Munich is specializes in the design, construction and distribution of middle and high-end cars. Net sales break down by activity as follows: - sale of cars (77%); - sales financing services (21.1%); - sale of motorcycles (1.9%): Early 2025, the group had 31 production sites around the world. The geographic breakdown of turnover is as follows: Germany (15%), Europe (29.2%), China (16.1%), Asia (10.7%), United States (21.8%), America (4%) and others (3.2%). Munich has more than 130,000 employees early 2020¹. 

Whether we like BMW drivers or not, everyone knows the Bavarian group. What lends to its weighting is the quality of German automotive industry. For pay clear attention to Munich shares, it is necessary to bring together objective elements that convince the reason. Alle Guten, alle Bösen. Folgen ihrer Rosenspur. Küsse gab sie uns und Reben... As well, Ode to Joy should be heard since March 20, 2020 events ? In other words, public health policy and judicial literature should be observed in order to reduce speculative uncertainties.

First, decisions of the judge are binding on legal persons, some of whom have the capacity to reduce the performance of securities and therefore, on their stock exchange weighting. So legal literature is a way to understand what is happening in order to better anticipate the future. In this concern, on July 8, 2021, the antitrust European judge sanctioned¹ a fine of almost 1 Billion, Munich and VW. The transaction does not refer to an exclusion from European tenders. Munich’s performance should not be diminished for shareholders. For the speculator, no dispute is to be raised¹ by the German and US Supreme Courts. Nevertheless, US SEC has already concluded¹ a $18 million transaction with Munich in 2020 for violation of antifraud provisions. In January 2017, Rolls Royce have been involved¹ in a deferred prosecution agreement and a half billion £ of fine by SFO. It results from the conjunction of the transactions with the European and American judges, that a new identical forfeiture would constitute a reiteration. It would be an aggravation that could revert to a conviction that has become final. This risk is not present in other equivalent automobile manufacturers such as General motors. This difference can be retained during the speculation process and play in favour of an underweight Munich. Now we can look at the effect of public health policy on the group.

Secondly, public health politics is necessary for the activities of the private sector. This has an impact not only on production but also on the sale of vehicles (ie.ship shortage). Thus, the markets are keen to define Munich’s stability in the face of new outbreaks. The propeller brand mainly derives its revenues from vehicle sales in Europe and Asia. This two continents do not address health data in the same way, which reflects a purely speculative reading of the future. Nevertheless, we know that the announcement of health measures lost half the value of the security in 1 day with a return to the initial weighting in 3 Quarters. We also know that the pandemic is not a generator of work¹² in the automotive sector or, rather, the precariousness of employment and the disappearance of dealers. It can be seen that manufacturers have diversified activities subsidized by the state knowledge a better rebound. Typically Tesla. This is the case of Munich with Rolls-Royce aerospace ( joint venture with Lockheed-Martin ). However, civil traffic does not double its growth every 15 years. Thus, the elements of conviction point only modestly towards stable results in case of continuity or epidemic worsening.

For all these reasons,

Munich deserves a middle upper confidence.