- Reports of GM talking to PSA Group about a potential sale of its European business could have a ripple effect with supplies. While consolidation could strengthen the overall European automobile industry, suppliers might be pressured on pricing amid a rationalization push. Goldman Sachs warns on Valeo (OTCPK:VLEEF, OTCPK:VLEEY) and Durr (OTCPK:DURYY) in particular, while other auto parts makers could be in the mix if M&A activity heats up more broadly (source :Bloomberg).
- Related auto parts stocks: ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, OTC:FENX, GNTX, JCI, LDL, LEA, LKQ, MBLY, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, SRI, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX.
- Previously: Fiat breaks higher as industry consolidation talk heats up (Feb. 14)
- Previously: GM in talks to sell European business (Feb. 14)