Stuttgart Net sales break down by activity as follows: - sale of vehicles (83.2%), - financial services (16.8%). The geographic breakdown of sales is as follows: Germany (16.8%), Europe (23.7%), United States (23.5%), North America (2.9%), China (16.5%), Asia (11.8%) and others (4.8%). Early 2025, the volume of employees was less than 166k people¹.

Bismarck postulates that politics is not an exact science as professors imagine it, but an art. 2020 crisis Stuttgart's management policy is not an exact science, as the management board argues, but an art. The control of cash flow and the application of health measures would explain, according to the group's declarations, the limitation of losses in fiscal year 2020 and made it possible to prepare for the electrical transition. However, the investors who protects their interests wants figure out what happens in order to keep or resell their shares. To speculate on a future that has not yet occurred, the shareholder takes a keen look at the objective decision-making elements, reducing uncertainties. Therefore, only past events and the state of current knowledge are certain and it is necessary to contextualize in law and medicine the scission positions adopted¹ by Stuttgart to determine if they can be successful.

First of all, health measures are imposed on the forecast performance of Stuttgart since March 20, 2020, when the title fell by 50% ( See Above scheme ). The governance expects that the market now question the probabilities of seeing such a fall again, in the case of a new epidemic. Therefore, Stuttgart is worried about controlling its debts and guaranteeing its income. Also, it was reduced the expenditure related¹² to the wage volume and than, to the quantitatively binding volume of health measures. In addition, the R&D engineering redistributes the budget allocated to thermal engines towards the 100% electric engine - including for the G class flagship - which is consistent with European directives¹ on the decarbonization of the automotive industry. As Stuttgart, unlike Tesla, has few experience in the field, income guarantee is less visible than before. Short-term balance is ensured by the cash flow of the company which is based on the amortization of a $ 4 billion loan financed in particular by its so-called essential activities such as freight and buses. A new prolonged outbreak is likely to undermine the integrity of Stuttgart's research, competitiveness of its personal land vehicles and consequently, its debt ration. It is possible to deduce from this that the health component does not seem in favor of the Stuttgart title. The legal aspect should be addressed.

Primary intrication¹

July 2021, European anti-trust judge controlled¹ Stuttgart
Stuttgart is partly owned¹² by Princeton and Amsterdam
Stuttgart invest¹²³ Aston Martin,Volocopter and Bosch
BMW and the group stopped¹ partnership about self-driving car

Secondary

Chase is in charge of bank operation¹ in US

In the second place, the decisions of judge impose themselves as limit to the output of the private sector in that they determine its attitude of legality. A sanction definitively pronounced against a company introduced on the stock exchange can cause the wilting of stock market products. This damage leads to the underweighting of the title and aggregates to the sanction spectrum itself which can be of a varied nature: fine, ban on public contracts or even, prison. In the event of excessive debts, the banks no longer support new loans, the securities produce even less income. This is why, in the light of unprecedented events, the legal news of Stuttgart interests investors to speculate judiciously on the future. US supreme court is docket¹ a few disputes with no real impact on the future of the company. Better, Daimler AG vs Bauman case¹ has advanced the concept of foreignness for foreign companies established in USA. On the other hand, the judge of the European commission concluded a legal transaction with Stuttgart for coalition with Wolkswagen and BMW. Although no fine was imposed, the similar de facto commission amounted to recidivism, which constitutes an aggravation. In an era where autonomous vehicles and engines constitute a paradigm, many partnerships are being formed between manufacturers and the limit of legality becomes more and more significant. It is possible to deduce from this that the Dieselgate constitutes the dodger of a new legal arsenal available to the anti-competitive strategies of vehicle manufacturers - Airbus vs Boeing. The combination of the effects of the epidemic with regard to legal transactions lifts the thin veil of certainties which rests on the legacy of Stuttgart and leaves the CEO's ambitions and CLO's compliance program exposed¹ to the public opinion.

For these reasons,

Stuttgart deserves a middle high confidence.