WABCO Holdings Inc., a
global technology leader and tier-one supplier to the commercial vehicle
industry, today announced that a new report by The Smart Cube, a global
independent research firm, has identified WABCO as one of the five
strongest and most financially stable companies in the U.S. automotive
parts industry.
Facing its most difficult
operating environment in history, the automotive parts industry provides
an opportunity for a few suppliers to emerge leaner, stronger, more
financially stable and more competitive than ever before, according to
The Smart Cube's analysis of financial metrics of 98 companies that are
domiciled and publicly listed in the United States.
"The best companies have
maintained a strong liquidity position despite the slowdown in global
demand for cars and commercial vehicles. Out of this severe market
turmoil, a handful of new winners will emerge," said Theodore
Kim, CFA and Managing Director of The Smart Cube. "When this
shakeout is over, WABCO looks most likely to succeed due to its
increased focus on emerging markets, stronger strategic alliances, and
track record of outperforming the industry average on key financial
metrics."
"We anticipated this
unprecedented storm in our industry. As a result, we moved quickly to
mitigate adverse market conditions and adjust our cost structure to our
industry's new reality, without compromising our commitment to our
strategy of technology leadership, global expansion and excellence in
execution," said Jacques Esculier, WABCO Chairman and
Chief Executive Officer. "We are proud to be identified by The Smart
Cube as one of a very select number of companies that are the strongest
and most likely to continue to create value for stakeholders."
About The Smart Cube
The Smart Cube is a
global research firm delivering customized business intelligence to
major investment banks, hedge funds, corporations and management
consultancies throughout the world. Headquartered in
London, the firm has offices in New York,
Chicago, Detroit, Timisoara and
New Delhi.
About WABCO
WABCO Vehicle Control
Systems is a leading supplier of safety and
control systems for commercial vehicles. For over 140 years, WABCO has
pioneered breakthrough electronic, mechanical and mechatronic
technologies for braking, stability, and transmission automation systems
supplied to the world's leading commercial truck, trailer, and bus
manufacturers. With sales of $2.6 billion
in 2008, WABCO is headquartered in Brussels, Belgium.
Source: WABCO Press Release