CDTI: CDTi to produce catalysts for the TLX, the replacement for Acura's most popular vehicles.

Zacks Small Cap Research

By Ian Gilson, PhD, CFA

NASDAQ:CDTI (CDTI) to produce catalysts for the TLX, the replacement for Acura's most popular vehicles.

CDTi (CDTI) has announced that it will provide MPC catalysts for Honda's Acura TLX, the new replacement for the Acura TL and TSX. These are Acura's most popular vehicles, with production data as shown below.

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The Acura TL has been a long standing model for Honda, with its fourth generation vehicle introduced in 2008. Sales of both the TL and TSX have been relatively flat and the models needed updates.

The TLS concept car was well received and will go into production as a 2015 model with sales starting in mid 2014. CDTi will probably ship catalyst to Honda in the second quarter of 2014 at the latest.

This is a significant win for CDTi. Hopefully other automakers will take note.


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