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Stock Market & Financial Investment News

News Breaks
April 25, 2014
06:40 EDTWBCWABCO reports Q1 EPS $1.28, consensus $1.26
Reports Q1 revenue $729.5M, consensus $688.04M. Jacques Esculier, WABCO chairman and CEO."In Q1, even though levels of truck and bus production in different regions around the world remained uncertain and volatile, we further increased WABCO content per vehicle and grew market share, generating nearly 10% of market outperformance globally. In Q1, WABCO set a new quarterly record for global aftermarket sales, even excluding consolidated results from Transics International, a leading provider of fleet management solutions in Europe that we acquired in mid-February 2014."
News For WBC From The Last 14 Days
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August 19, 2015
05:24 EDTWBCWABCO enters into long-term supply agreenent in with JMCH in China
WABCO announced that it has entered into several long-term supply agreements with JMCH, a new customer and an established major truck manufacturer based in China that is expanding into the heavy-duty truck segment. WABCO's new business involves wheel-end solutions, including air-disc brakes, as well as conventional brake valves, other brake components and clutch servo technology. WABCO will support two new and separate platforms for the customer's different brands of medium and heavy-duty trucks. Series production is planned to begin in three years for the Chinese market and expected export to Southeast Asia. WABCO China further differentiated its offering for this customer through highly cost-effective wheel-end solutions specially designed to satisfy local market requirements. Among other vehicle safety and efficiency technologies, WABCO will supply JMCH with MAXX air disc brakes. Located in Taiyuan, in Shanxi province, JMCH is a wholly owned subsidiary of Jiangling Motors.

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