Now that automotive-industry companies Goodyear ( GT 2.11% ), Magna International ( MGA 3.62% ), and Autoliv ( ALV 1.15% ) have released their fourth-quarter earnings, investors can reassess their growth prospects for 2022 and beyond, and determine if they look like good values. In all three cases, I think the answer to this question is “yes” — investors looking for auto industry exposure should find these companies’ stocks attractive.
There are three main arguments in favor of picking up these stocks:
- After a challenging few years that featured slowing production of light vehicles globally, followed by the pandemic and a chip shortage that further hindered manufacturing, automakers are set to increase production over the next several years as these issues ease.
- Although light vehicle production should grow in the low single-digit percentages after the recovery period, the transition to electric vehicles (EV) offers significant growth prospects for