J.P._摩根-美股-汽车行业-美国汽车行业状况研究-2019.9-76页_2mb.pdf

用户上传 更多免费报告请查看研报客 North America Equity Research September 2019 State of the Auto Industry Thoughts on GM-UAW Strike, Oil Price Spike, Increased US-China Trade Tensions; Takeaways from 2019 J.P. Morgan Auto Conference; SAH Upgrade to Neutral US Autos – Equity US Autos – Equity Ryan Brinkman AC Rajat Gupta AC 212-622-6581 212-622-6382 ryan.j.brinkman@ rajat.gupta@ J.P. Morgan Securities LLC J.P. Morgan Securities LLC Bloomberg JPMA BRINKMAN GO Bloomberg JPMA GUPTA GO See the end pages of this presentation for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. 1 用户上传 更多免费报告请查看研报客 Agenda Page 1 Macro Update 03 Thoughts on UAW Strike at General Motors: Barring Unexpectedly Long Stoppage, the 26 Contract Is What’s Key — Not the Strike Updated Thoughts on Tariffs: Ford (and to a les