose by a whopping 46% during October 2014 to May 2016 in response to the “Make in India” campaign, which launched in September 2014.

The Vanguard European Stock Index Fund’s assets were spread across a staggering 1,250 stocks as of June 2016, and it was managing assets worth $17.8 billion.

In addition to connecting drivers and customers, Uber’s application calculates the charges that a customer needs to pay at the end of the trip.

Uber charges higher fares through its surge pricing feature when the demand for rides is high.

In this part, we’ll explore how car2go is helping Daimler expand its presence in the car-sharing business.

Founded in 2000, Zipcar was one of the car-sharing industry’s early entrants.

In the last few years, the car-sharing business has grown at a fast pace.

In this series, we’ll take a look at the car-sharing industry and its future growth potential.

In 1Q16, Ferrari reported adjusted EBITDA of 178 million euros, or about $202.9 million, with an EBITDA margin of 26.3%, as compared to 25.7% in 1Q15.

The Vanguard European Stock Index Fund – Investor Shares’ (VEURX) assets were spread across a staggering 1,249 stocks as of March 2016. It was managing assets worth $19.0 billion.

Harley-Davidson has established a significant name in the field of motorcycle racing.

The Ifo Business Climate Index for Germany rebounded in March from a 14-month low in February. It rose to 106.7 in March—compared to 105.7 in February.

Car2go is the largest car-sharing service provider in the world. It could be seen as the biggest competition for GM’s ambitious car-sharing program, along with Uber and Zipcar.

Cadillac is the most popular luxury car brand in General Motors’ portfolio. It was established with the foundation of the Cadillac Automobile Company.

VEURX is a passively managed index fund. So its fund manager can’t take active bets and has to follow the allocation of the underlying benchmark.

In January 2016, General Motors entered into a strategic alliance with Lyft, a car-sharing service. This could be seen as a hedge against a possible downturn in the US auto demand.

Since General Motors’ beginning, North America has been its most important market. North America alone accounted for ~70% of GM’s total revenues in 2015.

From a purely NAV (net asset value) return standpoint, the CIGRX had a poor one-year period until February 29, 2016.

Being born and raised in a farmer family, Henry Ford had the vision to produce a vehicle for the masses. This encouraged him to produce the Model T.

The Vanguard European Stock Index Fund (VEURX) is by far the largest fund in this review by asset size.

In January 2016, General Motors announced that it would launch a car-sharing service in 1Q16 with the help of its strategic partner Lyft.

Tesla (TSLA) has industry-leading gross margins, which are better than those of other auto industry giants such as Ford Motor Company and General Motors.

Being a fairly new automaker, Tesla Motors’ valuation multiples are not comparable with other industry giants such as Ford, General Motors, and Toyota.

In-line with the flash estimate, the Eurozone’s manufacturing PMI (purchasing manufacturers’ index) stood at 52.3 in January 2016.

Ferrari is expected to witness high growth in earnings with relatively lower leverage than the industry average. This could be a reason why Ferrari has a high forward price-to-earnings multiple.

On Monday, January 25, 2016, the stocks at the bottom of the SPDR Euro STOXX 50 ETF (FEZ) were UniCredit, Deutsche Bank, Banco Santander, and Daimler.

The JPMorgan Intrepid European Fund – Class A (VEUAX) fell 1.3% in December 2015 from a month ago.

With the reading above neutral, the Eurozone continued its upturn in business activity. Though at a 12-month low, the services PMI rose to 53.6 in January

The current refugee crisis is growing in Europe (HEDJ) due to the conflict between Germany (EWG) and the United Kingdom (EWU).

Overview of FEZ’s performance on January 13 As we discussed previously in this series, as global growth worries weighed on the market during the previous day’s trading, global markets fell drastically on Wednesday, January 13, 2016. The SPDR EURO STOXX 50 ETF (FEZ) and the iShares MSCI EMU Index ETF (EZU) returned 2.08%, and 1.97%, […]

Ferrari is expected to face competition in the coming years from global automobile giants like Volkswagen (VLKAF) and Daimler (DDAIF).

On Tuesday, January 5, 2016, the auto manufacturing industry provided the highest negative return of 1.5% to the performance of the SPDR Euro STOXX 50 ETF (FEZ).

The auto manufacturing industry was the biggest loser with a negative return of 1.5% on Tuesday, January 5, 2016. Volkswagen (VLKAY) stock alone fell 2.8%.

According to Germany’s Federal Statistical Office (Destatis), Germany’s December inflation rate is expected to come in at 0.3% on a YoY (year-over-year) basis as compared to 0.4% in November 2015.

On Monday, January 4, 2016, the United States Department of Justice filed a civil lawsuit against Volkswagen for violating the Clean Air Act.

On Monday, January 4, 2016, China’s Shanghai Composite Index fell a huge 7%, sending jitters throughout the global market. It came on the back of fresh fears over China’s economic growth.

Anheuser-Busch (BUD) provided the positive return of 22% in FEZ in 2015. Currently, the stock is trading at 114.6 euros. Its 52-week high is 119.65 euros.

On December 21, FEZ’s top stocks were Deutsche Post, Volkswagen (VLKAY), ASML Holdings (ASML), Deutsche Bank (DB), Unicredit (UNCFF), and Daimler (DDAIF).

The European Central Bank expanded stimulus measures for the Eurozone on December 3, 2015, by reducing its deposit rate by ten basis points to -0.3%.

The oil and gas industry provided the highest positive return of 0.8% on December 22, 2015. Oil prices rose yesterday. They paused the downtrend.

The EU’s major economies like France (EWQ), Germany (EWG), and the United Kingdom (EWU) could witness a growth rate of 1% or more than in 2016.

In 2015, the Eurozone economy advanced at a slower rate of 0.3% in 3Q15 with an increase in household consumption expenditure.

On December 14, 2015, the stocks at the top of the SPDR Euro STOXX 50 ETF (FEZ) were Deutsche Post, BMW, SAP, Daimler, Deutsche Bank, and Carrefour.

On Friday, December 11, 2015, auto manufacturing stocks emerged as the biggest losers for the SPDR Euro STOXX 50 ETF (FEZ). Daimler, BMW, and Volkswagen fell 4.5%, 4%, and 3.5%, respectively.

On December 10, 2015, the auto manufacturing industry yielded the highest positive return of 2.5% within the SPDR Euro STOXX 50 ETF (FEZ). Auto manufacturing constitutes 7% of FEZ’s holdings.

Policymakers feel that the ECB monetary policy actions have been effective and have contributed towards their objective.

Germany’s manufacturing PMI rose to 52.9 in November 2015, up 0.8 points from October’s reading of 52.1 in October.

ING Groep (ING) provided the highest individual as well as weighted return in FEZ on November 27, 2015. The individual return was 1.2%.

In 3Q15, Tesla saw gross profits of $231 million, a 24.7% margin on a GAAP basis. But it posted non-GAAP gross profits of $312 million with a 25.1% margin.

Tesla is expected to post gross profits of $304 million in 3Q15 at a margin of 24.5%. Its gross profit margins are more in the ballpark of luxury carmakers.

European stocks have benefited from the weak euro. Not only do exports look attractive to Americans, large-cap European companies also gain from currency translation.

There are higher maintenance and repair costs as a car gets older. This supports the option of leasing a vehicle.

Auto firms invest huge amounts of money in research and development. They have to develop more fuel-efficient models to meet government regulations.

The automotive sector plays a crucial role in job creation. Car manufacturing activity has an employment multiplier value of five.