NEW YORK, June 12, 2000 (PRIMEZONE) -- Four leading analysts and top management from ten sector firms examine the Automobile & Auto Parts Industry sector in the latest issue of The Wall Street Transcript (212/952-7433) or http://www.twst.com/info/info109.htm
In a vital review of this sector for investors and industry professionals, this valuable 77-page Special Issue features:
1) Automobile & Auto Parts Industry - In an in-depth (11,000 words) Analyst Roundtable, David Garrity, Head of Global Automotive Research with Dresdner Kleinwort Benson North America, David Leiker, First Vice President at Robert W. Baird & Co., and Matthew Stover, a Director at Salomon Smith Barney, examine the outlook for the sector, the ongoing consolidation, discuss the interest rate environment, industry trends, and share specific stock recommendations.
Stover explains his segmentation of the market. "We generally look at the industry in four buckets - the vehicle manufacturers (VMs), the OEM parts manufacturers (OEs), the aftermarket parts manufacturers (A/M) and the aftermarket parts distributors (distributors). As it relates to performance, the last year and a half has been difficult across the industry. The stocks of each sector have underperformed the market without exception. I believe the other speakers hit a number of the points negatively affecting the industry."
Speaking about General Motors (NYSE:GM) and the 20% stake they took in Fiat's (NYSE:FIA) automotive business, Garrity explains: "As part of that transaction GM and Fiat have agreed to form a joint venture to build engines and transmissions for both the European as well as Latin American operation. The actual structure of this joint venture hasn't been finalized - it was discussed initially as being a 50/50 joint venture but it could be structured differently."
This 77-page Automobile & Auto Parts Issue also features:
2) Outlook for Auto Manufacturers - In an in-depth (4,200 words) Analyst Interview, Michael Bruynesteyn, Senior Automotive Analyst with Prudential Securities, discusses the outlook for the sector, including demand-side issues, product development, consolidation, and shares specific stock recommendations.
3) CEO interviews (average 3,400 words). Top management of ten sector firms examine the outlook for their firm and the sector. Firms include:
Bolder Technologies, Environmental Solutions Worldwide, ASC Exterior Technologies, Cragar Industries, Delphi Automotive Systems, Edelbrock, Harvard Industries, Ocean Bio-Chem, Sonic Automotive, Ugly Duckling.
To obtain a copy of this 77-page Automobile & Auto Parts issue, call (212) 952-7433 or see http://www.twst.com/info/info109.htm The Wall Street Transcript is a premier weekly investment publication interviewing market professionals for serious investors for over 37 years.
The Wall Street Transcript has launched a new free service where investors can ask any of the above companies (or any public company) a question at http://www.qawire.com
The Wall Street Transcript does not endorse the views of any interviewee nor does it make stock recommendations.