While economic recovery has been gradual in the US for automakers, theres another sign a solid foundation is being set. Automaker stock prices have been strong and are expected to see solid performance in the fourth quarter.
General Motors and Ford have seen big stock price increases; Tesla Motors has seen share prices hit unbelievable high levels, though that has softened since its battery fire story broke.
GM has been benefiting as seeing more of its federal loan being paid off recently.
For the rest of this year, investment analyst firm Zacks expects automotive stock value to continue seeing strength in the fourth quarter. It should be one of the very best sectors for stock investors.
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