The European Union(EU) is the one of the major exporters of passenger automobiles. In 2019, 5 million cars were exported by the EU worth €124.6 billion according to ACEA. The top market for European cars was the US followed by China and Japan.
Destinations for European Union Passenger Car Exports by Unit Volume:
Click to enlarge
Destinations for European Union Passenger Car Exports by percentage:
Source: ACEA
The auto industry is one of the important and major industries not just in the US but also in Europe as well. The European auto industry is recovering slowly this year from the effects of the pandemic. In September, the EU passenger car market registered the first increase of the year with registrations increasing by 3.1% relative to last September according to ACEA. The chart below shows the motor vehicle production by country in 2019. Motor vehicles include passenger and commercial vehicles. In total 185. million vehicles were produced in 2019.
In the passenger car segment, Germany was the top producer followed by France and Spain.
Click to enlarge
Source: European Automobile Manufacturers Association (ACEA)
One way to profit from growth of European auto industry is by investing in Auto Parts suppliers. I have written many articles on this topic before some of which are listed below:
For the complete list of auto parts stocks trading on the US markets, you may also want to check out:
The daily US infection count reached another record yesterday with 85,085 cases reported. So far in this pandemic 223,948 Americans have died and the total infection count is over 8.5 million according to NY Times data.
But after months of dithering and misery, President’s Trump’s plan to rid the US of this nasty virus has finally been found and someone posted the entire content online. You can find the full details of this amazing and ground-breaking strategy here:
All the countries of the world including China are reviewing this plan and hopefully will have their comment before November 3rd !. 🙂
The World’s Top 10 Dairy Companies are shown in the chart below. Swiss food giant Nestle(NSRGY) is the world’s largest dairy company in the world. Diary is just one are of the Swiss multinational’s business units. The next top ranked firms are Lactails and Danone(DANOY) of France.
Click to enlarge
Source: Market Research Reports
Disclosure: No Positions
The following is a fascinating infographic showing the various stages of a man’s life starting from the cradle to the grave. The details and the vivid illustration using each letter is simply wonderful especially since this is from 1835. The author was Albert Alden (1812 – 1883), a Massachusetts-based American printer and engraver. This work was published in the Barre Gazette in Barre, Massachusetts.
Click to enlarge
Source: Daily Infographics