LONDON, February 14, 2013 /PRNewswire/ --
Auto sales in North America are continuing to see a turnaround led by the U.S. The trend is expected to continue in 2013. Meanwhile, a rebound in the Chinese economy is also projected to boost auto sales in the world's second largest major economy. For auto parts manufacturers such as Johnson Controls Inc. (NYSE: JCI) and Delphi Automotive Plc (NYSE: DLPH), 2013 is anticipated to be another solid year. StockCall has issued technical analysis and charting reports on Johnson Controls and Delphi Automotive. Download these free reports now at
Auto Sales in U.S. Remain Strong
Vehicle sales in North America are expected to remain strong in 2013, led by the U.S. Earlier this month, U.S. automakers Ford Motor Company (NYSE: F) and General Motors Company reported strong sales for the month of January.
Earlier this month, Ford reported that its January U.S. sales rose 22%, with retail sales rising 24%. Ford's rival General Motors also reported a sharp rise in U.S. auto sales in January. The Detroit-based company reported a 16% increase in U.S. auto sales in January.
China Auto Sales to See Robust Growth
The Chinese economy has rebounded after slowing down last year. Recent economic data from the country points to accelerated growth, which should boost auto sales. Ford recently reported that its passenger car sales in China more than doubled in January. General Motors also posted strong sales in China in the month of January.
U.S. and China, two major markets, are expected to see robust growth in auto sales, which should benefit auto parts manufacturers.
Long-Term Growth Opportunities Intact
Last month, Stephen A. Roell, CEO of Johnson Controls, at the time of the release of the company's first quarter fiscal 2013 results, said that the company continues to have confidence in its full-year guidance for higher revenue and earnings in fiscal 2013. Roell noted that long-term growth opportunities for the company's businesses are intact. Download the free research on Johnson Controls Inc. today by registering at
In the first quarter of fiscal 2013, Johnson Controls' Automotive Experience segment reported revenue of $5.2 billion, driven by higher automotive production in North America and Asia, which was offset by lower production in Europe. The company's Automotive Experience segment income for the quarter was $101 million.
Overall, Johnson Controls reported net sales of $10.4 billion for the first quarter of fiscal 2013.
Delphi Expects to Benefit from Restructuring Actions
Last week, Delphi Automotive reported its fourth quarter results. For the quarter, the company reported revenue of $3.8 billion, down 3.4% over the same period in the previous year. The decline was mainly due to further reductions in European production and continued weakness of the Euro and the Brazilian real, which was partially offset by increases due to acquisitions. Sign up and have access to our free report on Delphi Automotive Plc at
Rodney O'Neal, President and CEO of Delphi Automotive, noted that the company's fourth quarter results reflect the continued high level of execution, particularly in the face of challenging environment in Europe. O'Neal said that the company has initiated significant restructuring actions, primarily in Europe, that it believes will provide future benefits.
Delphi's net income for the quarter was $287 million, or $0.90 per share. Adjusted net income for the quarter was $299 million, or $0.91 per share.
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