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    Major revision for global light vehicle production forecast – what it means for OEMs’ technology deployment
    The IHS Markit light vehicle production forecast has been cut by 6.2% or 5.02 million units in 2021, and by 9.3% or 8.45 million units in 2022, to stand at 75.8 million units and 82.6 million units, respectively. For 2023, we have reduced the forecast by 1.05 million units or 1.1% to 92 million unit...
    What Fit for 55 means for all member nations in the European Union
    Unveiling a roadmap to make Europe the world’s first climate neutral continent by 2050, the European Commission rolled out the ‘Fit for 55’ package on 14 July 2021, proposing that the suggestions made by the governing body be made legally binding for all members of the European Union (EU). ...
    19-Aug-2021 Insights Policy & Regulation Pinned
    Aptiv expects FY 2021 sales in the range of USD15.1 billion to USD15.5 billion
    Aptiv has revised its financials for the full year, it said in a press release on 11 October. Aptiv says its full year 2021 sales has been revised in the range of USD15.1 to USD15.5 billion, versus a previous range of USD16.1 to USD16.4 billion. Adjusted operating income margins are expected to be i...
    HELLA posts 9.6% y/y increase in Q1 sales at USD1.72 billion
    HELLA has reported a 9.6% year-on-year (y/y) increase in sales for the first quarter at EUR1.47 billion (USD1.72 billion), according to a financial filing dated 28 September. Reported earnings before interest and taxes (EBIT) came in at EUR79 million compared to a loss of EUR115 million last year, w...
    NVIDIA’s Q2 revenue surges 68% y/y to USD6.51 billion
    NVIDIA has reported a 68% year-on-year (y/y) rise in second quarter revenue at USD6.51 billion, according to a company press release on 18 August. Net income for the period rose to USD2.37 billion from USD622 million. Operating margin was 64.8% compared to 58.8% last year. NVIDIA posted second-qu...
    Magna Q2 2021 sales increase 110% y/y to USD9.03 billion
    Global automotive supplier, Magna has reported total sales of USD9.03 billion in the second quarter 2021, registering a y/y growth of 110%, the company said in its earnings release on 6 August. According to the company, revenues from body exteriors and structures contributed USD3.65 billion to ...
    Velodyne Lidar reports 52.1% y/y slump in Q2 revenue to USD13.6 million
    Velodyne has reported a 52.1% year-over-year (y/y) decline in second quarter revenue at USD13.6 million, according to a company press release on 5 August. Net loss for the period was USD80.7 million compared to a loss of USD9.7 million last year. “The use of lidar today in our served markets an...
    Aptiv’s Q2 net sales nearly doubles y/y to USD3.81 billion
    Aptiv reported a 94.2% year-on-year (y/y) growth in net sales for the second quarter at USD3.81 billion, according to a company press release on 5 August. Net income came in at USD147 million compared to a loss of USD369 million last year. “Aptiv's first half performance, which includes record ...
    Continental’s Q2 2021 consolidated sales climb 49.7% y/y to USD11.73 billion
    Germany-based automotive components and systems supplier Continental has published its financial results for the second quarter of the 2021 fiscal year (FY). According to a press release issued by Continental on 5 August, the company posted a consolidated sales figure of EUR9.91 billion (a...
    Panasonic reports 28.8% y/y rise in Q1 net sales to USD16.34 billion
    Panasonic has reported a 28.8% year-on-year (y/y) rise in net sales at JPY1.79 trillion (USD16.34 billion) for the fiscal first quarter, a company press release read on 29 July. Net profit came in at JPY76.5 billion compared with a loss of JPY9.8 billion a year earlier. Sales in Panasonic’...
    Visteon Q2 2021 net sales increases 59% y/y to USD610 million
    According to an official press release dated 29 July, Visteon Corporation announced second-quarter net sales of USD610 million, representing a 59% year over year increase excluding currency impact.During the same time period, total industry production increased by 49%, while Visteon's top customer p...
    Valeo posts 27.4% y/y increase in first half 2021 sales at USD10.60 billion
    Valeo has posted a 27.4% year-on-year (y/y) growth in sales for the first half of fiscal 2021, according to a filing on 22 July. Sales came in at EUR8.99 billion (USD10.60 billion) compared with EUR7.06 billion a year earlier. Net profit was EUR90 million, versus a loss of EUR1.22 billion last ...
    TomTom records 8% y/y growth in Q2 revenue at USD157.2 million
    TTomTom’s revenue increased by 8% year on year (y/y) to EUR133 million (USD157.2 million) in the second quarter of 2021, according to a press release. Location Technology revenue increased by 10% to EUR103 million (second quarter 2020: EUR94 million). Automotive operational revenue increased by 63...
    Velodyne Lidar reports first quarter 2021 financial results
    In a press release on 10 May, Velodyne Lidar announced the financial results for its first quarter ended 31 March 2021 on the company website. The company shipped a market leading 2,684 sensor units in the first quarter of 2021. Total revenue of USD17.7 million compared to USD17.8 million in...
    Aptiv reports first quarter 2021 financial results
    Aptiv PLC, global technology company focused on making mobility safer, greener, and more connected, announced first quarter 2021 US GAAP earnings of USD1.03 per diluted share on its company website on 10 May. “We had a strong start to the year, delivering better than expected revenues...
    Magna Q1 2021 sales rise 17.6% y/y to USD10.18 billion
    Canada-based automotive components and systems supplier, Magna International, has published its financial results for the first quarter of the 2021 fiscal year. In a press release issued by Magna on 6 May, the company announced that it registered sales of USD10.18 billion, which implies a climb of 1...
    Continental Q1 2021 sales rise 3.5% y/y to USD12.38 billion
    Germany-based automotive components and systems supplier, Continental, has published its financial results for the first quarter of the 2021 fiscal year. In a press release issued by Continental on 6 May, the company announced that it registered sales of EUR10.26 billion (approximately USD12.38 bill...
    Denso FY 2020 revenue dips 4.2% y/y to USD44.6 billion
    DENSO posted a full year revenue of JPY4.94 trillion (USD44.6 billion) for the period ending 31 March 2021. The 4.2% drop in revenue was attributed to the ‘significant decline in the first quarter’ due to the COVID-19 pandemic, it said in a press release on 28 April. Consolidated operating profi...
    Valeo Q1 2021 sales rise 4% y/y to USD5.67 billion
    France-based automotive components and systems supplier, Valeo, has published its financial results for the first quarter of 2021. According to a press release issued by Valeo on 28 April, the company reported sales of EUR4.67 billion (approximately USD5.67 billion) for the first quarter of the 2021...
    ZF FY 2020 sales declines by 10.7% y/y to USD40 billion
    ZF has reported 10.7% year-over-year (y/y) decline in sales to EUR32.6 billion (USD40 billion) in the financial year ended 31 December 2020, the Germany-based automotive supplier said in a press release on 19 March. The company generated 46% of its 2020 sales from Europe. North America and Asia-Paci...
    Continental’s FY 2020 sales declines 15.3% y/y to USD46.3 billion
    Continental has reported a 15.3% year-on-year (y/y) decline in sales to EUR37.7 billion (USD46.3 billion) for the fiscal year ended 31 December 2020, the German car parts supplier said in a press release on 9 March 2021. The company posted minus EBIT of EUR718.1 million, compared with minus EBIT of ...
    Hyundai Mobis FY 2020 sales declines 3.7% y/y to USD32.23 billion
    Hyundai Mobis has reported 3.7% year-over-year (y/y) decline in sales to KRW36.63 trillion (USD32.23 billion) in the financial year ended 31 December 2020, the company said in a regulatory filing. Operating profit fell by 22.4% y/y to KRW1.83 trillion. Hyundai Mobis also witnessed 33% y/y drop in pr...
    Velodyne FY 2020 revenue declines 5.9% y/y to USD101.4 million
    Velodyne has reported 5.9% year-over-year (y/y) decline in revenue to USD101.4 million in the financial year ended 31 December 2020, the company said in a press release on 25 February. Product revenue declined 16% y/y to USD68.4 million while revenue from license and services increased 35.2% y/y to ...
    Magna’s FY 2020 sales declines 17.2% y/y to USD32.65 billion
    Canada-based automotive components and systems supplier, Magna International, has published its financial results for the 2020 fiscal year. According to a press release issued by Magna on 19 February, the company reported sales of USD32.65 billion during FY 2020, which represents a reduction of 17.2...
    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...
    Visteon reports 13.5% y/y decline in FY 2020 net sales to USD2.54 billion
    Visteon has reported 13.5% year-over-year (y/y) decline in net sales to USD2.45 billion in the financial year ended 31 December 2020, the company said in a press release 18 February. Lower net sales resulted in loss before income taxes of USD20 million compared to income before income taxes of USD10...
    Aptiv’s FY 2020 net sales declines 9% y/y to USD13.1 billion
    Aptiv’s net sales declined 9% year over year (y/y) to USD13.1 billion in the financial year ended 31 December 2020, the company said in a press release on 3 February. The net decline in sales included volume declines of 7% primarily resulting from the COVID-19 pandemic impacts in the first half of...
    Veoneer’s net sales down 27.8% y/y to USD1.4 billion in FY 2020
    Veoneer has reported 27.8% year-over-year (y/y) decline in net sales to USD1.37 billion in the financial year ended 31 December 2020, the company said in a press release on 3 February. Organic sales fell by 16% y/y in response to 17% drop in global light vehicle production mainly due to the COVID-19...
    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...
    Intel’s FY2020 revenue up 8% y/y to USD77.87 billion
    Intel has posted an 8% year-on-year (y/y) growth for full year 2020 revenue at USD77.87 billion, according to a company press release on 21 January. Operating income for the period rose to USD22.68 billion compared to USD22.04 billion a year earlier, but net income fell marginally by 0.7% to USD20.9...
    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...
    Veoneer estimates new order intake of USD2.6 billion in 2020
    Veoneer, Inc. estimates its current total order book value for full year 2020 to be approximately USD14 billion, the company said in a press release on 7 January 2021. The company expects the share of Active Safety orders to be around 15% in 2020, which is above its current sales market share. Due t...
    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 ...
    Continental’s Q3 sales declines 7.3% y/y to USD12.1 billion
    Continental’s sales declined 7.3% year over year (y/y) to EUR10.3 billion in the third quarter ended 30 September 2020, the company said in a press release on 11 November. Sales, prior to changes in the scope of consolidation and exchange-rate effects, were down 2.7% y/y. Despite the decline in sa...
    Velodyne’s Q3 revenue more than doubles to USD137 million
    Velodyne Lidar has announced financial results for the third quarter ended 30 September 2020 for the first time as a public company, according to a company press release on 5 November. Revenue for the quarter amounted to USD32.1 million, up 137% year over year (y/y). Product revenues grew more than ...
    Magna Q3 sales declines 2% y/y to USD9.1 billion
    Magna has reported 2% year-over-year (y/y) decline in sales to USD9.1 billion in the third quarter ended 30 September 2020, the company said in a press release on 6 November. Despite lower sales, the Canadian supplier recorded income from operations before income taxes of USD436 million against a lo...
    Hyundai Mobis’ Q3 sales up 5.8% y/y to USD8.5 billion
    Hyundai Mobis’ sales increased 5.8% year over year (y/y) to KRW9.99 trillion (USD8.5 billion) in the third quarter ended 30 September 2020, the company said in a regulatory filing on 29 October. Despite higher sales, there was a 9% y/y drop in operating profit to KRW598 billion. Hyundai Mobis...
    Aptiv’s Q3 net sales up 3% y/y to USD3.7 billion
    Aptiv’s net sales increased 3% year over year (y/y) to USD3.7 billion in the third quarter ended 30 September 2020, the company said in a press release on 29 October. Adjusted for currency exchange, commodity movements and divestitures; the company’s revenue increased 3%, despite a 4% decline in...
    Visteon’s Q3 net sales rises 2.2% y/y to USD747 million
    Visteon has reported 2.2% year-over-year (y/y) increase in net sales to USD747 million in the third quarter ended 30 September 2020, the US-based automotive electronics supplier said in a press release on 29 October. Sales, excluding foreign currency impacts, increased by 3%. The company reported in...
    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...
    Aisin Seiki's H1 FY2021 revenues fall 23.1% y/y to USD13.7 billion
    Aisin Seiki has reported a fall of 23.1% year on year (y/y) in its revenue to JPY1.4 trillion (USD13.7 billion) during the first half of the fiscal year ended 30 September 2020. Aisin Seiki witnessed an operating loss of JPY38 billion in the first half, as compared with an operating profit of J...
    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...
    Veoneer Q3 net sales declines 20% y/y to USD371 million
    Veoneer has reported 20% year-over-year (y/y) decline in net sales to USD371 million in the third quarter ended 30 September 2020, the company said in a press release on 23 October. Despite decline in sales, the Sweden-based automotive safety systems supplier narrowed its operating loss to USD103 mi...
    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...
    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...
    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...
    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...
    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...
    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 ...
    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 ...
    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...
    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...
    TomTom’s Q2 revenue falls 41.3% y/y to USD139.1 million
    TomTom has announced a 41.3% year-on-year (y/y) decline in revenue for the second quarter, a press filing showed. Revenue came in at EUR123.7 million (USD139.1 million) from EUR210.8 million last year, while net loss for the period was EUR62 million compared with a profit of EUR742 million, which wa...
    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...
    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...
    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 ...
    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...
    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...
    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...
    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. ...
    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...
    Continental posts preliminary results for Q1 2020, sales decline 10.9% y/y to USD10.6 billion
    German automotive components supplier Continental has released its preliminary financial results for the first quarter of 2020. According to a press statement issued by Continental on 27 April, the company has stated that its consolidated sales for the first quarter of 2020 period stands at EUR...
    Veoneer’s Q1 sales declines 26.7% y/y to USD362 million
    Veoneer has reported 26.7% year-over-year (y/y) decline in net sales to USD362 million in the first quarter ended 31 March 2020, the company said in a press release on 24 April. The company’s organic sales dropped 15% as compared to a 24% decline in the global light vehicle production. The divesti...
    Hyundai Mobis’s Q1 revenue declines 3.6% y/y to USD6.8 billion
    Hyundai Mobis has reported a 3.6% year-on-year (y/y) decline in revenues to KRW8.4 trillion (USD6.8 billion) for the first quarter of 2020 ended 31 March 2020, according to a company press release on 24 April. Operating profit for the quarter dropped by 26.9% y/y to KRW361 billion and net profit dec...
    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...
    TomTom’s Q1 FY 2020 revenue falls 22.6% y/y to USD145.1 million
    Netherlands-based location technology specialist TomTom has reported a 22.6% year-on-year drop in first quarter fiscal year (FY) 2020 revenues on 15 April. For the period ended 31 March, TomTom reported a revenue of EUR131.2 million (USD145.1 million) compared to EUR169.5 million in 2019. It post...
    Nexteer 2019 sales drops 19% y/y to USD3.58 billion
    Nexteer Automotive has reported its annual results for the fiscal year ended 31 December 2019.  According to a company press release on 29 March, revenues in 2019 declined 8.6% year on year (y/) to USD3.58 billion. Net profit also fell by 38.7% y/y to USD232.4 million, largely reflecting the im...
    ZF 2019 sales drop marginally y/y to USD40.9 billion
    ZF’s sales declined 1% year-over-year (y/y) to EUR36.5 billion (USD40.9 billion) in the financial year ended 31 December 2019, the automotive supplier said in an annual press conference in Friedrichshafen, Germany, on 26 March. Adjusted for currency and merger and acquisition (M&A) effects, sa...
    Continental’s sales up marginally to USD60.7 billion in 2019
    Continental has reported a marginal growth of 0.2% year on year (y/y) in its sales to EUR44.4 billion (USD60.7 billion) for the full year ended 31 December 2019, according to a company press release on 5 March. However, during the full year, Continental recorded a net loss of EUR1.2 billion as compa...
    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...
    Visteon’s FY2019 net income drops by more than half y/y to USD70 million
    Visteon has reported a 57% year-over-year (y/y) decline in net income to USD70 million in the financial year ended 31 December 2019, the company said in a press release on 20 February. Sales declined marginally, by 1.3% y/y, to USD2.98 billion, primarily due to lower vehicle production volumes and t...
    COVID-19 outbreak: Aptiv expects to loss USD150-200 million revenue in Q1
    Aptiv expects its financial performance in the first quarter 2020 to be adversely impacted due to extended production suspension at its customers’ plants in China due to the novel coronavirus (COVID-19) outbreak, the company said in a regulatory filing. The company estimates an incremental loss of...
    19-Feb-2020 News COVID-19
    NVIDIA's FY2019/20 net income declines 14% y/y to USD3.6 billion on lower sales
    NVIDIA’s net income declined 14% year over year (y/y) to USD3.6 billion in the financial year ended 26 January 2020, the company said in a press release on 13 February. The company also recorded 15% y/y drop in operating income to USD3.7 billion. NVIDIA reported lower earnings as revenue fell by 7...
    Veoneer’s FY2019 net loss widens y/y to USD500 million
    Veoneer’s net loss increased sharply to USD500 million in the financial year ended 31 December 2019 compared to USD276 million a year earlier, the company said in a press release on 5 February. Net sales dropped 15% year-over-year (y/y) to USD1.9 billion. The company recorded 12% drop in organic s...
    NXP Semiconductors FY2019 revenue falls 5.6% y/y to USD8.88 billion
    NXP Semiconductors has reported a 5.6% year-on-year (y/y) drop in full year 2019 revenue at USD8.88 billion, the company said in a financial statement on 3 February. Net income for the period slumped 88% to USD272 million. Last year the company benefited around USD2 billion in what was classified as...
    Panasonic's April-December 2019 net sales fall 5.3% y/y to USD52.7 billion
    Panasonic has reported a decline of 5.3% year on year (y/y) in net sales to JPY5.7 trillion (USD52.7 billion) for the April to December period, according to a company press release on 3 February. Panasonic witnessed a net profit of JPY178.1 billion, which is a growth of 3.1% y/y. Operating profit fo...
    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...
    Aisin Seiki’s April-December net profit drops 43.9% y/y to USD427.9 million
    Aisin Seiki’s net income declined 43.9% year on year (y/y) to JPY46.7 billion (USD427.9 million) in April to December period ended 31 December 2019, the company said on 31 January. Revenue dropped 4.7% y/y to JPY2.8 trillion, mainly due to a decline in automatic transmission sales in China. The co...
    Samsung Electronics FY2019 profit falls 52.8% to USD23.98 billion
    Samsung Electronics posted a 52.8% year-on-year (y/y) fall in FY2019 operating profit at KRW27.77 trillion (USD23.98 billion), the company said in a filing on 30 January. Total sales came in at KRW230.40 trillion, compared with KRW243.77 trillion last year. For the fourth quarter ended 31 De...
    Aptiv’s 2019 net income drops 7.2% y/y to USD990 million
    Aptiv has reported a 7.2% year-on-year (y/y) decline in net income to USD990 million in the financial year ended 31 December 2019, the company said in a press release on 30 January. Net sales declined marginally by 1% y/y to USD14.4 billion. The company also recorded a 13.4% y/y decline in operating...
    Hyundai Mobis’s 2019 net profit up 21.5% y/y to USD2 billion
    Hyundai Mobis has reported a 21.5% year-on-year (y/y) increase in net profit to KRW2.3 trillion (USD2 billion) in the financial year ended 31 December 2019, the company said in a statement. Sales increased 8.2% y/y to KRW38 trillion. Higher sales helped the leading South Korean supplier to record a ...
    Bosch releases prelim financial results for 2019
    Bosch’s sales remained stable at EUR77.9 billion in the financial year ended 31 December 2019, the Germany-based automotive supplier announced while releasing its preliminary financial results on 29 January. Sales, after adjusting exchange rates effects, declined 1.1% year over year (y/y) over a y...
    Texas Instruments’ FY 2019 net income down 10% y/y to USD5 billion
    Texas Instruments (TI) has reported a 10% year-on-year (y/y) decline in net income to USD5 billion for the fiscal year ended 31 December 2019, the company announced in a press release on 22 January. The American semiconductor company reported an 8.8% y/y drop in revenue to USD14.3 billion. Lower sal...
    Intel’s FY2019 revenue up 1.6% y/y to USD71.97 billion
    Intel has posted an 1.6% year-on-year (y/y) growth for full year 2019 revenue at USD71.97 billion. Operating income for the period fell to USD22.04 billion compared to USD23.32 billion a year earlier, while net income was relatively unchanged at USD21.05 billion. R&D expenses for the full year s...
    Magna expects continued growth in sales, improvement in EBIT margin over next three years
    Magna has released its financial outlook for 2020 and 2022, expecting continued growth in sales and improvement in EBIT margin, the company said in a press release on 16 January. For 2022, Magna forecasts sales in the range of USD40.5 billion to USD43.5 billion and EBIT margin in the range of 7.6% t...
    Veoneer estimates current total order book value to be around USD19 billion
    Swedish autos parts supplier Veoneer estimates its current total order book value to be approximately USD19 billion, in line with the estimate of more than USD19 billion from the end of 2018, the company announced in a press release on 3 January 2020. The company said that it underlines strong sales...
    NVIDIA’s Q3 net income declines 27% y/y to USD899 million
    NVIDIA’s net income dropped 27% year-on-year (y/y) to USD899 million in the third quarter ended 27 October (FY 2019/20), the company said on 14 November. The US-based company recorded a 5% y/y decline in revenue for the quarter to USD3 billion, while lower revenue resulted in a 12% y/y d...
    Continental’s Q3 sales up 3% y/y to USD12.1 billion
    Continental has reported 3% year-over-year (y/y) increase in sales to EUR11.1 billion (USD12.1 billion) in the third quarter ended 30 September 2019, the company said in a press release on 12 November. Adjusted for change in scope of consolidation exchange rates, sales dropped slightly, by 0.3% y/y....
    Intel’s Q3 net income drops 6% y/y to USD6 billion
    Chipmaker Intel reported last month a 6% year-on-year (y/y) drop in third quarter net income at USD6 billion on a GAAP basis. Revenue came in flat at USD19.2 billion but gross margin fell to 58.9% from 64.5% a year earlier. Revenue from its unit Mobileye saw a healthy increase. The unit, which is...
    Magna’s sales decline 3.1% y/y to USD9.3 billion in Q3
    Magna has reported 3.1% year-over-year (y/y) decline in net sales to USD9.3 billion in the third quarter ended 30 September 2019, the leading Canadian automotive supplier said in a press release on 8 November. Sales, excluding the impact of foreign exchange currency translation and divestures net of...
    Schaeffler’s Q3 revenue increases 2.6% y/y to USD3.9 billion
    Schaeffler has reported a growth of 2.6% year on year (y/y) in its revenue to EUR3.6 billion (USD3.9 billion) during the third quarter ended 30 September 2019. Net income during the quarter, however, declined 17.1% y/y to EUR212 million. EBIT also fell 17% y/y to EUR312 million.  Sales in Au...
    Hyundai Mobis’s Q3 net income up 29.4% y/y to USD483.4 million
    Hyundai Mobis has reported 29.4% y/y increase in net income to KRW582 billion (USD483.4 million) in the third quarter ended 30 September 2019, the leading automotive supplier from South Korea said in a regulatory filing. Sales in the quarter increased 12.1% y/y to KRW9.44 trillion. Higher sales also...
    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...
    Aisin Seiki reports 52.9% y/y drop in H1 net income to USD281.3 million
    Aisin Seiki’s net income declined 52.9% year-on-year (y/y) to JPY30.4 billion (USD281.3 million) in the first half ended 30 September, the company said on 31 October. Revenue dropped 4% y/y to JPY1.91 trillion, mainly due to a decline in automatic transmission sales in China. In the first hal...
    Aptiv Q3 net income rises 10.8% y/y to USD246 million
    Aptiv has reported 10.8% year-over-year (y/y) increase in net income to USD246 million in the third quarter ended 30 September 2019, the company said in a press release on 30 October. Net sales increased by 2% y/y to USD3.6 billion. Adjusted for currency exchange, commodity movements and divestures,...
    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 ...
    Visteon’s Q3 net income drops 33.3% y/y to USD14 million
    Visteon reported a 33.3% dip in net income for the quarter ended 30 September, according to a press filing on 24 October. While net income came in at USD14 million, quarterly sales grew 7% to USD731 million. "Our revenue growth in the third quarter reflected the positive impact of the high number...
    Veoneer’s Q3 net loss almost doubles y/y to USD133 million
    Veoneer’s net loss almost doubled year over year (y/y) to USD133 million in the third quarter ended 30 September 2019, the company said in a press release on 23 October. The company also recorded operating loss of USD122 million, more than double over USD58 million a year earlier. Veoneer reported...
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