Proceed with caution in the auto industry, analyst says

Emmanuel Rosner News

Proceed with caution in the auto industry, analyst says
Auto Industry,Julie Hyman,General Motors

After General Motors (GM) and Hyundai (HYMTF) announced a joint agreement to explore clean energy technologies and other automotive advancements, Wolfe...

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a joint agreement to explore clean energy technologies and other automotive advancements, Wolfe Research managing director and senior research analyst Emmanuel Rosner joins Market Domination hosts

“There are some real unprecedented structural challenges for the industry,” Rosner says, explaining that “megatrends” in the space, like electrification, autonomous driving, and software adoption, are “taking significantly longer to play out” than initially expected. “Automakers have been making massive investments” into these trends but are yet to see the payoff as monetization is “taking significantly longer.”

Rosner notes that"massive market share shifts” also affect the auto industry as “there have been some winners in electrification,” namely Tesla — The Justice Department is preparing criminal charges in connection with an Iranian hack that targeted Donald Trump's presidential campaign, two people familiar with the matter said Thursday.Not everyone can say exhibits at the National Aquarium are part of their office, but Jennie Janssen can.

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