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Tuesday, November 13, 2012

Automotive Stocks Earnings Snapshot; (OTCQB: COSH), (NYSE: F), (OTCQB: MWWC); Industry Suppliers Begin to Feel Recovery

New York, NY, Point Roberts, WA - November 13, 2012 ( energy newswire) staff:, an investor research portal specializing in sector research for independent investors, issues an automotive stocks earnings and trading snapshot for investors. As industry leaders like Ford (NYSE:F) report record best ever third quarter numbers, some of the industry suppliers are starting to feel the signs of recovery right behind them.

MWW Automotive Group (OTCQB: MWWC) reported last week that it has met its adjusted sales forecast for the fiscal year 2012, ending September 2012, generating revenue of $803,000. "While we had a difficult year, we feel that we have now reached our turn-around point and are on the path of recovery. We are pleased that we have been able to meet our adjusted sales forecast," states Chuck Pinkerton, CEO of MWW Automotive.
Cooper-Standard Holdings Inc. (OTCQB: COSH) is headquartered in Novi, Michigan and is a global supplier of systems and components for the automotive industry. Last week the Company reported revenue of $684 million for the third quarter of 2012, compared to $708.5 million in the third quarter of 2011. Sales were positively impacted by increased volumes in North America, offset by unfavorable foreign exchange of $42.5 million and decreased volumes in Europe. For the nine months ended September 30, 2012, revenue was $2.18 billion, compared to $2.16 billion in the same period in 2011, an increase of $26 million or 1.2 percent.
Cooper Standard Chief Executive Officer Jeffrey S. Edwards commented, "Our global footprint has been invaluable in managing headwinds in challenging markets. Cooper Standard has been able to deliver a relatively strong quarter despite lower volumes and ongoing weakness in Europe. As we support our customers, Cooper Standard will continue to win diverse global platform business, while focusing on meeting the demand for more fuel efficient technologies."
MAM Software Group, Inc. (OTCBB: MAMS) is a supplier of business and ERP supply chain management solutions to automotive parts manufacturers, distributors and retailers. Last week the Company reported first quarter results. Revenues were $6,483,000 for the three months ended September 30, 2012, compared with $6,162,000 for the three months ended September 30, 2011, an increase of $321,000 or 5.2%.
Ford (NYSE:F ) reported at the end of October its best-ever third quarter total company and Automotive pre-tax profit, driven by record North American results; positive Automotive operating-related cash flow; strong liquidity of $34.4 billion . It also reported third quarter pre-tax profit of $2.2 billion, or 40 cents per share, an increase of $200 million from third quarter 2011. Ford has now posted a pre-tax profit for 13 consecutive quarters Third quarter net income, including favorable special items of $83 million, was $1.6 billion, or 41 cents per share, both about the same as third quarter 2011 Total Automotive pre-tax profit was $1.8 billion, an increase of $436 million from third quarter 2011.
Trading Snapshot for Monday November 12th
  • Cooper-Standard Holdings Inc. (OTCQB: COSH) ended trading at $34.50
  • Delphi Automotive PLC (NYSE: DLPH) ended the day at $32.46, up 0.21 or 0.65%
  • Ford (NYSE:F) closed at $10.97, up 0.04 or 0.37%, with a day high of $11.16
  • General Motors Company (NYSE:GM) closed at $25.26, up 0.22 or 0.88%
  • MWW Automotive Group (OTCQB: MWWC) closed trading at $ 0.0004, gaining 0.0001 or 33.33%
  • Tesla Motors, Inc. (NasdaqGS: TSLA) finished the day at $31.07, up 0.75 or 2.47%, with a high of $31.42
More about MWW Automotive Group (OTCQB: MWWC)
The MWW Automotive Group (MWWC) is headquartered in Howell, Michigan, with a "Class A" manufacturing and logistics facility in Baroda, Michigan for the production of high quality OE automotive and industrial products. MWW delivers its products and "Class A" painting, assembly and logistics services directly to major US and Foreign automobile manufacturers' Vehicle Processing Centers (VPC) and/or assembly lines in North America. MWW's industrial products are delivered directly to the industrial manufacturers for installation in their facilities. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, BMW, Chevrolet, Hyundai, Kia Motors, MAZDA, GM, Ford, and their strategic partners ROUSH Performance and Polytec.
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