Auto Parts

(FDML) Shifting into Overdrive – Zacks Industry Rank Analysis

As the ice roads of commerce thaw, more people and businesses are hitting the highway with the demand for automotive essentials in tow.  Last week, original equipment manufacturing for automotive and trucking was coasting at #48 on the Zack’s Industry Rank list, but this week it found high gear.

Automotive/Trucking...

19Aug2013 | | Comments Off on (FDML) Shifting into Overdrive – Zacks Industry Rank Analysis | Continued

(SMP) Standard Motor Amends Credit Facility

Standard Motor Product Inc. (SMP) announced the amendment of its $200 million revolving credit facility with GE Capital Corporate Finance maturing on Mar 2015. GE Capital acted as the agent for a syndicate of lenders.

Under...

29Jul2013 | | Comments Off on (SMP) Standard Motor Amends Credit Facility | Continued

(AXL) American Axle and Manufacturing’s First Quarter Earnings Plunge

American Axle and Manufacturing Inc. (AXL) reported earnings of $18.6 million or 23 cents per share before debt refinancing and redemption costs in the first quarter of the year that plunged 62.3% from 61 cents per share in the comparable...

16May2013 | | Comments Off on (AXL) American Axle and Manufacturing’s First Quarter Earnings Plunge | Continued

(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 | | Comments Off on (BWA) BorgWarner Awarded Supplier Award by Daimler | 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 | | Comments Off on (TEN) Tenneco to Support Chevy Malibu Production | 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 | | Comments Off on (TEN) Tenneco Receives Innovation Award | 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 | | Comments Off on (TRW) TRW Automotive Holdings Remains Neutral | 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 | | Comments Off on (TRW) TRW Automotive Holdings Develops Advanced Brake System | 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 | | Comments Off on (TRW) TRW Automotive Holdings Beats but Profits Fall | 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 | | Comments Off on (AXL) American Axle and Manufacturing Cut to Underperform | 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 | | Comments Off on (BWA) BorgWarner Boosts VCT Technology | 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 | | Comments Off on (TEN) Tenneco Opens First Plant in Japan | 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 | | Comments Off on (TEN) Tenneco Stays at Neutral | 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 | | Comments Off on (SUP) Superior Industries International – Bear of the Day | 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 | | Comments Off on (JCI) Johnson Controls Incorporated – Bear of the Day | 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 | | Comments Off on (JCI) Johnson Controls Downgraded to Underperform | 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 | | Comments Off on (DAN) Dana Holding Launches News Facilities | 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 | | Comments Off on (TRW) TRW Automotive Presents Advanced Technologies | 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 | | Comments Off on (TEN) Tenneco Shares Remain Neutral | 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 | | Comments Off on (JCI) Johnson Controls Upped to Neutral | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 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 | | 0 comments | Continued