Tuesday, October 20, 2020
Home Business Energy transfer by GM seen disrupting auto provider sector (NYSE:AXL)

Energy transfer by GM seen disrupting auto provider sector (NYSE:AXL)

The formidable plan by Basic Motors to construct out its personal EV drive system may have a damaging on sure suppliers.

Deutsche Financial institution analyst Emmanuel Rosner warns that American Axle & Manufacturing Holdings (AXL -3.2%), BorgWarner (BWA +1.5%), Magna Worldwide (MGA -0.2%), and Delphi Applied sciences (DLPH +1.4%) would possibly all face new competitors down the street from GM itself as a provider within the EV business.

American Axle is alleged to have essentially the most income publicity to GM, with 40% of its annual gross sales coming from the Detroit automaker.

Dig deeper: GM introduces Ultium Drive as lynchpin of EV future


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