Automotive Supply Chains

Components Performance/Risk
Period Return
-3.5%
Return Rank
Subpar
Risk Exposure
Above Average

European automotive suppliers provide more jobs (1.4 million) than the carmakers themselves (1.2 million) and projections of job redundancies in legacy internal combustion engines (ICE) production will reverberate across the industry worldwide

Building a diesel power-train system needs 10 times more workers than manufacturing an electric one will require

The European Association of Automotive Suppliers estimates that 501,000 auto supplier jobs in Internal Combustion Engine (ICE) powertrain components production are expected to become obsolete in Europe if technology is phased-out by 2035

The same study projects 226.000  new - and presumably very different - jobs in EV powertrain production (including EU battery production plans)

The challenges confronting the automotive supply chains gobally have not made the front pages yet... but, with the obliteration of the internal combustion technology, risks are existential

Theme Components
Name
Ticker
Sector
Industry
Cur. Price
Mkt. Cap
Performance
Momentum
Risk Rank
Risk Contrib
 
STRATTEC Security STRT Consumer DurablesAuto Parts & Tires62.73262 M2.2% Sharp Down Above Average
Goodyear Tire & Rubber Co. GT Consumer DurablesAuto Parts & Tires4.291.2 B-37.7% Sharp Down Above Average
Michelin (ADR) MGDDY Consumer DurablesAuto Parts & Tires17.71-11.2% Weak Down Low Risk
Magna International MGA Consumer DurablesAuto Manufacturing63.8218 B41.9% Neutral Average Risk
BorgWarner BWA Industrial GoodsAutomobile Subcontractors - Car Parts51.6311 B22.9% Sharp Down Average Risk
Aptiv APTV Industrial GoodsAutomobile Subcontractors - Car Parts43.939.3 B-36.6% Neutral Average Risk
Aisin (ADR) ASEKY Industrial GoodsAutomobile Subcontractors - Car Parts13.68--29.5% Neutral Below Average
Continental (ADR) CTTAY Industrial GoodsAutomobile Subcontractors - Car Parts7.44--3.0% Neutral Below Average
Denso Corp (ADR) DNZOY Industrial GoodsAutomobile Subcontractors - Car Parts11.69--16.5% Weak Down Below Average
Valeo (ADR) VLEEY Industrial GoodsAutomobile Subcontractors - Car Parts6.16--8.2% Sharp Down Above Average
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