Auto Parts & Equipment

Johnson Controls, Inc., (NYSE: JCI) and Saft have reached an agreement to end their joint venture, Johnson Controls-Saft, which was formed in 2006 to develop and manufacture Li-ion vehicle batteries. Under the terms of the agreement, Johnson Controls will acquire Saft's share of the company for $...

Standard Motor Products, Inc. (NYSE: SMP) today announced that its Board of Directors has authorized the purchase of up to $5 million of its common stock under a stock repurchase program. Stock will be purchased from time to time, in the open market or through private transactions, as market...

Enova Systems (NYSE: ENA) has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission. When the shelf registration statement is declared effective by the SEC, it will allow Enova to periodically sell, in one or more offerings, up to $50 million of securities,...

Who would have thought that the American and Japanese Automakers would work together? Automotive sales and manufacturing is a profession laden with fierce competition. Now that Ford and Toyota are collaborating to develop technologies for trucks and SUVs, many investors are looking to profit from...

Drew Industries Incorporated (NYSE: DW) today reported that its wholly-owned subsidiary, Lippert Components, acquired from EA Technologies, LLC the business and certain assets of the towable RV chassis and slide-out mechanism operation previously owned by Dexter Chassis Group. The acquired...

Hyundai teamed with Gentex Corporation (NASDAQ: GNTX) to develop an automatic-dimming rearview mirror that acts as the interface for Hyundai's new Blue Link™ technology. The mirror's bezel houses three buttons that, when pressed, allow the driver to use voice commands to operate a wide range of...

This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...

Robert W. Baird upgraded Abercrombie & Fitch Company (NYSE: ANF) from “neutral” to “outperform.” ANF's shares closed at $64.87 yesterday. Abercrombie & Fitch's PEG ratio is 1.29. Analysts at Goldman Sachs upgraded Tenneco Inc (NYSE: TEN) from “neutral” to “buy.” Tenneco's shares closed at...

Goldman Sachs has upgraded BorgWarner (NYSE: BWA) from Sell to Neutral.

Goldman Sachs has downgraded TRW Automotive (NYSE: TRW) from Buy to Neutral.