- Auto suppliers Federal-Mogul Holdings (FDML +11.1%), Motorcar Parts of America (MPAA +6.2%), Gentherm (THRM +5%), Meritor (MTOR +4.3%), and Stonebridge (SRI +2.8%) are all showing outsized gains on the day, despite global stock market declines. The sector has been off to a volatile start this year.
- Tire stocks Goodyear Tire & Rubber (GT +2.2%) and Cooper Tire & Rubber (CTB +0.7%) are also in solid shape today.
- Though some forecasts call for automobile sales growth to slow in China and the U.S. this year, strong demand from Europe is making up for some of the slack.
- Previously: European automobile market stays on promising track (Jan. 18 2016)