There have been a lot of potentially market-moving developments in the auto industry lately. Here’s a rundown of three particular developments have captured the attention of auto investors.
The Chinese stock market has been all over the place lately, and there have been mixed reports on the underlying strength and stability of the Chinese economy. Shares of General Motors Company GM 0.13% surged last Thursday when the company produced a Q2 earnings beat. However, CFO Chuck Stevens reaffirmed the company’s commitment to investing $14 billion in new vehicles and facilities in China over the next several years.
According to Jack Nerad, executive editorial director for Kelley Blue Book’s KBB.com, the long-term opportunity that China presents should outweigh near-term concerns about the Chinese market. “Even in a downturn, China still represents a giant opportunity,” Nerad told Benzinga, adding that GM is well positioned for success in the emerging market.
Over the weekend, Fiat Chrysler Automobiles NV FCAU 7.3% was…
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