Record Sales, Improving Cost Structures, Positive Operating Margins and Leadership Changes for Long-term Growth - Research

   Record Sales, Improving Cost Structures, Positive Operating Margins and
  Leadership Changes for Long-term Growth - Research Report on Lear, WABCO,
                        Autoliv, Westport, and Meritor

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

NEW YORK, July 31, 2013

NEW YORK, July 31, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Lear
Corp. (NYSE: LEA), WABCO Holdings Inc. (NYSE: WBC), Autoliv, Inc. (NYSE: ALV),
Westport Innovations Inc. (NASDAQ: WPRT), and Meritor, Inc. (NYSE: MTOR).
Today's readers may access these reports free of charge - including full price
targets, industry analysis and analyst ratings - via the links below.

Lear Corp. Research Report

On July 26, 2013, Lear Corp. (Lear) reported its Q2 2013 financial results.
The Company announced that its net sales increased 12.2% YoY to $4.1 billion,
and core operating earnings came in at $223.7 million, up 13.4% YoY, in Q2
2013. Adjusted EPS grew 20.0% YoY to $1.62. "Lear performed well in the second
quarter, with sales and earnings growing faster than global industry
production," said Matt Simoncini, Lear's President and CEO. "Our strong
financial position allows us to strengthen and grow our business while
improving our cost structure. We plan to maintain a balanced approach of
investing in the business and returning excess cash to shareholders in order
to drive shareholder value." The Company has updated its full-year 2013 net
sales outlook to $15.8 billion from a range of $15.0 billion to $15.5 billion.
Core operating earnings are projected to be $750 million to $800 million along
with an estimated free cash flow of $300 million. The Full Research Report on
Lear Corp. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/LEA]

WABCO Holdings Inc. Research Report

On July 26, WABCO Holdings Inc. (WABCO) reported its Q2 2013 financial
results. The Company reported sales of $678.2 million, up 6.8% YoY in Q2 2013.
Operating margin during the quarter was 13.5% against 14.6% in Q2 2012.
Diluted EPS was $1.30 versus $1.19 in Q2 2012. "In Q2 2013, WABCO delivered
yet another record quarterly performance fueled by our continued ability to
outperform a sluggish market. Indeed, WABCO's revenues increased 6.8% year on
year, helped by growth of 8.1% in aftermarket revenues," said Jacques
Esculier, WABCO Chairman and CEO. The Company updated its full year 2013
guidance, indicating sales growth to range between 5% to 8% in local
currencies, and diluted EPS to range from $4.70 to $5.00. The Full Research
Report on WABCO Holdings Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/WBC]

Autoliv, Inc. Research Report

On July 19, 2013, Autoliv Inc. (Autoliv) reported its Q2 2013 financial
results. The Company reported that its consolidated sales increased 5.2% YoY
to approximately $2.2 million, and net income attributable to Autoliv
increased 9.7% YoY to $138.7 million, during Q2 2013. The Company's cash flow
from operations totaled $191.8 million, compared to $218.6 million in Q2 2012
and operating income was $194.0 million against $190.4 million in Q2 2012. EPS
increased 8.3% YoY to $1.44. Jan Carlson, President and CEO of Autoliv,
commented "Autoliv had a solid quarter achieving record sales and a solid
operating margin. The global vehicle production developed slightly better than
anticipated, and through good execution and high deliveries to well performing
vehicle platforms we were able to benefit from the increase. During the
quarter Autoliv held a Capital Market Day outlining future strategies for
growth, and it is especially pleasing to see the key strategic growth areas of
active safety, and new growth markets, specifically China, performing well."
Further, Autoliv expects its organic sales for 2013 to increase by 4%,
reaching the upper end of its earlier guidance of between 2% to 4% growth. The
Full Research Report on Autoliv, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.investorsreports.com/report/2013-07-29/ALV]

Westport Innovations Inc. Research Report

On July 26, 2013, Westport Innovations Inc. (Westport) announced the
appointment of Nancy Gougarty as the President and COO of Westport. "Nancy
brings valuable direction and experience in product delivery execution from
her roles in the global automotive sector," said David Demers, CEO of
Westport. "Nancy will play a key role in implementing our strategic
priorities, supporting Westport in meeting the challenges of operating a
global business and driving Westport's financial success with her experience
in operations and international product sales." According to the Company, Ms.
Gougarty has previously held several leadership positions in the automotive
sector including Managing Director for General Motors and Vice President for
Delphi Automotive Systems, Japan, and Korea. The Full Research Report on
Westport Innovations Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-29/WPRT]

Meritor, Inc. Research Report 

On July 23, 2013, Meritor Inc. (Meritor) announced the appointment of Charles
Christman as the Director of Investor Relations, with immediate effect. In his
new role Christman will be responsible for communicating the Company's
financial information as well as its strategic vision to Meritor's
shareholders and other constituents. "Charlie's background and extensive
industry experience make him an excellent choice for this important financial
role," said Carl Anderson, Vice President and Treasurer of Meritor. "He is
well positioned to help Meritor continue reaching out to our key
stakeholders." According to the Company, prior to Christina's engagement with
Meritor, he held the position of Manager, Capital Markets at General Motors.
The Full Research Report on Meritor, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.investorsreports.com/report/2013-07-29/MTOR]

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