Driving in the Right Direction with Leadership Changes, Acquisitions, and Product Announcements - Research Report on Navistar, Cooper, Thor, Westport, and Gentherm
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NEW YORK, June 18, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Navistar International Corp. (NYSE: NAV), Cooper Tire & Rubber Company (NYSE: CTB), Thor Industries, Inc. (NYSE: THO), Westport Innovations Inc. (NASDAQ: WPRT) and Gentherm Inc. (NASDAQ: THRM). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Navistar International Corp. Research Report
On June 10, 2013, Navistar International Corporation (Navistar) announced its financial results for Q2 FY 2013 (period ended April 30, 2013). Total net sales and revenues were $2.5 billion compared to $3.3 billion in Q2 FY 2012. Net loss was $374 million or $4.65 per diluted share, compared to a net loss of $172 million or $2.50 per diluted share in Q2 FY 2012. Commenting on the results, Troy A. Clarke, Navistar's President and Chief Executive Officer, said, "We are not satisfied with our overall financial results this quarter, but we are pleased with the continued progress we made in a number of areas on our turnaround plan. We still face some significant, yet solvable challenges, primarily in the areas of higher pre-existing warranty costs for our earlier EPA 2010 emissions level engines, as well as in rebuilding sales and restoring market share."The Full Research Report on Navistar International Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f216_NAV]
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Cooper Tire & Rubber Company Research Report
On June 12, 2013, Apollo Tyres, Ltd. (Apollo), a tire manufacturer from India, announced the execution of a definitive merger agreement under which a wholly owned subsidiary of Apollo will acquire Cooper Tire & Rubber Company (Cooper) in an all-cash transaction valued at approximately (Indian Rupees) INR14,500 crores($2.5 billion). According to Apollo, this strategic combination will bring together two companies with highly complementary brands, geographic presence, and technological expertise to create a global leader in tire manufacturing and distribution. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Cooper stockholders will receive $35 per share in cash, representing a 40% premium over Cooper's 30-day-volume-weighted average price. The Full Research Report on Cooper Tire & Rubber Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/a9c9_CTB]
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Thor Industries, Inc. Research Report
On June 10, 2013, Thor Industries, Inc. (Thor) announced that its current President and Chief Operating Officer, Bob Martin, has been appointed to the position of Chief Executive Officer, with effect from August 1 2013. Additionally, Martin has been elected to serve on the Company's Board of Directors, also effective from August 1, 2013. Commenting on the appointment, Peter B. Orthwein, Thor's Chairman of the Board, said, "I am pleased to pass on the leadership of Thor to Bob Martin, someone who has a proven track record with both our Company and the RV industry. This transition marks a significant, positive step in our succession plan and I have confidence in the solid management team we have developed over the past several years. We now have excellent depth of talent across our senior management, and I am convinced that Bob's strong relationships with dealers and demonstrated ability make him the right person to lead Thor to the next level of growth, performance and profitability." The Full Research Report on Thor Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/aa7e_THO]
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Westport Innovations Inc. Research Report
On June 11, 2013, Westport Innovations Inc. (Westport) announced that the Volvo Car Group unveiled its new Volvo V60 Bi-Fuel car in conjunction with the NGV 2013 Gothenburg event that was held between June 11 and June 13, 2013 at the Swedish Exhibition Centre in Gothenburg, Sweden. The Company reported that the Volvo V60 Bi-Fuel car runs on either compressed natural gas (CNG)/biomethane or petrol (gasoline), and is a sporty estate car. Ian Scott, Executive Vice President of Westport, said, "Demand for natural gas vehicles in Sweden is expected to increase in response to the pending extension of the Government of Sweden alternative fuel tax incentive program. The launch of this product provides a new option for corporate and municipal fleet customers." Westport stated that the Volvo V60 Bi-Fuel car will be rolled out for sales in October 2013 in Sweden. The Full Research Report on Westport Innovations Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f53d_WPRT]
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Gentherm Inc. Research Report
On June 4, 2013, Gentherm Inc. (Gentherm) announced that Caspar Baumhauer, the Chief Executive Officer of its subsidiary, W.E.T. Automotive Systems AG, has stepped down from his position. Baumhauer's resignation was tendered on June 4, 2013, and was immediately effective. According to Gentherm, the Company is currently reorganizing its global personnel reporting structure, and Baumhauer has indicated that now is an appropriate time for him to pursue new opportunities. Gentherm President and Chief Executive Officer Daniel R. Coker, said, "During Caspar's eight-year tenure at W.E.T., that company grew to become a leader in many of the global markets it serves. His accomplishments at W.E.T. are to be commended, and we are grateful for his past contributions and service." Coker said that Baumhauer's responsibilities will be reassigned to other key members of the Gentherm/W.E.T. management team. The Full Research Report on Gentherm Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/9cd5_THRM]
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SOURCE Wall Street Reports
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