This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0K08U_M.jpg
Meanwhile, a global semiconductor chip shortage has made consumer vehicles pricier, thanks to rising demand. However, the auto industry is well-positioned to grow with the gradual resolution of the chip shortage. Chipmakers have pledged more than $700 billion to expand production capacities over the next decade. And the automotive industry is expected to grow at a 4.5% CAGR between 2021 – 2028.
Given this backdrop, we think auto manufacturing stocks of Daimler AG (DE:DAIGn) (DDAIF), Suzuki Motor Corporation (SZKMY), and Isuzu Motors Limited (ISUZY) could be no-brainer bets because of their solid fundamentals and growth prospects. These stocks are rated ‘Strong Buy’ in our proprietary rating system.
