Building on the Investor primer to scenario analysis, and the first application of the method on utilities, this report describes two climate scenarios for the automotive sector, in particular for VW, BMW, and Daimler. The report demonstrates the implications for these companies’ valuations in using two exemplary strategic choices. Insights are provided in company engagement and financial performance with their regional and technology contributors. Read all reports in this series at http://co-firm.com/en/publikationen/.