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    The case for OEM-made operating systems in the age of software-driven vehicles
    By combining vehicle domains with the cloud and internet of things (IoT), future software architecture will have a common hardware layer at the vehicle level, a common middleware layer in the software level, and an operating system that will add different features in a scalable way. To sustain futur...
    Chip supply constraints will likely persist until third quarter 2021
    The semiconductor shortage crisis has hit the automotive industry at a time when the sector started to experience a moderate recovery in production levels following a pandemic-inflicted slowdown. The ramp up in demand of chips from the automotive industry started when the supply lines were already s...
    Martinrea FY 2020 sales dips 12.6% y/y to USD3.38 billion
    Canada-based automotive components supplier Martinrea has posted its financial results for the full fiscal year 2020. According to a press release issued by Martinrea on 4 March, the company posted a total sales figure of USD3.38 billion, which implies a reduction of 12.64 % year-over-year (y/y) fro...
    Gentherm FY 2020 revenue slips 6% y/y to USD913.1 million
    US-based thermal management technology provider, Gentherm, has published its financial results for the 2020 fiscal year. According to a press release issued by Gentherm on 1 March, the company generated a revenue of USD913.1 million during FY 2020, which implies a reduction of 6% year over year (y/y...
    Sogefi FY 2020 revenue slides 17.8% y/y to USD1.45 billion; appoints Frederic Sipahi as new CEO
    Italy-based automotive components supplier, Sogefi Group, has released its financial results for the fiscal year of 2020. According to a press release issued by Sogefi on 26 February, the company generated revenues of EUR1.2 billion (approximately USD1.45 billion) during FY 2020, which implies a dro...
    Valeo’s FY 2020 sales down 16% y/y to USD20.2 billion
    Valeo has reported financial results for the fiscal year ended 31 December 2020. According to a company press release dated 18 February 2021, Valeo’s sales declined 16% year-on-year (y/y) to EUR16.4 billion (about USD20.2 billion). The company’s OE sales and aftermarket sales declined 16% and 12...
    Modine Q3 2020 net sales rises 2.3% y/y to USD484.3 million
    Automotive thermal management solutions supplier Modine Manufacturing Company has announced its financial results for the third quarter of fiscal year (FY) 2020. According to a press release issued by Modine on 4 February, the company registered net sales of USD484.3 million duri...
    Mitsubishi Electric’s nine-month FY 2020/21 revenue falls 9.5% y/y to USD23.18 billion
    Mitsubishi Electric has announced a 9.5% year-on-year (y/y) fall in nine-month FY 2021 revenue to JPY2.94 trillion (USD23.18 billion), a company press release on 2 February read. Net profit dropped 33% y/y to JPY107.7 billion. Operating profit fell to JPY137.7 billion from JPY182.2 billion. Reven...
    DENSO April–December 2020 revenue declines 9.9% y/y to USD33.9 billion
    DENSO has reported a 9.9% year-on-year (y/y) decline in consolidated revenue to JPY3.5 trillion (USD33.9 billion) for the first nine months ended 31 December 2020, the Japanese supplier said in a press release on 2 February. Operating profit for the period totaled JPY66.6 billion and net profit JPY4...
    Valeo reports preliminary results for Q4 2020; total sales amount to USD6.1 billion
    Valeo has reported preliminary results for the fourth quarter of 2020, according to a company press release on 14 January. Despite the acceleration of the second wave of the COVID-19 pandemic, Valeo recorded like-for-like growth in OE sales of 5.3% in the fourth quarter of 2020 to EUR4.2 billio...
    Indian automotive components industry’s turnover in H1 FY 2020/21 drops 34% y/y to USD15.9 billion
    The Indian automotive components industry’s turnover declined 34% year-over-year (y/y) to INR1.19 trillion (USD15.9 billion) in the first half of the financial year (FY) 2020/21, ended 30 September 2020, according to a press release by the Automotive Components Manufacturers’ of India (ACMA) on ...
    Rheinmetall’s consolidated sales falls 7% y/y to USD4.76 billion in January–September 2020
    Germany-based components and systems supplier, Rheinmetall, has published its financial results for the January–September period of 2020. According to a press release issued by Rheinmetall on 6 November, the company announced that it recorded consolidated sales during the first nine months of 2020...
    Modine Q2 2020 net sales slip 7.76% y/y to USD 461.4 million
    Automotive thermal solutions supplier, Modine, has announced its financial results for the second quarter of this year. According to a press release issued by Modine on 5 November, the company posted net sales of USD461.4 million, which implies an 7.76% year-over-year (y/y) reduction from the USD500...
    Denso’s H1 revenue falls 20.8% y/y to USD19.6 billion
    Denso has reported a drop of 20.8% year-on-year (y/y) in revenues to JPY2 trillion (USD19.6 billion) for the first six months ended 30 September 2020, according to a company press release on 29 October. The company posted an operating loss and a net loss of JPY69.6 billion and JPY71.1 billion, respe...
    Gentherm’s Q3 2020 revenue climbs 8.1% y/y to USD259.5 million
    Thermal management technology supplier Gentherm has published its financial results for the third quarter of 2020. According to a press release issued by Gentherm on 29 October, the company posted product revenues of USD259.5 million during the third quarter 2020 period, which represe...
    Valeo’s Q3 2020 sales fall 8% y/y to USD5.1 billion
    Valeo’s net sales fell 8% year-on-year (y/y) to EUR4.4 billion (USD5.1 billion) for the third quarter ended 30 September 2020, according to a company press release on 27 October. Original equipment (OE) sales totaled EUR3.7 billion, a decline of 7% y/y. In terms of business groups, sales of Com...
    Sogefi's revenue falls 8.1% y/y to USD339.2 million in Q3
    Sogefi has reported a fall of 8.1% year on year (y/y) in its revenue to EUR341.1 million (USD404.3 million), for the third quarter ended 30 September 2020, according to a company press release on 23 October. EBIT for the quarter increased by 19.8% y/y to EUR15.6 million, and total net income witness...
    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...
    Martinrea Q2 2020 revenue 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...
    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 ...
    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...
    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...
    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...
    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...
    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...
    Valeo H1 2020 sales declines 27.8% y/y to USD7.92 billion
    French automotive components supplier Valeo has announced its financial results for the first half of this year. According to a press statement issued by Valeo on 21 July, the company posted sales of EUR7.06 billion (USD8.1 billion) (approximately USD7.92 billion) during the first half of 2020, whic...
    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...
    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...
    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...
    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...
    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 ...
    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% ...
    Minda Corporation FY2020 revenue falls 7.5% y/y to USD726.3 million
    Minda Corporation has posted a 7.5% year-on-year (y/y) fall in full year 2020 revenues at INR54.65 billion (USD726.3 million). Profit before tax grew 36% y/y while net profit came in at INR2.86 billion compared to INR2.56 billion a year earlier.
    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...
    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...
    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...
    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...
    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...
    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, ...
    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...
    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...
    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...
    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...
    Valeo Q1 2020 sales declines 8% y/y to USD4.83 billion
    France-based automotive components supplier Valeo has announced its financial results for the first quarter of this year. According to a press release issued by Valeo on 23 April, the company registered consolidated sales of EUR 4.49 billion (approximately USD4.83 billion) during the first quarter o...
    Kongsberg Automotive’s Q1 revenue declines 15% y/y to USD289.6 million
    Kongsberg Automotive’s revenues declined by 15% year on year (y/y) to EUR262 million (USD289.6 million) in the first quarter of 2020, Norway-based auto parts supplier said in a press release on 22 April. The company reported a 6.5% y/y drop in revenue from the Interior segment to EUR72 million, an...
    Sogefi Q1 2020 revenue declines 10.2% y/y to USD379.42 million
    Sogefi reported a fall of 10.2% year on year (y/y) in its revenues to EUR350.2 million (USD379.4 million) during the first quarter ended 31 March 2020, according to a company press release on 20 April. During the three-month period, Sogefi reported a net loss of EUR5.6 million, as compared to a net ...
    Freudenberg FY 2019 sales climbs 1.6% y/y in mainland China, local investments rise by 83%
    Germany-based automotive components and technology firm, Freudenberg, has announced its financial results for the fiscal year 2019. According to a press release issued by Freudenberg on 8 April, the company has stated that it registered sales of EUR9.47 billion (approximately USD10.37 billion) durin...
    Benteler’s net sales fall 3.3% y/y to USD8.6 billion in 2019
    Benteler has reported a fall of 4.4% year on year (y/y) in its net sales to EUR7.7 (USD8.6 billion) during the fiscal year ended 31 December 2019. The revenues of the automotive division EUR6.7 billion during the year, as compared to EUR6.1 billion in 2018.
    Elringklinger's sales grow 1.6% y/y to USD1.9 billion in 2019
    Elringklinger has reported an increase of 1.6% year on year (y/y) in its sales to EUR1.7 billion (USD1.9 billion) during the full year ended 31 December 2019, according to a company press release on 30 March. Profit for the period, however fell by 90.6% y/y to EUR4.1 million. EBIT during t...
    Martinrea’s net income declines 2.5% y/y to USD138.2 million
    Canada-based automotive components supplier Martinrea has posted its financial results for the fourth quarter of 2019 and full fiscal year 2019. According to a press statement released by the company dated 5 March, the company’s net income for the fiscal year of 2019 period stands at CAD181.22 mil...
    Rheinmetall FY 2019 sales rise by 1.7% y/y to USD6.97 billion
    German components manufacturer Rheinmetall AG has posted its financial results for the fiscal year 2019 period. The company reported a year-on-year (y/y) increase of 1.74% in its consolidated revenues to EUR6.26 billion (approximately USD6.97 billion) during fiscal year 2019. The Group’s automo...
    Cooper Standard’s FY 2019 net income falls 34.8% y/y to USD67.5 million
    Michigan-based automotive components manufacturer Cooper Standard has reported a drop of 34.8% year on year (y/y) in its net income to USD67.5 million for the fiscal year ended 31 December 2019, according to a company press release on 24 February. Adjusted net loss for 2019 was USD3.3 million. Sales...
    Sogefi’s FY 2019 revenues down 3.3% y/y to USD1.7 billion
    Sogefi has reported 3.3% year-over-year (y/y) decline in revenues to EUR1.52 billion (USD1.6 billion) in the financial year ended 31 December 2019, the Italy-based automotive supplier said in a press release on 24 February. The company’s revenue at constant exchange rates dropped by 2.2% y/y....
    Valeo reports 43% y/y decline in FY2019 net income to USD350 million
    Valeo’s net income declined 43% year over year (y/y) to EUR313 million (USD350 million) in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales increased by 2% y/y to EUR19.5 billion. Original equipment (OE) sales increased by 1% y/y to EUR16.4 billi...
    Lumax Industries’ Q3 net profit down 61.1% y/y to USD2.6 million
    Lumax Industries has reported a 61.1% year-on-year (y/y) decline in net profit to INR188.9 million (USD2.6 million) for the third quarter ended 31 December 2019, according to a company regulatory filing in early February. Profit before tax for the period was also down by 59.4% y/y to INR251.9 millio...
    Gentherm reports 7.3% y/y drop in FY2019 revenue to USD971.1 million
    US-based thermal management firm, Gentherm, has posted its full year 2019 and fourth quarter 2019 financial results in a press statement issued on 19 February. The company has reported that its product revenue for the fiscal year of 2019 stood at USD971.7 million, which is a drop of 7.3% year on&nbs...
    Dana’s FY2019 sales rise 6% y/y to USD8.6 billion
    In a press release issued on 13 February, American auto supplier Dana reported that its sales for the full year of 2019 stood at USD8.6 billion. This marks a rise by 6% from the sales of USD8.1 billion that the company registered during the same time frame of 2018. Although there was a sales back...
    Motherson Sumi System’s Q3 net profit down 30.4% y/y to USD37.8 million
    Motherson Sumi Systems Limited (MSSL) has reported a 30.4% year-on-year (y/y) decline in consolidated net profit (attributable to owners) to INR2.7 billion (USD37.8 million) for the third quarter ended 31 December 2019, according to a regulatory filing. Revenue from operations in the quarter under r...
    Modine's Q3 net sales fall 12% y/y to USD473.4 million
    Modine has reported a fall of 12% year on year (y/y) in its net sales to USD473.4 million during the third quarter ended 31 December 2019, according to a company press release on 4 February. Net income for the quarter dropped 93.3% y/y to USD1.2 million. Operating income fell 75.5% y/y to USD8.2 mil...
    Denso’s nine-month net profit drops 29% y/y to USD1.25 billion
    Denso has reported a 29% y/y slump in net profit for the nine months ended 31 December 2019, the company’s financial statement showed. Net profit came in at JPY136.12 billion (USD1.25 billion) compared to JPY192.01 billion last year. Revenue for the period fell 2.1% to JPY3.90 trillion. Total r...
    Autoneum’s FY 2019 sales grow marginally y/y to USD2.3 billion
    Autoneum has reported a marginal growth of 0.7% year on year (y/y) in its revenues to CHF2.3 billion (USD2.4 billion) for the fiscal year ended 31 December 2019, according to a company press release on 22 January. Geographically, Autoneum’s North America, Asia and SAMEA (South America, Middle E...
    Martinrea posts 14.48% y/y rise in sales, to USD735 million, during Q3 2019
    Canadian lightweight automotive components and powertrain systems supplier Martinrea announced its financial results for the quarter ended 30 September 2019 in a press release issued on 12 November. The company has reported a rise in revenue from CAD851.14 million during the third qua...
    Keihin’s H1 net profit down 76.2% y/y to USD16.5 million
    Keihin has reported a 76.2% year-on-year (y/y) decline in net income to JPY1.7 billion (USD16.5 million), for the first six months ended 30 September 2019, according to a company press release on 30 October. Net sales during the period fell by 5.2% y/y to JPY164.1 billion. Keihin’s operating profi...
    Modine reports 9% y/y decline in sales to USD500.2 million during Q2 2019
    American manufacturer of thermal management solutions, Modine, has released its financials for the quarter ended September 30th, 2019. In a press release issued on November 7th, the Wisconsin-based company stated that its sales have reduced by 9% from USD548.9 million during Q2 2018 to USD500.2 mill...
    Sogefi Group revenues decline 3.2% y/y to USD1.27 billion during January-September 2019
    Italian auto components manufacturer, Sogefi Group, has released its financial results for the nine months ended September 30th, 2019. In the company’s interim financial report dated November 7th, Sogefi reported a revenue of EUR1.15 billion (approximately USD1.27 billion) during January-September...
    Johnson Electric’s H1 net profit rises 16% y/y to USD162 million
    Johnson Electric posted a 16% rise in net profit to USD162 million for the first half of fiscal year 2020, the company reported on 6 November. Group sales for the same period came in 7% lower at USD1.57 billion while the underlying profit, after adjusting for the effects of significant non-cash ...
    Cooper Standard revenue drops by 15.4% y/y to USD729 million in Q3 2019
    During the third quarter of 2019, Michigan-based automotive components manufacturer Cooper Standard has reported a dip in its sales to the tune of 15.4% year on year to USD729 million. The company’s sales figure for the three months ended September 30th of last year stood at USD861.7 million. Coop...
    Toyota Industries’ H1 net profit rises 10.6% to USD756 million
    Toyota Industries has released its financials in a press statement issued on October 31st, and the company’s net profit for the April-September 2019 period stands at JPY82.28 billion (approximately USD756 million). This represents an increase of 11% when compared to the same time frame of the prev...
    Denso announces H1 2019 results, operating profit down 12% y/y to USD1.2 billion
    Japanese auto components manufacturer Denso has reported its financial results for the first half of 2019, in a press release dated 1 November. The company’s consolidated revenue declined by 0.2% to JPY2,618.4 billion (USD 24.3 billion). Operating profits also registered a reduction, having c...
    Gentherm reports Q3 results, revenue drops 8.2% y/y to USD240.1 million
    US auto components manufacturer Gentherm has released their financial results for the quarter ended 30 September in a statement dated 29 October. According to Gentherm, the product revenues of the company dropped by 8.2% in Q3 to USD240.1 million, compared to USD261.5 million during Q3 of last ...
    Sogefi’s Q3 revenue falls 3.2% y/y to USD1.2 billion
    Sogefi has reported a 3.2% year-on-year (y/y) fall in its revenue to EUR1.1 billion (USD1.2 billion) during the first nine months ended 30 September 2019, according to a company press release on 25 October. The net income for the nine-month period fell by 59.3% y/y to EUR8.3 million. During the Janu...
    BASF’s Q3 net income down 24% y/y to USD1 billion
    In a press release issued on October 24th, German chemical production firm BASF disclosed its financial results for the third quarter of 2019. The company’s sales  declined by 2% to EUR15.2 billion (approximately USD16.85 billion) during Q3 of this year. This was as a result of the lower pric...
    Plastic Omnium’s Q3 consolidated revenue rises 10% y/y to USD2.48 billion
    French auto components manufacturer Plastic Omnium has just released its financial results for the third quarter of 2019. The company’s consolidated revenue has risen by EUR2.24 billion (approximately USD2.48 billion), according to a statement from the company dated 24th October. This represents a...
    Nidec’s net profit drops 65% y/y to USD 253.73 million in H1 2019
    Automotive components manufacturer Nidec has revealed its consolidated financial results for the six months that ended on September 30th, 2019 in a release dated October 23rd. During this period, the company’s profit attributable to owners of the parent dipped by 64.9% compared to H1 2018 to JP...
    Valeo’s Q3 sales rises 8% y/y to USD5.3 billion
    French automotive components supplier Valeo has reported a rise in its revenue by a factor of 8% to EUR4.77 billion (approximately USD 5.3 billion) in the third quarter of 2019 in a press release dated October 24th. However, the company also stated that the ongoing strike at General Motors (GM) has ...
    Rheinmetall Automotive posts 3.4% y/y dip in sales in H1 on weak global demand
    Germany-based components manufacturing firm Rheinmetall Automotive posted a drop in sales during the first half of 2019. In a press release dated October 8th, the company reported a decline of 3.4%, or EUR50 million (approximately USD55 million), in sales figures to EUR1.441 billion in this period. ...
    Stanley Electric Q1 net income falls 5.8% y/y to USD87.1 million
    Stanley Electric Company Ltd has reported a 5.8% year-over-year (y/y) fall in net income for the first quarter ended 30 June to JPY9.41 billion (USD87.1 million), the company said in a press release dated 29 July. Net sales for the period declined by 6% y/y to JPY103.26 billion, resulting in a 7.8% ...
    Balancing aerodynamic performance and cooling efficiency using AGS
    Active aerodynamics and the art of manipulating airflow Modern automotive aerodynamics is more complex than just creating a vehicle with the lowest coefficient of drag (Cd). Cd of a vehicle is a dimensionless number that determines how much air resistance a moving vehicle encounters. Therefore, ...
    Grammer’s H1 net profit up 9.5% y/y to USD31.3 million
    Grammer has reported a 9.5% year-on-year (y/y) growth in net income to EUR27.6 million (USD31.3 million) for the first six months ended 30 June 2019, according to a press release on 13 August. Revenue for the period grew 13.3% y/y to EUR billion. The company’s EBIT amounted to EUR50.2 million, up ...
    Motherson Sumi’s Q1 net profit down 25% y/y to USD47.9 million
    Motherson Sumi Systems Limited (MSSL) has reported a 25% year-on-year (y/y) decline in consolidated net profit (attributable to owners) to INR3.3 billion (USD47.9 million) for the first quarter ended 30 June 2019, according to a regulatory filing on 12 August. Revenue from operations in the quarter ...
    Keihin’s Q1 net income falls 44.3% y/y USD22.3 million
    Keihin has reported a net income of JPY2.4 billion (USD22.3 million), which is a fall of 44.3% year on year (y/y), during the first quarter ended 30 June 2019, according to a company press release on 2 August. Net sales during the quarter also fell 3.6% y/y to JPY84.1 billion. Keihin’s operating p...
    ElringKlinger's Q2 net revenue down 0.8% y/y to USD493.4 million
    ElringKlinger has reported a fall of 0.8% year on year (y/y) in its revenue to EUR434.1 million (USD493.4 million) during the second quarter ended 30 June 2019, according to a company press release on 7 August. During the quarter, ElringKlinger witnessed net loss of EUR8.6 million, compared to a net...
    Continental’s Q2 net sales declines 1% y/y to USD12.8 billion
    Continental has reported a 1% year-on-year (y/y) fall in its net sales to EUR11.2 billion (USD12.8 billion) during the second quarter ended 30 June 2019, according to a company press release today (7 August). Continental’s net income also dropped 41% y/y to EUR484.8 million during the three-month ...
    Minda Industries’ Q1 net profit down 23.6% y/y to USD7.7 million
    Minda Industries, the flagship company of the Indian auto parts supplier Uno Minda Group, has reported a 23.6% year-on-year (y/y) decrease in net income to INR534.8 million (USD7.7 million) for the first quarter ended 30 June 2019, the company said in a press release. The company reported a marginal...
    DuPont reports USD571 net loss for Q2
    DuPont has reported a net loss of USD571 million for the second quarter ended 30 June 2019, compared with a net profit of USD1.7 billion in the same period a year ago, according to a company press release on 1 August. Net sales for the period were down 6.6% y/y to USD5.5 million, while loss from con...
    Rheinmetall's H1 net sales increase 2.2% y/y to USD3.2 billion
    Rheinmetall has reported a growth of 2.2% year-on-year (y/y) in its net sales to EUR2.8 billion (USD3.2 million) during this year's second quarter ending 30 June, according to a company press release on 1 August. Consolidated operating earnings rose 5.8% y/y to EUR163 million. The order ba...
    Cooper Standard’s Q2 net income jumps more than threefold y/y to USD145.3 million
    Cooper Standard’s net income grew more than threefold year-on-year (y/y) to USD145.3 million in the second quarter ending 30 June, according to a company press release on 1 August. The company witnessed a 17.6% y/y drop in sales to USD764.8 million, resulting in a 4.3% y/y decline in operatin...
    Modine’s Q1 net income drops 63.6% y/y to USD8.2 million
    Modine’s net income fell 63.6% year on year (y/y) to USD8.2 million during the first quarter ended 30 June 2019, the company announced in a press release on 31 July. Net sales also declined 6.5% y/y to USD529 million. On a constant-currency basis, net sales decreased 3% from the prior year. M...
    Toyota Industries’s Q1 net income up marginally y/y to USD497.8 million
    Toyota Industries has reported a marginal growth of 0.6% year on year (y/y) in its net income to JPY53.7 billion (USD497.8 million) for the first quarter ended 30 June 2019, according to a company press release on 31 July. Net sales for the period grew 5.6% y/y to JPY551.2 billion. Despite higher sa...
    Denso Q1 net income decreases 26.1% y/y to USD529.9 million
    Denso’s net income declined 26.1% year over year (y/y) to JPY57.1 billion (USD529.9 million) in the first quarter ended 30 June 2019, the leading Japanese supplier said in a press release on 31 July. Revenue dropped slightly, by 0.5% y/y, to JPY1.32 trillion. Denso also recorded 23.9% y/y drop in ...
    Bekaert’s H1 sales up 2.8% y/y to USD2.5 million
    Bekaert has reported a 2.8% year-over-year (y/y) growth in consolidated sales to EUR2.2 billion (USD2.5 billion) for the first six months ended 30 June 2019, the Belgium-based company said in a press release on 26 July. Combined sales increased by 4% y/y to EUR2.6 billion, including firm revenue gro...
    Valeo’s H1 net income drops 64% y/y to USD184 million
    Valeo has reported a 64.2% year-on-year (y/y) decline in net income to EUR162 million (USD184 million) in the first half ended 30 June 2019, the French supplier said in a press release on 25 July. Sales dropped marginally, by 0.9 % y/y, to EUR9.78 billion. On a like-for-like basis, sales declined 2%...
    BorgWarner's net income falls 33.1% y/y to USD332 million in H1
    BorgWarner has reported a fall of 33.1% year on year (y/y) in its net income to USD332 million during the first half of the year ended 30 June 2019, according to a company press release on 25 July. Net sales declined 6.5% y/y to USD5.1 billion during the first half. BorgWarner’s operating income w...
    Gentherm's H1 net income falls 62.3% y/y to USD29.6 million
    Gentherm has reported a fall of 62.3% year on year (y/y) in its net income to USD29.6 million for the first half of the year ended 30 June 2019, according to a company press release on 30 April. Product revenue during the January to June period also dropped 5.6% y/y to USD501.2 million. However...
    Autoneum's H1 revenue falls marginally to USD1.18 billion
    Autoneum has reported a marginal fall of 0.2% year-on-year (y/y) in its revenues to CHF1.11 billion (USD1.18 billion) during the first half of the year ended 30 June 2019, according to a company press release today (25 July). During the 6-month period, Autoneum reported a net loss of CHF6 million, a...
    Continental revises outlook for fiscal year 2019
    Continental has revised its outlook downwards for the fiscal year 2019 and now has a sales forecast of around EUR44 billion (USD49.3 billion) to EUR45 billion (USD50.4 billion) as compared to the previous forecast of EUR45 to EUR47 billion, the company announced in a press release on 22 July. Adjust...
    Sogefi's H1 net income falls 53.3% y/y to USD7.8 million
    Sogefi has reported a fall of 53.3% year on year (y/y) in its net income to EUR6.9 million (USD7.8 million) during the first half of the year ended 30 June 2019, according to a company press release on 22 July. The net sales too, for the six-month period, fell by 4.3% y/y to EUR777.8 million. During...
    Johnson Electric's Q1 sales fall 12% y/y to USD767 million
    Johnson Electric has reported a fall of 12% year on year (y/y) in its sales to USD767 million during the first quarter ended 30 June 2019, according to a company press release on 10 July. Sales from the Automotive Products Group (APG) decreased by around 10% y/y to around USD639 million. While the A...
    Stanley Electric’s FY 2018/19 net income up 11.6% y/y to USD362.7 million
    Stanley Electric’s net profit grew 11.6% year on year (y/y) to JPY40.3 billion (USD362.7 million) in the fiscal year ended 31 March 2019, according to the company’s annual report published in July this year. The company’s sales declined marginally by 1.8% y/y to JPY434.1 billion. Operating inc...
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