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.

Goldman Sachs has upgraded Tenneco (NYSE: TEN) from Neutral to Buy.

Rodman & Renshaw is out with its report today on SORL Auto Parts (NASDAQ: SORL), lowering its PT to $10. In its report, Rodman & Renshaw writes, "In line with our lowered financial projections we are also lowering our price target on SORL from $18.00 to $10.00. Our new price target...

Amerigon Incorporated (NASDAQ: ARGN) today announced that it has been awarded an $8 million grant from the U.S. Department of Energy (DOE) to lead the development of an energy recovery system that can improve passenger car fuel efficiency by five percent by converting waste heat from gas exhaust...

Lippert Components, Inc., a subsidiary of Drew Industries Incorporated (NYSE: DW) announced today that it has been designated the exclusive supplier to the RV industry of Cequent Performance Products' innovative new patent pending Reese® "Goose Box™" adaptor for gooseneck hitches.

Exide Technologies (Nasdaq: XIDE) announced today the commencement of an exchange offer pursuant to which it is offering to exchange up to $675,000,000 in aggregate principal amount of its 8⅝% Senior Secured Notes due 2018, which have been registered under the Securities Act of 1933 (the "Act"),...