Mr. Dyer: I cover three auto-related companies - Gentex, Ford and Amerigon.
TWST: How is the transportation industry doing?
Mr. Dyer: The auto industry, primarily in the U.S., is recovering from a hundred-year flood so to speak. For the 10 or so years before 2008, we sold 16 million or 17 million light vehicles a year. And then we went to a nine-ish rate in a relatively short period of time. So we are on the mend from that. We are back to selling in the 11 million-vehicle range. I think a lot of the questions at this point are about how long it takes us to get back at least to a normalized rate, and what that new normalized rate looks like.
TWST: How much of a recovery are we going to see this year?
Mr. Dyer: We think in North America, we'll sell about 12 million cars this year. So still well off the norm but a nice recovery from the bottom as well.
Tickers included in this excerpt: ARGN, DAI, F, GM, GNTX, TM
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