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Subaru CorpFUJHY-5COMMENTJun 09, 2017Stock price when the opinion was issued
Tariff ambiguity is going to be there for the foreseeable future. Tariffs will bring more assembly infrastructure into the US. Automakers as a whole are not attractive businesses, but Toyota is arguably the best of the bunch.
Subaru is actually far cheaper than Toyota, and tapped into the Toyota supply chain. (Toyota owns 10% of Subaru.)
He has exited the auto sector. They are in the midst of a huge technological change. It is not just electric cars, it is the way we are going to transport people. The biggest companies in the world are working on these driverless cars. If we go that way, these car companies are going to have headwinds for a long time. The only car company he owns is Tata Motors (TTM-N) in India.