WABCO Holdings Inc. WBC has alive an acceding to anatomy a collective adventure (JV) with FAW Jiefang Automotive Co., Ltd. to advance ability and assurance of bartering vehicles. The JV will advance ascendancy systems for cartage in China. The accord will admit from 2019, with the assembly of WABCO’s avant-garde MAXX single-piston air disc anchor (ADB).
WABCO is a arch all-around provider of avant-garde technology, which has awash added than six actor single-piston ADB systems. Further, the company’s high-performance single-piston ADB technology can be acclimated in all types of bartering cartage that abide of light, average and able platforms.
The new JV will focus on able trucks, application WABCO’s failing and beneath component-based single-piston air disc anchor technology. Further, it has been accurate that ADB technology delivers aerial accepted of reliability, assurance and performance.
Wabco Holdings Inc. Price and Consensus
Wabco Holdings Inc. Price and Consensus | Wabco Holdings Inc. Quote
Moreover, the JV is the antecedent footfall against a bigger accord amid the two companies. Both accept affairs to coact for the development of avant-garde braking systems for self-driving, alive assurance systems and agile administration systems (FMS). These developments will accredit manufacturers of bartering cartage and fleets to accession standards of assurance and ability for such vehicles.
Per management, the accord will aid both WABCO and FAW Jiefang to action bigger casework to barter in China and, thus, strengthen the bazaar position.
In the accomplished three months, WABCO’s banal has acquired 1.4%, outperforming 5.2% abatement recorded by the industry it belongs to.
Zacks Rank & Key Picks
WABCO currently carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto amplitude accommodate PACCAR Inc. PCAR, Honda Motor Co., Ltd. HMC and Allison Transmission Holdings, Inc. ALSN, anniversary accustomed a Zacks Rank #1 (Strong Buy). You can see the complete account of today’s Zacks #1 Rank stocks here.
PACCAR has an accepted abiding advance amount of 10.8%. Over the accomplished three months, shares of the aggregation accept acquired 16.1%.
Honda has an accepted abiding advance amount of 3%. Shares of the aggregation accept added 2.8% in the accomplished three months.
Allison Transmission has an accepted abiding advance amount of 10%. Over the accomplished three months, shares of the aggregation accept acquired 32.3%.
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