auto

3 Top Auto Stocks to Buy and Hold for the Long Haul

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
Read More

Auto industry bets big on tech as 2022 promises green shoots






© Provided by The Financial Express


By: Aakash Minda, Executive Director, Group Finance & Strategy, Minda Corporation

Industry and the government walk as partners in the story of development. Upholding this very sentiment, the government presented a story of growth in its Union Budget for FY23, with a slew of measures and plans to push industrial growth in India, giving it the edge to walk tall among global economies. The year 2022 stands at the precipice of change for the entire automotive industry across the globe, with disruption visible across quarters. The India picture in this is one of technological and infrastructure growth. 

As the industry looks to move beyond the impact of COVID-19, some concerns remain over subsequent mutations of the virus, along with the ongoing shortage of semiconductors, and fluctuating input costs. The positives, however, outweigh the negatives as we look at the year with cautious optimism. 

D2C

Read More

12 Auto Industry Founders Every Car Fan Should Know

As the automotive industry enters a transitional phase in its history, beginning the adoption of the electric car and other innovations, it’s worth noting who got us to where we are today.

From pioneering the invention of the internal combustion engine, to the streamlining of the production process, to capturing wide open markets, the history of the field is filled with engineers and capitalizing industrialists.

Here’s a primer on 10 of the founders of today’s biggest automakers.

Henry Ford

Henry Ford
Henry Ford next to his dominant Ford Model T.
Ford Motor Company

Though born on a Michigan farm in 1863, Henry Ford wanted nothing to do with farm life. He began tinkering with watches, working his way up to steam engines as an apprentice machinist. He got his engineering start at the Edison Illuminating Company of Detroit and was appointed Chief Engineer in 1893. He left the company in 1899.

Convinced

Read More

‘American Auto’ finds laughs in the crises of a Motor City carmaker

Jon Barinholtz has a few pertinent thoughts about the state of the U.S. automotive industry.

“There definitely is a scramble right now to figure out what is the next thing. It feels like you’re constantly on the brink of what could be the next big innovation,” he says. “It makes for maybe, in reality, a very hectic and anxious workplace.”

But as fodder for a sitcom, the corporate side of Motor City carmakers “makes for really entertaining viewing,” says Barinholtz, who stars on the new NBC series “American Auto.”

Now it’s time to see whether viewers agree. “American Auto,” which aired two episodes in December as a sneak peek, officially premieres in its regular time slot at 8 p.m. Tuesday.

Set — but not filmed — in Detroit, the comedy explores the day-to-day catastrophes of Payne Motors, a fictional 100-year-old car company that’s struggling to stay afloat at a time

Read More