SOURCE: World Street Fundamentals

June 29, 2011 09:00 ET

Equity Research on Westport Innovations Inc. and Magna International Inc. - The Right Parts Make the Drive Smooth

HONG KONG--(Marketwire - Jun 29, 2011) - Today, released its industry report highlighting Westport Innovations Inc. (NASDAQ: WPRT) and Magna International Inc. (NYSE: MGA). Full fundamental and technical analysis is available at

Reflecting the expectations for rising demand in the U.S. and abroad, the outlook for the Auto parts and equipment sector looks positive. This being partly offset by increased raw material and oil and gasoline prices. It is believed that profits in 2011 should benefit from the higher U.S. and international vehicle production. The prognosis for 2011 is higher global vehicle production, with production trends varying by country. U.S. new light vehicle production should increase as well as higher production in Asia, excluding Japan. This should result in improved U.S. automotive replacement parts market demand.

World Street Fundamentals has highlighted Westport Innovations Inc. which is engaged in the research, development and marketing of high performance, low-emission engines and fuel injection systems that utilize alternative gaseous fuels, such as natural gas, propane or hydrogen. The Company develops technology and products that enable light, medium and heavy-duty diesel engines to run primarily on compressed natural gas (CNG) or liquefied natural gas (LNG), giving users an alternative fuel to diesel. The entire report on Westport Innovations Inc. (NASDAQ: WPRT) is available here:

World Street has highlighted Magna International Inc. as a diversified global automotive supplier, which designs, develops and manufactures technologically advanced automotive systems, assemblies, modules and components, and engineer and assemble complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks. It operates in three reporting segments-North America, Europe and Rest of World. Magna's products include CellForm Lightweight Structural Composite, FutureForm Thin Seat, Structural Plastic Door Module, Hot Stamping and ReversLite.The entire report on Magna International Inc. (NYSE: MGA) is available here:

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