Auto Warranties Links


Blog Features

Subscribe Google Reader or Homepage Add to My Yahoo! Subscribe in NewsGator Online Windows Live

Global Auto Industry is Healthy

The Sky is not falling in the global auto industry

auto warrantiesAt this moment in time, the American auto Industry looks really bleak. However, that’s not the case everywhere.

Daniel Pool, adviser to National City Corp., insists the global auto industry is actually thriving.

"If you look past Ford, General Motors and Delphi, you will find that the global auto industry is healthy and there are success stories to be found here in Michigan and elsewhere," Poole said.

National City maintains strong investments in such auto suppliers as Auburn Hills-based BorgWarner and Milwaukee-based Johnson Controls Inc., said Poole, assistant director of equity research for the financial holding company in Evansville, Ind.

"You have to look for companies that are responding well to technological change and rapid global growth," Poole said.

Good news about the auto industry comes as a suprise to most Americans, because; it is very hard to see past all of the lay-offs and chapter 11 bankruptcies that have taken place in the past few years.

Poole, however, was not oblivious to the problem in America, he just wanted his investors to understand the automotive world is not coming to an end and that companies will eventually pull out of this slump. Poole does predict that there will be a few more major bankruptcies in the next 11 to 18 months. 

See Also

Relevant Tags: , , , , , ,
Posted on Wednesday, March 29th, 2006 at 7:14 am In Auto Warranty  

Fax 1-800-615-0366