Tenneco Inc.TEN has introduced DRiV, its digital suspension technology. This exclusive damper technology, with its simplified design and ability to promptly adjust to all road surfaces and conditions, makes it a good option for manufacturers who want to easily integrate solution for better ride performance.
DRiV's simple and cost-effective technology is well-suited to meet suspension challenges faced by pickup trucks and results in reducing shake and bounce. The adaptive damping technology automatically makes adjustments in all road conditions, which allows DRiV to exert better control, thus ensuring a smooth ride.
For the application of the DRiV technology, extensive re-engineering of the vehicle's mechanical and electrical systems is not required. This makes DRiV easy to integrate into the existing suspension.
Lake Forest, IL-based Tenneco is a leading manufacturer and supplier of emission control, ride-control systems and systems for light, plus commercial and specialty vehicle applications. The company has underperformed the Zacks categorized Automotive - Original Equipment industry in the last three months. The company's share price has declined 8.5% during this period, while the industry has gained 3.4%.
Currently, Tenneco carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Ferrari N.V. RACE , Allison Transmission Holdings, Inc. ALSN and Dana Incorporated DAN . While Ferrari sports a Zacks Rank #1, Allison Transmission Holdings and Dana Incorporated carry a Zacks Rank #2 (Buy).
Expected long-term growth rate for Ferrari, Allison Transmission Holdings and Dana Incorporated are 14.1%, 11% and 3%, respectively.
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