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(MGA) Magna International to Open Solar System Plant

vitalstocks — Thu, 15 Dec 2011 10:01:21 +0000

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, called Cosma Power Systems, will manufacture metal structures and roll-formed components and systems for the photovoltaic (PV), [...]

(MGA) Magna International to Open Solar System Plant

(BWA) BorgWarner to Sell Tire Pressure Business

vitalstocks — Wed, 14 Dec 2011 20:12:17 +0000

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 the tire pressure monitoring business in 2005 as a part of its BERU diesel cold start [...]

(BWA) BorgWarner to Sell Tire Pressure Business

(MTOR) Meritor Incorporated – Bear of the Day

vitalstocks — Fri, 09 Dec 2011 16:10:14 +0000

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 also disappointed about Meritor’s deteriorating cash flow. Although the company’s fiscal fourth quarter [...]

(MTOR) Meritor Incorporated – Bear of the Day

(AXL) American Axle & Manufacturing Holdings Analyst Maintains Neutral

vitalstocks — Mon, 28 Nov 2011 20:48:37 +0000

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 for light trucks, sport utility vehicles (SUVs) and passenger cars. The company holds 38% share of [...]

(AXL) American Axle & Manufacturing Holdings Analyst Maintains Neutral

(SUP) Superior Industries International Analyst Maintains Neutral on Shares

vitalstocks — Mon, 28 Nov 2011 16:14:33 +0000

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’ aluminum road wheels are sold to OEMs including Audi, BMW, Chrysler LLC, General Motors Company (GM), Fiat, [...]

(SUP) Superior Industries International Analyst Maintains Neutral on Shares

(JCI) Johnson Controls to Build New Plant in China

vitalstocks — Thu, 06 Oct 2011 23:37:52 +0000

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 technology that saves power/fuel in battery/gasoline powered vehicles. The [...]

(JCI) Johnson Controls to Build New Plant in China

(JCI) Johnson Controls Builds Battery Plant in China

vitalstocks — Tue, 20 Sep 2011 19:50:19 +0000

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 an emerging technology that saves power/fuel in battery/gasoline powered vehicles. The [...]

(JCI) Johnson Controls Builds Battery Plant in China

(TRW) TRW Automotive Holdings Plans Investments

vitalstocks — Thu, 15 Sep 2011 18:07:52 +0000

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 to open an occupant safety system [...]

(TRW) TRW Automotive Holdings Plans Investments

(BWA) BorgWarner Incorporated – Bull of the Day

vitalstocks — Wed, 14 Sep 2011 16:35:37 +0000

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 revenues soared 28% in the second quarter of 2011, despite a drop in global vehicle production. Furthermore, [...]

(BWA) BorgWarner Incorporated – Bull of the Day

(SUP) Superior Industries Posts Strong Second Quarter Earnings

vitalstocks — Tue, 09 Aug 2011 19:22:06 +0000

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 of 37 cents per share. The significant upside in results was [...]

(SUP) Superior Industries Posts Strong Second Quarter Earnings

(TRW) TRW Automotive Holdings Beats on Higher Sales

vitalstocks — Thu, 04 Aug 2011 15:45:37 +0000

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 of a commercial matter, a loss of $10 million [...]

(TRW) TRW Automotive Holdings Beats on Higher Sales

(TEN) Tenneco Quarterly Earnings Exceed Estimates

vitalstocks — Wed, 03 Aug 2011 15:44:48 +0000

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 of 75 cents per share. Revenues [...]

(TEN) Tenneco Quarterly Earnings Exceed Estimates

(TEN) Tenneco Incorporated Analyst Remains Neutral

vitalstocks — Mon, 11 Jul 2011 15:38:21 +0000

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 quarter results on May 03, 2011. The company reported a profit of $39 million or [...]

(TEN) Tenneco Incorporated Analyst Remains Neutral

(SMP) Standard Motor Products – Bull of the Day

vitalstocks — Fri, 08 Jul 2011 20:46:34 +0000

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 GE capital has increased its scope for further investments. Moreover, Standard Motor has hiked its dividend payment, signaling the [...]

(SMP) Standard Motor Products – Bull of the Day

(JCI) Johnson Controls Announces Aquisition of EnergyConnect

vitalstocks — Wed, 06 Jul 2011 21:21:03 +0000

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 grid. The demand-response programs offer incentives for curtailing consumption during periods of peak demand. The acquisition will [...]

(JCI) Johnson Controls Announces Aquisition of EnergyConnect

(AXL) American Axle & Manufacturing Holdings Remains Neutral

vitalstocks — Wed, 06 Jul 2011 15:44:52 +0000

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, sport utility vehicles (SUVs) and passenger cars. American Axle released its 2011 first quarter results [...]

(AXL) American Axle & Manufacturing Holdings Remains Neutral

(AXL) American Axle and Manufacturing Closing Detroit Plant

vitalstocks — Tue, 05 Jul 2011 14:19:04 +0000

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. The shutdown will affect 300 hourly and salaried workers at [...]

(AXL) American Axle and Manufacturing Closing Detroit Plant

(SUP) Superior Industries International Analyst Downgrades Shares

vitalstocks — Sun, 03 Jul 2011 19:29:07 +0000

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. The company also produces certain accessory items for the automotive aftermarket. Superior Industries released its 2011 [...]

(SUP) Superior Industries International Analyst Downgrades Shares

(TRW) TRW Automotive Holdings Remains Neutral

vitalstocks — Fri, 01 Jul 2011 16:41:29 +0000

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 components to global automotive manufacturers. Headquartered in Michigan, U.S., TRW Automotive operates in 26 countries through its [...]

(TRW) TRW Automotive Holdings Remains Neutral

(ALV) Autoliv Remains Neutral

vitalstocks — Wed, 29 Jun 2011 17:06:52 +0000

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, Sweden, operates through two principal subsidiaries: Autoliv AB and Autoliv ASP. Autoliv released [...]

(ALV) Autoliv Remains Neutral

(SMP) Standard Motor Products’ Analyst Maintains Outperform on Shares

vitalstocks — Wed, 29 Jun 2011 16:56:55 +0000

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 Temperature Control. Standard Motor released its 2011 first quarter financial results on May 04, 2011. The company earned [...]

(SMP) Standard Motor Products’ Analyst Maintains Outperform on Shares

(JCI) Johnson Controls Thrives on Advanced Battery

vitalstocks — Wed, 29 Jun 2011 16:31:02 +0000

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 high efficiency vehicles. The investment will expand the existing capacity of [...]

(JCI) Johnson Controls Thrives on Advanced Battery

(SMP) Standard Motor Products – Bull of the Day

vitalstocks — Wed, 29 Jun 2011 16:27:43 +0000

(SMP) Standard Motor Products – Bull of the Day

(JCI) Johnson Controls European Buyout Enhances

vitalstocks — Wed, 22 Jun 2011 21:13:51 +0000

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 a market leader in recliner system technology. It is renowned for its engineering and [...]

(JCI) Johnson Controls European Buyout Enhances

(BWA) BorgWarner Unveils New Two-Stage Turbocharging System in North America

vitalstocks — Tue, 21 Jun 2011 15:27:13 +0000

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 Nm of torque for the said market. The R2S system comprises a K03 high-pressure turbocharger and a [...]

(BWA) BorgWarner Unveils New Two-Stage Turbocharging System in North America

(DAN) Meritor Gets New General Managers

vitalstocks — Tue, 14 Jun 2011 18:55:58 +0000

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, the Vice President of Truck Americas, Meritor. Stevenson will manage and administer the [...]

(DAN) Meritor Gets New General Managers

(TEN) Tenneco Quarterly Report Doubles Profit

vitalstocks — Thu, 05 May 2011 15:46:28 +0000

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) volumes and strong aftermarket sales. [...]

(TEN) Tenneco Quarterly Report Doubles Profit

(FDML) Federal Mogul Corporation – Income Triples From a Year Ago

vitalstocks — Wed, 04 May 2011 16:44:54 +0000

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 makes powertrain and safety solutions for the automotive, commercial, aerospace, [...]

(FDML) Federal Mogul Corporation – Income Triples From a Year Ago

(TRW) TRW Automotive Holdings Announces New Vacuum Sensor

vitalstocks — Tue, 19 Apr 2011 19:32:39 +0000

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 are typically used with traditional internal combustion engines that generate [...]

(TRW) TRW Automotive Holdings Announces New Vacuum Sensor

(ALV) Autoliv Expands in Southern China

vitalstocks — Fri, 15 Apr 2011 15:54:09 +0000

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 years ago by replacing a leased plant that started in [...]

(ALV) Autoliv Expands in Southern China

(TRW) TRW Automotive Holdings Gears Up with New Brake

vitalstocks — Mon, 11 Apr 2011 02:57:26 +0000

TRW Automotive Holdings Corp. (TRW) introduced its upgraded Electric Park Brake (EPB) system for front axles of a wide range of vehicles. The new development will enable users to enjoy a wide range of safety benefits and improve performance of the braking system in case of acute emergency. The new application requires a simple vehicle [...]

(TRW) TRW Automotive Holdings Gears Up with New Brake

(ALV) Company News for March 21, 2011 – Corporate Summary

vitalstocks — Mon, 21 Mar 2011 18:04:34 +0000

• Cisco Systems (NASDAQ:CSCO) announced that on March 17, 2011 its board of directors approved the initiation of quarterly cash dividends of $0.06 to its shareholders, which is the first cash dividend in the company’s history. A quarterly dividend will be paid on April 20, 2011 to all shareholders of record as of the close of [...]

(ALV) Company News for March 21, 2011 – Corporate Summary

(JCI) Johnson Controls Incorporated – Bull of the Day

vitalstocks — Thu, 10 Feb 2011 17:52:18 +0000

Johnson Controls (JCI) follows a strong cost-reduction strategy. The company expects to grow through meaningful acquisitions and increased capital expenditures. Its Building Efficiency segment has recovered based on higher sales from Global workplace solutions. Its profit exceeded the Zacks Consensus Estimate in the most recent quarter. These factors have led the company to raise its [...]

(JCI) Johnson Controls Incorporated – Bull of the Day

(ALV) Autoliv Announces Increased Dividend

vitalstocks — Sun, 19 Dec 2010 23:15:52 +0000

Autoliv Inc. (ALV) raised its quarterly dividend payment for the second time of the year by 14% to 40 cents per share from 35 cents. The raised dividend is close to the highest dividend of 41 cents paid by the company before the global economic crisis. It will be paid on March 3, 2010 to [...]

(ALV) Autoliv Announces Increased Dividend

(SUP) Superior Industries International Third Quarter 2010 Earnings Scorecard

vitalstocks — Sat, 11 Dec 2010 20:51:03 +0000

Superior Industries International Inc. (SUP) reported its third quarter earnings for 2010 on November 5, 2010, that was slightly ahead of the Zacks Consensus Estimate by 2 cents per share. The market reacted positively, with share prices rising in the subsequent days. Analysts were optimistic given the company’s impressive results and better outlook as most [...]

(SUP) Superior Industries International Third Quarter 2010 Earnings Scorecard

(SMP) Standard Motor Products – Earnings Beat Estimates by 48%

vitalstocks — Tue, 07 Dec 2010 15:48:12 +0000

Standard Motor Products Inc. (SMP) is in a good position to benefit from the aging car population as Americans hold on to their vehicles longer. The company, which manufactures and distributes automotive replacement parts, recently reported strong third quarter results driven by solid top-line growth. Estimates have been rising, too, sending the stock to a [...]

(SMP) Standard Motor Products – Earnings Beat Estimates by 48%

(ARM) ArvinMeritor Earnings Report Beats Estimates

vitalstocks — Fri, 26 Nov 2010 04:45:51 +0000

ArvinMeritor Inc. (ARM) posted a profit of $8 million or 8 cents per share during the fourth quarter of its fiscal year ended September 30, 2010 in contrast to a loss of $11 million or 16 cents per share in the same period a year ago. The company fared well compared with the Zacks Consensus [...]

(ARM) ArvinMeritor Earnings Report Beats Estimates

(SUP) Superior Industries International – Bull of the Day

vitalstocks — Tue, 12 Oct 2010 14:33:03 +0000

Superior Industries International (SUP) has a wide customer base. Moreover, its long-term business agreements with clients helped the company maintain its financial stability. At the same time, with its strategic acquisition, divestment and relocation, the company is well positioned to take full advantage of the globally expanding automotive industry. In addition, SUP has no long-term [...]

(SUP) Superior Industries International – Bull of the Day

(MGA) Magna International – Big Jump in Estimates – Awesome Balance Sheet

vitalstocks — Thu, 23 Sep 2010 15:25:53 +0000

Magna International, Inc. (MGA) recently hit a new multi-year high on an awesome 83% Q2 earnings surprise. With rising estimates and a bullish growth projection, this Zacks #1 rank stock offers some solid upward momentum. Company Description Magna International Inc. is an automotive supplier that specializes in manufacturing automotive systems, modules and components. The company [...]

(MGA) Magna International – Big Jump in Estimates – Awesome Balance Sheet

(CLC) CLARCOR Incorporated – Highest Quarterly Profit in 10 years!

vitalstocks — Mon, 20 Sep 2010 16:51:22 +0000

CLARCOR Inc (CLC) was recently upgraded to a Zacks #2 rank (buy) after reporting solid third quarter results on September 15. The company beat the Zacks Consensus Estimate by 10%. CLARCOR makes filter products for the industrial, mobile, and consumer markets. It was founded in 1904 and is headquartered in Franklin, Tennessee. It has a [...]

(CLC) CLARCOR Incorporated – Highest Quarterly Profit in 10 years!

(ALV) Autoliv Incorporated – Bull of the Day

vitalstocks — Thu, 16 Sep 2010 16:19:53 +0000

Autoliv (ALV) maintains a stable market share globally, supported by the increasing importance of vehicle safety needs. Furthermore, the company aims to tap huge market potential by expanding into low-cost countries. The company’s balance sheet is solid with low debt and healthy cash flow. In the most recent quarter, the company’s profit significantly improved from [...]

(ALV) Autoliv Incorporated – Bull of the Day

vitalstocks — Tue, 14 Sep 2010 13:17:07 +0000

(ALV) Autoliv Incorporated – Bull of the Day

(MGA) Magna International – Bull of the Day

vitalstocks — Tue, 24 Aug 2010 14:34:21 +0000

Magna International (MGA) enjoys a strong competitive position in the automotive industry by virtue of its complete range of interior and exterior auto systems. The company is strengthening its positions in the emerging markets of Asia, Eastern Europe and Russia. It is also poised for growth through its major business wins from original equipment manufacturers [...]

(MGA) Magna International – Bull of the Day

(TRW) TRW Automotive Holdings Announces Expansion of Facility in China

vitalstocks — Fri, 06 Aug 2010 17:22:41 +0000

In order to provide better service to its Asia-Pacific customer base, TRW Automotive Holdings Corp. (TRW) has recently initiated the production of electric power steering (“EPS”) from its facility located in Anting, China. As a fuel-saving and emission reducing technology, EPS is gaining global importance, and TRW is looking to expand its business both domestically [...]

(TRW) TRW Automotive Holdings Announces Expansion of Facility in China

(ALV) Autoliv Second Quarter 2010 Earnings Outpace Estimates

vitalstocks — Tue, 27 Jul 2010 13:27:34 +0000

Autoliv Inc. (ALV) has revealed a profit of $158.6 million or $1.73 per share (excluding the loss on extinguishing debt) in the second quarter of 2010, reversing the loss of $20.7 million or 24 cents per share in the same quarter a year ago. With this, the automotive safety components manufacturer has far exceeded the [...]

(ALV) Autoliv Second Quarter 2010 Earnings Outpace Estimates

(JCI) Johnson Controls Bids to Aquire Bankrupt Visteon

vitalstocks — Wed, 26 May 2010 23:27:20 +0000

Johnson Controls Inc. (JCI) has offered $1.25 billion to buy bankrupt auto supplier Visteon Corp.’s (VSTNQ) automotive interiors and electronics business in China in order to expand its operations in the country. Earlier, in January this year, the company has approached Visteon for the unit and expressed its interest in a letter last week. However, [...]

(JCI) Johnson Controls Bids to Aquire Bankrupt Visteon

(JCI) Johnson Controls – Reports Strong Second-Quarter Results

vitalstocks — Mon, 24 May 2010 21:32:32 +0000

Johnson Controls (JCI) recently beat analyst estimates, and management raised its earnings guidance for fiscal year 2010. Johnson Controls is a Zacks #2 Rank stock that trades at 15.3x fiscal 2010 EPS estimates and 12.2x fiscal 2011 EPS estimates. Growth and Income Analysts estimate that Johnson Controls will grow its earnings per share at 12.0% [...]

(JCI) Johnson Controls – Reports Strong Second-Quarter Results

(CTB) Automotive Industry Stocks

Shawn — Fri, 30 Apr 2010 15:57:44 +0000

Lately I’ve been watching all the ads on TV and other places in the mass media where Ed Whitacre the GM CEO struts across the scene and brags about how proud he is that GM paid back their TARP loans ahead of time and with interest to boot. Nowhere did I hear a “Thank you”. [...]

(CTB) Automotive Industry Stocks

(BWA) Indian 3G Wireless Spectrum Auction to Make $11 Billion $$

vitalstocks — Tue, 27 Apr 2010 16:59:00 +0000

India’s 3G and broadband wireless access (BWA) spectrum (radio airwave) auctions are expected to earn more than INR500 billion (US$11.2 billion) in revenues, based on recent information from the country’s Department of Telecommunications (DoT). This represents a marked increase from the government’s previous revenue expectation of INR350 billion (US$7.8 billion). The DoT is auctioning 3-4 [...]

(BWA) Indian 3G Wireless Spectrum Auction to Make $11 Billion $$

(ALV) Autoliv Incorporated – Analysts Have Been Raising Estimates

vitalstocks — Mon, 19 Apr 2010 02:30:48 +0000

Autoliv Inc. (ALV) is hitting new 52-week highs but the stock isn’t altogether expensive. It is trading at just 12.4x forward earnings which makes it a value stock and puts it well below the average of the S&P 500 . Why is Autoliv so hot? Autoliv manufactures safety features for cars including seat belts and [...]

(ALV) Autoliv Incorporated – Analysts Have Been Raising Estimates