The automotive industry is one of the important industries in Europe. Germany and France are two of the top players in the global automotive market accounting for 35% of the global share of the industry in 2012.The German auto industry employed 1.6 million workers and France had
671,000 workers according to one Mazars Survey 2013.
In order to identify some of the major European auto and parts suppliers I referred to the STOXX® Europe 600 Automobiles & Parts index. In the past 5 years, the index is up over 110% in price terms.
Source: STOXX
The following 14 firms are components of the index with the ADR ticker, if available:
1.Company: BMW (BAMXY)
Current Dividend Yield: 3.33%
Country: Germany
2.Company: Continental (CTTAY)
Current Dividend Yield: 1.76%
Country: Germany
3.Company: Daimler (DDAIY)
Current Dividend Yield: 4.01%
Country: Germany
4.Company: Fiat Chrysler Automobiles
Country: Italy
5.Company: GKN (GKNLY)
Current Dividend Yield: 2.64%
Country: UK
6.Company: Michelin (MGDDY)
Current Dividend Yield: 3.94%
Country: France
7.Company: Nokian Renkaat
Country: Finland
8.Company: Peugeot (PUGOY)
Current Dividend Yield: 4.3%
Country: France
9.Company: Porsche Preferred
Country: Germany
10.Company: Renault
Country: France
11.Company: Pirelli & Co
Country: Italy
12.Company: Rheinmetall (RNMBY)
Current Dividend Yield: 1.29%
Country: Germany
13.Company: Valeo (VLEEY)
Current Dividend Yield: 2.06%
Country: France
14.Company: Volkswagen Pref (VLKAY)
Current Dividend Yield: 2.57%
Country: Germany
Ticker shown is for the common.
Note: Dividend yields noted above are as of Oct 31, 2014. Data is known to be accurate from sources used.Please use your own due diligence before making any investment decisions.
Disclosure: Long CTTAY
