Fiat Chrysler Automobiles NV (FCAU)

Chrysler went bankrupt, but Fiat was able to come in and pick up the North American manufacturing/distribution and has been doing well. Italian car companies seem to be in favour at present. He would prefer auto part manufacturers such as Linamar (LNR-T) or Magna (MG-T). We are back to where auto sales are at a 10 year high.

The guy at Fiat has done a good job. He would buy F-N if you had to be in this industry. It is a better company to own. Better growth in the Asian market, and they have some really good products. He does not like the industry as they have a lot of tail winds. Unless Europe turns around you aren’t going to see the growth. He doesn’t follow auto parts manufacturers that well, but they deal with everybody so it is not the same issues.