MWW Automotive Reports Financial Results For Fiscal Year 2010
Pinkerton continued, "Since smaller production runs fall squarely into MWW's core competencies, we are able to attract new business at a faster rate compared to last year. Accordingly, we are currently in testing, pre-production and production stages for several new long-term, mid-size projects, which have been awarded to us based on MWW addressing this market gap. We are expecting brisk business from these new relationships for 2011 and 2012."
Operational Developments during 2010
During 2010, MWW expanded its presence in color body side moldings and seat heaters, both of which can be installed either by the vehicle processing centers (VPCs) or the retail dealer. MWW expects that installation at the VPC and dealership level will increase along with market penetration rates.
During 2010, MWW continued production of the 4Runner running board program for Toyota Canada. This program launched in September of 2009 and should continue through 2014.Also in 2010, MWW continued the production of the Yaris HB package, which was approved in September of 2009 by Southeast Toyota. This program included a spoiler, interior trim and lighted door sills and is expected to run through 2014. MWW is expanding the marketing and sales of its newly designed carbon fiber seat heater systems, developed and launched in July 2009. The product line now has seven (7) configurations, broadening the spectrum of applications in many different vehicles. MWW has entered into a strategic partnership with one of the country's leading injection molding and thermal forming companies and has introduced a new line of high quality automotive Body Side Moldings. This new product brings to the marketplace unprecedented color consistency and durability and expands our product roster beyond our currently existing customer base. In addition to internal development programs, in 2010, MWW was engaged in various stages of joint program developments on a number of new programs with several other suppliers. These development efforts were undertaken to expand the Company's product offerings and customer base, while reducing overall development costs. These products are either currently being designed, prototyped or in various stages of tooling with expected launch dates in the second or third quarter of fiscal year 2011.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV