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Gentex transforms rear-view mirror into high-tech vision system

2015-09-19 04:47:03| Automakers - Topix.net

Gentex Corp is broadening its role from a traditional Michigan-based auto parts maker to a supplier of high-tech vision systems that eventually could be integrated into self-driving cars. General Motors Co will be the first automaker to use a new rear-view mirror developed by Gentex, on the 2016 Cadillac CT6 sedan.

Tags: system vision mirror transforms

Gentex Q4 sales gains lag forecasts; stock drops

2015-01-29 11:34:16| Automakers - Topix.net

Gentex Corp., a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. "The increase was behind the forecast provided at the beginning of the quarter primarily due to end of year inventory adjustments at certain tier-one automotive customers, that are not expected to continue," Automotive revenue for the quarter jumped 7 percent to $342.4 million, with mirror unit shipments increasing 9 percent from a year earlier.

Tags: sales stock gains lag

Gentex: Growth Through Niche Markets and Smart Acquisitions

2014-04-02 19:39:48| Auto Parts - Topix.net

The auto parts industry is well known for its harsh competitiveness. However, the best way to be a strong player in this industry is to have a niche market in which your company is infallible.

Tags: growth smart markets acquisitions

Gentex Corp. PT Raised to $27.00 at Jefferies Group

2013-10-27 13:07:17| Automakers - Topix.net

The firm currently has a "hold" rating on the stock. Jefferies Group's price objective points to a potential downside of 10.12% from the stock's previous close.

Tags: group raised corp jefferies