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    Does the acquisition of Arm give NVIDIA the keys to autonomous driving?
    US-based NVIDIA’s announced agreement to acquire UK-based Arm from SoftBank is a significant development for automotive electronics. Arm brings CPU intellectual property (IP) expertise that has enabled low-powered, embedded solutions, and NVIDIA’s graphics processing unit (GPU) IP expertise has ...
    Mainland China’s mobility service market to drive demand for autonomous driving technology
    Since the first autonomous car competition organized by the US Department of Advanced Research Project Agency (DARPA) in 2004, the United States has been at the center stage of autonomous driving. Alphabet’s Google Self-Driving Car Project, which later became an independent company called Waymo, w...
    14-Aug-2020 Insights Technology Trends Pinned
    HELLA’s Q1 2020/21 sales drop 10% y/y to USD1.6 billion
    HELLA reported a 10.6% year-on-year (y/y) decline in currency and portfolio-adjusted consolidated sales to EUR1.4 billion (USD1.6 billion) for the first quarter ended 31 August 2020, according to a company press release on 24 September 2020. The adjusted EBIT also dropped 49.5% y/y to EUR56 million....
    Osram raises guidance due to stronger business recovery
    Germany-based Osram Licht AG has raised the guidance for the fiscal year 2020 due to stronger business recovery in summer, in particular in August, the company announced in a press release on 16 September. The company now expects a comparable revenue decline of approximately -14% as compared with...
    Grupo Antolin’s H1 2020 sales down 42% y/y to USD1.7 billion
    Grupo Antolin has reported a decline of 42% year on year (y/y) in sales to EUR1.5 billion (USD1.7 billion) for the first six months ended 30 June 2020, according to a company press release on 10 September. The fall in sales resulted in a 77% y/y drop in EBITDA to EUR52 million. The company’s sa...
    SNT Corporation’s Q1 2020 sales slide 31.9% y/y to USD33 million
    Japan-based automotive components supplier, SNT Corporation, has published its financial results for the first quarter of this year. According to a press release issued by SNT Corporation on 12 August, the company posted sales of JPY3.51 billion (approximately USD33 million) during the April–June ...
    Akebono Brake net sales decline 31.1% y/y to USD340 million during April–June 2020
    Japan-based automotive braking components and systems manufacturer, Akebono, has announced its financial results for the period during April-June 2020. According to a press release issued by Akebono Brake on 28 August, the company stated that it recorded net sales of JPY35.82 billion (approximately ...
    Indian tiremaker CEAT’s Q1 revenue down 36% y/y to USD148.6 million
    Indian tiremaker CEAT’s net sales declined 36% year on year (y/y) to INR11.2 billion (USD148.6 million) in the first quarter ended 30 June 2020, according to a regulatory filing with Bombay Stock Exchange (BSE) on 29 July. Net loss for the quarter amounted to INR347.6 million compared with a net p...
    3M’s Q2 sales fall 12.2% y/y to USD7.2 billion
    3M has reported a 12.2% year-on-year (y/y) decline in revenues to USD7.2 billion for the second quarter ended 30 June 2020, according to a company press release on 28 July. Operating income for the quarter grew 2.2% y/y to USD1.7 billion and net income rose 14.4% y/y to USD1.3 billion. The compan...
    Fujitsu’s Q1 net sales down 4.3% y/y to USD7.47 billion
    Fujitsu reported a 4.3% year-on-year (y/y) fall in net sales for the first quarter at JPY802.79 billion (USD7.47 billion), a company press release on 30 July showed. Net profit climbed to JPY18.18 billion for the period compared to JPY7.09 billion last year. Significance: For the automotive marke...
    Toshiba posts 26% y/y drop in Q1 net sales to USD5.58 billion
    Toshiba reported a 26.2% year-on-year (y/y) fall in first quarter net sales at JPY599.8 billion (USD5.58 billion), a company press release read. Net loss for the period narrowed to JPY11.3 billion from JPY140.2 billion last year. EBITDA margin for the quarter shrunk to 1.4 from 3.4%. Net sal...
    Apollo Tyres’ Q1 sales down 33.7% y/y to USD375.2 million
    Indian tiremaker Apollo Tyres has reported a 33.7% year-on-year (y/y) decline in sales to INR28.2 billion (USD375.2 million) for the first quarter ended 30 June 2020, according to a regulatory filing by the company on 5 August. The company posted loss before taxes of INR1.6 billion compared with pro...
    NVIDIA posts a 50% y/y surge in Q2 revenue at USD3.87 billion
    NVIDIA has reported a 50% year-on-year (y/y) jump in the second quarter revenue at USD3.87 billion, the company said in a press release on 19 August. Net income for the period came in at USD622 million from USD552 million a year earlier. Gross margin fell 100 basis points to 58.8%. NVIDIA claims ...
    Indian auto component industry’s turnover in FY 2019/20 declines 11.7% y/y to USD49.2 billion
    The turnover of the Indian auto component industry declined 11.7% year-over-year (y/y) to INR 3.49 trillion (USD49.2 billion) in financial year ended 31 March 2020, according to a press release by the Automotive Components Manufacturers Association of India (ACMA) on 19 August. According to the asso...
    Varroc’s Q2 revenue falls 55.5% y/y to USD169.1 million
    Varroc Engineering has reported a decline of 55.5% year on year (y/y) in revenue from operations to INR12.7 billion (USD169.1 million) for the first quarter ended 30 June 2020, according to a regulatory filing on 14 August. Net loss for the quarter stood at INR2.9 billion compared with net profit of...
    Stanley Electric’s Q1 net sales down 42% y/y to USD557.3 million
    Stanley Electric reported a 42% year-on-year (y/y) slump in first quarter net sales at JPY59.95 billion (USD557.3 million), a company press release read on 27 July. Net loss for the quarter was JPY1.30 billion compared to a profit of JPY9.41 billion last year. Total sales from its automotive equi...
    Nexteer’s H1 2020 revenues slides 33.9% y/y to USD1.2 billion
    US-based automotive steering and other components supplier, Nexteer, has announced its financial results for the first half of 2020. According to a press release issued by Nexteer dated 18 August, the company stated that it posted a revenue of USD1.2 billion during the first six months of 2020. T...
    Qualcomm’s Q3 revenue slumps 49.2% y/y to USD4.89 billion
    Qualcomm’s third quarter revenue fell 49.2% year on year (y/y) to USD4.89 billion, the company said in a press release on 29 July. This was due to a one-off gain last year of USD4.7 billion resulting from settlement agreements with Apple and its contract manufacturers. Net income for the quarter c...
    ROHM reports 10.8% y/y drop in Q1 net sales at USD762.1 million
    ROHM has announced a 10.8% year-on-year (y/y) fall in first quarter net sales at JPY81 billion (USD762.1 million), the company announced on 31 July. Net profit for the period rose to JPY7.25 billion from JPY5.83 billion a year earlier. Sales from its IC business fell 9.7% y/y to JPY37.24 billion ...
    ams records 13% y/y rise in Q2 revenues to USD460.3 million
    Austrian sensor specialist ams has reported a 13% year-on-year (y/y) increase in its revenues to USD460.3 million for the second quarter of fiscal year (FY) 2020, the company said in a press statement on 29 July. Result from operations (excluding acquisition-related and share-based compensation cost...
    BASF's sales fall 12% y/y to USD14.2 billion in Q2
    BASF has reported a decline of 12% year on year (y/y) in its sales to EUR12.6 billion (around USD14.2 billion) for the second quarter ended 30 June 2020, according to a company press release on 29 July. Income from operations (EBIT) declined 88% y/y to EUR59 million. The company posted net loss for ...
    Axalta's sales fall 43.6% y/y to USD652.7 million in Q2
    Axalta Coating Systems’ net sales decreased 43.6% year on year (y/y) to USD652.7 million in the second quarter ended 30 June 2020, the company said in a press release on 29 July. Net loss for the quarter was USD82.8 million, and loss from operations amounted to USD64.5 million, compared with net i...
    Panasonic’s Q1 net sales falls 26.4% y/y to USD12.95 billion
    Panasonic has reported a 26.4% year-on-year (y/y) fall in net sales at JPY1.39 trillion (USD12.95 billion) for the first quarter, a company press release read on 30 July. Net loss came in at JPY9.8 billion compared to a profit of JPY49.8 billion a year earlier. Sales in Panasonic’s Automotive s...
    thyssenkrupp’s October-June sales slide 15% y/y to USD25.6 billion
    Germany-based components and systems supplier, thyssenkrupp AG, has released its financial results for the first nine months of the 2019–20 fiscal year. According to a press released issued by thyssenkrupp dated 13 August, the company announced that it posted sales of EUR21.6 billion (approximatel...
    China Automotive Systems’ Q2 net sales drops 21.3% y/y to USD83.2 million
    China Automotive Systems (CAS) has reported 21.3% year-over-year (y/y) decline in net sales to USD83.2 million, the Chinese power steering components and systems said in a press release on 14 August. The company recorded operating loss of USD5.2 million against operating income of USD2.6 million in ...
    Borealis’s Q2 net sales slip by 28.4% y/y to USD1.7 billion
    Borealis has reported a fall of 28.4% year on year (y/y) in its net sales to EUR1.5 billion (USD1.7 billion) for the second quarter ended 30 June 2020, according to a company press release on 6 August. Total sales for the quarter stood at EUR1.9 billion, down 26.8% y/y. Net income during the period ...
    HELLA’s FY 2019/20 sales decline 16.6% y/y to USD6.5 billion
    German supplier HELLA has announced results for fiscal year (FY) 2019/2020 ended 31 May 2020. According to a company press release on 14 August, the company’s sales declined 16.6% year on year (y/y) to EUR5.83 billion (USD6.5 billion) and its currency and portfolio-adjusted sales declined by 14.3%...
    Lumax Industries’ Q1 revenues decline 80.6% y/y to USD10.3 million
    Lumax Industries has reported an 80.6% year-on-year (y/y) decline in revenue from operations to INR780 million (USD10.3 million) for the first quarter ended 30 June 2020, according to a company press release on 12 August. Loss before tax for the period was INR534.7 million, compared with profit befo...
    Grammer’s H1 2020 revenue declines 30% y/y to USD827.6 million
    Grammer has reported sharp decline in revenue and earnings in the first half of the financial year ended 30 June 2020, primarily due to comprehensive production suspensions caused by the COVID-19 pandemic, the Germany-based automotive supplier said in a press release on 13 August. Revenue decre...
    NTN Corporation’s Q1 2020 net sales fall 46.5% y/y to USD871 million
    Japan-based automotive components supplier, NTN Corporation, has published its financial results for the first quarter of 2020. According to a press release issued by NTN Corporation on 4 August, the company posted a net sales of JPY91.9 billion (approximately USD871 million) during first quarter 20...
    AAM’s Q2 2020 sales slide 69.7% y/y to USD515.3 million
    American Axle & Manufacturing Holdings (AAM) has reported a 69.7% year-on-year (y/y) slump in second quarter sales at USD515.3 million, the company said in a press release on 31 July. Net loss came in at USD212.2 million compared with a profit of USD52.7 million a year earlier. “AAM’s fin...
    Leoni’s Q2 sales down 46% y/y to USD673 million
    Leoni has posted a 46% year-on-year (y/y) fall in second quarter sales at EUR673 million, the company said in a press release on 12 August. Consolidated loss for the year expanded to EUR123 million from loss of EUR44 million a year earlier. Leoni said its business performance was significantly impac...
    Martinrea Q2 2020 slides 51.4% y/y to USD345.54 million
    Martinrea has reported a fall of 51.4% year on year (y/y) in its revenues to CAD460.5 million (USD345.54 million) for the second quarter ended 30 June 2020, according to a company press release on 10 August. Net loss for the period was CAD146.8 million, compared with net income of CAD28.1 million. T...
    Bekaert’s H1 2020 consolidated sales slip 20% y/y to USD2.08 billion
    Belgium-based components supplier Bekaert, whose businesses include the rubber reinforcement segment, specialty businesses, and steel wire solutions, has announced its financial results for the first six months of this fiscal year. According to a company press release on 31 July, consolidated sales ...
    Henkel's H1 2020 sales fall 6% y/y to USD10.6 billion
    Henkel has reported sales of EUR9.5 billion (USD10.6 billion) for the first six months ended 30 June 2020, which is a fall of 6% year on year (y/y), according to a company press release on 6 August. Operating profit for the period was EUR1.2 billion, a decline of 27.5% y/y. Sales of Adhesive Technol...
    Rheinmetall’s Q2 2020 sales drop 15.8% y/y to USD1.39 billion
    Rheinmetall has posted a 15.8% year-on-year (y/y) decline in second quarter sales at EUR1.24 billion (USD1.39 billion). Operating result came in at EUR36 million compared with EUR110 million last year. Operating margin shrunk to 2.9% from 7.4%. For the first half, Rheinmetall’s sales fell ...
    Kongsberg Q2 2020 revenue decreases 47.8% y/y to USD173.2 million
    Kongsberg Automotive posted a 47.8% year-on-year (y/y) fall in second quarter revenue at EUR153.6 million (USD173.2 million), the company said in a press release on 6 August. Net loss amounted to EUR116.7 million compared to a profit of EUR4.9 million a year earlier. Revenues from its Powertrain ...
    Tachi-S’s Q1 sales drop 47.8% y/y to USD353.7 million
    Automotive seating supplier Tachi-S has reported a 47.8% year-on-year (y/y) decline in net sales to JPY37.9 billion (USD353.7 million) for the first quarter ended 30 June 2020, according to a company press release on 6 August. The company posted net loss of JPY7.2 billion compared to net loss of JPY...
    Michelin’s H1 2020 sales fall 20.6% y/y to USD11.01 billion
    Michelin has reported a 20.6% year-on-year (y/y) decline in sales to EUR9.3 billion (USD11.01 billion) for the first six months ended 30 June 2020, according to a company press release on 27 July. Segment operating income fell by 78.4% y/y to EUR310 million. Net loss for the period amounted to EUR13...
    voestalpine’s Q1 2020 revenue drops 28.1% y/y to USD2.85 billion
    Austria-based manufacturer of automotive body-in-white components, voestalpine AG, has announced its financial results for the first quarter of 2020. According to a company press release on 5 August, the company posted a revenue of EUR2.4 billion (approximately USD2.85 billion), down 28.1% year-over...
    Ichikoh’s H1 net sales down 22.7% y/y to USD481.5 million
    Ichikoh Industries, a Valeo company, has reported a 22.7% year-on-year (y/y) decline in net sales to JPY51.7 billion (USD481.5 million) for the first six months ended 30 June 2020, according to a company press release on 7 August. Net loss for the period was JPY636 million, compared with net income ...
    ElringKlinger Q2 2020 revenue slips 41.9% y/y to USD297.3 million
    German automotive components supplier, ElringKlinger, has announced its financial results for the second quarter of this year. According to a press release issued by ElringKlinger on 7 August, the company has posted a revenue of EUR252.2 million (approximately USD297.3 million). This implies a reduc...
    Bridgestone H1 2020 revenue drops 22.1% y/y to USD12.8 billion
    Japanese tire manufacturer Bridgestone has released its financial performance results for the first half of 2020. According to a press release issued by Bridgestone on 7 August, the company has posted a revenue of JPY1.36 trillion (approximately USD12.8 billion) during the first six months of this y...
    Yokohama’s H1 2020 revenue slides 20.6% y/y to USD2.33 billion
    Yokohama Rubber Co., Ltd. has reported a 20.6% year-on-year (y/y) decline in sales to JPY247.1 billion (USD2.3 billion) for the first six months ended 30 June 2020, according to a company press release on 7 August. Profit attributable to owners of parent declined 92.5% y/y JPY1.3 billion and operati...
    ZF Group’s H1 2020 sales drop 26.4% y/y to USD15.2 billion
    ZF Friedrichshafen has reported a 26.4% year-on-year (y/y) decline in sales in EUR13.5 billion (USD15.2 billion) for the first half ended 30 June 2020, according to a company press release on 7 August. The company posted negative EBIT of EUR640 million, compared with positive EBIT of EUR380 million ...
    Superior Industries’ Q2 2020 net sales slide 58.9% y/y to USD144.8 million
    Aluminum wheel supplier Superior Industries has reported a 58.9% year-on-year (y/y) decline in net sales to USD144.8 million for the second quarter ended 30 June 2020, the company said in a press release on 5 August. The company posted a loss of USD34.1 million from operations compared with an incom...
    Magna’s Q2 2020 sales fall 57.6% y/y to USD4.2 billion
    Canada-based automotive components manufacturer Magna has reported a 57.6% year on year (y/y) in sales to USD4.2 billion for the second quarter ended 30 June 2020, according to a company press release on 7 August. Loss from operations before income taxes amounted to USD789 million compared with inco...
    SiriusXM posts 5.2% y/y fall in Q2 revenue at USD1.87 billion
    SiriusXM has reported a 5.2% year-on-year (y/y) fall in second quarter revenue at USD1.87 billion, the company said in a press release on 30 July. Net income dropped to USD243 million from USD263 million last year. Operating income fell 5.5%. Subscriber revenue for the period ended 30 June r...
    LG Chem's sales increase 2.3% y/y to USD5.7 billion in Q2 2020
    LG Chem has reported a growth of 2.3% year on year (y/y) in its sales to KRW6.9 trillion (USD5.7 billion) during the second quarter ended 30 June 2020, according to a company press release on 31 July. Operating profit for the second quarter touched KRW571.6 billion, which is a strong growth of 131.5...
    Cooper Standard Q2 2020 sales fall 55.5% y/y to USD340.47 million
    Cooper Standard’s net sales declined 55.5% year on year (y/y) to USD340.5 million in the second quarter ended 30 June 2020, the US-based automotive supplier said in a press release on 4 August. The company reported a net loss of USD134.2 million, compared with a net income of USD145.2 million in t...
    Delphi Q2 2020 revenue slides 44% y/y to USD628 million
    Delphi has reported a 44% y/y decline in revenue to USD628 million for the second quarter ended 30 June 2020, the company announced in a press release on 5 August. Operating loss for the quarter was USD60 million, compared with operating income of USD56 million in the prior year period. Ne...
    Tenneco’s Q2 2020 revenue drops 42.2% y/y to USD2.6 billion
    Tenneco has reported second quarter 2020 revenue of USD2.6 billion, down 42.2% year on year (y/y), according to a company press release on 6 August. The company reported a net loss for the quarter of USD350 million, compared with net income of USD26 million in the same period of the previous fiscal ...
    Adient’s Q3 revenue declines 61% y/y to USD1.6 billion
    Adient has reported 61% year-over-year (y/y) decline in revenue to USD1.6 billion in the third quarter ended 30 June 2020, the company said in a press release on 6 August. The company recorded loss before income taxes of USD326 million as compared with income before income taxes of USD30 millio...
    Schaeffler’s H1 2020 revenue shrinks 21.8% y/y to USD6.62 billion
    Germany-based automotive components supplier, Schaeffler AG, has released its financial results for the first half of 2020. In a press statement issued by Schaeffler on 4 August, the company announced that it generated  a revenue of EUR5.57 billion (approximately USD6.62 billion) during the fir...
    Continental’s Q2 sales decline 41% y/y to USD7.4 billion
    Continental’s sales declined 41.2% year over year (y/y) to EUR6.62 billion (USD7.4 billion) in the second quarter ended 30 June 2020, the Germany-based automotive supplier said in a press release on 5 August. Organic sales—sales adjusted for changes in the scope of consolation and the excha...
    Elmos Semiconductor posts 13.1% y/y fall in Q2 sales at USD66.1 million
    Germany-based Elmos Semiconductor has reported a 13.1% year-on-year (y/y) fall in second quarter sales at EUR58.8 million (USD66.1 million), the company said in a press release on 3 August. Consolidated net profit shrunk to EUR2.3 million from EUR7.5 million a year earlier. For the first half of ...
    BorgWarner’s Q2 2020 net sales declines 44% y/y to USD1.43 billion
    American automotive powertrain components and systems supplier, BorgWarner, has announced its financial results for the second quarter of this year. In a press statement issued by BorgWarner on 5 August, the company stated that it registered net sales of USD1.43 billion during the second quarter&nbs...
    Pirelli’s H1 2020 revenue falls 31.6% y/y to USD2.16 billion
    Italian automotive tire manufacturer Pirelli has announced its financial results for the first half of 2020. According to a press release issued by Pirelli on 5 August, the company has posted revenues of EUR1.82 billion (approximately USD2.16 billion) during the first half of this year. This implies...
    Infineon posts 8% y/y rise in Q3 revenue to USD2.45 billion
    Infineon reported a 9% year-on-year (y/y) growth in revenue for the third quarter at EUR2.17 billion (USD2.45 billion), a company filing on 4 August showed. It reported a net loss of EUR128 million compared with a profit of EUR224 million last year. Gross margin came in at 27% versus 36.5%...
    Arconic's sales fall 38% y/y to USD1.2 billion in Q2 2020
    Arconic has witnessed a fall of 38% year on year (y/y) in its net sales to USD1.2 billion in the second quarter ended 30 June 2020, according to a company press release on 4 August. Arconic reported a net loss of USD92 million during the April to June quarter, as compared with a net income of U...
    Cerence’s Q3 revenue decreases 3.6% y/y to USD74.8 million
    Cerence has reported 3.6% year-on-year (y/y) decline in revenue to USDD74.8 million in the third quarter ended 30 June 2020, the company said in a press release on 4 August. The company’s revenue from License dropped by 26.2% y/y to USD32.4 million. However, Cerence’s revenue from Connected...
    Illinois Tool Works’ Q2 2020 revenue declines 29% y/y to USD2.56 billion
    US-based automotive components and specialty products supplier, Illinois Tool Works, has reported its financial results for the second quarter of this year. In a press release issued by ITW on 31 July, the company stated that it posted a revenue of USD2.56 billion during the second quarter 2020...
    Sumitomo Electric’s Q1 net sales falls 31.1% y/y to USD4.8 billion
    Sumimoto Electric has reported a 31.1% year-on-year (y/y) drop in first quarter net sales at JPY515.26 billion (USD4.8 billion), a company press release on 31 July. The company posted a loss of JPY41.50 billion compared to a profit of JPY6.51 billion a year earlier. Net sales from its automotive ...
    Nokian Tyres’ Q2 2020 net sales fall 34.9% y/y to USD317.7 million
    Nokian Tyres has reported a 34.9% year-on-year (y/y) decline in sales to EUR270.7 million (USD317.7 million) for the second quarter ended 30 June 2020, according to a company press release on 4 August. The company posted operating loss and net loss of EUR22.8 million and EUR24.8 million, compared wi...
    Central Glass’ Q1 net sales down 16.8% y/y to USD419.6 million
    Central Glass has reported a decline of 16.8% year on year (y/y) in net sales to JPY45 billion (USD419.6 million) for the first quarter ended 30 June 2020, according to a company press release on 31 July. Operating profit for the quarter also fell by 75.6% y/y to JPY424 million, while net profit was...
    Hankook Tire’s Q2 2020 sales fall 25% y/y to USD1.12 billion
    South Korean tiremaker Hankook Tire has reported a 21.4% year-on-year (y/y) decline in sales to KRW1.36 trillion (about USD1.12 billion) for the second quarter ended 30 June 2020, according to a company press release on 3 August. The operating profit for the quarter amounted to KRW70.1 billion, down...
    Aisin Group’s Q1 revenue drops 42.3% y/y to USD5.2 billion
    Aisin Seiki’s revenue declined 42.3% year on year (y/y) to JPY555.3 billion (around USD5.2 billion) in the first quarter ended 30 June 2020, the company said on 31 July. Net loss for the quarter was JPY50.3 billion against net profit of JPY17.4 billion in the same period a year ago. The company po...
    Lear’s Q2 sales drops 52% y/y to USD2.4 billion
    Lear’s sales declined 52% year over year (y/y) to USD2.4 billion in the second quarter ended 30 June 2020, the company said in a press release on 4 August. The company recorded core operating loss of USD294 million against core operating income of USD352 million in second quarter 2019. Lear also r...
    Gentherm’s Q2 2020 revenue slides 44.1% y/y to USD136.1 million
    US-based thermal management technology supplier, Gentherm, has announced its financial results for the second quarter of this year. In a press release from Gentherm dated 4 August, the company stated that it registered a revenue of USD136.1 million during the second quarter 2020 period, which i...
    Modine’s Q1 2020 net sales decreases 34% y/y to USD347.8 million
    American thermal management technology and solutions provider, Modine, has announced its financial results for the quarter ended 30 June, 2020. According to a press statement issued by Modine on 4 August, the company posted a net sales of USD347.8 million during the first quarter of this y...
    Saint-Gobain's sales fall 18.1% y/y to USD19.9 billion in H1 2020
    Saint-Gobain has reported a fall of 18.1% year on year (y/y) in its sales to EUR17.7 billion (USD19.9 billion) during the first half ended 30 June 2020, according to a company press release on 30 July. Saint-Gobain reported a net attributable loss of EUR434 million for the six-month period, compared...
    Goodyear’s Q2 2020 sales decline 41% y/y to USD2.1 billion
    US-based Goodyear Tire & Rubber Company has announced its second quarter 2020 results. According to a press release on 31 July, the company registered sales of USD2.1 billion during the second quarter of 2020, down 41% year on year (y/y). The tiremaker has reported segment operating loss of USD4...
    Cooper Tire’s Q2 2020 net sales slide 26.9% y/y to USD496 million
    American tiremaker Cooper Tire & Rubber Company has reported a 26.9% year-on-year (y/y) decline in new sales to USD496 million for the second quarter ended 30 June 2020, according to a company press release on 3 August. Operating profit for the quarter was USD5 million, a decline of 83.2% y/y. ...
    Gestamp's revenues fall 32.5% y/y to USD3.4 billion in H1 2020
    Spain-based automotive structural components supplier Gestamp’s revenues declined by 32.5% year on year (y/y) to EUR3 billion (USD3.4 billion) during the first six months ended 30 June 2020, according to a company press release on 30 July. The company posted operating loss of EUR190.1 million agai...
    Toyota Industries Q1 net sales down 21.8% y/y to USD4.01 billion
    Toyota Industries has reported a 21.8% year-on-year (y/y) decline in net sales to JPY430.8 billion (USD4.01 billion) for the first quarter ended 30 June 2020, according to a company press release on 31 July. The operating loss for the quarter was JPY6.5 billion compared with an operating profit of J...
    TE Connectivity posts 24.8% y/y decline in Q3 net sales at USD2.55 billion
    TE Connectivity has announced a 24.8% year-on-year (y/y) fall in revenue for the third quarter ended 26 June 2020, the company said in a press release on 29 July. Net sales for the period fell to USD2.5 billion from USD3.3 billion a year earlier. The company posted a net loss of USD41 million compar...
    Renesas Electronics' Q2 revenue declines 13.3% y/y to USD1.55 billion
    Renesas has reported a 13.3% year-on-year (y/y) drop in second-quarter revenue at JPY166.7 billion (USD1.55 billion). Net profit for the period fell from JPY25.6 billion to JPY23.7 billion on a non-generally accepted accounting principles (GAAP) basis. For the first half, revenue grew marginall...
    Visteon’s Q2 2020 net sales fall 48% y/y to USD371 million
    Visteon’s second-quarter net sales have slumped 48% year on year (y/y) to USD371 million, a company filing on 30 July showed. Net loss for the period was USD45 million compared with a profit of USD7 million last year. Visteon says its sales outperformed industry production volumes in Europ...
    Aptiv’s Q2 revenue declines 46% y/y to USD1.96 billion
    Aptiv has reported a 46% year-on-year (y/y) decline in revenue to USD1.96 billion in the second quarter ended 30 June 2020, the company said in a press release on 30 July. Revenue, adjusted for currency exchange, commodity movements, and divestitures, dropped 43% compared with a year earlier. The...
    Dana’s Q2 2020 sales drop 53% y/y to USD1.08 billion
    US automotive components supplier, Dana Inc., has released its financial results for the second quarter of 2020. The company registered sales of USD1.08 billion, which implies a fall of 53% year on year (y/y) from the sales figure of USD2.3 billion during second quarter 2019. The reason for this ste...
    Denso’s Q1 2020 consolidated revenue falls 42.2% y/y to USD7.1 billion
    Japanese automotive powertrain components and systems supplier, Denso Corporation, has announced its financial results for the first quarter of this year, ending 30 June. In a press release issued by Denso on 31 July, the company stated it has registered a consolidated revenue of JPY765.1 billion (a...
    Garrett Motion’s Q2 2020 net sales fall 40.5% y/y to USD477 million
    Switzerland-based automotive powertrain components supplier Garrett Motion has announced its financial results for the second quarter of 2020. In a press statement issued by Garrett Motion on 30 July, the company reported net sales of USD477 million, which represents a decline of 40.5% yea...
    Stoneridge’s Q2 net sales fall 55.2% y/y to USD99.5 million
    Stoneridge has reported a 55.2% year-on-year (y/y) drop in net sales for the second quarter of fiscal 2020 to USD99.5 million, according to a company press release on 29 July. Operating loss for the quarter was USD26.8 million compared with operating income of USD49.1 million in the second quarter o...
    Garmin’s Q2 revenue drops 8.9% y/y to USD869.9 million
    Garmin has reported an 8.9% year-on-year (y/y) fall in second quarter revenue, which came in at USD869.9 million. Net income for the period rose dropped to USD184.2 million from USD223.7 million while gross margin shrunk to at 59.3% compared to 60.3% last year. Garmin’s automotive business saw ...
    Covestro's sales fall 32.9% y/y to USD2.4 billion in Q2
    Covestro has reported a 32.9% year-on-year (y/y) decline in sales to EUR2.1 million (USD2.4 billion) for the second quarter ended 30 June 2020, according to a company press release on 23 July. EBITDA for the quarter fell by 72.8% y/y to EUR125 million. The company posted negative EBIT of EUR68 milli...
    Osram’s Q3 revenues decline 28.7% y/y to USD681.5 million
    Osram has reported a 28.7% year-on-year (y/y) decline in revenue to EUR606 million (USD681.5 million) for the third quarter ended 30 June 2020, according to a press release on 29 July. Adjusted EBITDA was negative EUR27 million, compared with positive adjusted EBITDA of EUR58 million. The company re...
    Brembo’s H1 2020 revenue slides 28.2% y/y to USD1.12 billion
    Italy-based automotive braking systems manufacturer, Brembo, has announced its financial results for the first half of 2020. According to a press release issued by Brembo on 29 July, the company’s first half of 2020 revenue stood at EUR951.1 million (approximately USD1.12 billion), which impl...
    Koito’s Q1 sales decline 45% y/y to USD1.02 billion
    Koito's net sales declined 45% y/y to JPY108.3 billion (USD1.02 billion) in the first quarter ended 30 June 2020, according to a company press release on 28 July. The company posted JPY4.9 billion net loss for the quarter, compared with a net profit of JPY13.9 billion in the same period a year ago. ...
    HELLA announces preliminary figures for FY 2019/20
    German supplier HELLA has announces preliminary figures for fiscal year (FY) 2019/2020 ended 31 May 2020. According to a company press release on 28 July, the company’s currency and portfolio-adjusted sales declined by 14.3% year on year (y/y) to EUR5.8 billion (USD6.4 billion). Adjusted EBIT for ...
    Autoneum’s revenue falls 36.8% y/y to USD770.1 million in H1 2020
    Autoneum has reported a fall of 36.8% year-on-year (y/y) in its revenue to CHF730.6 million (USD770.1 million) during the first half ended 30 June 2020, according to a company press release on 28 July. Autoneum’s net loss widened to CHF54.9 million during the January to June period this year, as c...
    Faurecia’s H1 sales drops 31.2% y/y to USD6.9 billion
    Faurecia’s sales declined 31.2% year over year (y/y) to EUR6.2 billion (USD 7.27 billion) in the first half of the current financial year ended 30 June 2020, the company said in a press release on 27 July. At constant scope and currencies, the company witnessed 35.4% y/y decline in sales compared ...
    NXP Semiconductors’ Q2 revenue falls 18% y/y to USD1.82 billion
    NXP Semiconductors has reported an 18% year-on-year (y/y) decline in the second quarter 2020 revenues to USD1.82 billion, the company said in a press release on 27 July. The company posted an operating loss of USD145 million compared with operating income of USD157 million in the same period a year ...
    Sogefi’s H1 2020 revenue slides 33.2% y/y to USD610 million
    Italian automotive components supplier, Sogefi, has announced its financial results for the first half of this year. According to a press release issued by Sogefi on 27 July, the company posted a revenue of EUR519.5 million (approximately USD610 million) during the first half of this year, whic...
    Gentex reports 51% y/y decline in Q2 sales to USD229.9 million
    Gentex has posted a 51% year-on-year (y/y) slump in net sales for the second quarter of fiscal year (FY) 2020, the company said in a press release on 24 July. Net sales dropped to USD229.9 million from USD468.7 million. The company posted a net loss of USD2.4 million in the second quarter compared w...
    CIE Automotive H1 sales decreases 29% y/y to USD1.35 million
    CIE Automotive has reported a decline of 29% year on year (y/y) in its sales for the first half of 2020 to EUR1.2 billion (about USD1.35 billion), according to a company press release on 24 July. EBITDA for the period was EUR153.5 million and a net result of EUR58.3 million. The company generates EU...
    Veoneer Q2 sales drops 62.3% y/y to USD184 million
    Veoneer has reported a 62.3% year-over-year (y/y) decline in net sales to USD184 million for the second quarter ended 30 June 2020, the company said in a press release on 24 July. The company’s organic sales dropped 53% as compared to a 46% decline in the global light vehicle production. The dives...
    Hyundai Mobis Q2 sales declines 20.4% y/y to USD6.24 billion
    Hyundai Mobis has reported 20.4% year-over-year (y/y) decline in net sales to KRW7.54 trillion (USD6.24 billion) in the second quarter ended 30 June 2020, the company said in a regulatory filing. Operating profit fell by 73.1% y/y to KRW168.7 billion. Hyundai Mobis concluded the second quarter with ...
    Plastic Omnium's sales fall 29.9% y/y to USD3.7 billion in H1 2020
    Plastic Omnium has reported a fall of 29.9% year-on-year (y/y) in its sales to EUR3.2 billion (USD3.7 billion) during the first half ended 30 June 2020, according to a company press release on 23 July. The company also reported a net loss of EUR418 million, as compared to a net profit of EUR163 mill...
    Shiloh Industries’ Q2 revenue down 42.2% y/y to USD157.9 million
    Shiloh Industries, a global supplier of lightweighting and noise and vibration solutions, has reported a 42.2% year-on-year (y/y) decline in revenue to USD157.9 million for the second quarter ended 30 April 2020, according to a company press release on 23 July. Operating loss for the quarter wa...
    STMicroelectronics’ Q2 revenue falls 4% y/y to USD2.09 billion
    STMicroelectronics posted a 4% year-on-year (y/y) drop in second quarter revenue, a company filing on 23 July read. Revenue fell to USD2.09 billion from USD2.17 billion a year earlier. Net income for the same period slumped 43% to USD90 million. Gross margin was 35% versus 38.2% last year. Revenu...
    Nidec’s Q1 revenue down 6.6% y/y to USD3.1 billion
    Nidec has reported a decline of 6.6% year on year (y/y) in revenues to JPY336.9 billion (about USD3.1 billion) for the first quarter ended 30 June 2020, the Japanese supplier said in a press release on 21 July. Operating profit for the quarter grew 1.7% y/y to JPY28.1 billion. The company posted a m...
    Constellium’s Q2 2020 revenue drops 33% y/y to USD1.12 billion
    Constellium has reported a decline of 33% year on year (y/y) in revenue to EUR1 billion (about USD1.12 million) for the second quarter ended 30 June 2020, according to a company press release on 22 July. The company posted a net loss of EUR32 million, compared with net income of EUR17 million in the...
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