All Posts Tagged With: "AXL"
(AXL) American Axle and Manufacturing Swings to Profit
American Axle and Manufacturing (AXL) returned to profitability in the fourth quarter of 2009 after reporting losses since the first quarter of 2008. The company has posted a net income of $8.3 million or 14 cents per share (before special items), compared to a loss of $42.6...
8Feb2010 | vitalstocks | 0 comments | Continued(AXL) American Axle and Manufacturing Expects Profit
American Axle and Manufacturing (AXL) stated that it anticipates a profit in the fourth quarter of 2009. With this, the auto components manufacturer would report its second profitable quarter in about two years. American Axle expects sales of $1.5 billion in 2009, close to the...
14Jan2010 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook for 2010 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account...
30Dec2009 | vitalstocks | 0 comments | Continued(TM) Auto Industry Outlook – Dec. 09 – Industry Outlook
The auto industry is a highly concentrated one. About 10 global automakers account for over 77% of the production worldwide. Among them, Toyota Motors (TM) leads with a 13.3% market share, while its domestic rivals including Nissan (NSANY) and its alliance with Renault account...
29Dec2009 | vitalstocks | 0 comments | Continued(AXL) American Axle Reports Better than Expected Results
American Axle (AXL) posted a net loss of 18 cents before special items in the third quarter of the year. This is better than the Zacks Consensus Estimate of a loss of 37 cents per share. Net sales dipped 22% to $409.6 million. However, in absolute terms, it is the highest quarterly...
8Nov2009 | vitalstocks | 0 comments | Continued(AXL) Fitch Ratings Upgrades Auto Parts Suppliers
Fitch Ratings revised the rating outlook from negative to Stable for auto-parts suppliers American Axle & Manufacturing Holdings Inc. (AXL), Tenneco Inc. (TEN) and TRW Automotive Holdings Corp. (TRW). However, it retained a negative rating watch on ArvinMeritor Inc. (ARM)....
24Aug2009 | vitalstocks | 0 comments | Continued(GM) Automotive Industry – Industry Outlook
AUTOS: CHANGES TO COME The auto industry is on the verge of significant changes. CHRYSLER Chrysler filed for bankruptcy as debt holders rejected an offer to take a 15% stake in the restructured company. The Treasury reached a deal earlier this week with four banks that hold the...
1May2009 | vitalstocks | 0 comments | Continued(ALV) Auto Industry – Industry Outlook
OPPORTUNITIES The industry is very concentrated, with the top 8 global auto companies having more than 90% of global revenues and the top 50 global auto parts companies having 80% of global revenues (the top 4 US tire producers have 75% of the US market). There is a focus on...
10Mar2009 | vitalstocks | 0 comments | Continued