Ford Motor Company (F), General Motors Company (GM), Toyota Motor Corporation (ADR) (TM):The Driving Boom is Over

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Second, automakers will have to search for growth in faster growing emerging markets like China.

For manufacturers, this is being accomplished with some success. Last month, General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), and Toyota Motor Corporation (ADR) (NYSE:TM) reported 9.4%, 45%, and 9% respective year-over-year gains in Chinese sales.

Today, Asia accounts for 10% and 7.6% of General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F)’s revenues, respectively. However, investors will need to be wary of lower margins as China takes a larger share of sales.

Foolish bottom line

No doubt Americans are driving less. And while this presents a major hurdle for auto manufactures, it appears Detroit and Tokyo executives have spotted these developments and are taking steps to address them.

Robert Baillieul has no position in any stocks mentioned. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

The article The Driving Boom is Over originally appeared on Fool.com.

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