MWWC has posted its three year contract to supply parts to GM for its new line of car the Chevy Sonic.
First and foremost MWW automotive has taken a big second Q hit due to Toyota shutting down over 80% production in the second Q. MWW automotive took a big revenue hit of 1M+. MWW had many convertibles due.
UBSS and VFIN led the way into dilution taking MWWC down to .009 from its highs of .09. Those convertibles are gone as of the last two weeks with UBSS now showing a .06 ask price and VFIN gone since last friday.
Toyota has resumed full production again and GM is looking to redefine its image with the chevy sonic in the compact range.
MWWC has added a third assembly line to its production plant and is about to announce in October a new industrial contract (IMO either painting or finishing parts) that could give MMWC a boost back to the .06-.075 range by end of year.
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