The company - which makes car-parts, industrial motors and controls systems - is active in the US car market. This is expected to fall next year and analysts are coming to the realisation that their profit estimates are too high. There are likely to be a number of downgrades in the next few weeks.
In September, the company reported a first-half loss per share of 6.3p down from 9.1p last year. Copyright: IOS and BloombergReuse content