WABCO Identified by The Smart Cube as One of the Five Strongest and Most Financially Stable Companies in the U.S.
BRUSSELS, June 30 -- WABCO Holdings Inc., 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."