Stuck in neutral: How cyclical pressure and the spectre of disruption have auto stocks going nowhere
Quote1: ““The problem with auto stocks is that no matter how good they are in terms of operations, the quality of management, the capital allocation to shareholders, once the downturn hits or there’s fear of a downturn coming, the stocks get slammed,” Morningstar analyst David Whiston said in an interview.”
Quote2: “The 100-year-old auto industry business model is facing unprecedented technological disruption, starting with the very definition of the market itself — moving from ‘millions of units sold’ to ‘a trillion miles travelled’ annually,” Morgan Stanley analyst Adam Jonas wrote in a recent note.”
