Of course, it should not be forgotten that the above scenario has already been widely anticipated by the financial markets in the past months. The declines in automakers' stocks are there to prove it, and given current prices, in a well-diversified portfolio, therefore, stocks or bonds in this sector may well find room.
In fact, it should be remembered that there are automakers that have shown solidity despite difficult times. Stellantis, for example, reported better-than-expected quarterly results in the first quarter of 2022, with revenues up 12 percent, following higher prices and a smaller-than-expected drop in sales volumes. For 2022, the company reaffirmed previous guidance and said it expects 100 percent revenue growth by 2030, with more than 20 billion euros in cash flow.
Among U.S. automakers, on the other hand, General Motors has improved its operational capacity and profitability by investing heavily in electric and autonomous vehicles and now benefits from a demand for vehicles that, at least overseas, will outstrip supply through the end of 2022, supporting its ability to price and pass on rising commodity costs to consumers.
Also in the United States, the restructuring story of Ford Motor should be noted, which is gaining ground and has good liquidity to finance its product plans and reposition its core automotive business in the various regions in which it operates. Despite the delicate moment, in short, the automotive sector retains valuable corporate stories.