Auto Parts
(BWA) BorgWarner Awarded Supplier Award by Daimler
BorgWarner Inc.’s (BWA) Turbo Systems has received the Daimler Supplier Award 2012 from Daimler AG (DDAIF) at the Key Supplier Meeting of Daimler in the Mercedes-Benz...2May2013 | vitalstocks | Comments Off | Continued
(TEN) Tenneco to Support Chevy Malibu Production
Tenneco Inc. (TEN) announced that its ride performance and clean air technologies will be deployed in General Motors Company’s (GM) 2013 Chevrolet Malibu and Malibu...27Apr2013 | vitalstocks | Comments Off | Continued
(TEN) Tenneco Receives Innovation Award
Tenneco Inc. (TEN) announced that it has received the 2012 supplier innovation award from Ill-based manufacturer of agricultural machinery, John Deere. The award was a recognition for the company in developing an integrated selective...4Apr2013 | vitalstocks | Comments Off | Continued
(TRW) TRW Automotive Holdings Remains Neutral
On Feb 19, we maintained our Neutral recommendation on TRW Automotive Holdings Corp. (TRW), despite its lower earnings in the fourth quarter of fiscal 2012, based on its innovative technologies, which will boost the results of the...4Mar2013 | Shawn | Comments Off | Continued
(TRW) TRW Automotive Holdings Develops Advanced Brake System
TRW Automotive Holdings Corp. (TRW) announced that it has developed an advanced brake system, which will be utilized in the traditional internal combustion engines or as alternative powertrains in the hybrids and electric engines....21Feb2013 | Shawn | Comments Off | Continued
(TRW) TRW Automotive Holdings Beats but Profits Fall
TRW Automotive Holdings Corp. (TRW) posted a 15.8% fall in profits to $1.55 per share in the fourth quarter of 2012 from $1.84 in the same quarter of 2011 (all excluding special items). However, the quarterly EPS surpassed the Zacks...20Feb2013 | Shawn | Comments Off | Continued
(AXL) American Axle and Manufacturing Cut to Underperform
On Feb 14, we downgraded driveline systems manufacturer, American Axle and Manufacturing Inc. (AXL), to Underperform based on the company’s poor performance in the fourth quarter of 2012 and risks arising from the sluggish demand...18Feb2013 | Shawn | Comments Off | Continued
(BWA) BorgWarner Boosts VCT Technology
BorgWarner Inc. (BWA) is set to expand its variable cam timing (VCT) technology with a complete suite of new cam phasing technology for I4 engines. The cam phasing technologies include cam torque actuated (CTA) and torsional assist...23Oct2012 | vitalstocks | Comments Off | Continued
(TEN) Tenneco Opens First Plant in Japan
Tenneco Inc. (TEN) has announced the opening of its first manufacturing plant in Osaka, Japan. The company plans to expand its business in the country with this facility and its engineering and manufacturing capabilities. The...9Oct2012 | vitalstocks | Comments Off | Continued
(TEN) Tenneco Stays at Neutral
We are reiterating our Neutral recommendation on Tenneco Inc. (TEN). The leading maker of emission control and ride control systems benefits from tighter emission regulations and rising commercial vehicle business. However, the company...9Oct2012 | vitalstocks | Comments Off | Continued
(SUP) Superior Industries International – Bear of the Day
Superior Industries International (SUP) faces significant customer concentration risks, as the Detroit Big Three represent about 75% of its sales. Further, unfavorable product mix and a weak Mexican peso continue to mar the company’s...8Oct2012 | vitalstocks | Comments Off | Continued
(JCI) Johnson Controls Incorporated – Bear of the Day
Johnson Controls Inc. (JCI) is a leading supplier of automotive interiors, batteries and other control equipment. Despite posting 14% growth in earnings per share and 2% growth in revenues, the company failed to meet the Zacks Consensus...31Aug2012 | vitalstocks | Comments Off | Continued
(JCI) Johnson Controls Downgraded to Underperform
We have downgraded our long-term recommendation on Johnson Controls Inc. (JCI) to Underperform. The leading supplier of automotive interiors, batteries and other control equipment is facing challenges from the softness in the global...28Aug2012 | vitalstocks | Comments Off | Continued
(DAN) Dana Holding Launches News Facilities
Dana Holding Corporation (DAN) has announced the opening of two new distribution centers in China and Mexico. The centers are located in Toluca, Mexico, and Wuxi, Jiangsu Province, China. The new additions will increase the number...21Aug2012 | vitalstocks | Comments Off | Continued
(TRW) TRW Automotive Presents Advanced Technologies
TRW Automotive Inc. (TRW) has showcased the full range of Driver Assistance Systems (DAS) technologies at a customer event organized in Hockenheim, Germany. The company also displayed its 24 GHz radar (AC100) along with its scalable...17Jul2012 | vitalstocks | Comments Off | Continued
(TEN) Tenneco Shares Remain Neutral
We are reiterating our “Neutral” recommendation on Tenneco Inc. (TEN). The company continues to benefit from tighter emission regulations along with consistent performance in the commercial business segment. However, we are concerned...8Jul2012 | vitalstocks | Comments Off | Continued
(JCI) Johnson Controls Upped to Neutral
We have upgraded the long-term (more than six months) recommendation on the shares of Johnson Controls Inc. (JCI) to Neutral from Underperform due to its growing battery business, strong acquisition policy and long-term focus on emerging...26Apr2012 | vitalstocks | Comments Off | Continued
(MGA) Magna International to Open Solar System Plant
Magna International Inc. (MGA) revealed that its body and chassis systems operating unit, Cosma International, would open a solar component manufacturing facility in Phoenix, Arizona that will strengthen its position in the renewable...15Dec2011 | vitalstocks | 0 comments | Continued
(BWA) BorgWarner to Sell Tire Pressure Business
BorgWarner Inc. (BWA) plans to sell its tire pressure monitoring business to Germany-based Huf Electronics GmbH as it diverts its attention to powertrain technologies. The sale includes a manufacturing facility in Bretten, Germany...14Dec2011 | vitalstocks | 0 comments | Continued
(MTOR) Meritor Incorporated – Bear of the Day
Meritor, Inc. (MTOR) is a globally recognized automotive parts supplier. However, the company has high customer concentration, which implies limited scope for margin expansion. Further, the recent turmoil in the global economy is...9Dec2011 | vitalstocks | 0 comments | Continued
(AXL) American Axle & Manufacturing Holdings Analyst Maintains Neutral
We are maintaining our Neutral recommendation on American Axle & Manufacturing Holdings, Inc. (AXL). American Axle is a leading supplier of driveline systems, modules and components for the light vehicle market. The company manufactures...28Nov2011 | vitalstocks | 0 comments | Continued
(SUP) Superior Industries International Analyst Maintains Neutral on Shares
We maintain our Neutral recommendation on Superior Industries International Inc. (SUP). Headquartered in Van Nuys, California, Superior Industries is one of the world’s largest designers and manufacturers of cast aluminum road wheels...28Nov2011 | vitalstocks | 0 comments | Continued
(JCI) Johnson Controls to Build New Plant in China
Johnson Controls Inc. (JCI) plans to build an automotive battery plant in China by investing $100 million. It will produce start-stop batteries and cater to global and local automakers in Asia. It is expected to begin production...6Oct2011 | vitalstocks | 0 comments | Continued
(JCI) Johnson Controls Builds Battery Plant in China
Johnson Controls Inc. (JCI) plans to invest $100 million for building an automotive battery plant in China. The plant will manufacture start-stop batteries and supply to global and local automakers in Asia. It is expected to begin...20Sep2011 | vitalstocks | 0 comments | Continued
(TRW) TRW Automotive Holdings Plans Investments
TRW Automotive Holdings Corp. (TRW) recently announced a host of investment plans in order to support its long-term business growth. The company plans to open 11 new plants by the end of 2012 and launch a number of new products across...15Sep2011 | vitalstocks | 0 comments | Continued
(BWA) BorgWarner Incorporated – Bull of the Day
BorgWarner, Inc. (BWA) continues to focus on new product launches supported by new business opportunities and acquisitions. Demand for its fuel-efficient engines and transmissions have grown stronger due to more stringent government...14Sep2011 | vitalstocks | 0 comments | Continued
(SUP) Superior Industries Posts Strong Second Quarter Earnings
Superior Industries International Inc. (SUP) reported anet income of $14.7 million or 53 cents per share in the second quarter of 2011 compared with $10.1 million or 38 cents per share in the year-ago quarter. Earnings per share comprehensively...9Aug2011 | vitalstocks | 0 comments | Continued
(TRW) TRW Automotive Holdings Beats on Higher Sales
TRW Automotive Holdings Corp. (TRW) reported net earnings of $293 million or $2.21 per share in the second quarter of 2011 compared with $227 million or $1.78 per share in the year-ago quarter. The reported quarter included...4Aug2011 | vitalstocks | 0 comments | Continued
(TEN) Tenneco Quarterly Earnings Exceed Estimates
Tenneco Inc. (TEN) showed a profit of $50 million or 81 cents per share (before special items) during the second quarter of the year versus $38 million or 62 cents per share (before special items) in the same quarter of previous year....3Aug2011 | vitalstocks | 0 comments | Continued
(TEN) Tenneco Incorporated Analyst Remains Neutral
We reiterate our Neutral recommendation on Tenneco Inc. (TEN), which is a leading manufacturer and supplier of emission control, ride control systems, and systems for the automotive original equipment manufacturers (OEMs) and the aftermarket. Tenneco...11Jul2011 | vitalstocks | 0 comments | Continued