Lear Corp. rose the most in more than a year while Dana Holding Corp. fell after the auto-parts suppliers reported quarterly earnings.
BorgWarner Inc. veteran Roger Wood is to be named the new chief executive officer of Dana Holdings Inc., replacing chairman and interim CEO John Devine, who is retiring, the Wall Street Journal reported, citing Dana.
Industrial production in the U.S. probably rebounded in December, a sign that manufacturing was weathering a global slowdown at the end of last year, economists said before a report today.
Factories in the U.S. churned out more computers, cars and construction material in December as manufacturing remained at the center of the expansion.
Dana Holding Corp., a maker of truck axles and frames, aims to boost profit margins to as much as 12 percent by next year as fuel-saving technologies fetch higher prices.
Manufacturing in the Philadelphia region expanded at faster pace in January as employment picked up and factories grew more optimistic about business in the next six months.
BorgWarner Inc., a maker of turbochargers, rose the most in more than two years after forecasting annual profit that topped analysts’ estimates.
"Demand levels in a number of our key markets provided a bit of a headwind for us in the first quarter, but overall results were in line with our expectations."
- Roger Wood on Apr 25, 2013