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Today's auto industry reality: Business is booming, profits are strong, but investors are...
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Friday, May 4, 2012, 5:50 PM ETToday's auto industry reality: Business is booming, profits are strong, but investors are indifferent. They want to see losses in Europe ending soon - not likely - and expanding margins. GM and Ford (F) are each down ~30% YTD; parts suppliers JCI and LEA aren't a lot better. An exception: Borg Warner (BWA), which has skied ~147% in three years.
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GM, YTD rate of return 10.3%
F, YTD, 0.9%
the turbocharger business?