ed this year, hurt by Ford's disappointing fourth-quarter results and worries that a surge in oil prices may curb spending on new vehicles.
Rising commodity prices could also increase the cost of building vehicles and pose a challenge to GM as it readies a new lineup of cars in the next two years.
"Maybe the turnaround story is over and the reality is Ford
black christian louboutin heels as well as Barwa Commercial Avenue, GM and Chrysler are now in an industry that has enormous competition and the stakes are very high
christian louboutin glittered platform pump black ," said Bernie McGinn of McGinn Investment Management, which owns Ford shares.
GM stock faces additional pressure as the U.S. government gears up to sell its remaining one-third stake in the company
christian louboutin glittered platform pump black , analysts said.
But Mirko Mikelic
christian louboutin glittered platform pump black , senior portfolio manager at Fifth Third Asset Management, said the recent drop in the share price was "short-term" and a function of a technical pullback after a run-up in the U.S. stock market last year.
"We had a series of a month or two with just everything going up," Mikelic said. "The recovery is slowly taking hold and you don't want asset prices to get ahead of themselves."
(Editing by Aaron Pressman and John Wallace)
Deals
"Just one word ... plastics."
That well-known line from the classic 1967 movie "The Graduate" may sum up the recent investment strategy of some top hedge fund managers, including James Dinan and David Einhorn.
A wave of managers snapped up shares of LyondellBasell Industries, which makes chemicals like propylene and polyethylene
christian louboutin glittered platform pump black , the stuff that goes into plastics.
The popularity of plastics and raw materials signals that hedge funds are diversifying commodity bets beyond gold, the darling of 2010 returning 30 percent, as inflationary pressures seep into food and energy.
Top hedge funds' bets on LyondellBasell and other raw materials producers like Penn West Petroleum and Repsol YPF SA suggest investors are seeking out commodity-related plays as the global economy wiggles out of a bruising recession.
LyondellBasell -- the third-largest chemical maker in the United States -- was certainly hurt by the downturn, declaring bankruptcy in early 2009.
But after LyondellBasell emerged back onto the public markets in October, Dinan's York Capital Management and Einhorn's Greenlight Capital, along with Andreas Halvorsen's Viking Global Investors and Thomas Steyer's Farallon Capital Managemen