AutoZone CEO Bill Rhodes On 2019 Aftermarket Outlook: ‘Trends Remain Encouraging’
AutoZone’s key priorities for 2019 include “customers first,” accelerating its commercial business, improving the omni-channel sales experience, leveraging technology and increasing inventory availability.
Automotive Trends: A Mostly Positive Outlook For The Aftermarket
The looming shift to autonomous technology is one of five trends that Seng highlighted in his AAPEX presentation, “Five Trends in Five Minutes: Key Trends Impacting the North American Automotive Aftermarket.”
Moody’s: Global Auto Sector Outlook Will Remain Stable Despite Tariffs
Moody’s Investors Service today issued its outlook for the global auto industry, projecting that the industry will remain stable into 2019 despite tariffs, thanks to steady car sales.
BorgWarner Provides 2023 Revenue Outlook Of $14 Billion
The company says it expects 2023 free cash flow of approximately $1 billion.
Delphi Technologies Reports 2nd Quarter 2018 Financial Results, Updates Full-Year Outlook
The company says strong momentum in key technologies continues with bookings of $5.3 billion in the first half of the year.
Cooper Tire & Rubber Co. Says 2nd Quarter 2018 Results In Line With Outlook; Revises 2nd Half Outlook
Second quarter net sales were $698 million, a decrease of 3.1 percent, compared with $721 million in the second quarter of 2017.
Delphi Technologies Reports Strong 1st Quarter 2018 Financial Results, Raises Full Year Outlook
The company reported revenue of $1.3 billion for the quarter, an increase of 5 percent compared to the respective equivalent prior period, on an adjusted basis.
Lear Reports Record 1st Quarter 2018 Results And Increases Full Year Financial Outlook
In the first quarter of 2018, sales were $5.7 billion, an increase of 15 percent year-over-year.
Valvoline Reports 1st Quarter Results; Updates Full-Year Outlook
The company has increased its full-year Adjusted EPS guidance from $1.30 to $1.38, which includes a lower adjusted effective tax rate of 27 to 28 percent, reflecting the benefits of tax reform.
BorgWarner Updates 2020 Revenue Outlook, Expects 5 To 7 Percent Organic Growth Over The Next 3 Years
BorgWarner said it expects its net new business backlog to drive a compound annual organic growth rate of 5 to 7 percent from 2017 through 2020, compared to compound annual industry growth of 0 to 1 percent over the same time period.