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In an "Executive Decision" segment, Cramer sat down with Donald Walker, CEO of auto parts maker Magna International (MGA) - Get Magna International Inc. Report , for a fresh take on the auto industry. Shares of Magna are up 10% for the year.
Walker said that overall, they're seeing steady growth in China and a recovery in Europe. In the U.S., things may be slowing, but they still see good demand over a three-to-five-year period.
When asked about demand from the big three automakers here in the U.S., Walker said that Magna sells globally, but certainly the big three are important clients. Turning toward the hot industry trends, Walker noted that making vehicles lighter continues, while the electrification of vehicles and autonomous features are still in their infancy.
Walker continued by saying that he's not worried that President Trump will undo NAFTA. He said the system works pretty efficiently already and a few adjustments are probably in order. Magna is headquartered in Canada and has employees in both the U.S. and Mexico.
Cramer said that Magna is an inexpensive stock.
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