Barron's Auto Parts Breakdown
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Created by barrons3
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Date updated:05-09-2009

The auto industry's breakdown is putting parts-suppliers on the skids.

symbol name last price % change open
  • +
  • NOBL
    Nobl
  • $0.00
  • N/A
  • $N/A

The failures have already started. Last month, Nobel International (NOBL), a maker of laser-welded steel panels used in the Detroit Three's car and truck bodies, filed for Chapter 11.

People owning NOBL also tend to own: BUCYCLBCTSHDNAGEGENZGIL

TheStreet.com Rating: No Rating What is this?

  • +
  • LEA
    Lear Corporation
  • $77.74
  • +2.36%
  • $76.03

Also in this beaten-down group: Lear (LEA), which produces seat systems and electronic components in 36 countries. Even after a very sharp rally last week on a Buy recommendation by an automated statistical-analysis trading system, it closed Friday at $2.50. Whether the bears or the automated stockpicker have a better fix on the company's prospects might become clearer Thursday, when the company is scheduled to hold a conference call with analysts.

People owning LEA also tend to own: BRK-AMDCMSFTOSTKPNCLKTCCMRH

TheStreet.com Rating: No Rating What is this?

  • +
  • AXL
    American Axle & M
  • $10.55
  • 0.00%
  • $N/A

Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

People owning AXL also tend to own: AGOBACCSTRCVGWDRYSDTVES

TheStreet.com Rating: D- What is this?

  • +
  • SRI
    Stoneridge
  • $9.54
  • 0.00%
  • $N/A

Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

People owning SRI also tend to own: AAPLAPADLBDRRXEXASIJKSIRI

TheStreet.com Rating: D+ What is this?

  • +
  • DAN
    Dana Holding Corp
  • $11.94
  • 0.00%
  • $N/A

Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

People owning DAN also tend to own: ACEAYEAZOBBYBGBPZC

TheStreet.com Rating: E+ What is this?

  • +
  • ARM
    Arvinmeritor
  • $12.38
  • -4.03%
  • $12.91

Patel says that of the publicly traded major suppliers, those whose stocks are trading below $5 are considered to be at most risk. That group includes Lear (LEA), Stoneridge (SRI), Dana (DAN), ArvinMeritor (ARM) and American Axle (AXL), the last of which gets roughly three-quarters of its sales from GM.

People owning ARM also tend to own: BACEGCNXTCOLDQEMSPDNI

TheStreet.com Rating: E+ What is this?

  • +
  • MGA
    Magna Internation
  • $58.96
  • +0.91%
  • $58.54

Among the stronger companies is the largest North American supplier, Canada's Magna International (MGA), which makes everything from power trains to roofs and bodies. Despite a first-quarter loss, it is in talks to buy a stake in Opel, GM's German unit. However, a sudden run-up in the stock -- from about 20 in early March to the high 30s now -- makes it look pricey. And Standard & Poor's has put Magna on its credit watch list, with negative implications.

People owning MGA also tend to own: ADMAIZALLCBCNICOPCSC

TheStreet.com Rating: D+ What is this?

  • +
  • JCI
    Johnson Controls
  • $31.82
  • -0.59%
  • $32.24

Also on S&P's watch list: Johnson Controls (JCI), which supplies seats, doors, panels and consoles to every major global car maker, has $2 billion in liquidity and is well-diversified; Cummins Engine (CMI), a major force in diesel engines; and TRW Automotive (TRW), which is half-owned by the Blackstone Group (BX). Chrysler's bankruptcy filings show that it owes Johnson Controls $50.3 million; Cummins, $44 million; and TRW, about $5 million.

People owning JCI also tend to own: PGWECAEOBACCATLOWLVLT

TheStreet.com Rating: C+ What is this?

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