Deutsche Bank Publishes Quarterly Autos Update
In the report, Deutsche Bank writes, “While there are growing concerns regarding the intermediate term outlooks in several key regions, we expect our companies to maintain a cautiously positive tone in their quarterly earnings commentary, given relatively robust current sales and order trends (so far) across the globe. Overall, we remain comfortable with the North American Auto Demand, Pricing, and Mix assumptions underpinning our U.S. Automaker and Supplier models, but we remain somewhat less optimistic regarding the outlook outside of North America”.
Companies included the Deutsche Bank report are: Ford Motor (NYSE: F), General Motors (NYSE: GM), Autoliv (NYSE: ALV), American Axel (NYSE: AXL), BorgWarner (NYSE: BWA), Dana Corp. (NYSE: DAN), Lear Corp. (NYSE: LEA), Magna International (NYSE: MGA), Tenneco (NYSE: TEN), TRW Automotive (NYSE: TRW)
