May US auto sales were strong rising +26% to 1.3 million vehicles. Lower gas prices, the need to replace aging vehicles, easing credit and newer models contributed to these positive numbers.

US car manufacturers posted encouraging results for the month. Chrysler and Dodge were both up +30.0% percent from 2011, while Ford Motor Co recorded a gain of +12.6%. General Motors had its best month since August 2009 selling 245,256 units with a +10.9% gain.

The economic turmoil in Europe continued to drive auto sales down in May. The majority of countries posted declines, as Italy’s new car sales dropped -14.3% percent, Spanish car sales fell -38.7% percent, and sales in France decreased -16.7%. Germany took a -7% fall over the course of the month as well.

India’s auto makers reported disappointing numbers in May. Mahindra & Mahindra’s sales increased +28.2% in May, due mostly to de-mand for their diesel automobiles. Even with this growth, the company released a recent statement discussing concern for the short term economy. Maruti Suzuki India fell -5.0% and Tata Motors posted an increase of +4.0%. These results trace back to a recent excise tax hike and rising fuel costs.

Auto sales in Japan continued their recent success in May as the companies seem to have fully recovered from last year’s natural disaster. This growth has also been assisted by government incentives for fuel efficiency and American growth. Japan’s top three auto manufacturers posted large gains from last May as Toyota’s sales more than doubled, Honda’s grew +48.0% percent, and Nissan posted a +17.0 percent increase in all cars other than minivans. Kia and Hyundai have also reported positive gains, growing +21.0% and +8.0% respectively.

TRW Automotive Holdings Corporation reported record results for the first quarter of 2012 as net sales increased +2.4% to $4.2 billion from $4.1 billion and net income fell -26.7% to $206 million from $281 million in the first quarter of 2011.

Bayerische Motoren Werke AG first quarter 2012 sales rose +14.1% to €18.3 billion from €16 billion in the first quarter of 2011, while EBIT rose +18.8% to €2.1 billion over €1.8 billion.

Continental AG reported record net sales of €8.3 billion in the first quarter of 2012, which is a +13.3% increase from €7.3 billion in the first quarter of 2011. Net income increased +31.2% to €482.9 million from €368.2 million.

General Motors Co net income decreased -68.8% in the first quarter of 2012 to $1.0 billion from $3.2 billion in the corresponding period of 2011, while revenue rose +4.4% to $37.8 billion from $36.2 billion.

Fuji Heavy Industries Ltd net sales decreased -4.0% to 1.51 trillion yen in the fiscal year 2012 from 1.58 trillion in 2011, while net income fell -23.6% to 38.5 billion from 50.4 billion.

AUTOS ReportMonthly Report on the Global Automotive Industry

May 2012

TTM EPS

TTM P/E

TTM Div. Yield

Forward EPS

Forward P/E

Forward Div. Yield

Forecast Forecast

S&P 50098.97

S&P 50013.02

S&P 5002.21

Traffic Lights: Green indicates potentially stronger than S&P 500; Amber indicates neutral versus S&P 500;Red indicates potentially weaker than S&P 500.

Source: Bloomberg

Continued on back

Contacts:Richard Phillips 917-318-2221Lindsey Lachman 973-809-0435

Index Ticker: AUTOSETF Ticker: VROM

S&P 500108.14

S&P 50011.92

S&P 5002.41

S&P 500+9.26%

S&P 500+9.05%

AUTOS160.81

AUTOS9.26

AUTOS2.08

AUTOS195.01

AUTOS7.64

AUTOS2.75

AUTOS+21.27%

AUTOS+32.21%

Industry News

Index Fundamentals

Company Reports

Quick Link 15

Quick Link 3Quick Link 2Quick Link 1

Quick Link 6

Quick Link 7 Quick Link 8

Quick Link 9

Quick Link 5Quick Link 4

Quick Link 10

Quick Link 11

Quick Link 12

Quick Link 13

Quick Link 14

Company Reports (cont’d)

Toyota Motor Corporation net revenues decreased -2.2% in the fiscal year 2012 to 18.6 trillion yen from 19.0 trillion in 2011, while net income decreased -30.5% to 283.5 billion yen from 408.1 billion yen.

Bridgestone Corporation first quarter 2012 sales increased +3.1% to a record 726.2 billion yen from 704.3 billion yen, while net income increased +34.7% to 42.2 billion yen from 31.3 billion yen.

GS Yuasa Corporation sales revenue rose +4.7% in the first quarter of 2012 to 285.4 billion yen from 272.5 billion, while net income rose +0.1% to 11.73 billion from 11.72 billion in the first quarter of 2011.

Tesla Motors Inc first quarter 2012 sales revenue decreased -38.5% to $30.2 million from $49.0 million during the same period of 2011, while operating profit was down -45% to a loss of $89.9 million from a loss of $48.9 million.

Suzuki Motor Corporation revenues for the fiscal year ended March 31, 2012 fell -3.7% to 2.5 trillion yen from 2.6 trillion yen a year earlier, while net income increased +19.3% to 53.9 billion yen from 45.2 billion yen.

Isuzu Motors Ltd’s fiscal year 2012 sales decreased -1.1% to 1.40 trillion yen from 1.42 trillion yen in the same period of 2011, while net income rose +76.9% to 91.3 billion yen from 52.6 billion yen.

Pirelli & C reported an +11.1% increase in net sales to 1.6 billion euro in the first quarter of 2012 from 1.4 billion euro in 2011, while EBIT rose +46.1% to 209.4 million euro from 143.3 million euro.

Magna International Inc’s net income rose +6.5% to $343 million in the first quarter of 2012 from $322 million in the first quarter of 2011 and sales rose +6.6% to $ 7.7 billion from $7.2 billion.

Nissan Motor Co Ltd’s net sales for the fiscal year 2012 increased +7.2% to 9.4 trillion yen from 8.8 trillion yen, while net income rose +7.0% to 341.4 billion yen from 319.2 billion yen.

NSK Ltd’s fiscal year 2012 net sales rose +3.2% to 733.2 billion yen from 710.4 billion in 2011, while net income increased +9.2% to 28.5 billion yen from 26.1 billion yen.

Tata Motors Ltd’s net sales increased +35.6% to Rs. 165,655 crores in the fiscal year 2012 from Rs. 122,128 crores, while net profit in-creased +45.8% to Rs. 13,516 crores from Rs. 9,273 crores.

Quick Link 17

Quick Link 24

Quick Link 22

Quick Link 23

Quick Link 18

Quick Link 25

Quick Link 19

Quick Link 26

Quick Link 20

Quick Link 21

Quick Links

”Easier Credit, New Models Keep US Auto Sales Solid” http://www.businessweek.com/ap/2012-06/D9V4J2DG0.htm (accessed June 4, 2012).

”U.S. Auto Sales Rise Sharply in May; Analysts Cite Pent-Up Demand” http://www.latimes.com/business/money/la-fi-mo-ford-gm-chrysler-may-auto-sales-20120530,0,1265792.story (accessed June 4, 2012).

”Shiny Outlook for U.S. Car Sales in 2012 http://www.marketplace.org/topics/business/shiny-outlook-us-car-sales-2012 (accessed June 4, 2012).

“May 2012 Car Sales Sees Honda and Toyota Gaining Strong” http://automotivediscovery.com/may-2012-car-sales-sees-honda-and-toyota-gaining-strong/9213396/ (accessed June 4, 2012).

”US Auto Sales Strong in May” http://www.rawstory.com/rs/2012/06/01/u-s-auto-sales-strong-in-may/ (accessed June 4, 2012).

”Big Three Auto Sales Roar in May” http://articles.marketwatch.com/2012-06-01/industries/31939615_1_ken-czubay-sales-of-new-cars-michelle-krebs (ac-cessed June 4, 2012).

”German Car Sales Begin to Slip as Euro Worries Spread” http://www.reuters.com/article/2012/06/01/france-auto-sales-idUSL5E8H11V820120601?feedType=RSS&feedName=cyclicalConsumerGoodsSector (accessed June 4, 2012).

”Spain Car Sales Fall Eases in May” http://wardsauto.com/spain-car-sales-fall-eases-may-anfac (accessed May 4, 2012).

”India Car Makers Post Lackluster May Sales” http://www.reuters.com/article/2012/06/01/india-autos-idUSL4E8H13Z820120601 (accessed June 4, 2012).

”Korean, Japanese automakers post solid may sales. http://www.reuters.com/article/2012/06/01/hyundai-sales-idUSL4E8H10GM20120601 (accessed June 4, 2012).

“TRW Reports First Quarter 2012 Financial Results” http://files.shareholder.com/downloads/TRW/1907799871x0x564701/ece82a80-5940-41e2-8586-72c2add21e97/TRW_News_2012_5_1_General_Releases.pdf (accessed June 4, 2012).

”BMW Group Financial Reports” http://www.bmwgroup.com/bmwgroup_prod/e/nav/index.html?http://www.bmwgroup.com/bmwgroup_prod/e/0_0_www_bmwgroup_com/home/home.html (accessed June 4, 2012).

”Continental Financial Report” http://www.conti-online.com/generator/www/com/en/continental/portal/themes/ir/financial_reports/01_reports/download/q1_2012_en.pdf (accessed June 4, 2012).

1

2

3

4

5

6

7

8

9

10

11

12

13

Quick Link 16

Quick Links (cont’d)

GM Earnings Release” http://www.gm.com/company/investors/earning-releases.content_pages_news_us_en_2012_may_0503_1q_earnings.~content~gmcom~home~company~investors.html (accessed June 4, 2012).

”FHI Press Information” http://www.fhi.co.jp/english/ir/report/pdf/fr/2012/2012_4qf_review_e.pdf (accessed June 4, 2012).

”Toyata Motor Corporation Financial Summary FY2012” http://www.toyota-global.com/investors/financial_result/2012/pdf/q4/summary.pdf (accessed June 4, 2012).

”Bridgestone Consolidated Financial Statements” http://www.bridgestone.com/ir/library/result/pdf/e_h24_4_1_statements.pdf (accessed June 4th, 2012).

”GS Yuasa Financials” http://www.gs-yuasa.com/us/ir/pdf/ER20120531.pdf (accessed June 4, 2012).

”Tesla Motors Quarterly Report “ http://ir.teslamotors.com/secfiling.cfm?filingID=1193125-12-225825&CIK=1318605 (accessed June 4, 2012).

“Suzuki Financial Results for FY2011” http://www.globalsuzuki.com/corp_info/financialinfo/pdf/2011/financial_summary.pdf (accessed June 4, 2012).

”Izuzu Financial Summary: FY2012 Consolidated Results” http://www.isuzu.co.jp/world/investor/financial/pdf/con_ref2403e.pdf (accessed June 4, 2012).

”Pirelli Financials, March 31, 2012” http://www.pirelli.com/corporate/en/investors/cons_fin_data/default.html (accessed June 4, 2012).

”Manga International Inc. Financial Reports” http://www.magna.com/investors/financial-reports-public-filings/financialreports?rpt=quarterly (accessed June 4, 2012).

”Nissan Global Financials” http://www.nissan-global.com/EN/DOCUMENT/PDF/FINANCIAL/REFERENCE/CONSOLIDATION/2011/2011results_summary_967_e.pdf (accessed June 4, 2012).

”NSK Investors Documents” http://www.nsk.com/investors/pdf/documents/fy2011q4e.pdf (accessed June 4, 2012).

”Tata Motors 2012 Financials” http://www.tatamotors.com/investors/pdf/2012/business-Review-FY-11-12.pdf (accessed June 4, 2012).

14

15

16

17

18

19

20

21

22

23

24

25

26

This material has been prepared and/or issued by S-Network Global Indexes LLC and/or one of its consultants or affiliates. This document is for information purposes only and it should not be regarded as an offer to sell or as a solicitation of an offer to buy the securities or other instruments mentioned in it. The information, including any third party information, may not be accurate or complete in its entirety, and it should not be relied upon as such. S-Network Global Indexes LLC and/or its affiliates are not acting in a fiduciary capacity. The products mentioned herein may not be eligible for sale in some states or countries and may not be suitable for all investors. The potential yield created by these products may be adversely affected by exchange rates, interest rates, or other economic and political factors. An investor’s return may be less than the principle invested. S-Network Global Indexes LLC and/or its affiliates may now, in the past, or in the future make markets, or deal as principle in the securities or derivatives thereof, mentioned in the document. In addition, S-Network Global Indexes LLC, its shareholders, directors, officers, and/or employees and consultants, may from time to time hold a long or short position in these securities. This document may not be reproduced in any manner without the prior writ-ten authorization of S-Network Global Indexes LLC. Opinions expressed within reflect the opinions of S-Network Global Indexes LLC and the author/analyst and are subject to change without notice.

©2011 S-Network Global Indexes LLC., 267 Fifth Avenue, New York, NY 10016. “S-Network Global Automotive Index” is a service mark of S-Network Global Indexes, LLC.