Auto Parts
(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...
(TRW) TRW Automotive Holdings Gears Up with New Brake
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...
(ALV) Company News for March 21, 2011 – Corporate Summary
• 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...
(JCI) Johnson Controls Incorporated – Bull of the Day
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...
(ALV) Autoliv Announces Increased Dividend
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...
(SUP) Superior Industries International Third Quarter 2010 Earnings Scorecard
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...
(SMP) Standard Motor Products – Earnings Beat Estimates by 48%
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...
(ARM) ArvinMeritor Earnings Report Beats Estimates
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...
(SUP) Superior Industries International – Bull of the Day
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...
(MGA) Magna International – Big Jump in Estimates – Awesome Balance Sheet
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...
(CLC) CLARCOR Incorporated – Highest Quarterly Profit in 10 years!
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...
(ALV) Autoliv Incorporated – Bull of the Day
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...
(ALV) Autoliv Incorporated – Bull of the Day
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...
(MGA) Magna International – Bull of the Day
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...
(TRW) TRW Automotive Holdings Announces Expansion of Facility in China
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...
(ALV) Autoliv Second Quarter 2010 Earnings Outpace Estimates
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...
(JCI) Johnson Controls Bids to Aquire Bankrupt Visteon
Johnson Controls Inc. (JCI) has offered $1.25 billion to buy bankrupt auto supplier Visteon Corp.’s (VSTNQ) automotive interiors and...
(JCI) Johnson Controls – Reports Strong Second-Quarter Results
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...
(CTB) Automotive Industry Stocks
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...
(BWA) Indian 3G Wireless Spectrum Auction to Make $11 Billion $$
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...
(ALV) Autoliv Incorporated – Analysts Have Been Raising Estimates
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...
(ARM) ArvinMeritor Exiting Car Business
ArvinMeritor Inc. (ARM) has revealed that it will sell the remaining part of its Light Vehicle Systems (LVS) business by the end of 2010. The company’s LVS segment includes the Body Systems business, which...
(CAAS) China Automotive Systems – Revenue For The Period Was Up 119% From Last Year
China Automotive Systems, Inc. (CAAS) has been charging higher for the last six weeks, recently moving within striking distance of the 52-week high at $27.17 on much better than expeced Q4 results from late...
(BWA) India Kicks Off 3G Wireless Spectrum Auction
The Indian telecom industry made history as the government finally kick-started the long-awaited 3G WCDMA spectrum (radio airwave) auction on Friday, April 9, 2010. India’s Department of Telecommunications (DoT) is conducting the 3G auction over the Internet with the bidders...
(BWA) BorgWarner Expands Asian Operations
BorgWarner Inc. (BWA) has expanded its Asian operations by opening up facilities in China and India. Last week, the manufacturer of powertrain applications unfolded a technical center in the Zizhu Science...
(BWA) BorgWarner Sees Robust China Growth
BorgWarner Inc. (BWA) expects that it will be able to sustain its 2000?2009 compound annual sales growth of 45% till at least 2014 in China . This was driven by the government’s policy aimed at promoting...
(BWA) BorgWarner Sees Chinese Policies Promoting Robust Growth
BorgWarner Inc. (BWA) expects that it will be able to sustain its 2000?2009 compound annual sales growth of 45% till at least 2014 in China . This was driven by the government’s policy aimed at promoting...
(BWA) Indian Telecom Regulators Reveal Wireless Spectrum Bidders
The Indian telecom regulator Department of Telecommunication (DoT) has divulged the names of the bidders for the upcoming 3G WCDMA spectrum (radio airwave) and broadband wireless access (BWA) auction in the country. The auctions have attracted 20 applicants who will vie for...
(TRW) TRW Automotive Holdings Auto Gets Rating Upgrades
Standard & Poor’s Ratings Services has upgraded its corporate credit rating on TRW Automotive Holdings Corp. (TRW) to “B+” from “B,” still four notches below investment...
(TEN) Tenneco Forms Chinese Joint Venture
Tenneco Inc. (TEN) has formed a joint venture (JV) with a Chinese company, Changchun FAW Sihuan Group Ltd. — a subsidiary of FAW Group Corp. The JV aims at manufacturing and supplying emission control...