Ford, Honeywell can withstand Uber’s onslaught on auto sector

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Uber is going public soon and few companies are prepared for the onslaught that ride-hailing services will have on the autos and autos-related sectors.

That is with the exception of Ford Motor and Honeywell, two manufacturers that have shifted their focus as the industry buckles to changing dynamics in the world economy, CNBC’s Jim Cramer said Friday. More and more young, debt-laden consumers are inclined to skip out on car ownership and the associated expenses in lieu of cheaper options such…

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