Why Auto Parts Stocks Are a Must-Buy for 2022
It's been a difficult few years for the auto industry. Global light vehicle production declined from 2017 to 2020, and the bounce in 2021 was restrained due to the ongoing pandemic and severe supply chain shortages. However, all this is setting up a scenario where production can grow on a multiyear basis.
In particular, auto parts companies with exposure to faster-growth hybrid and electric vehicles (EV) like Autoliv (NYSE: ALV) and Magna International (NYSE: MGA) can do well. Here's why.
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Source Fool.com