Value investor Ed Wachenheim III is seeing bargains in auto stocks.
Wachenheim’s Greenhaven Associates bought millions of additional
General Motors
shares (ticker: GM) and initiated a large position in
Ford
Motor (F) in the first quarter. Greenhaven also significantly increased its investment in the vehicle-seat maker
Lear
(LEA) in the period. Greenhaven disclosed the trades in a form it filed with the Securities and Exchange Commission.
