Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
- Advertisement -

The COVID-19 crisis has had a severe impact on the German auto industry, causing massive revenue and market cap drops to companies operating in the sector. However, not all German carmakers’ stocks have performed the same in times of economic turmoil caused by the pandemic.

According to data presented by Stock Apps, the market capitalization of Daimler AG jumped by €9bn year-on-year, reaching €61.8bn in January. At the same time, the combined value of stocks of the other two major Garman carmakers, BMW and Volkswagen Group, plunged by €8bn.

Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn

Volkswagen Group Lost €6.7B in Market Cap Amid COVID-19 Crisis

As one of the largest national economy segments, Germany’s auto industry supports around 830,000 jobs and directly accounts for more than 5% of gross domestic product.

The coronavirus pandemic hit German carmakers when they were already facing a plunging global demand, costly transition to electric and self-driving cars, and pollution concerns, worsen by the Dieselgate emissions scandal.

- Advertisement -

Daimler AG is the only German carmaker whose stock price increased despite the effects of the COVID-19 crisis. In December 2019, the market capitalization of Germany’s second-largest car manufacturing group amounted to €52.8bn, revealed the Yahoo Finance data.

After a sharp fall to €29.4bn in March 2020, this figure recovered to €49.2bn in September last year and continued rising. Statistics show the combined value of stocks of Daimler AG jumped by 17% year-over-year and hit €61.8bn last week.

The BMW Group lost nearly €1.3bn in market capitalization in the last year, with the figure falling from €47.1bn in December 2019 to €45.8bn last week.

Statistics show that Volkswagen Group, as the largest car manufacturing group in Germany and Europe, has taken the hardest hit amid the COVID-19 crisis. Although the company managed to reduce the effects of the coronavirus pandemic in the first half of the year, the Q3 2020 financial report revealed severe losses. Between January and September, the Group’s sales revenue plunged by $31.1bn to $155.5bn, almost a 17% drop in a year.

Read Also:  BMW Group increases sales and market share
- Advertisement -

The COVID-19 outbreak caused an 18.7% drop in vehicle deliveries, with 6.5 million units sold in the nine months of 2020. The Yahoo Finance data also revealed the Volkswagen Group market cap plunged by 17% in 2020, falling from €87.6bn in December 2019 to €80.9bn last week.

Volkswagen Group Accounted for One-Quarter of New Car Registrations in Europe in 2020

The COVID-19 crisis triggered a sharp fall in the number of car registrations in Europe, the biggest market for German cars besides China. Although car demand in European markets started showing signs of recovery in the second half of 2020, the number of new car registrations dropped by 12% between November 2019 and 2020, revealed the European Car Manufacturers Association data.

The French, UK, and Spanish markets saw the largest fall in November sales, with 47,000, 43,000, and 17,500 units drop, respectively. Germany recorded the highest sales volume among all markets, with more than 290,000 units sold in November.

Statistics show the Volkswagen Group accounted for one-quarter of new car registrations in European markets between January and November 2020, almost double than BMW Group and Daimler AG combined. PSA Group ranked second with a 14.5% market share in this period. Renault Group and Hyundai followed, with 10.3% and 7.1% market share, respectively.

- Advertisement -
Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand SpurDaimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand SpurDaimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand Spur

Latest News

Design Spectrum of Hong Kong Design Centre Presents PLAY LIVES Exhibition

Playtime Now! Explore the Infinite Possibilities of Play and Design

 

HONG KONG SAR - Media OutReach - 4 March 2021 - Play Attention! One may "recognise play when one sees it", yet one may not be able to describe it. Many still harbour the preconception that play is a waste of time for adults. Design Spectrum, the public-facing platform of Hong Kong Design Centre (HKDC), sponsored by Create Hong Kong of the Government of the Hong Kong Special Administrative Region, has launched its latest exhibition under the theme PLAY LIVES at 7 Mallory Street. Opens to the public for free from now to 30 April 2021, the exhibition takes visitors on a playful journey for them to rediscover the fundamental concepts of play and design, and how the concepts complement each other to better our futures. Enter the rabbit hole: toying with the concept of play as a positive agent in people's lives, the exhibition takes visitors through design for play's wonderland.


Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand Spur

PLAY LIVES opens to the public for free from now to 30 April 2021, the exhibition takes visitors on a playful journey for them to rediscover the fundamental concepts of play and design, and how the concepts complement each other to better our futures.

Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand Spur

Co-curated by Rémi Leclerc (right), Founder of PolyPlay Lab, and Chi-wing Lee (left), Founder and Creative Director of Milk Design, PLAY LIVES illustrates why play is beyond entertainment.

Play opens minds, design shapes futures

Co-curated by Rémi Leclerc, Founder of PolyPlay Lab, and Chi-wing Lee, Founder and Creative Director of Milk Design, PLAY LIVES illustrates why play is beyond entertainment, and how it is an integral part of our lives and can be designed to better our futures. New Zealand play theorist Brian Sutton-Smith once quipped that "The opposite of play is not work. The opposite of play is depression". As Leclerc explains, "While play generates culture, design shapes culture: just about everything around us is designed. As a friendly 'Trojan hobby horse', play makes design accessible. Referring to play's attributes enhances designers' practice because people are naturally apt at play: realising design is like play makes it easier to understand design... Play allows design to connect to life more naturally, igniting creativity, hence bettering design practice." By showcasing play through a design perspective, PLAY LIVES extolls the value of design in shaping contemporary play, and recognises the role of play in enhancing design.

Read Also:  MARITIME EDUCATION: NIMASA TO EQUIP MAN ORON TO GLOBAL STANDARDS


PLAY LIVES SHOWTIME: A journey to explore play through design

PLAY LIVES Exhibition showcases more than 90 play and design projects from Hong Kong, the Mainland, Japan, Korea, and the USA, offering visitors a 360-degree view on the types and functions of playthings, and unveiling the cultural value of designing play for everyday life. Visitors will be able to chart their own maps of the meaning of play to ascertain the value of design for play: Room 1 showcases eight whimsical fixtures which invite visitors to explore the attributes of play through engaging experiences, thus toying with "Design Play DNA". Building on visitors' explorations in Room 1, Room 2 demonstrates the value of play and design and how they shape cultures through four displays: demonstrating the relevance of play and design in shaping culture: IMAGE Play Lives, a street newspaper stall; OBJECT Play Lives, a toy storefront display shelf; BODY Play Lives, along a two-tiered circular catwalk; and SPACE Play Lives, an open virtual skyscraper.

Room 3, the "Cabinet of Design Play Curios", stages seven critical design projects to showcase how play enhances designers' speculative practice. Visitors can learn to appreciate the value of play and design as the exhibits address issues such as information and technology, environment, identity, and corporate culture, and witness how play can create a desirable future. In Room 4, the "Playroom", displays works created by local participants at 6 pre-exhibition "playshops" to illustrate how people interpret play in different ways. Finally, at the Toymaking Playbench in Room 4, visitors of all ages can create their own toys using components obtained from a capsule vending machine, such as PLA plastic clips manufactured onsite by a tabletop 3D printer (sponsored by beets3d.com).

Rolling Fun -- Community Playground: Explore the Tube & Wave Zone to Ignite Your Creativity

Invited by the curators of PLAY LIVES Exhibition , Making on Loft, a local social design and research team will present their commissioned work Rolling Fun -- Community Playground at the Public Open Space of 7 Mallory Street from 31 March to 11 April 2021. Comprising a Tube Zone, Wave Zone and Play Share Kiosk, the playground will open for free admission during the said period. During which, public visitors and residents in the neighbourhood can drop by anytime to play or to relax a little. With game instructions inside the tubes, "Tube Zone" suggests various ways of play from battle games to ball games. At "Play Share Kiosk", visitors can find simple playthings like balls and rackets for enjoying fun competition games. "Wave Zone" features wavy long wooden benches for resting, jogging or hosting remote-controlled car races. Visitors are also invited to design new ways to play and give suggestions on best uses of the playground. Later in April, Making on Loft will host a Design Festival at 7 Mallory Street, featuring a series of play experience workshops suitable for different ages. Details will be announced on our website in due course: https://www.designspectrum.hk/

Free Playshops and Guided Tours: Be a player now!

To reinforce the theme "PLAY LIVES" of the exhibition, Design Spectrum will also host a series of playshops, guided tours, and other activities during the exhibition period. Under the themes Shadow Art, Forbidden Fruit, Toymaking and more, the playshops encourage participants to incorporate play into their everyday lives and unleash their creativity. Besides, public guided tours are available to help visitors explore the Pop-up Showcase on the ground and third floors of 7 Mallory Street, to learn more about the exhibits' design concepts.

Further details of PLAY LIVES Exhibition & Event Information are available in the attachments. For reservations for public guided tours and playshops, please visit www.designspectrum.hk.

Attachment: Event Happenings of PLAY LIVES Exhibition

PLAY LIVES Exhibition

Date:

23 February to 30 April

Time:

10am to 7pm, Monday to Sunday

Location:

3/F, 7 Mallory Street, Wan Chai

Free Admission


Rolling Fun -- Community Playground by Making on Loft

Date:

31 March to 11 April

Time:

10am to 10pm, Monday to Sunday

Location:

Public Open Space, 7 Mallory Street, Wan Chai

Free Admission


*In light of the current COVID-19 situation and for the health and safety of participants, precautionary measures will be adopted for the PLAY LIVES Exhibition and its extended events, and the above schedule is subject to possible change or adjustment. For the latest updates, please visit the official website at https://www.designspectrum.hk/.

Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand Spur
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Daimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand SpurDaimler AG’s Market Cap Jumped by €9B YoY, BMW and Volkswagen Group Down by €8bn - Brand Spur