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    Will China drive global alignment in EV battery swap standards?
    China, the largest electric car market in the world, is expected to drive global benchmarks in electric vehicle battery swapping practices, as well as the emerging battery-as-a-service, or BaaS, industry. Neither the EV battery swap model is new nor it was invented in China. However, it is the only ...
    How driving assistance and automation are impacting the steer-by-wire systems market
    The current steering systems market is primarily controlled by low-end, column-motor systems in the entry and lower-midclass vehicle segments and high-end, rack-motor systems in the upper-midclass and premium-class vehicle segments. However, steer-by-wire (SBW) steering systems will dominate the fut...
    Autoliv adapts to new business conditions, confirms 2022 financial targets
    According to a press release on 20 June 2022, Autoliv, a supplier of automotive safety systems, has said that it is adapting to new business conditions and is beginning to see results from its price increase negotiations with customers to offset inflationary pressures. According to the component ...
    Tachi-S reports FY 2021 net sales at USD1.69 billion, up 4.32% y/y
    Japan-based Tachi-S reports fiscal year (FY) 2021 net sales at JPY206.44 billion (USD1.69 billion) with a year-on-year (y/y) decrease of 4.32% compared to JPY198.50 billion in 2021 for the twelve months ended 31 March 2022, according to a filing by the company on 13 May. Operating loss was reported ...
    Covestro reports Q1 2022 net sales at USD5.21 billion, up 41.57% y/y
    Covetsro reports first quarter 2022 net sales at EUR4.68 billion (USD5.21 billion) with a year-on-year (y/y) increase of 41.57% compared to EUR3.30 billion in 2021 for the three months ended 31 March 2022, according to a filing by the company on 3 May. Operating income was reported at EUR806 million...
    Grupo Antolin reports Q1 2022 net sales at USD1.09 billion, down 8.82% y/y
    Grupo Antolin has reported first quarter net sales at EUR981 million (USD1.09 billion) with a year-on-year (y/y) decrease of 8.82% compared to EUR1.07 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 30 May. Operating income was r...
    Vitesco Technologies report Q1 2022 revenues at USD2.4 billion, down 1.9% y/y
    Vitesco Technologies’ first quarter of 2022 revenues stood at EUR2.26 billion (USD2.41 billion), down 1.9% y/y, the company said reporting its financial results on 13 May 2022. Vitesco’s sales for the March quarter in the last year stood at EUR2.3 billion (USD2.46 billion). The company said...
    Modine reports FY 2021/22 net sales at USD2.05 billion, up 13.88% y/y
    Modine reports financial year (FY) net sales of USD2.05 billion with a 13.88% increase and full year ended 31 March 2021, according to a filing by the company on 25 May. Operating income for 2021 was reported at USD119.2 million. Net income for 2021 was reported at USD85.2 million. Research and deve...
    Ichikoh reports Q1 2022 net sales at USD260.59 million, down 8.52% y/y
    Ichikoh has reported first quarter net sales at JPY31.78 billion (USD260.59 million) with a year-on-year (y/y) decrease of 8.52% compared to JPY34.74 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 12 May. Operating income was re...
    Lidar supplier Quanergy reports Q1 2022 revenue at USD1.4 million, up 257% y/y
    Quanergy has reported first-quarter revenues at USD1.4 million with a year-on-year (y/y) increase of 257% compared to USD383 thousand in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 17 May 2022. Operating loss increased to USD62.2 mil...
    Bekaert reports Q1 2022 net sales at USD1.46 billion, up 23% y/y
    Bekaert has reported first-quarter net sales at EUR1.38 billion (USD1.46 billion) with a year-on-year (y/y) growth of 23% compared to EUR1.12 billion in the first quarter of 2021 for the three months ended on 31 March 2022, according to a filing by the company on 11 May 2022. Bekaert’s Rubber R...
    ROHM reports FY2021 net sales at USD3.45 billion, up 25.6%
    ROHM has reported a 25.6% year-on-year (y/y) rise in net sales to JPY452.12 billion (USD3.45 billion) for the full year FY2021, compared to JPY359.88 billion in the last year, a company press release read on 11 May. Operating profit for the year was reported at JPY71.47 billion for the FY2022 compar...
    CTS posts 15% y/y growth in Q1 sales at USD147.7 million
    CTS Corp has announced a 15% y/y increase in net sales for the first quarter of fiscal year 2022, a company filing on 28 April. Net sales came in at USD147.7 million compared with USD128.4 million a year earlier. Net earnings for the same period grew to USD20.2 million from USD12 million. “Our ...
    Wejo’s Q1 net revenue surges 86% y/y to USD568,000
    Wejo has reported a net revenue of USD568,000 in the first quarter, representing an 86% year-on-year (y/y) increase over last year, according to a company press release on 16 May. Net loss narrowed to USD40.3 million from the previous corresponding quarter. Revenue increase was driven by growth i...
    Tachi-S reports 4% y/y rise in net sales for FY 2021 at USD1.60 billion
    Japanese interior parts supplier Tachi-S has reported a 4% year-on-year (y/y) growth in net sales for FY 2021 at JPY206.44 billion (USD1.60 billion), according to a company press release on 13 May. The company posted a net loss of JPY2.06 billion compared with operating loss of JPY13.70 billion in t...
    ABC Technologies reports Q3 2022 net sales at USD285.77 million, up 31.13% y/y
    ABC Technologies has reported third quarter net sales at USD285.77 million with a year-on-year (y/y) increase of 31.13% from USD217.92 million in the third quarter of 2021 for the three months ended 31 March, according to a filing by the company on 13 May. Operating income for the quarter was report...
    Kongsberg Automotive reports Q1 2022 revenue at USD228.3 million, up 0.6% y/y
    Kongsberg Automotive has reported first-quarter revenues at EUR218.8 million (USD228.3 million) with a year-on-year (y/y) increase of 0.6% compared to EUR217.5 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 13 May 2022. Operatin...
    Lidar supplier Aeye reports Q1 2022 revenue at USD1.1 million, up 229% y/y
    Aeye has reported first-quarter revenues at USD1.1 million with a year-on-year (y/y) increase of 229% compared to USD0.617 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 13 May 2022. Operating loss increased to USD24.9 millio...
    Lidar supplier Innoviz Technologies reports Q1 2022 revenue at USD1.77 million, up 144% y/y
    Innoviz Technologies has reported first-quarter revenues at USD1.77 million with a year-on-year (y/y) increase of 144% compared to USD0.727 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 11 May 2022. Operating loss increased ...
    Radar supplier Arbe Robotics reports Q1 2022 revenue at USD0.9 million, up 51% y/y
    Arbe Robotics has reported first-quarter revenues at USD876 thousand with a year-on-year (y/y) increase of 51% compared to USD580 thousand in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 12 May 2022. Operating loss increased to USD10....
    ArcelorMittal reports Q1 2022 net sales at USD21.8 billion, up 34.85% y/y
    ArcelorMittal has reported first-quarter net sales at USD21.8 billion with a year-on-year (y/y) increase of 34.85% compared to USD16.1 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 5 May 2022. Operating income increased to USD4...
    Pirelli reports Q1 2022 revenue at USD1.6 billion, up 22.2% y/y
    Pirelli has reported first-quarter net sales at EUR1.52 billion (USD1.6 billion) with a year-on-year (y/y) increase of 22.21% compared to EUR1.24 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 10 May 2022. Net income was EUR109....
    Brembo's Q1 2022 revenues up 27% y/y to USD904.8 million
    Italian manufacturer of automotive braking components and systems, Brembo has generated a revenue of EUR857.6 million (USD904.8 million) during first quarter of 2022, representing an increase of 27% from the previous corresponding period. Its net profit increased to EUR71.7 million from EUR61.4 mill...
    Yokohama Rubber Q1 revenue rises 28.3% y/y to USD1.43 billion
    Yokohama Rubber has reported a 28.3% year-on-year (y/y) increase in first quarter revenue at JPY185.59 billion (USD1.43 billion), according to its press filing on 13 May. Profit attributable to owners of parent slumped to JPY10.16 billion from JPY27.82 billion last year. Operating profit totaled JPY...
    Arconic reports Q1 2022 net sales at USD2.19 billion, up 31.13% y/y
    Arconic Corporation has reported first quarter net sales at USD2.19 billion with a year-on-year (y/y) increase of 31.13% compared to USD1.67 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 3 May. Operating income was reported at ...
    Novelis records 39.6% y/y growth in FY 2022 net sales at USD17.15 billion
    Novelis has reported a 39.6% year-on-year (y/y) increase in its net sales to USD17.15 billion for the full year ended 31 March 2022, according to a company press release on 11 May. Net income for the 12-month period more than quadrupled to USD955 million. Research and development (R&D) expenses ...
    Hankook reports Q1 2022 net sales at USD1.39 billion, up 11.18% y/y
    Hankook tire has reported first quarter net sales at KRW1.79 billion (USD1.39 billion) with a year-on-year (y/y) increase of 11.18% compared to KRW1.61 billion in the first quarter of 2021 for the three months ended, according to a filing by the company on 11 May. Operating income was reported at KR...
    SABIC reports Q1 2022 revenue at USD14.01 billion, up 3% y/y
    Saudi Basic Industries Corporation (SABIC) has reported first quarter revenue at SAR52.64 billion (USD14.01 billion) with a year-on-year (y/y) increase of 3% from the first quarter of 2021 for the three months ended, according to a filing by the company on 12 May. Net income was reported at SAR6.47 ...
    Bridgestone posts 22.5% y/y growth in Q1 2022 revenue to USD6.84 billion
    Bridgestone has posted a revenue of JPY891.01 billion (USD6.84 billion) during first quarter, the Japan-based tire manufacturer said in a press release on 11 May. This implies a 22.5% year-on-year (y/y) increase from the JPY727.22 billion it posted last year. The company’s operating profit rose to...
    Cepton reports Q1 2022 revenue at USD1.5 million, up 239% y/y
    Cepton has reported first-quarter revenue at USD1.5 million with a year-on-year (y/y) increase of 239% compared to USD0.438 million in the first quarter of 2021 for the three months ended on 31 March 2022, according to a filing by the company on 11 May 2022. The operating loss was reported at USD...
    Leoni reports Q1 2022 revenue at USD1.32 billion, down 6.9% y/y
    Leoni has reported first-quarter revenue at EUR1.26 billion (USD1.32 billion) with a year-on-year (y/y) decrease of 6.9% compared to EUR1.35 billion in the first quarter of 2021 for the three months ended on 14 March 2022, according to a filing by the company on 11 May 2022. The EBIT was reported...
    Panasonic’s FY 2022 net sales up 10.2% y/y to USD56.75 billion
    Panasonic has reported a 10.2% year-on-year (y/y) rise in net sales to JPY7.39 trillion (USD56.75 billion) for the full year, a company press release read on 11 May. Net profit came in at JPY255.3 billion compared to JPY165.1 billion a year earlier. On a standalone basis, net sales from domestic ...
    Continental’s Q1 revenue rises 8.2% y/y to USD9.79 billion
    Continental posted an 8.2% year-on-year (y/y) increase in first quarter revenue to EUR9.28 billion (USD9.79 billion), according to a press filing on 11 May. Net income fell to EUR245.4 million from EUR447.6 million a year earlier. Research and Development expenses for the quarter was EUR771.2 millio...
    Cerence posts 12.5% y/y fall in Q2 revenue to USD86.3 million
    Cerence has reported a 12.5% year-on-year (y/y) fall in second-quarter revenue at USD86.3 million, the company said in a press release on 10 May. Net loss for the period came in at USD500,000 compared with an income of USD11.2 million in the year-ago period. Gross margin was 74.7% versus 77% last ye...
    Gestamp reports Q1 2022 revenue at USD2.49 billion, up 7.14% y/y
    Gestamp has reported first quarter revenue at EUR2.25 billion (USD2.49 billion) with a year-on-year (y/y) increase of 7.14% compared to EUR2.10 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 10 May. Operating income was reported...
    Infineon reports Q2 2022 revenue at USD3.474 billion, up 22% y/y
    Infineon has reported second-quarter revenue at EUR3.298 billion (USD3.474 billion) with a year-on-year (y/y) growth of 22% compared to EUR2.700 billion in the second quarter of 2021 for the three months ended on 31 March 2022, according to a filing by the company on 9 May 2022. Operating profit ...
    Illinois Tool Works (ITW) Q1 2022 revenue up 11.01% y/y to USD3.93 billion
    Illinois Tool Works (ITW) has reported first quarter revenue at USD3.93 million with a year-on-year (y/y) increase of 11.01% compared to USD3.54 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 3 May. Operating income was reported...
    Adient reports Q2 2022 net sales at USD3.5 billion, down 8.2% y/y
    Adient has reported second-quarter net sales at USD3.5 billion with a year-on-year (y/y) decrease of 8.2% compared to USD3.8 billion in the first quarter of 2021 for the three months ended on 31 March 2022, according to a filing by the company on 5 May 2022. Equity income decreased to USD7 millio...
    Cooper-Standard reports Q1 2022 net sales at USD613 million, down 8.4% y/y
    Cooper-Standard has reported first-quarter net sales at USD613 million with a year-on-year (y/y) decrease of 8.4% compared to USD669 million in the first quarter of 2021 for the three months ended on 31 March 2022, according to a filing by the company on 5 May 2022. The Company said that it is ac...
    Goodyear’s Q1 net sales surge 39.8% y/y to USD3.97 billion
    Goodyear has reported sales of USD3.97 billion for the first quarter of fiscal 2022, representing an increase of 39.8% year over year (y/y) from the USD3.51 billion in the precious corresponding period. In a press release dated 6 May, the company reported a net income of USD96 million for the same p...
    Rheinmetall posts marginal y/y fall in Q1 net sales to USD1.34 billion
    Rheinmetall has posted a 0.1% year-on-year (y/y) decline in first quarter sales at EUR1.27 billion (USD1.34 billion), the company said in a press release on 6 May. Operating result came in at EUR92 million compared with EUR84 million last year. Operating margin rose to 7.3% from 6.7%. “Rheinmet...
    ElringKlinger posts Q1 2022 revenue at USD459.33 million, up 2.5% y/y
    German automotive components supplier ElringKlinger AG has reported its first quarter of FY 2022 revenue at EUR434.6 million (USD459.33 million), recording a 2.5% y/y growth despite several global challenges such as semiconductor bottlenecks and supply chain volatility amid the Russia–Ukraine...
    Dana reports Q1 2022 sales at USD2.48 billion, up 10% y/y
    Global supplier of powertrain components and electric drives Dana Incorporated has reported first quarter 2022 sales of USD2.48 billion, compared with USD2.26 billion in first quarter 2021, recording a year-on-year (y/y) growth of 10%, the company said on 27 April 2022. Dana said that the ...
    Aptiv reports Q1 2022 revenue at USD4.2 billion, up 4% y/y
    Aptiv has reported first-quarter revenue at USD4.2 billion with a year-on-year (y/y) increase of 4% compared to USD4.0 billion in the first quarter of 2021 for the three months ended, according to a filing by the company on 5 May 2022. Operating income decreased to USD256 million, compared to USD429...
    Velodyne Lidar reports Q1 2022 revenue at USD6.2 million, down 65% y/y
    Velodyne Lidar has reported first-quarter revenue at USD6.2 million with a year-on-year (y/y) decrease of 65% compared to USD17.7 million in the first quarter of 2021 for the three months ended, according to a filing by the company on 5 May 2022. Operating loss increased to USD48.9 million, compa...
    Garrett Motion posts 9.6% y/y drop in Q1 revenue at USD901 million
    Garrett Motion reported a 9.6% year-on-year (y/y) fall in first-quarter revenue at USD901 million, according to a company press release on 28 April. Net income for the period was USD88 million compared with a loss of USD105 million a year earlier. “In Q1 of 2022, we maintained a strong mar...
    DuPont reports Q1 2022 net sales at USD3.27 billion, up 8.63% y/y
    DuPont has reported first quarter net sales at USD3.27 billion with a year-on-year (y/y) increase of 8.63% compared to USD3.01 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 2 May. Operating income was reported at USD279 million...
    Lidar supplier AEVA reports Q1 2022 revenue at USD1.14 million, up 270% y/y
    AEVA has reported first-quarter revenue at USD1.14 million with a year-on-year (y/y) growth of 270% compared to USD308 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 4 May 2022. Operating loss was reported at USD34.07 million...
    Wolfspeed reports Q3 2022 revenue at USD188 million, up 37% y/y
    Wolfspeed has reported third quarter revenue at USD188 million with a year-on-year (y/y) growth of 37% compared to USD308 million in the third quarter of 2021 for the three months ended 27 March 2022, according to a filing by the company on 4 May 2022. Operating loss was reported at USD62.3 milli...
    BorgWarner reports Q1 2022 net sales at USD3.87 billion, down 3% y/y
    Michigan-based global supplier BorgWarner has reported first quarter 2022 net sales of USD3.87 billion, down 3% y/y on the overall decline in the automotive industry production volumes and weaker foreign currencies, the company said on 4 May 2022. BorgWarner’s first quarter 2021 net sales stood at...
    Gentherm reports Q1 2022 revenue at USD267.65 million, down 7.23% y/y
    Gentherm has reported first quarter net sales at USD267.65 million with a year-on-year (y/y) decrease of 7.23% compared to USD288.53 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 4 May. Operating income was reported at USD14.19...
    ams OSRAM reports Q1 2022 revenue at USD1.31 billion, down 3% y/y
    ams OSRAM has reported first-quarter net sales at EUR1.25 billion (USD1.31 billion) with a year-on-year (y/y) decrease of 3% compared with EUR1.28 billion in the first quarter of 2021, according to a filing by the company on 3 May 2022. Operating income was down 12% y/y to EUR126 million, compa...
    Lear reports Q1 2022 net sales at USD5.20 billion, down 2.80% y/y
    Lear has reported first-quarter net sales at USD5.20 billion with a year-on-year (y/y) decrease of 2.80% compared with USD5.35 billion in the first quarter of 2021 for the three months ended 31 April 2022, according to a filing by the company on 3 May. Operating income was reported at USD183.7 ...
    Plastic Omnium reports Q1 2022 revenue at USD2.08 billion, down 4.7% y/y
    Plastic Omnium has reported first quarter 2022 revenue at EUR1.89 billion (USD2.08 billion) with a year-on-year (y/y) decrease of 4.7% compared with EUR1.98 billion in the first quarter of 2021 for the three months ended, according to a filing by the company on 27 April. Plastic Omnium’s Indust...
    onsemi reports Q1 2022 revenue at USD1.94 billion, up 31% y/y
    onsemi has reported first quarter revenue at USD1.94 billion with a year-on-year (y/y) increase of 31% compared with USD1.48 billion in the first quarter of 2021 for the three months ended 1 April 2022, according to a filing by the company on 2 May. Operating income for the first quarter was re...
    Grammer reports Q1 2022 revenue at USD569.01million, up 2.2% y/y
    Grammer has reported first quarter revenue at EUR514.99 million (USD569.01 million) with a year-on-year (y/y) increase of 2.2% compared with EUR503.71 million in the first quarter of 2021 for the three months ended, according to a filing by the company on 28 April. Operating loss was reported at EUR...
    NXP reports Q1 2022 revenue at USD3.14 billion, up 22.2% y/y
    NXP has reported first-quarter net sales at USD3.14 billion with year-on-year (y/y) growth of 22.2% compared with USD2.56 billion in the first quarter of 2021 for the three months ended 3 April 2022, according to a filing by the company on 2 May 2022. Operating income for the first quarter grew 77.4...
    DENSO reports FY 2021 revenue at USD45.1 billion, up 11.7% y/y
    DENSO has reported FY 2021 revenue at JPY5,515.5 billion (USD45.1 billion), up 11.7 year-on-year y/y over FY 2020 revenue of JPY4,936.7 billion in 2020, the company said while reporting its financial results on 28 April 2022. Operating income for the year was up 120% y/y to JPY341.2 billion compared...
    Visteon reports Q1 2022 net sales at USD818 million, up 11% y/y
    Visteon has reported first-quarter net sales at USD818 million with a year-on-year (y/y) growth of 11% compared to USD756 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 28 April. Operating income for the first quarter remained u...
    Magna reports Q1 2022 net sales at USD9.64 billion, down 5.27% y/y
    Magna has reported first quarter net sales at USD9.64 billion with a year-on-year (y/y) decrease of 5.27% compared to USD10.17 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 29 April. Operating income for the first quarter was d...
    SiriusXM posts 6% y/y rise in Q1 revenue to USD2.19 billion
    SiriusXM has reported a 6.2% year-on-year (y/y) rise in revenue for the first quarter of fiscal 2022, according to its press release on 28 April. Net income was reported at USD319 million compared to USD219 million last year. Operating income for the quarter increased to USD510 million compared to U...
    Qualcomm reports Q2 2022 revenue at USD11.16 billion, up 41% y/y
    Qualcomm has reported second-quarter revenue at USD11.16 billion with a year-on-year (y/y) growth of 41% compared to USD7.93 billion in the second quarter of 2022 for the three months ended 27 March 2022, according to a filing by the company on 27 April 2022. Operating income for the second quart...
    Renesas reports Q1 2022 revenue at USD2.71 billion, up 70.2% y/y
    Renesas has reported first-quarter revenue at JPY346.7 billion (USD2.71 billion) with a year-on-year (y/y) growth of 70.2% compared to USD7.93 billion in the second quarter of 2022 for the three months ended 31 March 2022, according to a filing by the company on 28 April 2022. Operating income fo...
    Grupo Antolin reports FY 2021 net sales at USD4.48 billion, up 2% y/y
    Grupo Antolin has reported a 2% year-on-year (y/y) increase in net sales for FY 2021 at EUR4.05 billion (USD4.48 billion) compared to EUR3.97 billion in 2020 for the full year ended 31 March 2022 according to a press release published by the company on 26 April. Operating income for the year was rep...
    Garmin posts 9.4% y/y increase in Q1 revenue at USD1.17 billion
    Garmin has reported a 9.4% year-on-year (y/y) rise in revenue for the first quarter of 2022 to USD1.17 billion, according to an official filing on 27 April. Net income for the period fell to USD211.6 million from USD220 million. Gross margin declined to 56.5% from 59.8% last year. Revenue fr...
    Constellium reports Q1 2022 revenue at USD2.20 billion, up 48% y/y
    Constellium has reported first quarter net sales at EUR2 billion (USD2.20 billion) with a year-on-year (y/y) increase of 48% compared to EUR1.34 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 27 April. Operating income for the f...
    STMicroelectronics reports Q1 2022 revenue at USD3.55 billion, up 17.6% y/y
    STMicroelectronics has reported first-quarter revenue at USD3.55 billion with a year-on-year (y/y) growth of 27.6% compared to USD3.01 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 27 April 2022. Operating income for the first ...
    Texas Instruments posts 14.4% y/y rise in Q1 revenue to USD4.91 billion
    Texas Instruments has posted a 14.4% year-on-year (y/y) increase in first quarter revenue at USD4.91 billion, a press filing by the US company on 26 April showed. Revenue climbed to USD4.91 billion from USD4.29 billion in the previous corresponding period. Net income rose 26% to USD2.20 billion. ...
    FORVIA reports Q1 2022 net sales at USD5.72 billion, up 32.9% y/y
    FORVIA has reported first-quarter net sales at EUR5.32 billion (USD5.68 billion) with a year-on-year (y/y) increment of % compared to EUR4 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 26 April 2022. The Clarion Electronics ...
    Valeo reports Q1 2022 net sales at USD5.10 billion, up 1.84% y/y
    Valeo has reported first-quarter net sales at EUR4.75 billion with a year-on-year (y/y) reduction of 1.84% compared to EUR4.66 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 26 April 2022. The comfort and driving assistance...
    STRATTEC reports Q3 2022 net sales at USD115.9 million, down 4.68% y/y
    STRATTEC has reported first-quarter net sales at USD115.9 million with a year-on-year (y/y) reduction of 4.68% compared to USD121.6 million in the first quarter of 2021 for the three months ended 27 March 2022, according to a filing by the company on 21 April 2022. Operating income for the first qua...
    Nidec reports 2021–22 turnover at USD14.97 billion, up 18.5% y/y
    Japanese manufacturer of electric motors, Nidec Corporation has reported net sales of JPY1.91 trillion (USD14.97 billion) for the year ending 31 March 2022, recording a growth of 18.5% y/y, the company said on 21 April 2022. Nidec’s net sales for the previous fiscal stood at JPY1.61 trillion. Nide...
    PPG reports Q1 2022 net sales at USD4.30 billion, up 11% y/y
    PPG has reported first quarter net sales at USD4.30 billion with a year-on-year (y/y) increase of 11% compared to USD3.88 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 21 April. Operating income for the first quarter was USD78 ...
    Dow reports Q1 2022 net sales at USD15.26 billion, up 28% y/y
    Dow has reported first quarter net sales at USD15.26 billion with a year-on-year (y/y) increase of 28% compared to USD11.88 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 21 April. Operating income for the first quarter was up 5...
    Gentex reports Q1 2022 net sales at USD468.25 million, down 3.19% y/y
    Gentex has reported first quarter net sales at USD468.25 million with a year-on-year (y/y) reduction of 3.19% compared to USD483.72 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 22 April. Operating income for the first quarter ...
    Autoliv reports Q1 2022 net sales at USD2.12 billion, down 5.3% y/y
    Automotive safety systems company Autoliv has reported first quarter net sales at USD2.12 billion with a year-on-year (y/y) reduction of 5.3% compared to USD2.24 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 22 April. Operating...
    TomTom’s Q1 revenue drops 2.1% y/y to USD139.1 million
    TomTom has reported a 2.1% year-on-year (y/y) fall in first quarter revenue at EUR128.4 million (USD139.1 million), a press filing by the mapmaker on 14 April showed. Net loss for the quarter widened to EUR21.5 million compared with a net loss of EUR11.5 million a year earlier. Gross margin came in ...
    HELLA's sales up 0.2% y/y to USD5.24 billion in first nine months of FY 2021–22
    Global automotive supplier HELLA has reported a 0.2% year-on-year (y/y) increase in sales growth over the first nine months for FY 2021–22 at EUR4.6 billion (USD5.24 billion), according to a press release by published by HELLA on 7 April. Adjusted earnings before interest and taxes (EBIT) came in ...
    Grammer reports FY 2021 net sales at USD2.1 billion, up 11.2% y/y
    Grammer has reported a 11.2% year-on-year (y/y) increase in sales growth for FY 2021 at EUR1.9 billion (USD2.1 billion) compared to EUR1.71 billion in 2020, according to a press release published by the company on 30 March. Operating EBIT for the year increased to EUR22.8 million. Both automotive an...
    Huawei’s FY 2021 revenue slides 28.6% y/y to USD100 billion
    Huawei has announced a 28.6% year-on-year (y/y) drop in revenue to CNY636.8 billion (USD100 billion) for the 2021 financial year, an official report on 28 March read. The fall is attributed to supply chain challenges. However, its net profit of CNY113.7 billion was an increase of 75.9% y/y while its...
    Vitesco reports 4% y/y increase in FY 2021 sales to USD9.18 billion
    Vitesco has reported a 4% year-on-year (y/y) sales growth for FY 2021 at EUR8.35 billion (USD9.18 billion), a company filing on 25 March read. EBITDA for the year more than doubled to EUR523.9 million while net loss for the period narrowed to EUR122 million from EUR376.7 million. Research and Develo...
    Aeye reports FY 2021 revenue at USD3 million, net loss at USD65 million
    Aeye, a United Stated based lidar solutions provider has reported a fiscal-year (FY) 2021 net revenue of USD3.0 million and a GAAP net loss of USD65 million in the full year ended 31 December 2021, according to an annual report published by the company on 28 March 2022. The adjusted EBITDA was US...
    Bekaert reports FY 2021 net sales at USD5.48 billion, up 28.3% y/y
    Bekaert has reported fiscal year (FY) 2021 net sales at EUR4.83 billion (USD5.48 billion), up 28.3% year on year (y/y) from EUR3.77 billion in the full year ended 31 December 2021, according to an annual report published by the company on 25 March 2022. The operating profit for the year totaled EUR5...
    Dana reports FY 2021 sales at USD8.9 billion, up over 25% y/y on post-pandemic recovery
    Dana Incorporated has reported FY 2021 sales at USD8.9 billion, up 25.35% y/y over FY 2020 sales of USD7.1 billion in 2020, the company said while reporting its financial results on 23 February 2022. It said that the increase of USD1.8 billion in its topline can be attributed to stronger demand acro...
    Leoni’s FY 2021 net sales up 24% y/y to USD5.61 billion
    Leoni has reported fiscal-year (FY) 2021 net sales at EUR5.1 billion (USD5.61 billion), up 24% year on year (y/y) from EUR4.1 billion in the full year ended 31 December 2020, according to an annual report published by the company on 23 March 2022. The operating profit for the year totaled EUR91.1...
    Kandi Technologies reports FY 2021 net sales at USD91.5 million, up 18.9% y/y
    Kandi Technologies reports fiscal-year (FY) 2021 net sales at USD91.5 million, up 18.9% year on year (y/) from USD76.9 million for the full year that ended 31 December 2021, according to a filing by the company on 15 March. Operating income for 2021 was USD1.3 million, an increase of 77.1% y/y from ...
    Nexteer’s FY 2021 revenue rises 10.8% to USD3.36 billion
    Nexteer has announced a 10.8% year-on-year (y/y) rise in FY 2021 revenue at USD3.36 billion, a company statement on 16 March read. Its full year operating profit came in at USD115.2 million while net profit grew 1.4% y/y to USD118.4 million. “In 2021, we remained committed to our strategy for p...
    Cepton reports FY 2021 revenue at USD4.5 million, up 124% y/y
    Lidar technology company Cepton reported revenue of USD4.5 million in fiscal year (FY) 2021, up 124% year on year (y/y), the company said on 10 March. The adjusted EBITDA was reduced to USD33.4 million in 2021. Cepton said its successful public listing in February 2022, production business from Koit...
    BorgWarner reports net sales of USD3,655 million in Q4 2021, down 6.9% y/y
    Global automotive supplier BorgWarner reported net sales of USD3,655 million for the fourth quarter of 2021, down 6.9% from USD3,926 million in the fourth quarter of 2020 on reduced production volumes during the period, the company said on 15 February 2022. BorgWarner said that the decline in indust...
    Linamar reports Q4 2021 sales of USD1.19 billion, down 10% y/y
    Canada-based global supplier of powertrain and e-mobility technologies Linamar has reported consolidated sales of CAD1.534 billion (USD1.19 billion) in the fourth quarter of fiscal year (FY) 2021, down 10% year on year (y/y), the company said on 9 March 2022. Linamar’s consolidated sales...
    Continental AG reports 2021 consolidated sales at USD37.15 billion, up 6% y/y
    Global supplier of automotive technologies, Continental AG has reported a consolidated sales of EUR33.8 billion (USD37.15 billion) in fiscal year (FY) 2021, up 6% year on year (y/y), the company said on 9 March 2022.  Continental’s consolidated sales in FY 2020 stood at EUR31.9 billion. The G...
    Michelin releases financial results for full year 2021
    French tire manufacturer Michelin announced via press release on 14 February its financial results for the full year 2021. According to the press release, the highlights of the full year results were: The company reported sales of USD26.795 billion, an operating income of USD3.098 bill...
    ams Osram reports FY 2021 revenue at USD5.78 billion, up 43.7% y/y
    ams OSRAM reports fiscal year (FY) net sales at USD5.78 billion against USD4.02 billion with a year-on-year (y/y) increase of 43.7% for the full year that ended 31 December 2021, according to a filing by the company on 8 January. Operating income for 2021 was USD226 million, an increase from USD158 ...
    Tenneco reports fourth–quarter and full–year 2021 financial results
    US automotive OEM components and aftermarket ride control and emission products manufacturer Tenneco announced via a press release on 23 February its financial results for the fourth quarter and full year ended 31 December 2021. According to the press release, the highlights for the fourth-quarte...
    Constellium reports fourth quarter and full year 2021 financial results
    French manufacturer of aluminum rolled products Constellium announced via press release on 23rd February its financial results for the fourth quarter and full year ended December 31, 2021. According to the press release, the highlights of the fourth quarter results were: Shipments of 385,00...
    Bridgestone releases consolidated financial results for fiscal 2021
    Japanese tire manufacturing company Bridgestone Corporation announced via press release on 15 February its consolidated financial results for the fiscal year ending 31 December 2021. According to the press release, the highlights of the full year results were: Revenue of USD28.355...
    Yokohama Rubber releases financial results for fiscal 2021
    Japanese tire manufacturer Yokohama Rubber announced via press release on 17 February its business and financial results for fiscal 2021 (January to December 2021). According to the release, the highlights of the full year results were: Sales revenue increased 21.7% over the previous y...
    Visteon posts 8.8% y/y rise in FY 2021 net sales to USD2.77 billion
    Visteon has posted net sales of USD2.77 billion for FY 2021, an 8.8% year-on-year (y/y) increase from last year, according to a company press release on 17 February. Net profit for the period came in at USD41 million compared to a loss of USD56 million. Adjusted EBITDA was USD228 million in 2021 or ...
    Faurecia reports FY 2021 net sales at USD17.64 billion, up 8.1% y/y
    Faurecia reports fiscal year (FY) net sales at EUR15.61 billion (USD17.68 billion) against EUR14.45 billion with a year-on-year (y/y) increase of 8.1% for the full year that ended 31 December 2021, according to a filing by the company on 21 January. Operating income for 2021 was EUR862 million, an i...
    Cabot Corp releases financial results for Q1 of fiscal 2022
    US specialty chemicals company Cabot Corp announced its financial results for the first quarter of fiscal 2022 via press release on 31 January. According to the press release, the highlights of the results were: Net sales of USD968 million, compared to USD746 million in the first ...
    TS Tech reports Q3 2022 revenue at USD2.24 billion, marginally down y/y on supply constraints
    TS Tech has reported revenue to JPY258.03 billion (USD2.24 billion) over JPY258.08 billion in third quarter last fiscal, it said on 28 January. Net income for the year was JPY12.98 billion, a decrease of 45% y/y. The company also posted operating income of JPY15.11 billion compared to JPY20.84 billi...
    Tachi-S reports Q3 2021 net sales at USD1.24 billion, up 4.2% y/y
    Tachi-S has reported a 4.2% year-on-year (y/y) increase in net sales to JPY143.75 billion (USD1.24 billion) over JPY137.98 billion in third quarter of 2021, it said on 9 February. Net income for the year decreased to JPY3.54 billion. The company's operating income decreased 36.6% y/y for t...
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