Delphi Automotive PLC stock increased 0.6% to $58.03 on Nov 27 after the company said it will provide car-to-cloud/cloud-to-car connectivity system – Delphi Connect – for the U.S. Cellular customers. This new technology will offer quick, cloud-connected information of the vehicle to the U.S. customers through the cellular network.
Customers can control, supervise and track their vehicles remotely with any smart device or computer using this technology. The system can be easily installed by plugging into the OBD II port of the vehicle that is placed under the steering column.
It can be operated by downloading Delphi smartphone apps, which are available for Android 2.3 and Apple Inc.’s (AAPL - Free Report) iOS 5.0 and more advanced devices. It can also be operated using the Delphi Web portal, which is attuned with Internet Explorer 7, Google Inc.’s Chrome, Apple Safari and Firefox browsers.
The features available under the Delphi Connect technology include the virtual key fob, which locks or unlocks vehicle doors, opens the trunk, starts or stops the engine and operates the panic horn remotely. The Geo-fencing feature receives alerts when the vehicle enters and exits designated fenced area. The Alerts systems warns on geo-fence crossings, speeding, and high engine RPM, low battery and vehicle motion when it is parked.
The Live tracking system helps keeping a track of the vehicle’s speed and direction. The Trip logging keeps a record of all travel details of the car. The Vehicle health feature examines the engine condition, vehicle performance and overall condition of the vehicle.
Delphi Automotive, is one of the largest vehicle components manufacturer companies, and provides electrical and electronic services, powertrain systems, and safety and thermal technology solutions to the global automotive and commercial vehicle markets. Currently, it carries a Zacks Rank #3 (Hold).
Delphi Automotive saw a 15.5% rise in adjusted earnings to 97 cents per share in the third quarter of fiscal 2013 from 84 cents in the prior-year quarter. Earnings also exceeded the Zacks Consensus Estimate of 94 cents a share.
Revenues rose 9.7% to $4.02 billion, almost in line with the Zacks Consensus Estimate. Better performance in Asia and in North America contributed to the improvement, partially offset by weak performance in Europe and South America.
Denso Corp. (DNZOY - Free Report) with a Zacks Rank #1 (Strong Buy) is performing well in the industry where Delphi Automotive operates.