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LONDON, UK / ACCESSWIRE / January 16, 2018 / Active-Investors.com has just released a free research report on WABCO Holdings Inc. (NYSE: WBC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WBC as the Company's latest news hit the wire. On January 11, 2018, the Company declared that it has signed a new long-term agreement to supply its latest generation of tailored automated manual transmission (AMT) valve technology to Europe-based major global manufacturer of trucks and buses. WABCO is the first company to introduce automated manual transmission control technology for commercial vehicles. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, WABCO Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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WABCO's Technology Leadership in AMT Valve Technology Will Offer Multiple Benefits to its Client
As per the agreement, WABCO will support future series production as the sole supplier, primarily in Europe and South America. Further differentiated by its global infrastructure, the Company provides production and supply chain capabilities that are in close proximity to the sites where this major customer plans their new gearbox and transmissions to be produced. WABCO's technology leadership in AMT valve technology will offer multiple benefits to its client, including a reduction in fuel costs and increased safety and driver comfort.
WABCO Extended AMT Supply Agreement with Daimler Trucks in 2017
In June 2017, Daimler Trucks, the world's largest manufacturer of trucks over six tons, extended its long-term supply agreement with WABCO for new heavy-duty AMT control technology to support its series production mainly in Europe, North America, Japan, and South America. This contract with Daimler Trucks extended WABCO's existing AMT supply agreement, while also expanding its volume.
WABCO's AMT Technology
AMT technology enables efficient, cost-effective automatic shift of gears and controls clutch actuation for commercial vehicles. Additionally, this advancement can improve fuel savings by up to 3% through optimized gear shifting. WABCO AMT solutions also differentiate through reduced component weight, more compact design and simplified assembly processes, resulting in lower manufacturing and installation costs. This technology can operate in high temperature conditions. With AMT, vehicle operators can reduce mechanical wear on gearboxes, lower maintenance costs, and decrease vehicle downtime, and also enable drivers to focus further attention on road and traffic conditions, resulting in increased comfort and safety.
WABCO Recently Made Strategic Investment in Advancing Electric Commercial Vehicle Sector
On December 20, 2017, WABCO made a $10 million strategic investment in Nikola Motor Company, a leader in the design and manufacturing of hydrogen-electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains headquartered in Salt Lake City, Utah (USA). The transaction demonstrated WABCO's commitment to advance the development of electric and highly automated commercial vehicles in North America and around the globe. WABCO and Nikola also signed an agreement to accelerate the development of industry-leading safety technologies specifically designed for electric commercial vehicles, including electronic braking systems (EBS) as well as traction and stability control technologies.
About WABCO Holdings Inc.
Founded in 1869, WABCO Holdings is a leading global supplier of technologies and services that improve the safety, efficiency and connectivity of commercial vehicles. The Company continues to pioneer breakthrough innovations for advanced driver assistance, braking, stability control, suspension, transmission automation, and aerodynamics. Headquartered in Brussels, Belgium, WABCO has 13,000 employees in 40 countries.
Stock Performance Snapshot
January 12, 2018 - At Friday's closing bell, WABCO Holdings' stock rose 1.51%, ending the trading session at $155.02.
Volume traded for the day: 222.90 thousand shares.
Stock performance in the last month – up 6.90%; previous three-month period – up 4.32%; past twelve-month period – up 45.35%; and year-to-date - up 8.03%
After last Friday's close, WABCO Holdings' market cap was at $8.32 billion.
Price to Earnings (P/E) ratio was at 28.04.
The stock is part of the Consumer Goods sector, categorized under the Auto Parts industry. This sector was up 0.3% at the end of the session.
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