Financial Review on TRW Automotive Holdings and American Axle & Manufacturing Holdings - Auto Parts Seeing Domestic Strength,...
07 Novembre 2012 - 2:00PM
Marketwired
While the recently strong U.S. auto sales have been a boon, there
have been some mixed third quarter results coming out of the Auto
Parts industry, within which TRW Automotive and American Axle &
Manufacturing operate. The Auto Parts industry has seen the above
updates lately. And members can today access complimentary reports
for two companies,
TRW Automotive Holdings
Corp. (NYSE: TRW) and
American Axle &
Manufacturing Holdings Inc. (NYSE: AXL), serving this industry
by following this link http://www.street-wire.com/register.php
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Economic improvements, low interest rates, good access to
credit, pent up demand and an ageing fleet of cars on the road are
all factors that have been contributing to the uptick in auto sales
seen recently. October continued the trend, gaining 6.8 percent
over the same month last year. While hurricane Sandy may negatively
impact short-term sales, many predict that December sales strength
will be redoubled as insurance checks begin to flow. TRW Automotive
financial analysis available by signing up for free at
http://www.street-wire.com/TRW07112012.pdf
Nevertheless, companies in the auto parts industry continue to
face certain challenges. Companies with international operations
felt the impact of softness in Europe and a strong dollar made for
unfavorable currency exchanges. Furthermore, certain industry
players have been dealing with substantial debt refinancing and
redemption costs as well as restructuring charges. Access our
financial analysis on American Axle today at
http://www.street-wire.com/AXL07112012.pdf
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