Repurchase Agreements, Business Outlook, Recognition for Customer Satisfaction, New Appointments and Funding Facility Extensions - Research Report on GM, Goodyear, Brunswick, Westport, and Navistar
Sep 26, 2013, 08:00 ET
NEW YORK, September 26, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting General Motors Company (NYSE: GM), The Goodyear Tire & Rubber Company (NASDAQ: GT), Brunswick Corporation (NYSE: BC), Westport Innovations Inc. (NASDAQ: WPRT), and Navistar International Corporation (NYSE: NAV). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
General Motors Company Research Report
On September 23, 2013, General Motors Company (GM) announced that it has reached an agreement to repurchase 120 million shares of its Series A Preferred Stock from the UAW Retiree Medical Benefits Trust (UAW VEBA) for a total cash consideration of approximately $3.2 billion, or $27 per share. The Company informed that the agreement is contingent upon the closing of its offering of senior unsecured notes on or before September 30, 2013. Further, GM also announced the launch of an offering of senior unsecured notes in five, 10, and 30-year tenors, with net proceeds intended for general corporate purposes, including the repurchase of Series A Preferred Stock from UAW VEBA. The Full Research Report on General Motors Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7634_GM]
The Goodyear Tire & Rubber Company Research Report
On September 20, 2013, The Goodyear Tire & Rubber Company (Goodyear) held its investor day. As per a press release issued on the same day, the agenda of the meeting included discussing strategies and goals for the next three years as well as its capital allocation plan. Further, as per the release, the Company reconfirmed its 2013 outlook for segment operating income of approximately $1.5 billion, and is targeting annual segment operating income growth of 10% to 15% through 2016. Goodyear also announced its capital allocation plan that includes the reinstatement of a quarterly cash dividend on the Company's common stock and a $100 million share repurchase program. In addition, the Company's Directors have declared a quarterly dividend of $0.05 per share of common stock, payable on December 1, 2013, to shareholders of record as of November 1, 2013. The Full Research Report on The Goodyear Tire & Rubber Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2caa_GT]
Brunswick Corporation Research Report
On September 19, 2013, Boston Whaler, owned by Brunswick Corporation (Brunswick), announced that it was recognized for excellence in customer satisfaction by the National Marine Manufacturers Association (NMMA) as a recipient of the 2013 Customer Satisfaction (CSI) Award for the tenth consecutive year. The Company informed that it has received the CSI Award by achieving and maintaining an independently measured standard of excellence of 90% or higher in customer satisfaction, with the score based on information provided by over 50,000 customers who purchased a new boat and engine in the past year. The Full Research Report on Brunswick Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7fb7_BC]
Westport Innovations Inc. Research Report
On September 16, 2013, Westport Innovations Inc. (Westport) announced the appointment of Thomas Rippon as the Company's Vice President of Mining and Rail. "Thomas brings excellent credentials in implementing operations in geographic markets that are key for Westport's off-road application programs," said Nancy Gougarty, President and COO of Westport. "His experience as a senior executive at a global original equipment manufacturer will support our priority to commercialize products that drive us toward profitability." The Company informed that in his new position, Rippon assumes the responsibility of Nick Sonntag, Executive Vice President of Westport and President of Westport Asia, who retired as of September 13, 2013. The Full Research Report on Westport Innovations Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f935_WPRT]
Navistar International Corporation Research Report
On September 18, 2013, Navistar International Corporation (Navistar) announced that its affiliate, Navistar Financial Corporation (NFC), has signed agreements to extend its $500 million dealer inventory funding facility for an additional six months, which now extends through September 2014. "The quality of our portfolio and strength of our dealer network have earned the ongoing confidence and support of our relationship banks," said Bill McMenamin, President of NFC. "This transaction provides continued flexibility in funding wholesale assets to help us support our dealer network and the sale of International trucks and IC Bus brand buses." The Full Research Report on Navistar International Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/fa1c_NAV]
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