Bridgestone’s net profit declined 19.5% year over year to ¥203.5 billion (nearly $1.4 billion) in the nine-month period of the current financial year ended on Sept. 30, 2025. The company also recorded a 22.6% year-over-year drop in operating profit to ¥291.7 billion. Bridgestone reported a sharp decline in earnings in the first nine months of 2025 as revenue fell by 1.1% year over year to ¥3.23 trillion. However, at ¥368.4 billion, adjusted operating profit increased by 4.3% compared with ...

OPmobility reported a 1% year-over-year decline in economic revenue to €2.7 billion in the third quarter ended Sept. 30, 2025. Revenue on a like-for-like basis, excluding foreign exchange impacts and scope of consolidation, increased 2.6% year over year. Consolidated revenue, which combines economic revenue and revenue from joint ventures, fell 3.8% year over year to €2.4 billion. During the third quarter, the French supplier experienced strong market momentum in North America and Asia, d...

EVgo Inc., a major provider of public fast-charging infrastructure for electric vehicles, reported its financial results for the third quarter of 2025. The company experienced a 37% year-over-year increase in total revenue, amounting to $92.3 million, with charging network revenue reaching a record $55.8 million, marking the 15th consecutive quarter of double-digit growth. EVgo's net loss for the quarter decreased to $28.3 million in the third quarter, which is 15% lower than $33.2 million re...

The board of directors of India-based automotive lighting supplier Lumax Industries has approved the establishment of a new manufacturing plant in Bengaluru, Karnataka, CNBC TV 18 reported Nov. 7. The company will invest 1.4 billion rupees (about $15.8 million) in the greenfield facility, which will be funded through internal accruals. The plant will produce lighting systems for Maruti Suzuki and Toyota Motors. It is expected to become operational by the fourth quarter of the fina...

Wallbox N.V., a global provider of electric vehicle charging and energy management solutions, announced its financial results for the third-quarter ending September 30, 2025. The company reported revenue of €35.5 million, compared to €34.6 million in Q3 2024, marking a 2.3% year-on-year (y/y). The net loss for the quarter stood at €20.8 million, as against €42.6 million in Q3 of 2024. While Wallbox's Adjusted EBITDA showed an improvement of 8% quarter-over-quarter, it was st...

Continental has achieved important milestones in its realignment plans during the past quarter, including the spin-off of Aumovio and the agreement to sell its Original Equipment Solutions (OESL) business area. The final stages of its realignment involve the sale of ContiTech next year and a strategic focus on its Tires business. Continental faced challenging market conditions in the third-quarter of 2025 due to economic uncertainties, but the Tires group sector performed well, particularly in N...

Valeo’s sales increased 0.6% year over year to €5 billion in the third quarter ended Sept. 30, 2025. Sales on a like-for-like basis, excluding currency impacts and scope of consolidation, increased by 3.5% over the third quarter of 2024. Original equipment (OE) sales, at €4.2 billion, were up by 3.7% on a like-for-like basis, driven by strong performance in the Power and Light divisions. In Europe, OE outperformed overall automotive production, while China's performance improv...

SES AI Corp. has released its financial results for the third quarter of 2025, reporting a revenue of $7.1 million, marking a $3.6 million increase from the previous quarter. The company has updated its revenue guidance for 2025, projecting between $20 million and $25 million. The company recorded a gross margin of 51% due to strong service performance and reported a generally accepted accounting principles net loss of $20.9 million, marking an improvement from the second quarter's loss ...

Adient reported 3.5% year-over-year increase in net sales to $3.7 billion in the fourth quarter ended Sept. 30, 2025. Despite higher sales, the US-based automotive seating supplier recorded a 7.7% year-over-year decline in EBIT to $120 million, while net income fell sharply by 77.2% year over year to $18 million. Adient generated adjusted EBITDA of $226 million, down 3.8% year over year, resulting in an adjusted EBITDA margin of 6.1%. The company reported operating cash flow of $213 million a...

Aisin reported 5.1% year-over-year increase in revenue to ¥2.5 trillion ($16.6 billion) in the first half of the financial year 2025/26, ended Sept. 30, 2025, driven by increased sales volume of powertrain units despite unfavorable foreign exchange translations. Higher revenue drove the Japanese supplier’s earnings, with operating profit growing 70.9% year over year to ¥90.1 billion and net profit increasing sevenfold to ¥765.1 million. Aisin attributed higher earnings, despite the impact o...

Solid Power, Inc., a developer of solid-state battery technology, announced its third-quarter financial results for 2025. The company reported $4.6 million in revenue and grant income for the quarter, contributing to a total of $18.1 million in the year to date, which is higher than $15.6 million reported in the first nine months of 2024. Site acceptance testing under an installation agreement with SK On Co. Ltd. is the primary driver of third-quarter revenue. Operating expenses amounted to $...

Gestamp reported third-quarter financial results on Nov. 4, achieving improved profitability despite challenges in the automotive sector and adverse foreign exchange rates. The company generated €8.5 billion in revenue in the first nine months of the year, impacted by unfavorable foreign exchange rates, but maintained an EBITDA of €937 million with an 11% margin, excluding the Phoenix Plan, its three-year restructuring plan to enhance profitability in the United States-Mexico-Canada Agr...

Novelis anticipates the full reopening of its Oswego aluminum plant in New York, US, by December, following damage from a fire on Sept. 16. This update was shared by Novelis CEO Steven R. Fisher during an earnings call to discussing the company's second-quarter financial results. "We are fully committed to restoring the hot mill and minimizing disruptions," Fisher said. "Significant progress over the past month has allowed us to expedite our timeline, and we now expect the hot mill to be oper...

Magna International Inc. reported its financial results for the third quarter ended Sept. 30, with sales reaching $10.5 billion, a 2% increase from the same period in 2024, according to an Oct. 31 earnings release. The rise in sales was driven by new program launches, a favorable foreign exchange rate shift against the US dollar, and a 3% increase in global light vehicle production. However, these gains were partly offset by the conclusion of certain production programs, reduced vehicle assem...

Toyota Boshoku reported a 2.5% year-over-year increase in revenue to ¥972.3 billion (about $6.5 billion) in the first half of the current financial year ended Sept. 30, 2025. Higher revenue helped the Japanese supplier record a 9.5% year-over-year growth in operating profit to ¥37 billion. The company also achieved a 29% year-over-year increase in net profit, attributable to the owners of the parent, to ¥17.4 billion. Revenue in Japan increased by 2.3% year over year to ¥463.6 billion, dr...

DENSO Corp. reported a 3.3% year-over-year increase in consolidated net sales to ¥3.6 trillion (about $24.1 billion) in the first half of the current financial year ended Sept. 30, 2025. Despite higher sales, the company recorded a 15.8% year-over-year drop in operating profit to ¥211.4 billion, while net profit attributable to owners of the parent company fell 31.2% to ¥131.4 billion.  The leading Japanese supplier attributed increased revenue to higher vehicle sales in North Am...

Lear reported a 1.7% year-over-year increase in net sales to $5.7 billion in the third quarter ended Sept. 30, 2025. Despite higher sales, the US-based supplier recorded a 6.2% year-over-year decline in core operating earnings to $241 million, while net income fell 20.6% year over year to $108 million. Lear attributed lower earnings to production disruptions at JLR and lower volumes on some of its platforms. The company recorded operating cash flow of $444 million and fr...

Forvia Hella’s sales in the first nine months of 2025 remained stable at €5.9 billion. However, the company’s sales, on constant currency, improved slightly, by 0.4% year over year, to €6 billion. “In the first nine months of the year, our business continued to prove robust. Despite a persistently challenging industry environment, we were able to keep sales at the previous year’s level and are thus in line with our expectations,” said Bernard Schäferbarthold, CEO of Forvia Hella. ...

Forvia’s sales declined 3.7% year over year to €6.1 billion in the third quarter ended Sept. 30, 2025. Excluding tooling sales, product sales increased by 1% on an organic basis. The third-quarter sales included negative currency effects of €238 million, mainly resulting from the euro’s depreciation against the US dollar and Chinese yuan. Growth in product sales was led by strong performance by Electronics, Clean Mobility and Lifecycle business groups. Sales increased in the Elec...

Autoliv reported a 5.9% year-over-year increase in net sales to $2.7 billion for the third quarter ended Sept. 30, 2025. Sales increased organically by 3.9%, nearly 70 basis points lower than the 4.9% growth in light vehicle production during the quarter. Autoliv attributed the lower growth in organic sales to an unfavorable light vehicle production mix and higher tariffs. The Sweden-based safety systems supplier recorded higher sales in all regions in the third quarter of 2025 compared to th...

First Brands, the Ohio, US-based automotive-parts maker owned by Patrick James, has filed for Chapter 11 bankruptcy protection, weighed down by debt from years of acquisition-driven expansion and mounting financial strain. The filing, made in the Southern District of Texas, lists liabilities of more than $10 billion against assets of $1 billion-$10 billion. The company has secured $1.1 billion in debtor-in-possession financing from first-lien lenders to maintain operations, stressing that the...

Automotive interior trims supplier Antolin reported an improvement in profitability during the first half of the year despite challenges such as new US tariffs impacting sales in North America and Europe. The company's EBITDA margin increased slightly to 8.6% from 8.4% in the previous year, with a run rate rising to 9.5% from 9.2%, reflecting the impact of its 2023 Transformation Plan. However, net revenue decreased by 9.7% to €1.9 billion due to divestments, currency weaknesses and market vol...

Swvl Holdings Corp, a global provider of tech-enabled mass transit solutions, announced that its operations in Egypt have surpassed their previous peak revenue levels from 2022 in Egyptian-pound terms as of August 2025. The company anticipates achieving parity in US dollar terms soon. This milestone comes less than two years after a significant restructuring period, highlighting a notable turnaround with an improved bottom line.  Over the past two years, Swvl implemented a focused strate...

ChargePoint reported its financial results for the second quarter of fiscal year 2026, ended July 31, 2025. The company's revenue reached $99 million, at the high end of the guidance range, despite a 9% decrease compared to the prior year's same quarter. In the second quarter, the generally accepted accounting principles net loss was $66.2 million, improving by 4% from $68.9 million in the same quarter last year. The non-GAAP pretax net loss decreased by 26% to $31.9 million from $43.0 m...

Hankook Tire’s sales more than doubled to 5.4 trillion Korean won ($3.9 billion) in the second quarter ended June 30, 2025, the company said in a press release. Despite robust growth in sales, the company recorded a 15.8% year-over-year decline in operating profit to 353.6 billion won. The South Korean tiremaker started incorporating the financial performance of Hanon System, a specialist in automotive thermal systems, from the first quarter of 2025. Starting from this quarter, the company ...

Kongsberg Automotive (KA) released its financial results for the second quarter ended June 30, 2025, reporting an 8.1% year-over-year decline in revenue to €192.4 million. Revenue during the second quarter was impacted by a weaker global automotive environment and negative foreign exchange translations. The company recorded an earnings before interest and tax loss of €2.9 million against EBIT income of €6.4 million in the second quarter of 2024, mainly due to increased warra...

Alibaba-backed Banma Network Technology is planning an IPO in Hong Kong. Alibaba holds a 44.72% stake in Banma and expects to retain over 30% post-listing. Deutsche Bank and CICC will act as joint sponsors, and the deal requires approval from the China Securities Regulatory Commission. Founded in 2015, Banma specializes in intelligent automobile operating systems and generated a revenue of $114.8 million in 2024. SAIC Investment Management is also a major shareholder. Banma intends to use the...

Schaeffler reported a 4.6% year-over-year decline in revenue, bringing it down to €11.8 billion for the first half ended June 30, 2025, compared to the prior year's level on a pro-forma basis, the Germany-based automotive supplier said in a press release. At a constant exchange rate, revenue declined 2.6% year over year. While revenue decreased in Europe and Greater China by 5.2% and 6.1%, respectively, Schaeffler reported marginal growth in revenue in the Americas region by 0.9% and in the As...

China CITIC Bank Guangzhou Branch has agreed to provide electric vehicle manufacturer Xpeng with a substantial credit facility totaling 10 billion yuan (approximately $1.4 billion). This financial support is intended to bolster Xpeng's operations and fuel its business growth. The announcement follows a strategic cooperation agreement signed by Brain Gu, vice chairman and co-president of Xpeng, and Xue Fengqing, president of China CITIC Bank Guangzhou Branch. Xpeng emphasized the importance ...

According to a press release on Aug. 19, Keysight Technologies reported its third-quarter 2025 revenue of $1.35 billion, an increase of 10.65% compared to $1.22 billion during the same period in 2024. The company's generally accepted accounting principles net income was reported at $191 million, experiencing a decline from $389 million in the third quarter of 2024. However, non-GAAP net income increased to $297 million from $275 million the previous year. The company's financial performance w...

Amprius has demonstrated a significant business transformation in its second-quarter 2025 financial report, showcasing rapid growth and improved efficiency. The company reported a record-setting revenue of $15.1 million for the quarter, marking a 350% increase from the same period the previous year, indicating a strong demand for its products. Furthermore, revenue for the first half of 2025 reached $26.4 million, surpassing the total revenue of fiscal year 2024. Notably, Amprius achieved a posit...

Thyssenkrupp reported solid business performance in the third quarter of its 2024/2025 fiscal year despite ongoing market challenges. The company experienced a 21% increase in order intake to €10.1 billion, driven primarily by Marine Systems. However, group sales fell to €8.2 billion from the previous year's €9.0 billion due to price and demand factors. Demand in the Automotive Technology, Materials Services and Steel Europe segments was subdued, contributing to a decline in group sal...

Via Transportation has filed for an IPO to sell its stock on the NYSE, joining a select group of government technology suppliers that have gone public, such as Tyler Technologies, Motorola and Axon. Although the filing did not specify the price range or number of shares, it highlights Via's growth, boasting a 50% compound annual growth rate in revenue since 2021. Founded 13 years ago in New York, US, Via's revenue for the year ended Dec. 31, 2024, was $337.6 million, a 35.6% increase from t...

Nexteer Automotive reported a 6.8% year-over-year increase in total revenue to $2.2 billion in the first half ended June 30, 2025, according to a press release issued Aug. 13. The US-based supplier of steering systems and driveline components attributed this revenue growth to continued expansion in the Asia-Pacific region and increased business with Chinese original equipment manufacturers (COEMs). The higher revenue enabled Nexteer to achieve a 16.8% year-over-year growth in E...

Yokohama Rubber has reported its business and financial results for the first half ended June 30, 2025. Sales revenue rose by 10.3% compared to the same period in the previous year, reaching ¥579.2 billion (about $4 billion), while business profit increased by 13.8% to ¥62.1 billion, marking record highs for the first half results. However, operating profit decreased by 2.5% to ¥54.9 billion, and profit attributable to owners of the parent fell by 23.7% to ¥35.5 billion. The rise in busin...

Toyoda Gosei reported a 13.8% year-over-year increase in net profit to ¥13.5 billion (about $93.1 million) in the first quarter of the current fiscal year 2025/26 ended June 30, 2025, the company said in a press release. The Japanese supplier recorded higher net profit despite witnessing a 1.5% year-over-year decline in revenue to ¥260.4 billion. Toyoda Gosei also recorded 6.7% year-over-year growth in operating profit to ¥18.4 billion. Revenue increased in Japan by 4.1% year over year to ...

Valens Semiconductor CEO Gideon Y. Ben-Zvi revealed that the company exceeded its second-quarter revenue guidance, achieving $17.1 million, marking the fifth consecutive quarter of growth. The company reported a generally accepted accounting principles gross margin of 63.5% and an adjusted EBITDA loss of $4.0 million. However, due to global tariffs, some customers have reduced their forecasts for the second half, leading to a revised 2025 revenue guidance of $66 million to $71 million. The compa...

AEye CEO Matthew Fisch announced several new achievements for the company, marking a significant turning point. These include its certification as an NVIDIA DRIVE AGX partner and selection for the General Motors-backed WinTOR project. A major global transportation original equipment manufacturer's selection of Apollo for an important autonomous safety program could bring a $30 million opportunity, expected to contribute to this year's revenue. Additionally, AEye launched the OPTIS platform, whic...

Bridgestone reported a 42% year-over-year decline in net profit to ¥115.5 billion (about $798.7 million) in the first half of the current fiscal year ended June 30, 2025, according to a press release by the Japanese tiremaker. The company's revenue fell by 2.8% year over year to ¥2.1 trillion. Lower revenue also impacted Bridgestone’s operating profit, which dropped by 41.3% year over year to ¥164.5 billion. However, the company recorded a 2.4% year-over-year growth in its adjusted operatin...

Goodyear Tire & Rubber’s net profit more than tripled to $254 million in the second quarter ended June 30, 2025, despite a 2.3% year-over-year decline in net sales to $4.5 billion. The US-based tiremaker also recorded income before income taxes of $305 million, more than double compared to $133 million achieved during the same period in 2024. The second quarter was characterized by gains from the sale of the Dunlop brand, rationalization charges and costs associated with the Goodyear Fo...

Continental demonstrated resilience in the second quarter of 2025, with notable improvements in the Automotive group sector's earnings compared to the previous year and the start of 2025. Despite challenges from tariffs and exchange rates, the Tires group sector maintained a strong double-digit adjusted EBIT margin, while ContiTech increased its adjusted EBIT margin compared to the first-quarter. The company intends to further enhance the Tires and ContiTech sectors in the latter half of the yea...

Solid Power Inc., a developer of solid-state battery technology, released its second-quarter 2025 operational and financial results. Solid Power recorded revenue and grant income of $7.5 million for the quarter, up from $6 million in the first quarter, mainly due to the completion of factory acceptance testing under an agreement with SK On Co. Ltd. Operating expenses rose to $33.4 million from $30.0 million in the prior quarter, leading to a year-to-date net loss of $40.5 million. The co...

Samsung SDI reported its financial results for the second quarter ending June 30, 2025, noting steady revenue of 3.18 trillion won (about $2.13 billion) and a net loss of 167 billion won. Revenue saw a slight increase of 0.1% compared to the previous quarter, but a 22.2% drop year over year. The net loss narrowed by 22.6% compared to last quarter. The battery business, despite a 0.7% quarterly and 23.5% yearly revenue decline to 2.96 trillion won, improved its operating loss by 4.8% from the ...

BYD announced a reduction in fuel consumption for its fifth-generation Dual Mode (DM) hybrid technology to 2.6 liters per 100 kilometers when the battery is depleted. This represents a 10% improvement from the previous rate of 2.9 liters. The enhancement in DM 5.0 technology occurs as BYD faces declining sales in its hybrid models over consecutive months. The improved fuel efficiency is validated by the National Motor Vehicle Quality Inspection and Testing Center in Guangdong, utilizing the new ...

Seating supplier Adient reported a net income of $36 million for the third quarter ended June 30, 2025, contrasting with a net loss of $11 million during the same period the previous year. The US-based company also achieved a 25.5% year-over-year growth in earnings before interest and income taxes, totaling $118 million. Adient's third-quarter earnings showed significant improvement as net sales rose slightly by 0.6% year over year to $3.74 billion. Adjusted EBITDA increased by 12% year ove...

SES AI Corp. reported its financial results for the second quarter of 2025, with revenue totaling $3.5 million, contributing to a first-half total of $9.3 million. The company maintained a gross margin of 74% and experienced a significant reduction in cash used for operations, which decreased by 51% compared to the same period in 2024 and by 53% from the first quarter of 2025. By the end of the quarter, SES AI held a liquidity position of $229 million without any debt and affirmed its annual ...

GlobalFoundries (GF) has reported second-quarter 2025 revenue increases by 3% to $1.688 billion, compared to $1.632 billion at the same time last year. The company reported a gross margin of 24.2%. The operating margin stood at 11.6%. GF's net income amounted to $228 million. The adjusted EBITDA was reported at $585 million. The company held $3.9 billion in cash, cash equivalents and marketable securities, with net cash from operating activities at $431 million. In recent business development...

Seoul Robotics, a company focusing on autonomous driving software, has initiated the process to be listed on the Korean Securities Dealers Automated Quotations (KOSDAQ) market. The Korea Exchange's KOSDAQ market division reported that Seoul Robotics filed an application for a preliminary listing review on Aug. 4. The listing process is being led by Samsung Securities as the main underwriter. Founded in 2017 by CEO Lee Han-bin, who has a background in mechanical engineering from Pennsylvania S...

Koito Manufacturing reported a 38.7% year-over-year increase in net profit to ¥10.1 billion (about $70 million) for the first quarter ended June 30, 2025, as stated in a press release on July 29. The Japan-based automotive lighting systems supplier also recorded a 31.6% year-over-year rise in operating income to ¥11.9 billion. Koito achieved higher earnings in the first quarter despite experiencing a 4.4% year-over-year drop in net sales to ¥219.7 billion. The...

WeRide announced its unaudited financial results for Q2 2025, highlighting a significant 60.8% year-over-year (YOY) increase in total revenue to 127.2 million Chinese yuan ($17.8 million). Robotaxi revenue surged by 836.7% to 45.9 million yuan, marking the highest quarterly robo-taxi revenue since the company's inception. Gross profit rose by 40.6% to 35.7 million yuan ($6.4 million) with a margin of 28.1%. WeRide has made notable advancements, including the launch of the high-performance Com...

Onsemi reported second-quarter 2025 revenue of $1,468.7 million compared to $1.74 billion in 2024, down 15% year over year, according to a press release dated Aug. 4. The gross margins were reported as 37.6% for both generally accepted accounting principles (GAAP) and non-GAAP. The operating margins stood at 13.2% for GAAP and 17.3% for non-GAAP. Onsemi disclosed its earnings per share, noting GAAP diluted earnings per share of $0.41 and non-GAAP diluted earnings per share of $0.53. Additio...

Wallbox NV has reported its financial results for the second quarter of 2025, ending June 30, 2025. During this period, the company generated revenue of €38.3 million, which is a fall of 21.6% year over year. The gross margin for the quarter was 37.8%, and the adjusted EBITDA improved by 33% year over year, amounting to a loss of €7.5 million. North American AC charger sales saw a 21% growth quarter over quarter, and 140 Supernova DC units were sold, marking a 33% increase from the p...

Mainland Chinese electric vehicle battery-maker CATL experienced an increase in net profit growth in the second quarter, despite challenges from a competitive EV market in mainland China. The company reported a 34% (32.9% in the first quarter) rise in net profit, reaching 16.5 billion yuan (about $2.3 billion), and an 8.3% (6.2% in the first quarter) increase in revenue to 94.2 billion yuan. For the first half of 2025, CATL's profit grew by 33%, with revenue up by 7.3%. The mainland Chinese a...

Magna, a leading auto parts supplier and contract vehicle manufacturer from Canada, reported a 3% year-over-year decline in net sales amounting to $10.6 billion in the second quarter ended June 30, 2025, according to a press release dated Aug. 1. The company attributed this decline to reduced light vehicle production in its key markets of North America and Europe, along with lower complete vehicle production volumes due to the end of production for Jaguar I-Pace and E-Pace models. Despite the...

Toyota Boshoku, a Japan-based automotive supplier, reported a 24.7% year-over-year growth in net income, reaching ¥10.8 billion (about $74.7 million) in the first quarter ended June 30, 2025, according to a press release dated July 31. Operating income also rose by 12% year over year to ¥18.7 billion. Despite a 1.7% year-over-year decline in revenue to ¥479.7 billion, the company experienced strong earnings growth. The decline in revenue was attributed to the impact of foreign exchange rat...

Hyundai Mobis reported an 8.7% year-over-year increase in sales to 15.9 trillion won (about $11.7 billion) in the second quarter ended June 30, 2025, according to a press release on July 25. Higher sales helped the leading South Korean supplier record a 36.8% year-over-year growth in operating profit to 870 billion won, resulting in an operating profit margin of 5.5% compared to 4.3% during the same period in 2024. However, the company reported a 6.3% year-over...

DENSO has reported a 16.1% year-over-year decline in net profit to ¥79.3 billion ($548.2 million) in the first quarter ended June 30, 2025, as revenue remained stable at ¥1.75 trillion, the company said in a press release on July 31. Operating profit also declined 11.1% year over year to ¥107.2 billion, while profit before income taxes improved marginally by 1% year over year to ¥140.2 billion. “Revenue in the first quarter remained consistent with the previous year, driven by a st...

Forvia reported a 0.4% year-over-year decline in sales to €13.5 billion in the first half of the financial year ended June 30, 2025, the French supplier said in a press release on July 28. The company recorded a 1.1% year-over-year growth in organic sales, at constant scope and currencies, as global light vehicle production increased 3.1% year over year to 44.9 million, according to S&P Global Mobility.  Despite the drop in sales, Forvia recorded a 3.1% year-over-year growth i...

Gestamp’s revenue declined 9.2% year over year to €5.8 billion in the first half ended June 30, 2025, the company said in a press release on July 28. Despite the sharp decline in revenue, the company’s EBITDA fell by just €1 million to €641 million. The Spain-based supplier concluded the first half with net income of €75 million, down 29% from €106 million recorded in the first half of 2024. Gestamp generated a positive cash flow of €182 million in the second quarter, clo...

Lear Corp. has reported a 4.5% year-over-year decline in net income to $165.2 million in the second quarter ended June 30, 2025, as net sales remained unchanged at $6 billion, recorded during the same period in 2024. Excluding the impact of commodities, foreign exchange, tariff recoveries, and acquisitions and divestitures, sales were down 1%, reflecting lower production on key platforms, which was partially offset by new business wins in both the Seating and E-Systems business. The company also...

NXP Semiconductors has reported its second-quarter 2025 revenue at $2.93 billion, down 6% year over year, for the year ended on June 29, 2025. The company achieved a quarterly revenue that surpassed the midpoint of its guidance, with all major end-markets performing better than expected. NXP's guidance for the third quarter suggests a cyclical improvement in its core end markets, driven by specific growth initiatives. CEO Kurt Sievers highlighted the company's focus on profitability, enhanced co...

During the second quarter ended June 30, 2025, LG Energy Solution reported a consolidated revenue of 5.6 trillion won (about $4.1 billion) and an operating profit of 492.2 billion won. Despite an 11.2% decrease in revenue from the previous quarter, the company achieved a 31.4% increase in operating profit, primarily due to product mix improvements and enhanced cost efficiency. The operating profit margin stood at 8.8%, which includes an estimated North American production incentive of 49...

Gridserve, an electric vehicle charging network based in Swindon, UK, has reported a pretax loss of £82.7 million for 2024, an increase from the £54.8 million loss in 2023. The company's workforce was reduced from 320 to 239 employees over the past year. Despite these losses, Gridserve's revenue grew from £29.1 million in 2023 to £46.2 million in 2024. Recently, Gridserve secured £100 million in new equity investment from existing shareholders, including TPG, Infracapital and Mitsubis...

Via Transportation, a New York-based company specializing in transportation management software, has made a confidential filing with the SEC, indicating a potential move toward an IPO. The details of this prospective IPO remain private for now. If Via proceeds with the IPO, it would join the limited number of public companies in the government technology sector, which includes firms such as Tyler Technologies, Motorola Solutions, Axon and ServiceNow. Jeff Cook, a managing director at She...

Autoliv has reported a 4.2% year-over-year increase in net sales to $2.7 billion in the second quarter ended June 30, 2025, the company said in a press release on July 18. Operating income increased 20% year over year to $247 million, which led to a gain of 120 basis points in operating margin to 9.1%. Autoliv recorded adjusted operating income of $251 million, up 14%, while adjusted operating margin increased from 8.5% to 9.3%. Th...

Kongsberg Automotive (KA) has completed a plan to reduce overhead costs, which is anticipated to save the company €15 million annually. This initiative, revealed during the company's first-quarter presentation in May, is part of KA's strategy to enhance its financial performance. It complements a previously announced cost adjustment program and will affect approximately 150 positions. The implementation of this plan began in May 2025, with most activities scheduled for completion within the ye...

Volvo Cars has entered into a new sourcing agreement with the Sweden-based steel company SSAB for the supply of high-quality, recycled and near-zero emissions steel, beginning 2025. The agreement makes Volvo Cars the first car manufacturer to secure a supply agreement with SSAB for recycled, near-zero emissions steel intended for serial production. This agreement extends a long-term collaboration aimed at promoting sustainable steel. Volvo Cars is also advancing its circular sustainability go...

ChargePoint Holdings Inc. announced its financial results for the first quarter of fiscal year 2026, which ended on April 30, 2025. The company reported a revenue of $98 million, with a generally accepted accounting principles gross margin of 29% and a non-GAAP gross margin of 31%. The first-quarter revenue was down by 9% from the previous year's $107 million for the same quarter. The subscription revenue for this quarter was $38 million, marking a 14% increase compared to the previous y...

Ambarella Inc., based in Santa Clara, California, has released its financial results for the first quarter of fiscal year 2025–26, which ended on April 30, 2025. The company, listed on Nasdaq under the symbol AMBA, reported that its revenue for the period was $85.9 million, marking a 57.6% increase from $54.5 million in the same quarter of the prior fiscal year. The gross margin, according to US generally accepted accounting principles (GAAP), for this quarter was 60.0%, slightly down from 60....

Samvardhana Motherson International Ltd. reported a 40% year-over-year increase in net income of 38 billion rupees (about $444.5 million) in the financial year ended March 31, 2025, the leading auto parts manufacturer from India said in a press release on May 29. The company recorded strong growth in net profit as total revenue surged 15.2% year over year to 1.14 trillion rupees. Higher revenue also helped the Indian supplier to record a profit before tax of 56.2 billion rupees, up 37% year...

Antolin reported a profit of €5.6 million in the first quarter ended March 31, 2025, marking a return to profitability after losses in the previous financial year. This improvement is attributed to the company's efficiency and cost-control measures implemented as part of its Transformation Plan. Despite a 5.2% year-over-year decline in sales to €985 million due to market instability and reduced global vehicle production, the Spain-based company saw a 15% year-over-year increase ...

Baidu's autonomous ride-hailing service, Apollo Go, expanded its fleet to 1,000 robo-taxi vehicles globally, representing a significant milestone for the company, CnEVPost reported May 21. During a recent earnings call, CEO Robin Li shared that Baidu aims to strengthen its position in the autonomous ride-hailing market. According to Baidu's unaudited earnings report, Apollo Go provided over 1.4 million rides in the first quarter, an increase of 75% compared with the same quarter the prev...

Automotive lighting supplier Koito Manufacturing reported a 4% year-over-year decline in net sales to ¥916.7 billion (about $6.1 billion) for the financial year ended March 31, 2025, the company said in a press release on May 12. The lower sales impacted the company’s operating profit, which fell by 20% year over year to ¥44.8 billion. Despite this, Koito recorded a 13% year-over-year increase in net profit to ¥46.2 billion. Net sales declined...

Tachi-S reported a 2.6% year-over-year decline in net sales to ¥285.4 billion (about $2 billion) in the financial year ended March 31, 2025, the Japan-based seating system supplier said in a press release on May 14. Despite the drop in net sales, the company recorded a 33.6% year-over-year growth in operating income to ¥9.6 billion, while net income more than doubled to ¥11.3 billion. Net sales declined in Japan by 7.7% year over year to ¥115.5 billion and in North America by 19.7% year o...

TS Tech’s revenue increased 4.3% year over year to ¥460.5 billion (about $3.1 billion) in the financial year ended March 31, 2025, the Japanese supplier said in a press release on May 14. Despite higher revenue, the company witnessed a 6.2% year-over-year decline in operating profit to ¥16.4 billion. TS Tech concluded the financial year with a 15.5% year-over-year drop in net income to ¥8.6 billion. In Japan, TS Tech reported a 21.1% year-over-year growth to ¥110.5 billion.&nb...

Volvo Cars announced an expanded partnership with Google to enhance the delivery of Android Automotive OS innovations in its vehicles featuring Google built-in. This collaboration includes the integration of Google Gemini, demonstrated in a Volvo EX90 at Google I/O 2025, and establishes Volvo as one of Google's reference hardware platforms for future Android development in cars. Patrick Brady, vice president of Android for Cars at Google, expressed enthusiasm for the partnership's potential to i...

Bridgestone has reported a 12.6% year-over-year drop in net profit to ¥75.7 billion (about $505.2 million) in the first quarter ended March 31, 2025, as revenue slipped 0.6% year over year to ¥1.06 trillion, the Japanese tiremaker said in a press release on May 15. Lower revenue also impacted Bridgestone’s operating profit, which fell 24.6% year over year to ¥88.8 billion. The company recorded adjusted operating profit of ¥111.4 billion, down 7.3% from ¥120.1 billion recorded in the first...

Yokohama Rubber announced its financial performance for the first quarter of the fiscal year 2025, which ended March 31, 2025, and recorded a 9% year-over-year increase in sales revenue to ¥275.1 billion (about $1.8 billion). Despite increased sales, profits were lower compared to the same period last year. Business profit, which is calculated as sales revenue minus the combined cost of sales and selling, general and administrative expenses, experienced a...

Indian tiremaker Apollo Tyres reported a 2.9% year-over-year increase in revenue to 261.2 billion rupees (about $3 billion) in the financial year ended March 31, 2025, the company said in a regulatory filing on May 14. Despite moderate growth in revenue, Apollo Tyres recorded a 39.1% year-over-year decline in profit before tax to 15.5 billion rupees. The company concluded the financial year with net profit of 11.2 billion rupees, down 34.9% year over year from 17.2 billion rupees realized i...

Toyoda Gosei’s net profit declined 29.4% year over year to ¥36.3 billion (about $242.4 million) in the financial year ended March 31, 2025. The Japanese supplier reported a sharp decline in net profit as revenue fell marginally, by 1.1% year over year, to ¥1 trillion. Lower revenue also resulted in an 11.6% year-over-year decline in operating profit to ¥59.8 billion and a 17.6% year-over-year drop in profit before tax to ¥59.2 billion. “Unfortunately, the financial results w...

Hanon Systems, a subsidiary of Hankook & Company Group, has reported an 8.9% year-over-year increase in net sales to 2.6 trillion Korean won ($1.8 billion) in the first quarter ended March 31, 2025. The South Korean company, a specialist in automotive thermal systems, attributed higher sales to favorable foreign exchange rates and increased production volumes. Despite the increase in revenue, Hanon reported an operating profit of 20.9 billion won, representing a 68.5% ...

AGC Inc., formerly Asahi Glass Co., has announced its financial results for the three months ended March 31, 2025. Net sales amounted to ¥499.6 billion ($3.4 billion), up ¥0.8 billion, or a 0.2% increase year over year. Operating profit increased by ¥1.7 billion, or 7.0%, to ¥25.8 billion owing to the effects of measures to improve profitability, despite cost deterioration factors such as higher raw materials and fuel prices. Profit before tax for the period increased ¥23.3 billion to ¥17....

According to a press release on May 8, Diodes reported Q1 2025 revenues at $332.1 million, compared to $302.0 million in the first quarter of 2024, increasing 10% year over year (YOY) and $339.3 million in the prior quarter. GAAP net loss was $4.4 million, compared to GAAP net income of $14.0 million in the same quarter a year ago and GAAP net income of $8.2 million last quarter.EBITDA was $26.2 million. Commenting on the results, Gary Yu, President of ...

The Bosch Group reported a 1.4% year-over-year decline in revenue to €90.3 billion in the financial year ended Dec. 31, 2024, the company said in its annual press conference held in Stuttgart and Renningen, Germany, on May 8, 2025. Revenue fell by 0.5% after adjusting for exchange rate effects. Lower revenue impacted Bosch’s earnings, as reflected in a 31.8% year-over-year decline in earnings before interest and tax, to €3.1 billion, resulting in an EBIT margin of 3.5%. “In the 2...

Gestamp presented its financial results for the first quarter ended March 31, 2025, reporting a 2.2% year-over-year decline in revenue to nearly €3 billion. The company’s EBITDA decreased by €11 million to €307 million and was equivalent to 10% of sales during the quarter. Excluding the Phoenix Plan impact, Gestamp’s restructuring program in North America, the company reported EBITDA of €307 million and an EBITDA margin of 10.3%. Gestamp concluded the first quarter with a net income ...

Goodyear Tire & Rubber has reported a 6.2% year-over-year decline in net sales to $4.2 billion in the first quarter ended March 31, 2025. Despite lower sales, the US-based tiremaker reported income before income taxes of $131 million against a loss before income taxes of $52 million in the first quarter of 2024. Goodyear also recorded net income of $115 million, against a net loss of $57 million during the same period a year earlier. Net sales declined in the Americas by 3.3% year over ye...

LG Energy Solution (LGES) announced its financial results for the first quarter of 2025, reporting consolidated revenue of 6.3 trillion won (approximately $4.2 billion) and an operating profit of 375 billion won. The company attributed its return to profitability to rigorous cost-cutting measures, despite facing a 2.9% quarter-over-quarter revenue decrease. Operating profit benefited from an Inflation Reduction Act (IRA) tax credit amounting to 458 billion won, contributing to an EBITDA margi...

Adient’s net sales declined 3.7% year over year to $3.6 billion in the second quarter ended March 31, 2025, the company said in a press release. The company recorded an earnings before interest and tax loss of $265 million against an EBIT income of $8 million in the second quarter of the previous financial year, as restructuring and impairment costs more than doubled to $375 million from $125 million. Adient concluded the second quarter with a higher net l...

Solid Power, headquartered in Colorado, US, announced its operational and financial results for the first quarter of 2025, highlighting progress in its solid-state battery technology development. Financially, Solid Power recorded $6.0 million in revenue in the first quarter of 2025, predominantly from agreements with SK On Co. Ltd. This is slightly up from $5.9 million reported in the first quarter of 2024. The company reported a reduction in operating expenses to $30.0 million, a decrea...

Lear has reported a 7.2% year-over-year decline in sales to $5.5 billion in the first quarter ended March 31, 2025. Excluding the impact of commodities, foreign exchange, acquisitions and divestitures, sales were down 5%. The US-based supplier attributed the decline in first-quarter sales to lower production on its key platforms, partially offset by the addition of new business in both of its business segments. Lear reported core operating inc...

Continental has reported a 0.8% year-over-year decline in consolidated sales to €9.7 billion in the first quarter ended March 31, 2025. Lower sales reflect a challenging automotive business environment in Europe and North America, the two key markets of the Germany-based supplier, where light vehicle production dropped 7% and 5%, respectively. The company recorded adjusted earnings before interest and taxes of €639 million and an adjusted EBIT margin of 6.6%....

In a press release on May 6, Globalfoundries (GF) reported its preliminary financial results for the first quarter ended March 31, 2025. The company recorded a revenue of $1.585 billion, compared to $1.549 billion, increasing 2% year over year. The company reported a net income of $211 million. The company's non-International Financial Reporting Standards (non-IFRS) adjusted EBITDA was reported at $558 million. “In the first quarter, the GF team delivered strong financial results at th...

Forvia reported a 2.6% year-over-year increase in consolidated revenue to €6.7 billion in the first quarter ended March 31, 2025, the French supplier said in a press release. On constant exchange rates, revenue increased 2.1% during the period when the global light vehicle production increased by 1.3% to 21.4 million. The company recorded strong growth in revenue in Europe, the Middle East and Africa, and Asia, which was partially offset by lower revenue in the Americas. In EMEA, Forvia rec...

Magna has reported an 8.2% year-over-year decline in sales to $10.1 billion in the first quarter that ended March 31, 2025, the Canada-based automotive supplier said in a press release on March 2. This decline in sales coincided with a 3% decrease in global light vehicle production, including decreases of 8% in Europe and 5% in North America. In addition, sales were negatively impacted by lower complete vehicle assembly volume, including because of the end of the production of the Jaguar E-Pace ...

As reported in a press release on May 1, Aptiv reported a generally accepted accounting principles revenue of $4.8 billion, marking a 2% decrease from $4.9 billion in the previous year, for the three months ended March 31, 2025. In the first quarter of 2025, the company reported a GAAP net loss of $11 million, compared to a net income of $218 million in the same period last year. The company also reported a GAAP operating income of $448 million in the first quarter of 2025...

Antolin has reported a 6% like-for-like drop in sales to €4.19 billion in the financial year that ended Dec. 31, 2024. The company attributed part of this decline in sales to the divestments carried out as part of its comprehensive restructuring plan, called the Transformation Plan. EBITDA fell by 4.1% year over year to €315 million. However, the EBITDA margin improved by 40 basis points to 7.5%. Antolin concluded the financial year with a higher net loss of €...

Automotive lighting supplier Stanley Electric reported a 7.9% year-over-year increase in net sales to ¥509.6 billion (about $3.4 billion) in the financial year ended March 31, 2025. Higher sales helped the Japan-based company record a 36.7% year-over-year growth in operating income to ¥49 billion. Stanley Electric concluded the financial year with net income of ¥32 billion, up 21% year over year from ¥26.5 billion reported in the previous financial year. Stanley Electric attributed growth...

Gentex has halted production of interior and exterior mirrors destined for shipments to customers in mainland China, citing a recent increase in tariffs, the US-based automotive mirror supplier disclosed during a call to discuss its financial results for the first quarter of 2025. “As a result of the current and expected tariff escalation in the China market, the company has proactively halted production of interior and exterior mirrors destined for customers in the China mar...

DENSO has reported a slight improvement in revenue to ¥7.2 trillion (about $47.9 billion) in the financial year ended March 2025, the leading Japanese automotive supplier said in a press release on April 25. Despite marginal growth in revenue, the company recorded a 36.4% year-over-year increase in operating profit to ¥519 billion, while consolidated net profit jumped 34% year over year to ¥419.1 billion. “Despite lower vehicle production volumes in Asia and suspensions of oper...

MAHLE reported an 8.9% year-over-year drop in sales to €11.7 billion in the financial year ended Dec. 31, 2024, the company said during its annual press conference on April 15. Sales declined 5.6% year over year after adjusting for exchange rate effects. MAHLE attributed lower sales to weak markets in Europe and North America, and tepid demand for electric vehicles outside China. Despite the drop in sales, the Germany-based company recorded a 39.1% year-over-year growth in earning...