News out today includes auto sales from Mexico and China for GM that doesn’t change the cautious tone around the stock.
GM is a member of the Emerging Money Global EM Index (EMEGI) and remains well positioned globally but has been a big underperformer this year compared to other equally well positioned global players.
Sales at Jaguar Land Rover continue to drive the top line as F-TYPE Convertible and Range Rover sales are showing no signs of slowing.
Tata remains in a sweet spot as a global luxury brand that has buyers from all over the world looking keeping growth high.
Tata gets 23% of its sales from India, 23% from China, and another 19% from the rest of the world after you back out 32% from US, UK and EU.