Fiat Spa has won two very important prizes in the PricewaterhouseCoopers Global Automotive Shareholder Value Awards, scooping up the Highest Total Shareholder Return in both the one- and three- year categories.

PWC Highest total shareholder return over three-year period

"An investment of US$100 in the PricewaterhouseCoopers Automotive Shareholder Value Index for Global Vehicle Manufacturers would have increased to US$163. Fiat’s performance represents an increase of 150 percent, growing US$100 into US$250," said PWC in their summing up. "Fiat’s exceptional shareholder return is being driven by the success of its ongoing recovery efforts. In addition to popular retail acceptance of its new passenger cars, Fiat has succeeded in the commercial vehicle space. The company has also moved quickly to reduce net industrial debt and sell off equity stakes in other companies not directly related to core operating areas, such as Italenergia and Mediobanca. Fiat has also moved to solidify holdings in Ferrari," they added.

PWC Highest total shareholder return over one-year period

Meanwhile, Fiat Spa also claimed the PWC award for the Highest shareholder return over one-year period. In their summing up PWC said: "An investment of US$100 in the PricewaterhouseCoopers Automotive Shareholder Value Index for Global Vehicle Manufacturers would have increased to US$135. Fiat’s performance represents an increase of 120 percent, growing US$100 into US$220. Highlights of Fiat’s turnaround include a sharp reversal in their European market share in 2006.
 

"This was largely attributed to a surge in sales of the redesigned Punto, a proven winner in the marketplace. Fiat is looking to replicate the success of the Punto in 2006 with a radically styled new Bravo in 2007," PWC concluded.

PricewaterhouseCoopers Global Automotive Shareholder Value Awards

Since its launch eight years ago, the PricewaterhouseCoopers Global Automotive Shareholder Value Index (SVI) has become accepted as the standard measure of relative shareholder value in the automotive industry. Criteria were formulated after consultation with our contacts in the sector. Primarily they sought a benchmarking system which is straightforward and easy to understand yet can be applied rigorously. Much of the SVI’s success lies in its simplicity. It looks at the value of US$100 invested in a stock over one- and three‑year periods, and compares relative returns generated by different companies and industry segments. The result is an objective and reliable measure of shareholder value for stock market-listed automotive companies. The SVI takes into account rises and falls in a company’s share price, dividends, share buy backs and new share issues.

The Global Automotive Shareholder Value Awards are presented annually at the Automotive News World Congress
gala dinner and recognise the highest total shareholder return for Global vehicle manufacturers, Global suppliers, and U.S. retailers over one- and three-year periods ending 31 December 2006.