GNTX, HAR Could Benefit From NHTSA Camera Proposal, J.P. Morgan Reports

On Dec 3rd, the National Highway Traffic Safety Administration (NHTSA) announced its proposal to expand the current rear visibility requirements in all vehicles in the U.S. that are 10,000lbs and under, J.P. Morgan reports. “Most auto manufacturers would comply with the new proposed standards by installing rear mounted video cameras and in-vehicle displays,” J.P. Morgan writes. “We view this as a potential modest positive for Gentex Corporation GNTX and Harman International Industries HAR in the near-term but expect the incremental revenue to be meaningful in the 2013/2014 timeframe when the feature is rolled out to additional vehicles.” Gentex closed Friday at $26.89; Harman International closed at $47.61.