Auto Parts & Equipment

China Automotive Systems, Inc. (Nasdaq: CAAS), a leading power steering components and systems supplier in China, today announced that on May 16, 2011, as expected, it received an additional notification letter (the "May 16th Notification Letter") from the Nasdaq Stock Market indicating that the...

Viking Global's Andreas Halvorsen recently disclosed his long stock positions at the end of March. The filing reveals that Halvorsen initiated 5 big stock positions, spending a total of $2 Billion. Ole Andreas Halvorsen is one of the most successful Tiger cubs. Norwegian Halvorsen launched Viking...

Modine Manufacturing Company (NYSE: MOD) announced today that in order to provide for the future succession and an orderly transition of its Board of Directors in light of ordinary retirements, the company has appointed two new directors to its Board, effective following the Company's 2011 Annual...

Johnson Controls, Inc., (NYSE: JCI) today took legal action in the Delaware Chancery Court to dissolve the Johnson Controls-Saft joint venture. The joint venture was formed in 2006 to develop and manufacture lithium-ion motive battery solutions. "Johnson Controls and Saft have a fundamental...

WABCO Holdings (NYSE: WBC) today announced that the company has entered into a long term agreement with Hyundai Motor Company, South Korea's largest manufacturer of commercial vehicles, to develop and supply WABCO's OnGuardPLUS system, a breakthrough in emergency braking technology. OnGuardPLUS,...

Westport Innovations (NASDAQ: WPRT), a global leader in alternative fuel, low-emissions transportation technologies, today announced that it has entered into an agreement with Caterpillar, Inc. (NYSE: CAT) to evaluate direct injection, natural gas fuel system technologies for possible use on...

According to Morgan Stanley, Johnson Controls (NYSE: JCI) is its top supplier pick and one of the most powerful secular stories in the group, yet consensus appears to be conservative when modeling the growth potential. Morgan Stanley said that JCI's secular opportunities in green buildings, auto...

BMC increased its price target on SORL Auto Parts (NASDAQ: SORL) from $9 to $15. At the same time, BMC left its rating unchanged at Buy, following better than expected Q1 results. On Monday, SORL lost 1.54% to close the day at $5.77.

Morgan Stanley has raised the price target on Johnson Controls (NYSE: JCI) from $50 to $52 and maintains its Overweight rating.

Brean Murray Carret & Co. has lowered the price target on SORL Auto Parts (NASDAQ: SORL) from $15 to $9 and maintains its Buy rating.

Cusick's Corner Breach! Pressure mounts in Washington as the debt ceiling was breached (bad for the postal pension holders), sending the bond markets to their best levels. Government pension holders will be the backstop at least through the summer. In the commodity world, the floods along the...

Shares of American Axle & Manufacturing Holdings (NYSE: AXL) are higher on the session by 1.96%, trading at $11.46. Overall call volume is now running at 4.15x the daily average, with 64% of all calls traded being purchases on the offer. 14,115 contracts have traded on the session so far....

Lowe's Companies (NYSE: LOW) reported a 5.7% decline in its fiscal first-quarter net income. The company's quarterly profit dropped to $461 million, from $489 million, in the year-ago period. Its earnings per share came in at $0.34 per share. Its shares outstanding dropped 7.8% to 1.33 billion. The...

Amerigon Incorporated (NASDAQ: ARGN) today announced that it has, through its wholly-owned subsidiary, Amerigon Europe GmbH, completed the previously announced acquisition of a majority interest in W.E.T. Automotive Systems AG, a German company.  A total of 2,316,175 shares, representing 76.19 ...

SORL Auto Parts Inc (NASDAQ: SORL) reported upbeat first-quarter results and issued better-than-expected second-quarter revenue projections. SORL reported its Q1 net income attributable to stockholders at $4.9 million, or $0.25 per share, up from $3.6 million, or $0.19 per share, in the year-ago...