Today's Biggest Stocks Losers from Consumer Goods Sector are CAAS, SORL, FDML

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China Automotive Systems, Inc. (NASDAQ:CAAS) declines 7.69% to $15 after Global Hunter Securities gave the Auto Parts industry some bad news as it announced that the company was downgraded from Buy to Neutral. China Automotive Systems, Inc. is a holding company and has no significant business operations or assets other than its interest in Great Genesis Holdings Limited.

Sorl Auto Parts, Inc. (NASDAQ:SORL) declines 12.85% to $7.11 on 250K shares after the company announced that for fiscal 2009, it expects approximately $120 million of sales revenue and $11 million of net income attributable to common stockholders. According to Reuters Estimates, analysts are expecting the Company to report net profit of $10 million on revenues of $115 million for the same period.

Federal-Mogul Corporation (NASDAQ:FDML) went down 4.92% to $12.38 after Goldman Sachs downgraded the company from Buy to Neutral. Federal-Mogul Corporation (Federal-Mogul) is a global supplier of a range of components, accessories and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and industrial, energy and transport markets, including customers in both the original equipment manufacturers market and the replacement market.