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    Is Tesla’s application of LFP cathode technology indicative of price over performance?
    A recent development has got the automotive industry talking about a battery chemistry which, over the last half-a-decade, has been steadily losing market share in the electric vehicle (EV) segment—lithium iron phosphate (LFP). Tesla recently received an approval from the Mainland Chinese governme...
    Consumer Survey: Will we see an increase in anti-microbial coating in automotive due to the COVID-19 pandemic?
    The coronavirus disease 2019 (COVID-19) pandemic has caused severe disruptions in the global automotive supply chain. With no immediate solution in sight, federal governments around the world issued stay-at-home orders and called for the closure of non-essential businesses. This forced OEMs to suspe...
    15-Jun-2020 Insights COVID-19 Pinned
    Rane Group’s FY 2020 revenue falls 17.4% y/y to USD589.7 million
    Rane Holdings Limited, the holding company of Rane Group, has reported a 17.4% year-on-year (y/y) decline in total net revenues to INR44.4 billion (about USD589.7 million) for the fiscal year ended 31 March 2020, according to a company press release on 24 June. EBITDA stood at INR3.5 billion, down 4...
    Kasai Kogyo’s FY 2019/20 net sales drops 10% y/y to USD1.9 billion
    Kasai Kogyo has reported 10% year-over-year (y/y) decline in net sales to JPY204.6 billion (USD1.9 billion) in the financial year (FY) ended 31 March 2020, the company said in a press release on 1 July. Operating income dropped 61.5% y/y to JPY4 billion and operating profit ratio of 2% compared with...
    Varroc’s FY 2019/20 revenue down 7.5% y/y to USD1.5 billion
    Varroc Engineering has reported a decline of 7.5% year on year (y/y) in revenue from operations to INR111.2 billion (USD1.5 billion) for the fiscal year ended 31 March 2020, according to a regulatory filing on 25 June. Net profit for the year stood at INR1.91 million compared with net profit of INR4...
    Sanden’s revenue declines 25.2% y/y to USD1.9 billion in FY 2019/20
    Sanden holdings has reported a 25.2% year-on-year (y/y) decline in revenues to JPY204.8 billion (USD1.9 billion) for the fiscal year ended 31 March 2020, according to a company press release on 30 June. The company posted an operating loss of JPY3.4 billion, compared with an operating income of JPY8...
    Minda Industries’ FY 2019/20 revenues down 7.5% y/y to USD727.2 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 7.5% year-on-year (y/y) decrease in revenue from operations to INR54.65 billion (USD727.2 million) for the fiscal year ended 31 March 2020, the company said in a regulatory filing on 29 June. The...
    China Automotive Systems’ Q1 2020 net sales fall 32.6% y/y to USD73.6 million
    Chinese power steering components and systems supplier, China Automotive Systems, Inc., has announced its financial results for the first quarter ended 31 March, 2020. According to a press release issued by China Automotive Systems on 23 June, the company generated net sales of USD73.6 million durin...
    NTN Corporation’s consolidated FY2019 net sales slide 11.2% y/y to USD6.11 billion
    Japanese powertrain components supplier, NTN Corporation, has released its consolidated financial results for the fiscal year 2019 period. According to NTN Corporation’s annual report published on 19 June, the company has posted a net sales figure of JPY651.5 billion (approximately USD6.11 billion...
    Wheels India’s FY 2019/20 revenue down 22.3% y/y to USD355 million
    India-based Wheels India’s revenues declined by 22.3% year on year (y/y) to INR26.7 billion (around USD355 million) in the fiscal year ended 31 March 2020, the company said in a regulatory filing on 17 June. The company’s Automotive Components segment posted revenue of INR21.7 billion, down 30.6...
    Lumax Industries’ FY 2019/20 revenue down 13.5% y/y to USD212.8 million
    Lumax Industries has reported a 13.5% year-on-year (y/y) decline in revenue from operations to INR16 billion (USD212.8 million) for the fiscal year ended 31 March 2020, according to a company regulatory filing on 18 June. Profit before tax for the period was also down by 31.6% y/y to INR917.3 millio...
    OSRAM expects FY 2020 revenue to decline 15–19% y/y
    Germany-based OSRAM Licht expects a revenue decline of 15–19% year on year (y/y) for the fiscal year (FY) 2020, according to a company press release on 17 June. The company anticipates adjusted EBITDA margin of 3–6% and a negative free cash flow in the mid-double digit to lower triple digit mill...
    Johnson Matthey FY 2019 revenue rises 35.7% y/y to USD18.31 billion
    British supplier firm, Johnson Matthey, has announced its financial results for the year ended 31 March, 2020. According to a press statement issued by Johnson Matthey on 11 June, the company registered a revenue figure of GBP14.58 billion (USD18.31 billion) during fiscal year (FY) 2019, which repre...
    Mann+Hummel FY 2019 sales rise 6.5% y/y to USD4.79 billion
    German components supplier Mann+Hummel has released its financial results for the fiscal year (FY) 2019. According to a press release issued on 10 June by Mann+Hummel, the company posted a sales figure of EUR4.21 billion (USD4.79 billion) during FY 2019, which implies a 6.5% year-over-year (y/y) ris...
    Exide Industries full year consolidated revenue falls 1.7% y/y to USD1.92 billion
    Exide Industries reported a 1.7% year-on-year (y/y) fall in full year consolidated revenue to INR144.71 billion (USD1.92 billion), a company press release read on 5 June. Net profit after tax for the year that ended on 31 March 2020 came in at INR7.62 billion from INR8.47 billion in 2019. Revenue...
    Toshiba’s FY2019 net sales down 8.2% y/y to USD31.44 billion
    Japanese electronics giant Toshiba Corp reported an 8.2% year-on-year (y/y) drop in net sales for the full year 2019. Net sales came in at JPY3.39 trillion (USD31.44 billion) from JPY3.69 trillion. Net loss for the period was JPY114.6 billion versus profit of JPY1.01 trillion. EBITDA margin rose to ...
    Voestalpine FY 2019 revenue slides 6.2% y/y to USD14.24 billion
    Austria-based manufacturer of automotive body-in-white components, Voestalpine AG, has announced its financial results for the 2019–20 fiscal year (FY). According to a press release issued by Voestalpine on 3 June, the company posted a revenue of EUR12.7 billion (approximately USD14.24 billion), w...
    TS Tech’s FY 2019/20 revenue falls 12.7% y/y to USD3.3 billion
    TS Tech has reported a 12.7% year-over-year (y/y) decline in revenue to JPY359.7 billion (USD3.3 billion) in the financial year ended 31 March 2020, the Japanese automotive seating supplier said in a press release. Operating income decreased 32.1% y/y to JPY26.3 billion, resulting in operating margi...
    Motherson Sumi’s FY 2019/20 consolidated revenue up slightly to USD8.3 billion
    Motherson Sumi Systems Limited (MSSL) has reported a marginal growth in revenue to INR625.73 billion (USD8.3 billion), up from INR625.71 billion in the previous fiscal year (FY), according to a company press release on 2 June. Profit before tax declined 33.9% year on year (y/y) to INR21.1 billi...
    NSG’s FY 2019/20 net sales down 9.2% y/y, to USD5.1 billion
    Nippon Sheet Glass (NSG)’s net sales declined 9.2% year on year (y/y), to JPY556.1 billion (USD5.1 billion), in the fiscal year (FY) ended 31 March 2020, according to a company press release on 22 May. Operating profit for the year also dropped 42.5% y/y, to JPY21.2 billion. NSG reported...
    Renesas expects revenues between USD1.42 billion and USD1.49 billion for Q2 2020
    Renesas has forecast its financials for the second quarter and first half of the fiscal year 2020 in a press release dated 29 May. For the second quarter, the company expects revenues between JPY152.50 billion (USD1.42 billion) and JPY160.50 billion (USD1.49 billion). For the first half of the ye...
    Sundaram Clayton’s FY 2019/20 revenues down 7.8% y/y to USD2.6 billion
    Sundaram Clayton’s revenue from operations declined 7.8% year-on-year (y/y) to INR198.5 billion (about USD2.6 billion) in the fiscal year (FY) ended 31 March 2020, according to a regulatory filing by the company on 29 May. Net profit for the year also dropped 21.9% y/y to INR3.37 billion. Profit f...
    Akebono Brake FY 2020 net sales fall 20.66% y/y to USD1.8 billion
    Japanese manufacturer of braking components and systems, Akebono Brake Industry Co. Ltd., has published its financial results for the fiscal year (FY) ended 31 March 2020. According to a statement released by Akebono Brake on 29 May, the company posted net sales of JPY193.32 billion (approximately U...
    Modine FY 2020 net sales slide 10.72% y/y to USD1.98 billion
    American manufacturer of thermal management solutions, Modine, has released their financials for the fiscal year (FY) 2020. According to a press statement issued on 29 May, the Wisconsin-based company stated that it posted a net sales figure of USD1.98 billion during the 2020 financial year. This im...
    CEAT’s FY 2019/20 sales down 2.9% y/y to USD900.9 million
    Indian tiremaker CEAT’s net sales declined 2.9% year on year (y/y) to INR67.7 billion (USD900.9 million) in the fiscal year ended 31 March 2020, according to a regulatory filing with Bombay Stock Exchange (BSE) on 28 May. Net profit for the fiscal year dropped by 8.3% y/y to INR2.3 billion. Profit...
    Koito’s net sales falls 3.1% y/y to USD7.4 billion in FY 2019/20
    Koito's net sales declined 3.1% y/y to JPY800.9 billion (USD7.4 billion) in the fiscal year ended 31 March 2020, according to a company press release on 28 May. Net profit for the year was also down 20.4% y/y to JPY58 billion. The Japanese automotive lighting systems supplier recorded a 18.8% y...
    Grupo Antolin’s Q1 sales falls 17% y/y to USD1.16 billion
    Grupo Antolin has reported 17% year-over-year (y/y) decline in sales to EUR1.05 billion (USD1.16 billion) in the first quarter ended 31 March 2020, Spain-based automotive interior supplier said in a press release on 28 May. Sales decline mainly due to the COVID-19, which forced automakers to su...
    Preh’s sales increases 13.6% y/y to USD1.68 billion in 2019
    German automotive supplier Preh has reported a 13.6% year-on-year (y/y) increase in sales for fiscal 2019, a company press release on 18 May showed. Sales increased to EUR1.50 billion (USD1.68 billion) from EUR1.32 billion in 2019. Preh posted an EBITDA of EUR174.4 million compared to last year’s ...
    Eberspaecher FY 2019 revenue rises 7.7% y/y to USD5.44 billion
    German automotive thermal components supplier, Eberspaecher, has announced its financial results for the 2019 fiscal year (FY). According to a press release issued by Eberspaecher on 26 May, the company posted a revenue of EUR4.97 billion (USD5.44 billion), which represents an increase of 7.7% year ...
    Press Kogyo FY 2019 net sales fall 6.97% y/y to USD1.91 billion
    Japanese automotive components supplier Press Kogyo has released their financials for the full fiscal year (FY) 2019. According to a press statement issued by Press Kogyo on 12 May, the company has registered net sales of JPY205.29 billion (USD1.91 billion) during the FY 2019 period, which implies a...
    NVIDIA’s Q1 revenue up 39% y/y to USD3.08 billion
    NVIDIA’s revenues were up 39% year over year (y/y) to USD3.08 billion in the first quarter ended 26 April 2020, the company said in a press release on 21 May. The company’s operating income more than doubled to USD976 million. NVIDIA reported more than twofold growth y/y in in net income to USD9...
    Bosch’s sales in mainland China declines 5.9% y/y to USD15.6 billion in 2019
    Bosch reported 5.9% year-over-year (y/y) decline in sales in mainland China to CNY109.3 billion (USD15.3 billion) in the financial year ended 31 December 2019, the Germany-based automotive supplier announced during 2020 Annual Press Conference in Shanghai earlier in May. Sales of automotive and...
    Yokohama Rubber Q1 2020 revenue falls 13.64% y/y to USD1.2 billion
    Japanese tire manufacturer Yokohama Rubber has announced its financial results for the first quarter of 2020. According to a press release issued by Yokohama Rubber on 22 May, the company has posted its sales revenue of JPY129.13 billion (USD1.2 billion) during this period, which represents a fall o...
    Röchling’s FY 2019 sales up 9.9% y/y to USD2.5 billion
    Röchling’s sales increased 9.9% year on year (y/y) to EUR2.3 billion (USD2.5 billion) in the financial year 2019 ended 31 December, according to a company press release on 19 May. EBIT, however, fell by EUR28.6 million to about EUR105.9 million, resulting in EBIT margin of 4.9% compared with 7.3%...
    Ichikoh’s Q1 net sales down 8.1% y/y to USD296.1 million
    Ichikoh Industries, a Valeo company, has reported a 8.1% year-on-year (y/y) decline in net sales to JPY31.9 billion (USD296.1 million) for the first quarter ended 31 March 2020, according to a company press release on 21 May. Net income for the quarter also declined 48.8% y/y to JPY871 million. Lowe...
    Apollo Tyres’s FY 2019/20 net sales down 6.8% y/y to USD2.1 billion
    Indian tiremaker Apollo Tyres has reported a 6.8% year-on-year (y/y) decline in consolidated revenues to INR160.9 billion (USD2.14 billion) for the fiscal year ended 31 March 2020, according to a company press release on 19 May. The company’s profit before taxes also declined 38.8% y/y to INR8.8 b...
    Webasto’s FY 2019/20 sales up 9% y/y to USD4 billion
    Webasto Group reported a growth of approximately 9% year on year (y/y) in sales to EUR3.7 billion (USD4 billion) for the fiscal year 2019/20, according to a company press release on 19 May. “The weakening economy, the increased pricing pressure in the automobile industry and international trade...
    Tokyo Radiator’s FY 2019/20 sales down 4.3% y/y to USD267.9 million
    Japan-based manufacturer of heat exchanger Tokyo Radiator’s net sales declined 4.3% y/y to JPY28.9 billion (USD267.9 million) in the fiscal year ended 31 March 2020, according to a company press release. Operating income also fell by 50.2% y/y to JPY716 million and net profit decreased 91.9% ...
    Panasonic's net sales falls 6.3% y/y to USD69.4 billion in FY2019/20
    Panasonic Corporation has reported a fall of 6.3% year on year (y/y) in its net sales to JPY7.4 trillion (USD69.4 billion) during the financial year ended 31 March 2020, according to a company press release on 18 May. Net income for the fiscal year also dropped by 20.5% y/y to JPY225.7 billion. ...
    Gestamp’s Q1 2020 revenue drops 7.3% y/y to USD2.19 billion
    Spain-based automotive structural components supplier Gestamp has released its financial results for the first quarter of 2020. According to a press release issued by Gestamp on 18 May, the company has posted a revenue of EUR2.01 billion (USD2.19 billion) during the quarter ended 31 March 2020, whic...
    Sumitomo Rubber’s Q1 2020 revenue fall 9.7% y/y to USD1.78 billion
    Japanese tire and rubber components manufacturer Sumitomo Rubber Industries (SRI) has announced its financial results for the first quarter of this year. According to a press statement issued by Sumitomo Rubber on 18 May, the company reported a sales revenue figure of JPY190.8 billion (USD1.78 billi...
    AGC’s Q1 net sales falls 1.1% y/y to USD3.3 billion
    AGC’s net sales declined 1.1% year on year (y/y) to JPY357.5 billion (USD3.3 billion) in the first quarter ended 31 March 2020, the company said in a press release on 18 May. Net income dropped by 13.4% y/y to JPY13.5 billion, while operating profit grew 7% y/y to JPY22.3 billion. Sales in the ...
    Tachi-S’s FY 2019/20 net sales fall 6.1% y/y to USD2.6 billion
    Automotive seating supplier Tachi-S has reported a 6.1% year-on-year (y/y) decline in net sales to JPY282.3 billion (USD2.6 billion) for the fiscal year ended 31 March 2020, according to a company press release on 14 May. The company posted net loss of JPY1.56 billion compared to net profit of JPY1....
    Martinrea’s Q1 2020 revenue declines 14.4% y/y to USD619.1 million
    Martinrea has reported a fall of 14.7% year on year (y/y) in its revenues to CAD872.7 million (USD619.1 million) during the first quarter ended 31 march 2020, according to a company press release on 13 May. Net income for the period also dropped by 47.6% y/y to CAD28.9 million during the quarter.&nb...
    LEONI’s Q1 consolidated sales decline 10.6% y/y to USD1.25 billion
    LEONI posted a 10.6% year-on-year (y/y) decline in consolidated sales for the first quarter of fiscal 2020, the company said in a press release on 13 May. Sales came in at EUR1.13 billion (USD1.25 billion) compared to EUR1.26 billion a year earlier. Net loss narrowed to EUR67 million from ...
    Johnson Electric’s FY 2019 sales down 6% y/y to USD3.07 billion
    Johnson Electric posted a 6% year-on-year (y/y) fall in sales for full year 2019 at USD3.07 billion, the company said in a press filing on 13 May. Net loss attributable to shareholders was USD494 million compared to a net profit of USD281 million in the previous corresponding period. Profit was impa...
    Pirelli Q1 2020 revenue declines 20% y/y to USD1.14 billion
    Italy-based tire manufacturer Pirelli has announced its financial results for the first quarter of 2020. According to a press statement issued on 13 May, Pirelli posted a revenue of EUR1.05 billion (USD1.14 billion) during the first quarter 2020 period. This represents a drop of 20% year on year (y/...
    Linamar’s Q1 sales slumps 21.5% y/y to USD1.10 billion
    Linamar has reported a 21.5% year-on-year (y/y) decline in sales for the quarter of fiscal 2020. Sales came in at CAD1.55 billion (USD1.10 billion) compared to CAD1.98 billion in the previous corresponding period. Net earnings slumped 40.7% to CAD78.5 million. Sales for the Transportation segment...
    Bekaert Q1 2020 consolidated sales fall 11% y/y to USD1.06 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 quarter of this fiscal year. The company registered a consolidated sales figure of EUR977 million (US...
    Novelis net sales fall 8.9% y/y to USD11.2 billion in FY 2019/2020
    Novelis has reported a drop of 8.9% year on year (y/y) in its net sales to USD11.2 billion in the full year ended 31 March 2020, according to a company press release on 7 May. Net income for the 12-month period fell 3.2% y/y to USD420 million. During the last quarter, net sales decreased 12% from th...
    thyssenkrupp first half 2020 sales falls 4% y/y to USD17.24 billion
    Germany-based components supplier thyssenkrupp AG has announced its financial results for the first half of this year. According to a press release issued by thyssenkrupp on 12 May, the company registered sales of USD17.24 billion during the first half of 2020, which implies a decline of 4% yea...
    Eaton’s Q1 net sales fall 9.7% y/y to USD4.7 billion
    Power management company Eaton has reported a decrease of about 10% year on year (y/y) in net sales to USD4.8 billion for the first quarter of 2020, according to a company press release on 30 April. “At our annual investor day on 2 March, we indicated that our first quarter would be impacted by...
    Toyo Tires’ Q1 2020 net sales drops 8.9% y/y to USD770 million
    Toyo Tires’ net sales decreased 8.9% year on year (y/y) to JPY82 billion (USD770 million) in the first quarter of 2020, according to a company press release on 12 May. Operating income also declined 31.8% y/y to JPY6.9 billion and net income dropped 62% y/y to JPY2.1 billion. In terms of busine...
    Central Glass's net sales fall 3.2% y/y to USD2 billion in FY 2019/20
    Central Glass has reported a decline of 3.2% year on year (y/y) in net sales to JPY222.5 billion (USD2 billion) for the fiscal year ended 31 March 2020, according to a company press release on 12 May. Operating profit for the year also fell by 21.3% y/y to JPY7.9 billion, while net profit was down 1...
    COVID-19 pandemic: Bridgestone plans late May reopening of American plants
    The American division of tire manufacturer Bridgestone has announced that it is targeting the end of May to resume operations at its plants in the Americas. According to a report filed by motoring publication Modern Tire Dealer, Bridgestone Americas Inc. plans to reopen all its manufacturing facilit...
    Delphi Technologies Q1 2020 revenue slides 18% y/y to USD945 million
    Automotive powertrain components supplier Delphi Technologies has announced its financial results for the first quarter of this year. According to a press statement issued by Delphi on 6 May, the company has posted a revenue of USD945 million during first quarter 2020, which represents a declin...
    Mitsubishi Electric’s FY 2020 revenue falls 1.3% y/y to USD41.38 billion
    Mitsubishi Electric has announced a 1.3% year-on-year (y/y) fall in full year 2020 revenue, a company press release on 11 May showed. Revenue came in at JPY4.46 trillion (USD41.38 billion) compared to JPY4.52 trillion a year earlier. Net profit edged 2.1% lower to JPY221.8 billion. Revenue from i...
    Brembo’s Q1 2020 revenue drops 13.7% y/y to USD622 million
    Italian manufacturer of automotive braking components and systems, Brembo, has released its financial results for the first quarter of 2020. According to a press release issued by the company on 11 May, Brembo generated revenue of EUR575.9 million (USD621.97 million) during first quarter 2020. This ...
    Bridgestone’s Q1 2020 revenue falls 11.3% y/y to USD7 billion
    Japan-based tire manufacturer Bridgestone has announced its financial results for the first quarter of 2020. According to a press statement issued by Bridgestone on 11 May, the company has posted a revenue of JPY752 billion (approximately USD7.0 billion) during first quarter this year. This implies ...
    Henkel's Q1 net sales fall marginally y/y to USD5.5 billion
    Henkel has reported a sale of EUR4.9 billion (USD4.9 billion) during the first quarter ended 31 March 2020, which is a marginal fall of 0.8% year on year (y/y), according to a company press release on 11 May. Henkel's organic sales grew 2.2% y/y in emerging markets, and fell by 2.8% y/y in matu...
    LANXESS’ Q1 2020 sales drops 2% y/y to USD1.88 billion
    Specialty chemicals company LANXESS has reported a decline of 2% year over year (y/y) in net sales to EUR1.7 billion (USD1.88 billion) for the first quarter ended 31 March 2020, Germany-based Specialty chemicals company said in a press release on 6 May. Net income for the period declined by 27.6% y/...
    Cooper-Standard’s Q1 net sales down 25.4% y/y to USD654.9 million
    Cooper-Standard’s net sales declined 25.4% year on year (y/y) to USD654.9 million in the first quarter ended 31 March 2020, the US-based automotive supplier said in a press release on 11 May. The company reported a net loss of USD110.6 million, compared with a net loss of USD5.4 million in the fir...
    Garrett Motion’s Q1 2020 net sales slides 10.8% y/y to USD745 million
    Swiss automotive powertrain components supplier Garrett Motion has published its financial results for the first quarter of this year. In a press statement released on 11 May, Garrett Motion has announced that its net sales for the first quarter 2020 period stood at USD745 million, which represents ...
    Lear’s Q1 sales drops 14% y/y to USD4.5 billion
    Lear’s net sales declined 14% year over year (y/y) to USD4.5 billion in the first quarter ended 31 March 2020, the company said in a press release on 8 May. Excluding the impact of foreign exchange and acquisitions, the company’s sales declined 12%. The company recorded 46% y/y drop in core oper...
    Garmin posts 11.8% y/y increase in Q1 revenue to USD856.1 million
    Garmin has announced a 11.8% year-on-year (y/y) rise in revenue for the first quarter of fiscal 2020, a company press release on 29 April read. Revenue came in at USD856.1 million compared to USD766.1 million a year earlier. Net income for the period rose 15% to USD161.2 million. Gross margin stood ...
    Superior Industries’ Q1 net sales down 15.8% y/y to USD301.1 million
    Aluminum wheel supplier Superior Industries has reported a 15.8% year-on-year (y/y) decline in net sales to USD301.1 million for the first quarter ended 31 March 2020, the company said in a press release on 8 May. The company posted a loss of USD183 million from operations compared with an income of...
    Cerence’s Q2 sales up 23% y/y to USD86.5 million
    Cerence has reported a 23% year-on-year (y/y) jump in sales for the second quarter of fiscal 2020, the company said in a press release on 7 May. Sales came in at USD86.5 million from USD70.3 million a year earlier. Net income for the period ended 31 March 2020 rose to USD12.5 million from USD0.5 mil...
    Rheinmetall’s Q1 2020 consolidated sales rise 1.1% y/y to USD1.47 billion
    German components manufacturer Rheinmetall AG has posted its financial results for the first quarter of 2020. According to a company press release on 8 May, Rheinmetall reported a year-on-year (y/y) increase of 1.1% in its consolidated sales to EUR1.35 billion (USD1.46 billion) during the first...
    American Axle & Manufacturing’s first quarter 2020 sales falls 22.1% y/y to USD1.34 billion
    Components maker American Axle & Manufacturing’s (AAM) net sales declined 21.8% year on year (y/y) to USD1.34 billion in the first quarter ended 31 March 2020, according to a company press release on 8 May. The company posted an operating loss of USD445.4 million compared with an operating inc...
    Sogefi’s Q1 2020 revenue drops 10.2% y/y to USD379.9 million
    Italian automotive components supplier, Sogefi Group, has released its financial results for the first quarter of this year. In the company’s interim financial report dated 8 May, Sogefi has reported a revenue of EUR350.2 million (approximately USD379.9 million) for the first quarter 2020 period, ...
    Tenneco’s Q1 2020 revenue slides 15.56% y/y to USD3.8 billion
    American automotive parts supplier, Tenneco, has announced its financial results for the first quarter of 2020. According to a press statement released by Tenneco on 8 May, the company has reported revenue of USD3.8 billion for the first quarter 2020 period, which represents a decline of 15.56%...
    Magna's first-quarter 2020 sales down 18% y/y to USD8.66 billion
    Canada-based automotive components manufacturer Magna has announced its financial results for the first quarter of this year. In a press release issued by Magna on 7 May, the company stated that it registered sales of USD8.66 billion, which implies an 18% decline from the USD10.59 billion ...
    Gentherm’s first-quarter 2020 revenue falls 11.4% y/y to USD228.6 million
    Gentherm has reported an 11.4% year-on-year (y/y) decline in revenue to USD228.6 million in the first quarter ended 31 March 2020, the company said in a press release on 7 May. Excluding the impact of foreign exchange translations and divested assets, the company’s revenue decreased 7.5% y/y. Oper...
    Osram’s Q2 revenue drops 4.7% y/y to USD907.7 million
    Osram has reported a 4.7% year-on-year (y/y) decline in revenue to EUR821 million (USD907.7 million) for the second quarter ended 31 March 2020, according to a press release on 7 May. Adjusted EBITDA improved 36.8% y/y to EUR39 million, and adjusted EBITDA margin increased on a comparable basis by n...
    Hankook Tire’s Q1 sales decline 12.5% y/y to USD1 billion
    South Korean tire-maker Hankook Tire has reported a 12.5% year-on-year (y/y) decline in sales to KRW1.4 trillion (about USD1 billion) for the first quarter ended 31 March 2020, according to a company press release on 7 May. This decline is primarily decline in OE sales due to vehicle production shut...
    ElringKlinger’s Q1 2020 revenue slides 10.2% y/y to USD429.7 million
    ElringKlinger’s revenue declined 10.2% year over year (y/y) to EUR354.9 million (USD429.7 million) in the first quarter ended 31 March 2020, the Germany-based automotive supplier said in a press release on 7 May. The company’s organic revenue fell by 9.8% y/y in the quarter, when global vehicle ...
    Continental’s consolidated Q1 2020 sales fall 10.9% y/y to USD10.57 billion
    German automotive components supplier Continental has published its financial results for the first quarter of this year. In a press statement issued by Continental on 7 May, the company stated that its consolidated sales for the first quarter of 2020 stood at EUR9.8 billion (approximately USD10.57 ...
    Cooper Tire's Q1 2020 net sales falls 14.1% y/y to USD532 million
    American tire manufacturer Cooper Tire & Rubber Company has announced its financial results for the first quarter of 2020. According to a press release issued by Cooper Tire on 7 May, the company has posted a net sales figure of USD532 million during the first quarter 2020 period, which implies ...
    Stoneridge’s Q1 net sales falls 16.2% y/y to USD183 million
    Stoneridge has announced a 16.2% year-on-year (y/y) drop in net sales for the first quarter of fiscal 2020. Net sales came in at USD183 million from USD218.3 million a year earlier. Net income for the period slumped nearly 64% to USD3.5 million. Control Devices sales totaled USD98.2 million. The ...
    Schaeffler Q1 2020 revenue falls by 9.2% y/y to USD3.54 billion
    Germany-based automotive components supplier, Schaeffler AG, has announced its financial results for the first quarter of 2020. In a press statement issued by Schaeffler on 6 May, the company has stated that it posted revenues of EUR3.28 billion (approximately USD3.54 billion) during first quarter 2...
    Elmos Semiconductor posts 3.3% y/y rise in Q1 sales to USD71 million
    Elmos Semiconductor reported a 3.3% year-on-year (y/y) increase in sales for the first quarter of fiscal 2020. Sales for the period came in at EUR64.2 million (USD71 million) compared to EUR62.2 million a year earlier. Consolidated net profit for the quarter dropped 17.9% to EUR4.6 million, the G...
    Borealis' Q1 sales falls 8.3% y/y to USD2.1 billion
    Borealis has reported a fall of 8.3% year on year (y/y) in its net sales to EUR1.96 billion (USD2.1 billion) during the first quarter, according to a company press release on 6 May. Net income during the period also dropped 24.5% y/y to EUR151 million. In the first quarter of 2020, net debt increase...
    BorgWarner Q1 2020 net sales drops 11.2% y/y to USD2.28 billion
    American multinational automotive parts manufacturer, BorgWarner, has announced its financial results for the first quarter of 2020. In a press statement released on 6 May, the company reported net sales of USD2.28 billion during first quarter 2020, which implies a fall of 11.2% year over year (y/y)...
    Axalta’s Q1 net sales drops 12.1% to USD983.5 million
    Axalta Coating Systems’ net sales decreased 12.1% y/y to USD983.5 million in the first quarter ended 31 March 2020, the company said in a press release on 5 May. Net income for the quarter was up 20.2% y/y to USD52.2 million, while income from operations was down 33.9% y/y to USD65.1 million....
    Adient’s Q2 net sales drops 17% y/y to USD3.51 billion
    Adient’s net sales declined 17% year over year (y/y) to USD3.51 billion in the second quarter ended 31 March 2020, the US-based automotive seating supplier said in a press release on 5 May. The company recorded EBIT gain of USD66 million against EBIT loss of USD22 million in the corresponding peri...
    Illinois Tool Works’ Q1 revenue down 9.1% y/y to USD3.2 billion
    Illinois Tool Works (ITW) has reported a 9.1% year-over-year (y/y) decline in revenues to USD3.2 billion for the first quarter ended 31 March 2020, the US-based supplier said in a press release on 5 May. Lower revenue impacted ITW’s operating income, which dropped by 9.2% y/y to USD761 million. Th...
    Nokian Tyres’ Q1 2020 net sales decline 17.8% y/y to USD303.3 million
    Finland-based tire maker Nokian Tyres has released its financial results for the first quarter of 2020. According to a press statement issued by Nokian Tyres on 5 May, the company’s net sales for the first quarter 2020 period stood at EUR279.8 million (approximately USD303.3 million), which repres...
    Aptiv’s Q1 revenue drops 9.8% y/y to USD3.23 billion
    Aptiv has reported 9.8% year-over-year (y/y) decline in net sales to USD3.23 billion in the first quarter ended 31 March 2020, the company said in a press release on 5 May. Adjusted for currency exchange, commodity movements and divestitures, revenue decreased 7%. Aptiv’s revenue declined by 22% y...
    Infineon posts marginal y/y increase in Q2 FY2020 revenue at USD2.20 billion
    Infineon has announced a 0.15% year-on-year (y/y) rise in second quarter revenue for fiscal year (FY) 2020. Revenue came in at EUR1.99 billion (USD2.20 billion) from EUR1.98 billion in the year-ago-quarter. Net income for the quarter fell 22.9% to EUR178 million. Gross margin stood at 34.5%, co...
    BASF’s Q1 net sales up 7% y/y to USD13.9 billion
    BASF has reported a growth of 7% year on year (y/y) in its sales to EUR16.8 billion (around USD18.5 billion) for the first quarter ended 31 March 2020, according to a company press release on 30 April. Income from operations (EBIT), however, declined 18% y/y to EUR1.45 billion. Net income for the qu...
    ams’ Q1 FY 2020 revenue surges 32.2% y/y to USD501.2 million
    Austrian sensor specialist ams has reported a 32.2% year-on-year (y/y) increase in first quarter of fiscal year (FY) 2020 revenue to USD501.2 million, the company said in a press statement. Operating margin was at 20% compared to 6% last year. Net loss expanded to USD17 million from a loss o...
    Goodyear Q1 2020 sales decline 15% y/y to USD3.1 billion
    US-based Goodyear Tire & Rubber Company has announced its first quarter 2020 results. According to a press release on 30 April, the company registered sales of USD3 billion during the first quarter of 2020, down 15% year on year (y/y). The tire maker has reported loss before income taxes of USD3...
    Dana’s Q1 2020 sales falls 10.65% y/y to USD1.93 billion
    American automotive components manufacturer Dana Inc. has released its financial results for the first quarter of 2020. The company recorded sales of USD1.93 billion during first quarter 2020, which represents a decline of 10.65% compared to the USD2.16 billion in sales the company registered during...
    Visteon’s Q1 net sales decline 12.7% y/y to USD643 million
    Visteon has reported a 12.7% year-on-year (y/y) decline in net sales to USD643 million in the first quarter ended 31 March 2020, the company said in a press release on 30 April. The company generated 37% of the first-quarter sales from Europe, 28% from the Americas, 18% from China, and 17% from...
    LG Chem's Q1 sales grow 7.4% y/y to USD5.8 billion
    LG Chem has reported a 7.4% year-on-year (y/y) growth in sales to KRW7.1 trillion (USD5.8 billion) for the first quarter ended 31 March 2020, according to a company press release on 28 April. Despite higher sales, operating profit declined 15.8% y/y to KRW236.5 billion. The company said revenue reco...
    Qualcomm reports 4.7% y/y rise in Q2 FY 2020 revenue
    Qualcomm has posted a 4.7% year-on-year (y/y) rise in revenue for the second quarter of fiscal 2020, the chipmaker said in a press release on 29 April. Revenue increased to USD5.22 billion from USD4.98 billion, but net income slumped 29.4% to USD468 million. The total revenue was boosted by a 10%...
    Denso’s FY2019/20 revenue declines 3.9% y/y to USD47.8 billion
    Denso has reported 3.9% year-over-year (y/y) decline in consolidated revenue to JPY5.15 trillion (USD12 trillion) in the financial year (FY) ended 31 March 2020, the company said in a press release today. Operating profit declined 80.7% y/y to JPY61.1 billion. The company also recorded 73.2% y/y dro...
    Constellium’s Q1 2020 revenue drops 6% y/y to USD1.52 billion
    Constellium has reported approximately a 6% year-on-year (y/y) fall in revenue to EUR1.4 billion (about USD1.5 million) for the first quarter ended 31 March 2020, according to a company press release on 29 April. The company posted a net loss of EUR31 million, compared with net income of EUR24 milli...
    CIE Automotive reports 1.2% y/y growth in Q1 sales to USD909 million
    CIE Automotive has reported 1.2% year-over-year (y/y) increase in sales to EUR822 million (USD909 million) in the first quarter ended 31 March 2020, the company said in a press release on 29 April. The company recorded EBITDA of EUR140.3 million, down 7.1% y/y, and EBITDA margin 17.1%. EBIT decrease...
    Aisin’s FY 2020 revenue falls 6.4% y/y to around USD35 billion
    Aisin Seiki’s revenue declined 6.4% year on year (y/y) to JPY3.7 trillion (around USD35 billion) in the fiscal year (FY) ended 31 March 2020, the company said on 30 April. Net income dropped 78.2% y/y to JPY24 billion. The company posted a 72.7% y/y decline in operating income to JPY56.1 billion. ...
    TE Connectivity’s revenue falls 6.4% y/y in Q2 FY 2020
    TE Connectivity has announced a 6.4% year-on-year (y/y) fall in revenue for the second quarter of fiscal year (FY) 2020, the company said in a press release on 28 April. Net sales for the period fell to USD3.20 billion from USD3.41 billion a year earlier. It was in line with the company’s guidance...
    Bosch’s sales falls 0.9% y/y to USD87 billion in 2019
    Bosch has reported a fall of 0.9% year on year (y/y) in its sales to EUR77.7 billion (USD87 billion) for the full year ended 31 December 2019, according to a company press release on 29 April. EBIT from operations during the year touched EUR3.3 billion and EBIT margin was 4.2%. Sales of the Mobility...
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