Today's auto industry reality: Business is booming, profits are strong, but investors are...

|By:, SA News Editor
Today'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.