$Royal Bank of Canada(RY.US)$ Royal Bank of Canada analyst Joseph Spak...

$Royal Bank of Canada(RY.US)$ Royal Bank of Canada analyst Joseph Spak said in a note that the auto industry will rebound after the pandemic. They believe improvements in semiconductor and supply chain availability, coupled with low inventories and improved schedule stability, are driving multi-year production recovery expectations and providing a solid foundation for automotive suppliers. Against that backdrop, analysts say they are particularly bullish on three auto stocks: $Rivian Automotive(RIVN.US)$，$General Motors(GM.US)$，$Autoliv(ALV.US)$, all of which have the potential for strong gains in the coming year.