The U.S. auto industry’s first-quarter earnings report season is setting up to be a drab show. Sales weakened in two of the first three months of 2019 on a year-over-year basis, while production also decelerated globally amid a slowdown in China.

“Similar to what we’ve seen over the past several quarters, the set up for first quarter appears to be challenging for autos,” UBS analyst Colin Langan wrote in a note to clients. While he lowered his earnings estimates for the group by 7 percent on average, the analyst predicted “small beats” for both Ford Motor Co. and General Motors.

Read Article

Investors Brace As Ford And GM Prepare To Release Quarterly Earnings

About the Author