) announced that its ride performance and clean air technologies
will be deployed in
General Motors Company
) 2013 Chevrolet Malibu and Malibu Eco sedan. Tenneco will be
supplying the engineering and manufacturing resources for the
launch of Malibu in different global markets.
GENERAL MOTORS (GM): Free Stock Analysis
TENNECO INC (TEN): Free Stock Analysis Report
GENTHERM INC (THRM): Free Stock Analysis
VISTEON CORP (VC): Free Stock Analysis Report
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Tenneco is a global supplier of General Motors and supports the
auto manufacturer in the production of Chevy in North America,
China and Korea. It also helps GM in producing Buick Regal and
LaCrosse models in North America and China and Opel Insignia
model in Europe.
Tenneco will be supplying both the hot and cold-end
emission control systems for the 2.4L Ecotec four-cylinder
engine, 2.5L Ecotec four-cylinder engine and the new Ecotec 2.0L
turbocharged engine. It will also supply front strut modules,
rear shock absorbers and exhaust isolators to GM.
The hot-end exhaust systems for the Malibu are manufactured at
Tenneco's Smithville, Tenn. and Seward, Nebr. facilities while
converters are supplied from the Litchfield, Mich. plant.
Tenneco produces the cold-end exhaust systems at the Cambridge,
Ontario and Seward, Nebr. plants. Ride control components are
produced in Hartwell, Ga. and Kettering, Ohio plant and exhaust
isolators are manufactured at the Suzhou, China facility. In
addition, the company's emission control technical centers in
Edenkoben, Germany, Grass Lake, Michigan and Shanghai, China
provides engineering and system integration support
Tenneco, a Zacks Rank #2 (Buy) stock, reported an adjusted profit
of $40.0 million or 66 cents per share in the fourth quarter
2012, up 25% from $32.0 million or 53 cents in the corresponding
quarter a year ago. However, earnings missed the Zacks Consensus
Estimate by 2 cents.
Revenues decreased 1.7% to $1.75 billion, missing the Zacks
Consensus Estimate of $1.78 billion. Excluding substrate sales
and currency impact, revenues increased 1.9% to $1.39 billion.
The year-over-year increase in revenues was attributable to a
rise in sales volume of light vehicles in North America and China
and higher North American aftermarket sales.
Few stocks that are performing well in the industry where Tenneco
). Both of these companies carry a Zacks Rank #1 (Strong Buy).