Financial Review on Consumer Goods Stocks Dana Holding Corp. and Lear Corp. - Auto Parts Seeing Domestic Strength, Challenges Abroad
(firmenpresse) - NEW DELHI, INDIA -- (Marketwire) -- 11/07/12 -- While the recently strong U.S. auto sales have been a boon, there have been some mixed third quarter results coming out of the Auto Parts industry, within which Dana Holding Corporation and Lear Corporation operate. The Auto Parts industry has seen the above updates lately. And members can today access complimentary reports for two companies, (NYSE: DAN) and (NYSE: LEA), serving this industry by following this link
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Economic improvements, low interest rates, good access to credit, pent up demand and an ageing fleet of cars on the road are all factors that have been contributing to the uptick in auto sales seen recently. October continued the trend, gaining 6.8 percent over the same month last year. While hurricane Sandy may negatively impact short-term sales, many predict that December sales strength will be redoubled as insurance checks begin to flow. Street-Wire.com posted financial analysis on Lear Corporation today, members can access it at
Nevertheless, companies in the auto parts industry continue to face certain challenges. Companies with international operations felt the impact of softness in Europe and a strong dollar made for unfavorable currency exchanges. Furthermore, certain industry players have been dealing with substantial debt refinancing and redemption costs as well as restructuring charges. Dana Holding financial analysis available by signing up for free at
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Datum: 07.11.2012 - 07:00 Uhr
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