Ford Has Run Out Of Places To Go

Failure to gain traction in China, the EU and the US leaves global automakers 'painted into a corner', materially constraining addressable markets and growth. This structural shortfall raises downside risk to revenues and market share for companies without footholds in those three regions and represents a sector-level headwind that could pressure individual stocks by ~1-3%.

Analysis

Failure to gain traction in China, the EU and the US leaves global automakers 'painted into a corner', materially constraining addressable markets and growth. This structural shortfall raises downside risk to revenues and market share for companies without footholds in those three regions and represents a sector-level headwind that could pressure individual stocks by ~1-3%.