Now that Q2 earnings season has drawn to a close for the auto industry, Credit Suisse analyst Dan Galves released a new report recapping the quarter and updating the firm’s outlook for the industry.

Despite worries about China, Galves sees several reasons for auto investors to remain optimistic.

Q2 Trends

Overall, Q2 was a strong quarter for the auto industry.

For the fourth consecutive quarter, supplier EBIT outperformed expectations, and Galves notes that stronger European production schedules in the second half of the year could continue to drive outperformance.

Reasons For Optimism

According to the report, there are…

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