3.30.2007 - 07:00am ET

(CSRwire) March 30, 2007 – Innovest Strategic Value Advisors has released updated Intangible Value Assessments for the Auto Components sector. The spring 2007 rating cycle for the 22 companies in the sector includes various rating changes based on relative social, environmental and strategic governance (ESG) performance.

Innovest analyst Dan Moran says, “To succeed in this sector a company must do three things. First, it has to avoid the black hole at the center of the “Big Three” created by the collapse of SUV sales. Second, it has to offer cutting-edge lightweighting and fuel-efficiency products to help automakers improve mileage. And third, it has to resist the temptation to rush headlong into China or another emerging markets, trying to cut costs but not first ensuring they have a fully-baked emerging markets strategy.”

Innovest also took a particularly close look at corporate strategy regarding:

R&D spending

Ratings in the sector for the most part remained stable, with some exceptions.

Michelin (ML-FR)
Johnson Controls (JCI)
Continental AG (CON-FF)
Bridgestone Corp. (5108-TO)
NOK Corp
Sumitomo Rubber

A research and ratings report for each company in the Auto Components sector is available for purchase for USD $195. Additional company research and ratings reports from this and other industries are also available at http://www.csrwire.com/reports/independent.

About Innovest

Innovest Strategic Value Advisors is an internationally recognized investment research and advisory firm specializing in analyzing companies’ performance on environmental, social, and strategic governance issues, with a particular focus on their impact on competitiveness, profitability, and share price performance.

Innovest currently has offices in New York City, Toronto, San Francisco, London, Paris, Sydney, and Tokyo.

For more information please contact:

Peter Wilkes, Managing Partner
Innovest Strategic Value Advisors
212-421-2000 x216

Greg Schneider, Director
CSRwire
802-251-0110 x1105

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