Paradise by the dashboard light? Ford (F), General Motors (GM) and Fiat Chrysler (FCAU) have all reported solid sales lately. But there's a safer way to profit from Wall Street's latest love affair with the car.
Canada's Magna International (MGA) is a leading auto parts supplier to Detroit's Big Three ... as well as electric car maker Tesla (TSLA).
Magna was actually one of several parts makers to pop up on our screen. BorgWarner (BWA) and Lear (LEA) did too.
But Magna's shares are cheaper than those two and the company also has the lowest debt load. Its earnings are expected to grow at a faster rate this year as well. Vroom vroom!
