The Powertrain Segment of
) is increasing the production of CrushShield systems in view of
its rising demand. The technology, which was introduced in 2011,
provides protection to the high-voltage cables in the hybrid and
electric vehicles in case there is a crash.
The CrushShield safeguards occupants by preventing the wiring of
critical systems from being cut in case a crash occurs. The
system keeps the high voltage electrical system in hybrid and
electric vehicles separated from the rest of the vehicle, thus
abiding by the Federal Motor Vehicle Safety Standards (FMVSS) 305
compliance. The customers also use CrushShield in the power,
safety and communication systems of other vehicles to provide
With technological improvement and modernization, the automakers
use electric or electro-hydraulic systems in all types of
vehicles. The CrushShield protects the electric power systems,
including electrical oil pump wire harnesses, power steering
motor cables and emergency communications system wiring.
The CrushShield is a cost effective protection system for the
automakers. CrushShield makes the wiring harness assembly lighter
and easier to install compared with other protection systems.
Federal-Mogul is a leading global supplier of powertrain, chassis
and safety technologies. The company's leading technology and
innovation, lean manufacturing expertise, as well as marketing
and distribution deliver world-class products, brands and
services with excellent quality at a competitive cost. Currently,
it carries a Zacks Rank #3 (Hold).
Federal-Mogul posted a 45.7% fall in earnings per share to 19
cents in the first quarter of 2013 from 35 cents in the
corresponding quarter last year. However, earnings per share
comfortably outpaced the Zacks Consensus Estimate of a loss of 29
Revenues also decreased 2.4% to $1.69 billion in the reported
quarter, missing the Zacks Consensus Estimate of $1.75 billion.
The year-over-decline was due to lower European light vehicle
shipment and reduced global commercial vehicle production.
Some other stocks that are performing well in the industry where
Federal-Mogul operates include
Tower International, Inc.
STRATTEC Security Corp.
). All the stocks carry a Zacks Rank #1 (Strong Buy).
FEDERAL MOGUL-A (FDML): Free Stock Analysis
STRATTEC SEC CP (STRT): Free Stock Analysis
TOWER INTL INC (TOWR): Free Stock Analysis
VISTEON CORP (VC): Free Stock Analysis Report
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