WABCO Identified by The Smart Cube as One of the Five Strongest and Most Financially...
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WABCO Identified by The Smart Cube as One of the Five Strongest and Most
Financially Stable Companies in the U.S. Automotive Parts Industry
BRUSSELS, June 30 /PRNewswire-FirstCall/ -- WABCO Holdings Inc.
[http://www.wabco-auto.com] (NYSE: WBC), 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. For
more information, visit http://www.thesmartcube.com
About WABCO
WABCO Vehicle Control Systems (NYSE: WBC) 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. For
more information, visit http://www.wabco-auto.com
Media, investors and financial analysts contact
Mike Thompson, +32-2-663-9854, mike.thompson@wabco-auto.com
Jason Campbell, +1-732-369-7477, jason.campbell@wabco-auto.com
SOURCE WABCO Holdings Inc.
Media, investors and financial analysts contact Mike Thompson, +32-2-663-9854,
mike.thompson@wabco-auto.com, Jason Campbell, +1-732-369-7477,
jason.campbell@wabco-auto.com
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