Sure would be nice to see this in North America....
Ian Gilson, CFA
Clean Diesel Inc. (
CDTI
)
has changed its name to CDTi although its legal name remains Clean
Diesel Inc.
Both Honda and Clean Diesel have announced that Clean Diesel will
supply a new palladium only catalyst system (invented by CDTi),
first for the 2013 model Accord currently being built in North
America, and then to other Honda models. The new system will reduce
precious metal content by 22% and Rhodium content by 50%. This cuts
the cost of the system by 37% while complying with some of the most
stringent emission regulations in the world.
This business will have a significant impact on Clean Diesel's
revenue and profit. Over the past two years the company has been
impacted by the problems in Japan that had an effect on parts
availability. This catalyst will be used in other Honda cars,
presumably Accords being built in other countries, on a sequential
basis.
In August 2012 Honda sales increased by 59.5% to 131,321 vehicles,
the Accord increasing by 89%. The seasonally adjusted sales rate
was 14.52 million vehicles as compared to 12.8 million vehicles in
2011.
Please visit
scr.zacks.com
to access a free copy of the full research report.
No comments:
Post a Comment