Automobiles

Investment Advice From Morgan Stanley

Worth keeping with car companies, people will need to upgrade to cars with ipod players eventually

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Morgan Stanley's Adam Jonas just made Ford his top pick in the auto sector.

"Ford is a levered play on US housing recovery and European restructuring with almost no earnings exposure to China," he wrote in a note to clients. "Underpinning it all is a radically improved product offering produced on common global architectures that hangs with the industry's very best."