Auto Parts
(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 energy market. The 166,000-square-foot facility,...
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 that employs 230 people. BorgWarner acquired...
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 expected to continue to mar its results. We are...
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 axles, driveshafts and chassis components...
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 for the automotive industry. Superior Industries’...
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 in early 2013. The Start-Stop system is an emerging...
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 production in early 2013. Start-Stop system is...
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 each of its key markets. The company expects...
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 regulations. As a result, the company’s...
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 beat the Zacks Consensus Estimate...
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 a gain of $19 million associated with the resolution...
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. The profit exceeded the Zacks Consensus Estimate...
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 Inc. released its 2011 first...
11Jul2011 | vitalstocks | 0 comments | Continued(SMP) Standard Motor Products – Bull of the Day
Standard Motor Products (SMP) enjoys strong brand recognition worldwide. Successful R&D and perfect strategic acquisitions have helped the company enrich its product portfolio and maintain a broad customer base. Standard Motor’s recently amended credit agreement with...
8Jul2011 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Announces Aquisition of EnergyConnect
Johnson Controls Inc. (JCI) announced that it has completed the previously announced acquisition of California-based EnergyConnect Group Inc. on July 1. The company purchased the company for $32.3 million. EnergyConnect Group Inc. provides demand-response services to the electricity...
6Jul2011 | vitalstocks | 0 comments | Continued(AXL) American Axle & Manufacturing Holdings Remains Neutral
We reiterate our Neutral recommendation on American Axle & Manufacturing Holdings Inc. (AXL), which is a leading supplier of driveline systems, modules and components for the light vehicle market. The company makes axles, driveshafts and chassis components for light trucks,...
6Jul2011 | vitalstocks | 0 comments | Continued(AXL) American Axle and Manufacturing Closing Detroit Plant
American Axle and Manufacturing Inc. (AXL) plans to close its manufacturing facility in Detroit as communication with the United Auto Workers (UAW) union broke down. The parties had disagreement over the reduction of compensation for the workers from $45 an hour to $30 an hour....
5Jul2011 | vitalstocks | 0 comments | Continued(SUP) Superior Industries International Analyst Downgrades Shares
We downgrade our recommendation on Superior Industries International, Inc. (SUP) to Neutral from Outperform. Based in Van Nuys, California, Superior Industries is one of the world’s largest designers and manufacturers of cast aluminum road wheels for the automotive industry....
3Jul2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Remains Neutral
We reiterate our Neutral recommendation on TRW Automotive Holdings Corp. (TRW), which is a leading manufacturer of advanced technology products and services for the automotive markets. The company is one of the world’s largest suppliers of automotive systems, modules and...
1Jul2011 | vitalstocks | 0 comments | Continued(ALV) Autoliv Remains Neutral
We reiterate our Neutral recommendation on Autoliv Inc. (ALV) which is one of the well-known manufacturers of occupant restraint systems for automobiles and has a product portfolio comprising primarily of safety airbags, seat belts and steering wheels. The company, based in Stockholm,...
29Jun2011 | vitalstocks | 0 comments | Continued(SMP) Standard Motor Products’ Analyst Maintains Outperform on Shares
We reiterate our Outperform recommendation on Standard Motor Products Inc. (SMP), which is one of the nation’s leading manufacturers, distributors and marketers of automotive replacement parts. The company presently operates through two primary segments: Engine Management and...
29Jun2011 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls Thrives on Advanced Battery
Johnson Controls Inc. (JCI) plans to invest $138.5 million to convert its battery plant near Toledo, Ohio into an Absorbent Glass Mat (AGM) battery facility. The AGM battery facility, the first in the U.S., will help the company manufacture Start-Stop and other batteries for...
29Jun2011 | vitalstocks | 0 comments | Continued(SMP) Standard Motor Products – Bull of the Day
Standard Motor Products (SMP) enjoys strong brand recognition worldwide. Successful R&D and perfect strategic acquisitions have helped the company enrich its product portfolio and maintain a broad customer base. Standard Motor’s recently amended credit agreement with...
29Jun2011 | vitalstocks | 0 comments | Continued(JCI) Johnson Controls European Buyout Enhances
Johnson Controls Inc. (JCI) announced that it has completed the acquisition of two European business entities, Keiper recliner systems and Recaro seating business in Germany, after getting approval from the European Commission in Brussels, Belgium on June 17, 2011. Keiper is...
22Jun2011 | vitalstocks | 0 comments | Continued(BWA) BorgWarner Unveils New Two-Stage Turbocharging System in North America
BorgWarner Inc. (BWA) recently unveiled a powerful and efficient regulated two-stage (R2S) turbocharging system in North America that meets the Fiat Powertrain Technologies’ (FPT) specific requirements while achieving the engine’s optimum power output of 120 kW and 400...
21Jun2011 | vitalstocks | 0 comments | Continued(DAN) Meritor Gets New General Managers
Meritor Inc. (MTOR) recently appointed Matthew Stevenson as the General Manager of North American Field Operations & Marketing and John Nelligan as the General Manager of OEM Sales & National Accounts. Both Stevenson and Nelligan will be directly reporting to Joe Plomin,...
14Jun2011 | vitalstocks | 0 comments | Continued(TEN) Tenneco Quarterly Report Doubles Profit
Tenneco Inc. (TEN) depicted a profit of $39 million or 63 cents in the first quarter of 2011, surpassing the Zacks Consensus Estimate by 15 cents per share. It more than doubled from $15 million or 25 cents in the same quarter of 2010 driven by higher original equipment (OE)...
5May2011 | vitalstocks | 0 comments | Continued(FDML) Federal Mogul Corporation – Income Triples From a Year Ago
Federal-Mogul Corp. (FDML) has pushed through a point of resistance thanks to a recent earnings report. The company, once again, topped expectations and analysts are raising estimates. Shares are up to Zacks #1 Rank (Strong Buy) and also trade with solid valuations. Company Description Federal-Mogul...
4May2011 | vitalstocks | 0 comments | Continued(TRW) TRW Automotive Holdings Announces New Vacuum Sensor
TRW Automotive Holdings Corp. (TRW) announced the launch of a new vacuum sensor that will measure and report the level of vacuum in the brake booster. Brake boosters and master cylinders are integral parts of brake actuation systems produced by TRW. These brake actuation systems...
19Apr2011 | vitalstocks | 0 comments | Continued(ALV) Autoliv Expands in Southern China
Autoliv Inc. (ALV) announced that it has started building an extension of its airbag and seatbelt assembly facility in Guangzhou in Southern China. The near $4 million extension will enhance the floor space of the facility by 70%. The Guangzhou plant began its operations three...
15Apr2011 | vitalstocks | 0 comments | Continued