Auto Parts
(AXL) American Axle and Manufacturing Swings to Profit
American Axle and Manufacturing (AXL) returned to profitability in the fourth quarter of 2009 after reporting losses since the first quarter of 2008. The company has posted a net income of $8.3 million or 14 cents per share (before special items), compared to a loss of $42.6...
8Feb2010 | vitalstocks | 0 comments | Continued(WATG) Wonder Auto Technologies Incorporated – Analysts Expect 20% Earnings Growth
Wonder Auto Technologies, Inc. (WATG), the Chinese-based automotive parts manufacturer, has gotten a little cheaper since I last reviewed it in June 2009. The company has a PEG ratio of just 0.54. Analysts expect earnings growth of 20.20% in 2009. The Zacks Consensus Estimate...
8Feb2010 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings – Beat Expectations Four of Four Quarters By an Average of 144.53%
TRW Automotive Holdings Corporation (TRW) has used cost cutting and restructuring to survive one of the biggest downturns in automobile history. TRW is trading with a forward P/E of 13.09. Company Description TRW supplies products for automobiles including integrated vehicle...
30Jan2010 | vitalstocks | 0 comments | Continued(ALV) Autoliv Acquires Remaining Shares of Japanese Joint Venture
Autoliv Inc. (ALV) has decided to acquire the remaining 40% of shares in its joint venture (JV) Autoliv Nichiyu Co. Ltd, located in Aichi Prefecture, Japan. The JV, formed in 1988, manufactures airbag inflators for the domestic market and is one of Autoliv’s five manufacturing...
20Jan2010 | vitalstocks | 0 comments | Continued(JCI) Earnings Preview for Johnson Controls
On Friday, January 22, 2010, Johnson Controls (JCI) will release its sales and earnings results for the first quarter of fiscal 2010 ended December 31, 2009. The Milwaukee, Wisconsin-based supplier of automotive interiors, batteries and other control equipment showed a profit...
19Jan2010 | vitalstocks | 0 comments | Continued(AXL) American Axle and Manufacturing Expects Profit
American Axle and Manufacturing (AXL) stated that it anticipates a profit in the fourth quarter of 2009. With this, the auto components manufacturer would report its second profitable quarter in about two years. American Axle expects sales of $1.5 billion in 2009, close to the...
14Jan2010 | vitalstocks | 0 comments | Continued(ALV) Autoliv Incorporated – Forth Quarter Earnings Guidance Raised
Autoliv, Inc. (ALV) recently hit a new 52-week high after the company raised its Q4 guidance on strong demand out of China and automakers resocking invesntories. Q4 Guidance Raised On Dec 11, Autoliv boosted its Q4 outlook, saying it expects sales to increase 35% from last year,...
11Jan2010 | vitalstocks | 0 comments | Continued(TEN) Earnings Preview for Tenneco
Tenneco (TEN) is scheduled to release its sales and earnings results for the fourth quarter and full year 2009 before the market opens on Thursday, Feb 4, 2010. The Lake Forest, Illinois-based manufacturer and supplier of emission control and ride control systems showed an...
6Jan2010 | vitalstocks | 0 comments | Continued(MGA) General Motors to Compensate for Opel?
The Russian bank, Sberbank, has asked for voluntary compensation from General Motors (GM) for the scrapped deal to sell 55% of the latter’s stake in Opel to the former. The bank has threatened to sue the automaker otherwise. Last month, GM halted its plan to sell a 55% stake...
28Dec2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Earns Smart Safety Products
Autoliv (ALV) has been awarded the safety products for the smart for two from Daimler (DAI). The smart fortwo is a micro-car that achieves 33 mpg in the city and 41 mpg on the highway according to 2008 EPA testing requirements. It is manufactured in the Mercedes-Benz division...
18Dec2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Wins Chinese Carmaker Parts Deal
Zhejiang Geely Holding Group has signed up Johnson Controls (JCI) to be its global parts supplier. According to an official statement, Johnson will cooperate with Geely in the clean energy sector. In the last three years, Geely, similar to other Chinese automakers, has been struggling...
17Dec2009 | vitalstocks | 0 comments | Continued(ARGN) Top Performer for Fri: Amerigon – Zacks #1 Rank Top Performers
Amerigon Inc. (ARGN), a developer of thermoelectric (TE) technologies, was a Zacks #1 Rank Top Performer for Friday with shares that advanced approximately 7.6%. At more than 231,000 shares, volume for ARGN is exceeded the daily average at nearly 130,000. In late October, the...
4Dec2009 | vitalstocks | 0 comments | Continued(MGA) General Motors to Cut Jobs in Opel Unit
General Motors (hereafter, GM) announced that it will downsize 354 employees at its Opel/Vauxhall plant in Luton, England, as a part of its European restructuring actions. The plant manufactures vans for Opel, Vauxhall, Nissan and Renault. GM has revealed the restructuring actions...
3Dec2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Sees Credit Ratings Upgrades
Autoliv’s (ALV) credit rating has been upgraded by both Standard and Poor’s and Moody’s Investor Service due to its strong financial position and credit-supportive financial policy. The company has suspended dividend payments and share buybacks on one hand and issued new...
30Nov2009 | vitalstocks | 0 comments | Continued(MGA) Magna International Bags General Motors Contract
Magna International (MGA) has reported that it has won a contract to make the new generation of frames for General Motors’ full-size light-duty pickups and sport utility vehicles despite their disputed relationship over the Opel deal. According to Magna, the new third generation...
25Nov2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv to Acquire Assets From Delphi
Autoliv (ALV) will enhance its vertical integration capability by acquiring the Occupant Protection Safety (OPS) assets from Michigan-based auto parts manufacturer, Delphi Corporation, formerly a subsidiary of General Motors (MTLQQ). Earlier this year, Delphi has announced its...
18Nov2009 | vitalstocks | 0 comments | Continued(CAAS) China Automotive Systems, Inc. – Earnings Beat Consensus by 75%
China Automotive Systems, Inc. (CAAS) just reported strong third-quarter results that easily beat expectations and raised its 2009 full-year guidance. Third-Quarter Results Sales were up 75% from last year to $64.7 million. Earnings also came in strong at 28 cents per share,...
16Nov2009 | vitalstocks | 0 comments | Continued(ARM) ArvinMeritor’s Loss Deepens
ArvinMeritor (ARM) showed a loss of $20 million or 28 cents per share, before special items, in the fourth quarter of its fiscal year ended Sep 30, 2009. This is wider than the quarter-ago loss of 25 cents per share and compared to year-ago profit of $26 million or 35 cents per...
12Nov2009 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Posts Robust Profit
TRW Automotive (TRW) has revealed a staggering rise in profits to $76 million or 68 cents per share in the third quarter ended Oct. 2, 2009, from a net loss of $22 million or 22 cents per share in the prior-year quarter. The profit was also significantly higher than the Zacks...
11Nov2009 | vitalstocks | 0 comments | Continued(FSYS) The Return of the Living Dead – Zacks Industry Rank Analysis
Industry Rank Analysis 11-11-09 OK, Halloween is over, but some of the best-looking industries according to the Zacks Rank are those that not long ago were considered part of the living dead. Case in point, is the top performing sector — Auto-Truck-Tires. Out of 206 industries...
11Nov2009 | vitalstocks | 0 comments | Continued(FSYS) Fuel Systems Solutions Inc. – Smashed Past the Estimates
Fuel Systems Solutions Inc. (FSYS) crushed estimates when it reported third quarter results on Nov 5. The maker of alternative fuel components blew by the Zacks Consensus Estimate of 43 cents, reporting 77 cents per share in the quarter. It was the third consecutive earnings...
9Nov2009 | vitalstocks | 0 comments | Continued(AXL) American Axle Reports Better than Expected Results
American Axle (AXL) posted a net loss of 18 cents before special items in the third quarter of the year. This is better than the Zacks Consensus Estimate of a loss of 37 cents per share. Net sales dipped 22% to $409.6 million. However, in absolute terms, it is the highest quarterly...
8Nov2009 | vitalstocks | 0 comments | Continued(TEN) Tenneco’s Earnings Results Improve
Tenneco (TEN) showed an improvement in profit to $3 million or 7 cents per share for the third quarter of the year, compared to less than $1 million or 1 cent per share in profit a year ago. This is also better than the Zacks Consensus Estimate of 4 cents per share for the quarter....
2Nov2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Maintains Profit
Johnson Controls (JCI) posted a profit of $402 million or 52 cents per share, excluding non-recurring items, for the fourth quarter of its fiscal year ended Sept. 30, 2009. This was above the Zacks Consensus Estimate of 48 cents per share. The company reported positive numbers...
27Oct2009 | vitalstocks | 0 comments | Continued(CAAS) China Automotive Systems Inc. – 2009 Estimates Jump
China Automotive Systems (CAAS) is well positioned in an explosive market in a growing economy. Company Description China Automotive supplies power steering components to Chinese automakers. The company offers systems for all types of vehicles, from passenger cars to commercial...
22Oct2009 | vitalstocks | 0 comments | Continued(ALV) Autoliv Returns to Profitability
Autoliv (ALV) has shown a profit of $33.7 million or 37 cents per share in the third quarter of the year, after reporting losses for the preceding three quarters. The Sweden-based supplier of automotive safety systems has also beaten the Zacks Consensus Estimate of 24 cents per...
21Oct2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Anticipates Growth for 2010
In its fiscal 2010 forecast meeting with financial analysts, Johnson Controls (JCI) has revealed that it anticipates commendable sales and earnings growth in the fourth quarter and in fiscal 2010 as markets recover. The management has commented that the company expects to earn...
16Oct2009 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Bags Record-Breaking Contract
Johnson Controls (JCI) has won a record-breaking $87 million project at Princess Noura bin Abdulraham University, the world’s biggest women-only university in the Kingdom of Saudi Arabia. Under the contract, Al Salem Johnson Controls, the company’s joint venture...
6Oct2009 | vitalstocks | 0 comments | Continued(WATG) Wonder Auto Technology Wins Chinese Deal
Wonder Auto Technology (WATG) has revealed that one of its subsidiaries, Jinzhou Halla Electrical Equipment Co. has entered a joint development agreement with Shenzhen BYD Auto Co. Under the agreement, Jinzhou Halla will design and develop alternator prototypes for Shenzhen BYD’s...
3Oct2009 | vitalstocks | 0 comments | Continued(FSYS) Fuel Systems Solutions’ Estimates Jump
Fuel Systems Solutions Inc. (FSYS) estimates continue to rise after a great quarterly report. Great Quarter On Aug 6 the company released a great earnings report. Revenue was down slightly to $92.3 million, but would have been a gain without forex impact. Profit was $28.6 million,...
14Sep2009 | vitalstocks | 0 comments | Continued