Optimistic outlook lifts auto parts sector

Newswire

By Susan Kelly CHICAGO, April 22 (Reuters) - Investors are looking beyond slower U.S. vehicle production in the second quarter and buying shares of auto parts makers, betting an economic recovery will set the stage for a rebound in auto sales, analysts said on Tuesday. With the second week of earnings season well under way, most auto parts suppliers have reported solid first-quarter results that met expectations while slashing second-quarter profit forecasts to reflect planned production ...

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