Auto Suppliers

The U.S. Vehicle Suppliers Association has called for immediate measures to address China’s limited rare earths exports, warning of potential disruptions in auto parts production. What Happened: The Motor & Equipment Manufacturers Association (MEMA) issued a statement on Wednesday,...

The United Auto Workers (UAW) union initiated a strike against Detroit's three major automakers following the expiration of their contracts. The strike, historically unprecedented in its scale, targets Ford Motor Co (NYSE: F), General Motors Co (NYSE: GM) and Stellantis NV (NYSE: STLA...

As the auto sector continues to face regulatory pressure and declining sales, one analyst is eyeing suppliers with caution. The Ratings Guggenheim analyst Ali Faghri initiated coverage on the following stocks: Aptiv PLC (NYSE: APTV) with a Buy rating and $98 price target; Gentex Corporation (...

The auto industry is beginning the week with worries about President Donald Trump’s threat to put tariffs as high as 25 percent on U.S. imports from Mexico as officials from the two countries begin talking details. Mexican Economy Minister Graciela Marquez planned to meet Monday with U.S....

Meritor, Inc. (NYSE: MTOR) announced Wednesday that it has entered into an agreement with an affiliate of The Carlyle Group LP (NASDAQ: CG) to acquire AxleTech for about $175 million in cash. What Happened The sale price is adjusted for changes in working capital at closing, Meritor said in a press...

Slowing car sales and uncertainty about global trade generally make Bank of America Merrill Lynch cautious on North American auto parts suppliers. An expected drop in car sales volume will affect supplier earnings, analyst John Murphy said in a Jan. 17 note issued after the North American...

The auto industry has fallen on challenging times as raw materials face heavy trade barriers, component demand evolves to fit next-gen models and vehicle sales decline. In this environment, some suppliers are better positioned than others to emerge undented.  The Analyst Morgan Stanley analyst...

Visteon Corp (NASDAQ: VC) was hit with two downgrades recently as sell-side analysts project limited upside for the auto supplier stock.  The Analysts Goldman Sachs' David Tamberrino on July 13 downgraded Visteon from Buy to Neutral and lowered the price target ...

Automobile seat maker Adient PLC (NYSE: ADNT)'s announcement Monday of a management shuffle and guidance cut makes it clear that prior expectations for a "quick fix of operational issues" have become a "multiyear turnaround story with greater risk," according to Baird. The...

Auto suppliers by and large outperformed the consensus last quarter, and Morgan Stanley anticipates continued growth manifested in easier production comps, sequential margin expansion and free cash flow conversion. “The results this quarter do not change our thesis that there is room for...

Shares of auto supplier Visteon Corp (NASDAQ: VC) were hit with a double downgrade from Morgan Stanley Thursday. The stock was down more than 4 percent at the close Friday.  The Analyst Morgan Stanley downgraded Visteon from Overweight to Underweight and lowered the price target from...

The auto sector can be divided into two entities: Auto 1.0, the more traditional and legacy auto sector, and Auto 2.0, which includes shared, electric and autonomous vehicles, according to Morgan Stanley. The Analyst Morgan Stanley's team of analysts led by Armintas Sinkevicius, Adam Jonas...

Some consider Allison Transmission Holdings Inc (NYSE: ALSN) at risk of losing clients in the transportation industry’s ostensible shift toward electric powertrains, but others on the Street think the truck supplier’s set to surge ahead. The Rating Stifel Nicolaus analyst Michael...

The Street has a lot of love for the nascent Delphi Technologies PLC (NYSE: DLPH), spun off from Delphi Automotives’ Aptiv PLC (NYSE: APTV) at the end of 2017. The firm added another positive rating to its cache Tuesday, boosting its ratio to nine Buys and three Holds. The Rating BMO...

With its internal combustion engine and electric tech segments, Delphi Technologies PLC (NYSE: DLPH) has its hands in the auto industry’s past and its future. The position buffers Delphi against unstable demand and ensures its solid relevance throughout the transition. Largely for this reason...