Veoneer's Q3 net loss doubles y/y to USD68 million
Company forecast higher drop in full-year sales due to declining light vehicle production in major markets
Veoneer’s net loss more than doubled to USD68 million in the third quarter ended 30 September 2018 compared with net loss of USD33 million a year earlier, the Sweden-based automotive supplier said in a press release last week. The company also recorded higher operating loss of USD58 million against USD16 million incurred a year earlier.
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