2026 Market and Backlog January 21, 2026 Safe Harbor Statement Certain statements and projections contained in this presentation are, by their nature, forward- looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be ide ...

Group 1 - The Chinese market regulator has approved American Axle & Manufacturing's acquisition of Dowlais Group, which owns GKN Automotive, indicating a positive regulatory stance towards the deal [1] - The approval suggests that the regulator has thoroughly evaluated the potential impacts of the acquisition on the market [1]

Visteon (NASDAQ:VC) is currently in Phase 2 of its 18-phase Adhishthana cycle, and since September last year, the stock has already declined by more than 28%. To understand why this weakness has emerged, and what may lie ahead, it is important to examine the stock through the lens of Adhishthana principles.Analysing Visteon's Phase 2 StructureUnder the Adhishthana framework, Phase 2 unfolds in two distinct segments. The first is the Sankhya period, which is typically characterised by consolidation, sluggish ...

SWINDON, United Kingdom--(BUSINESS WIRE)---- $ST #EVs--Sensata launches STEV high-voltage contactors, engineered for high efficiency and robust protection to meet the evolving demands of EVs. ...

Core Insights - The transaction involving Jason Cardew, CFO of Lear Corporation, reflects a procedural sale rather than a directional signal for investors, as it aligns with his recent trading patterns and does not significantly alter the long-term investment thesis for the company [6][8]. Company Overview - Lear Corporation is a global supplier specializing in automotive seating and electrical systems, leveraging deep engineering expertise and a broad product portfolio to deliver integrated solutions for vehicle manufacturers worldwide [5]. - The company has a diversified customer base and a strong presence across major automotive markets, supporting its competitive positioning and growth strategy [5]. Transaction Details - Jason Cardew sold 5,000 shares of Lear Corporation for approximately $590,845, which represents a 24.70% reduction in his direct holdings, leaving him with 15,244 shares [2][3][4]. - This sale matches the largest single insider sale by Cardew over the last decade and is consistent with the recent median sale size in both absolute terms and as a percentage of holdings [3][4]. Financial Performance - In the third quarter, Lear reported revenue of $5.7 billion, reflecting a 2% year-over-year increase, alongside adjusted earnings per share of $2.79 [7]. - The management raised its full-year free cash flow outlook to as much as $525 million, indicating balance sheet strength despite challenges in global vehicle production [7].

MAUMEE, Ohio, Jan. 7, 2026 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) will host a webcast and conference call on Wednesday, January 21, 2026, at 10 a.m. EST. The discussion will cover the company's market outlook, new business growth, capital return strategy, and preliminary 2025 results. Dana's Chairman and Chief Executive Officer R. Bruce McDonald and Senior Vice President and Chief Financial Officer Timothy Kraus, along with other members of the management team, will provide insights on these topics ...

Core Viewpoint - The portfolio managers of GAM-managed special situations funds are advocating for full transparency regarding the fairness analysis of the proposed tender offer by Samvardhana Motherson International (SAMIL) for Yutaka Giken, urging either the abandonment of the transaction or a significantly higher offer price to protect minority shareholders [1][2][4]. Summary by Relevant Sections Tender Offer Details - The tender offer premium for Yutaka Giken's shares is only 6.4%, significantly lower than the average premium of 28.7% observed in comparable transactions [3][8]. - The proposed offer price of ¥3,024 per share is viewed as inadequate, with the portfolio managers suggesting that a fair price should be at least 50-70% higher [19]. Valuation Concerns - The implied valuation from the tender offer is reported to be below Yutaka Giken's net cash of ¥42.2 billion, raising concerns about the fairness of the offer [3][12]. - The portfolio managers have highlighted that the tender offer price does not meet average premium levels seen in similar transactions, and no quantitative justification has been provided for the low premium [13][18]. Recommendations - The portfolio managers are calling for the publication of the fairness opinion and the underlying valuation work, including key assumptions used in discounted cash flow (DCF) analysis [7][14]. - They recommend reassessing the transaction to either withdraw it or secure a significantly higher price, noting that the current offer undervalues Yutaka Giken [4][19]. Market Reaction and Implications - Following the announcement of the tender offer, SAMIL's market capitalization increased significantly, suggesting that the acquisition is being viewed favorably by the market despite the low offer price [10]. - The transaction is seen as potentially damaging to the reputation of Japanese corporate governance, particularly regarding the treatment of minority shareholders [20]. Financial Metrics - Yutaka Giken's forecasted revenue for FY 3/26 is ¥162.0 billion, with an EBITDA margin of 9.5% [17]. - The tangible book value of Yutaka Giken is reported at ¥100.2 billion, indicating that the tender offer price represents a price-to-book ratio of 0.30x [17]. Conclusion - The portfolio managers express strong disappointment with the sale process, citing a lack of transparency and governance flaws, and emphasize the need for a fair valuation that reflects Yutaka Giken's intrinsic value [12][20].

The U.S. stock market has opened to a mixed performance this Friday, December 26, 2025, as traders return from the extended Christmas holiday break. Following a full market closure on Christmas Day and an early close on Christmas Eve, both the New York Stock Exchange (NYSE) and Nasdaq have resumed normal trading hours, from 9:30 AM ET to 4:00 PM ET. Despite a slight pullback in futures earlier in the morning, major indexes are showing cautious movements, building on a robust performance seen earlier in the ...

U.S. stock markets have resumed normal trading hours today, Friday, December 26, 2025, following the Christmas Day holiday, with investors keen to extend the bullish momentum that closed out the shortened trading week. Major indices ended Wednesday's session at fresh record highs, fueled by robust artificial intelligence (AI) sector performance and encouraging economic data. As markets opened this morning, premarket futures indicated a mixed to slightly subdued start, with the Dow Jones Industrial Average ( ...

Group 1 - Impax Asset Management's "Impax Global Environmental Markets Fund" reported a portfolio return of 4.55% in Q3 2025, underperforming the MSCI ACWI index which returned 7.62% [1] - The strong performance of global equities in Q3 2025 was attributed to solid macroeconomic conditions, rising corporate earnings, fiscal stimulus, and banking deregulation [1] - The focus on hypergrowth, cyclical, and value stocks has led to increased market concentration, posing challenges for quality-focused investors [1] Group 2 - Aptiv PLC (NYSE:APTV) experienced a one-month return of -0.08% and a 52-week loss of 28.06%, closing at $76.77 per share with a market capitalization of $16.717 billion on December 24, 2025 [2] - In Q3 2025, Aptiv PLC's revenues increased by 6% on an adjusted basis to $5.2 billion, indicating growth despite tariff headwinds affecting the automotive sector [4] - Aptiv PLC's strong quarterly results exceeded expectations, contributing to margin and volume growth for the company [3]