U.S. auto sales may boost global names

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Look to see tomorrow’s U.S. car sales numbers turn into good news for foreign manufacturers with real global reach as well as the equally globally oriented domestic names. 

As you know, we are avid observers (and occasional buyers) of the global auto trade, especially the European manufacturers that are now moving into emerging markets in a huge way.

If the U.S. numbers come in as expected — somewhere around 11.5 million cars last year, or about 10.5% growth over the last 12 months — then expect to see the big players surge.

GM and Ford (F) are in better shape now than they have been in years, while Toyota (TM) seems ready to slip to No. 3 in the huge U.S. car market.

Other than Toyota, all the majors are selling a lot more cars into the United States, so this can easily translate into a big day ahead for Fiat (FIATY) — huge in Brazil — Daimler (DDAIF) and Volkswagen (VLKAY), which is huge in Russia.

 



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , International , Stocks

Referenced Stocks: GM , TM

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