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    From ‘eyes-off’ hype to ‘hands-free’ reality: Premium OEMs bet big on L2+
    While automakers from China to North America have publicly confirmed their intentions to pursue Level 3, others most notably the early adopter German premiums are subtly easing off their Level 3 ambitions as their latest Level 2+ systems come to market. BMW, Mercedes‑Benz and Stellantis all went to market with highly publicized Level 3 plans, and both German automakers have Level 3 systems in market today in very limited availability. But each has discovered that the combination of high cos...
    Insights
    BEV-native leadership and established OEM transition in SDV readiness
    The recent adoption by many original equipment manufacturers (OEMs) of an electrical/electronic (E/E) architecture based on zone controllers supporting a software-defined vehicle (SDV) is slowly replacing distributed electronic control architectures that rely on small pieces of control code housed and distributed widely inside isolated electronic control units (ECUs). This new approach centralizes the hardware processing and memory in fewer, more powerful control units that will house functional...
    Insights
    Joyson Electronics FY 2025 net profit rises 40% year over year to $200 million
    Ningbo Joyson Electronic Corp., a mainland China-based supplier of cockpit electronics and intelligent driving solutions, reported a nearly 40% year-over-year increase in net profit of 1.5 billion yuan (nearly $200 million) in the financial year ended Dec. 31, 2025. The company recorded total revenue of 61.2 billion yuan. Joyson Electronics attributed cost-efficiency initiatives to improved profitability.  Joyson reported new orders of 97 billion yuan, driven by a breakthrough in autonom...
    News
    Blink Charging's revenue grows 16.5% YOY to $103.5 million in 2025
    Blink Charging Co., a global provider of electric vehicle charging equipment and services, has reported its financial results for the fourth-quarter and full year ended Dec. 31, 2025. The company saw total revenue of $27 million for the fourth quarter, which is a growth of 3.5% year over year, and $103.5 million for the full year, which is a growth of 16.5% year over year. The company reported significant growth in service revenue, which increased by 45% year over year for the full year to reach...
    News
    Forvia Hella reports 6.3% year-over-year growth in FY 2025 operating income to €474 million despite marginal decline in sales
    Forvia Hella released its comprehensive financial results for the fiscal year ended Dec. 31, 2025. Full-year sales declined 2.1% year over year to €7.9 billion. Adjusted for currency fluctuations, sales remained stable at €8 billion, matching the figure reported in 2024. During this period, global vehicle production increased by 3.9%, largely driven by the Asian market, while production in Europe and the Americas decreased. Operating income increased 6.3% year over yea...
    News
    Grammer reports improved profitability in FY 2025 despite 5.2% year-over-year decline in revenue to €1.8 billion
    The Grammer Group reported its 2025 financial results, which highlighted a challenging market environment marked by geopolitical tensions and weaker demand in certain automotive and commercial vehicle sectors. The company, a major supplier of automotive interior parts and seats for commercial vehicles, generated revenue of €1.8 billion, down 5.2% year over year from the €1.9 billion in 2024. Despite a decline in revenue, Grammer improved its profitability due to the implementation of the ...
    News
    WeRide's 2025 revenue surges by 90% YOY with robo-taxi expansion
    WeRide released its unaudited financial results for the full year of 2025, revealing revenue of approximately $96 million, which marks an 89.6% increase from the previous year. The fourth quarter alone yielded about $43 million in revenue, representing a 123% year-over-year growth. The company achieved a gross margin of 30.2%, with gross profit of approximately $29 million, up 86.8%. Furthermore, WeRide managed to reduce its net losses by 34.2% to approximately $236 million. A significant con...
    News
    Nexteer Automotive reports strong growth in FY 2025 earnings as revenue rises 7.2% year over year to $4.6 billion
    Nexteer Automotive reported strong financial results for the year ending Dec. 31, 2025, with revenue rising 7.2% year over year to $4.6 billion. Adjusted for foreign exchange impacts and commodity recoveries, revenue increased 6.9%, outperforming the growth in vehicle production volume by 320 basis points. Strong performance in Asia-Pacific, which recorded 9.8% year-over-year increase in revenue to $1.5 billion, led the overall top-line growth. The company recorded profit ...
    News
    ZF reports improved organic sales, higher adjusted EBIT in FY 2025
    ZF Group reported a 6% year-over-year decline in sales to €38.8 billion in the fiscal year ended Dec. 31, 2025. Excluding M&A and currency effects, sales improved 0.6% organically. The company reported an earnings before interest and taxes loss of €1.1 billion compared to an EBIT gain of €170 million in 2024. The company concluded the fiscal year with a net loss of €1.8 billion, which nearly tripled compared to the net loss of €639 million in...
    Briefing
    Brembo’s FY 2025 sales declines 3.6% year over year to €3.7 billion
    Brembo reported a 3.6% year-over-year decline in sales to €3.7 billion in the financial year ended Dec. 31, 2025. On a like-for-like exchange rate basis, sales declined 1.6%. Lower sales impacted the company’s earnings, leading to a 7.4% year-over-year drop in earnings before interest, taxes, depreciation and amortization (EBITDA) to €612.1 million, resulting in an EBITDA margin of 16.5% compared to 17.2% in 2024. Brembo also recorded a 14.5% year-over-year decline in EBIT t...
    News
    Aumovio FY 2025 earnings come under pressure amid 5.6% year-over-year decline in sales to €18.5 billion
    Aumovio, which started operations as a public, independent company after its spinoff from Continental in 2025, has released its results for the financial year ended Dec. 31, 2025. Full-year sales declined 5.6% year over year to €18.5 billion amid challenging business environments in key markets, including Europe and China. Adjusted for changes in the scope of consolidation and foreign exchange effects, the company's organic sales declined by 2.5% compared to 2024. L...
    Briefing
    Honda scraps development of three EV models slated for production in North America
    Honda Motor Co. Ltd. has scrapped three planned electric vehicle models in North America as part of a reassessment of its electrification strategy due to the recent changes brought by the evolving policy landscape in the US.  This decision will lead to expected losses in the company's consolidated financial results for the fiscal year ending March 2026. The cancellation follows a strategic shift toward EVs, initially driven by a commitment to achieve carbon neutrality by 2050 and aligned...
    News
    NHK Springs reports decline in nine-month FY 2025/26 sales, earnings
    NHK Spring reported a 0.6% year-over-year decline in net sales to ¥596.4 billion for the nine-month period ended Dec. 31, 2025. The Japanese supplier also recorded a 10.9% year-over-year drop in operating profit to ¥31.4 billion, while net profit fell 15.7% year over year to ¥25.2 billion. In the Automotive Seating business, net sales decreased by 5.8% year over year to ¥213.5 billion, which also led to a 45.1% year-over-year dec...
    News
    CATL's revenue grows 17% YOY to 423.7 billion yuan in 2025
    CATL released its 2025 Annual Report on March 10, 2026, highlighting strong financial performance and strategic growth. The company reported revenue of 423.7 billion yuan (approximately $60.5 billion), an increase of 17% from the previous year, with a net profit of 72.2 billion yuan, up 42%. CATL's lithium-ion battery sales rose to 661 gigawatt-hours in 2025. The company's research and development investment in 2025 totaled 22.1 billion yuan, contributing to a decade-long cumulative R&am...
    News
    Bekaert FY 2025 sales declines 6.4% year over year to €3.7 billion
    Bekaert reported a 6.4% decline in sales to €3.7 billion in the financial year ended Dec. 31, 2025. Sales decreased 2% on a like-for-like basis. Lower sales impacted Bekaert’s earnings; operating income declined 54.4% to €134.8 million, and net income witnessed an even sharper fall of 73.7% to €64.7 million. The company generated cash from operating activities of €450 million, up 20%, while free cash flow increased 63% to €314 million, driven by lower wo...
    News
    Linamar reports strong growth in FY 2025 earnings despite 3.3% year-over-year drop in sales to $10.2 billion
    Linamar reported a 3.3% year-over-year decline in sales to $10.2 billion in the financial year ended Dec. 31, 2025. Despite lower sales, the Canada-based supplier recorded a 45.9% year-over-year increase in operating earnings to $892.1 million. Linamar concluded the financial year with net earnings of $584.5 million, more than double the $258.3 million reported in 2024. The company reported operating cash flow of $1.33 billion, compared to $1.25 billion in the previous financial year. The Can...
    News
    Nexen Tire achieves record revenue in FY 2025 amid expansion and strategic advancements
    Nexen Tire reported its preliminary financial results for 2025, achieving 3.19 trillion won (nearly $2.2 billion) in revenue and 170.3 billion won in operating profit. This marks the first time the company has surpassed 3 trillion won in annual sales, illustrating robust top-line growth amid a challenging market environment. The South Korean tiremaker attributed strong top-line growth to the expansion of its European plant, which has boosted sales despite uncertainties such as US tariffs. “...
    News
    Schaeffler Group’s FY 2025 revenue declines 3.4% year over year to €23.5 billion
    The Schaeffler Group reported a 3.4% year-over-year decline in revenue to €23.5 billion in the financial year ended Dec. 31, 2025. Compared on a pro-forma basis and at constant exchange rates, revenue declined 0.6% year over year. Despite lower revenue, the Germany-based supplier recorded earnings before financial result, income taxes (EBIT) and special items of €936 million, up 11.2% year over year. This resulted in an EBIT margin of 4%, compared to 3.5% i...
    Briefing
    Wallbox's net revenue fell 11.4% year over year to €145.1 million in 2025
    Wallbox NV, a provider of electric vehicle charging and energy management solutions, reported its financial results for the fourth quarter and full year of 2025. The company, based in Barcelona, Spain, generated €145.1 million in revenue for the year, delivering 144,000 charging units, including 536 DC fast chargers. Wallbox's net loss for the full year narrowed to €103 million, compared with €151 million in 2024. During 2025, the company delivered 144,000 charging units, including 536 DC ...
    News
    Yokohama Rubber reports strong growth in sales revenue and profit in FY 2025
    Yokohama Rubber reported its financial results for the fiscal year ended Dec. 31, 2025, recording strong growth in sales revenue and profit. Sales revenue increased 12.8% year over year to ¥1.2 trillion (nearly $7.9 billion), leading to a 28.3% year-over-year increase in business profit to ¥166.6 billion. Operating profit increased 28.3% year over year to ¥152.9 billion, while profit attributable to owners of the parent surged by 40.7% year over year to ¥105.4 billion. ...
    News
    ChargePoint annual revenue falls 1% YOY to $417 million in FY 2026
    ChargePoint Holdings Inc. reported its financial results for the fourth quarter and full fiscal year 2026, concluding on Jan. 31, 2026. Full fiscal year revenue was reported at $411 million, a decline of 1% from $417.1 million the previous year. The full fiscal year generally accepted accounting principles net loss reduced to $220.2 million from $277.1 million. The networked charging systems revenue fell by 8% to $216.5 million, while subscription revenue rose by 13% to $162.4 ...
    News
    Nidec grapples with accounting scandal, facing $1.6 billion impairment charges
    Japanese manufacturer of precision motors Nidec is facing potential impairment charges amounting to ¥250 billion ($1.6 billion) as it deals with the aftermath of an accounting scandal. This scandal has prompted a leadership exodus and reportedly triggered an investigation by Japan's Securities and Exchange Surveillance Commission. The company has indicated that additional charges could affect its historical financial results, as third-party investigators have identified at least 1,000 instances...
    News
    Continental’s FY 2025 sales decline 2% year over year to €19.7 billion
    Continental’s sales declined 2% year over year to €19.7 billion in the financial year ended Dec. 31, 2025. Full-year sales, excluding exchange-rate effects and changes in the scope of consolidation, increased 0.8% year over year. Lower sales impacted the Germany-based company’s earnings, with EBITDA falling 41.1% year over year to €1.9 billion, while earnings before interest and taxes witnessed an even sharper decline of 86.7% year over year to €272 m...
    Briefing
    EVgo's revenue increases 50% YOY to $384 million in 2025
    EVgo Inc. reported its fourth-quarter and full-year 2025 financial results, showing substantial growth in revenue and its charging network. For the fourth quarter, total revenue increased by 75% year over year to $118 million, with charging network revenue reaching a record $64 million, marking the 16th consecutive quarter of double-digit growth. The company's full-year 2025 revenue was $384 million, a 50% increase from 2024, while charging network revenue rose 40% to $218 million. Net loss f...
    News
    Valeo delivers strong earnings performance in FY 2025 despite 2.7% year-over-year decline in sales to €20.9 billion
    Valeo reported better-than-expected financial results in the financial year ended Dec. 31, 2025. Sales declined 2.7% year over year to €20.9 billion. However, on a like-for-like basis, sales improved 0.5%. Despite lower sales, operating income increased 6% year over year to €977 million, resulting in an improved operating margin of 4.7% compared to 4.3% in 2024. Net income increased 23% year over year to €200 million. Valeo reported 8% year-over-year growth in adjusted EBITDA to €3 bi...
    Briefing
    Underpinned by solid demand for cockpit products, Visteon reports record gross margin in 2025
    Visteon Corp. has reported 2025 fourth-quarter net sales of $948 million, driven by strong demand for its cockpit electronics portfolio. Growth in displays and instrument clusters — particularly in Europe — supported performance, partially offset by lower battery management system (BMS) volumes and previously disclosed customer production disruptions, including a temporary shutdown at Jaguar Land Rover and the impact of the Novelis fire affecting Ford Motor Co. During the quarter, Visteon ac...
    Briefing
    Aptiv reports FY 2025 revenue at $20 billion, rises 3% YOY
    Aptiv has reported its 2025 financial performance, highlighting a 3% increase in full-year revenue to $20.4 billion. The company reported full-year 2025 net income under generally accepted accounting principles of $165 million. GAAP operating income was $1,184 million, compared to $1,842 million in the prior year. For the full year of 2025, Aptiv recorded a net income of $165 million, including a $648 million noncash goodwill impairment charge. This resulted in diluted earnings per share of $...
    Briefing
    Gestamp reports 5.4% year-over-year revenue decline in FY 2025 to €11.3 billion amid industry volatility
    Gestamp reported a 5.4% year-over-year decline in revenue to €11.3 billion in the financial year ended Dec. 31, 2025. This decline was attributed to a volatile industry environment with reduced light vehicle production in Western Europe and North America Free Trade Agreement (NAFTA) regions, along with adverse foreign exchange rates. Despite lower revenue, the Spain-based supplier reported marginal growth in EBITDA to €1.3 billion, leading to an EBITDA margin of 11.5% compared to 10.8% ...
    News
    OPmobility reports higher earnings in FY 2025 despite marginal decline in economic revenue to €11.5 billion
    OPmobility reported an 8.9% year-over-year increase in net profit to €185 million in the financial year ended Dec. 31, 2025, despite a 0.9% year-over-year decline in economic revenue to €11.5 billion. The company’s consolidated revenue, which excludes revenue from joint ventures, fell 2.6% year over year to €10.2 billion. Revenue from JVs, which mainly includes Yanfeng Plastic Omnium (YFPO) in mainland China and SHB Automotive Modules in South Korea, increased 13.6% year over year to...
    Briefing
    Synopsys reports Q1 2026 revenue at $2.41 billion, up 66% YOY
    Synopsys has reported its financial results for the first quarter of fiscal year 2026, announcing a quarterly revenue of $2.41 billion, an increase of 88% year over year, compared to $1.455 billion for the first quarter of fiscal year 2025. Synopsys reiterated its expectations for full-year total revenue to be $9.61 billion at the midpoint, including an expected $2.9 billion from Ansys revenue. Additionally, the company's board of directors approved replenishing the existing stock repurchase pro...
    Briefing
    Forvia reports higher operating income, strong cash flow despite 3% year-over-year drop in sales to €26.9 billion
    Forvia Group delivered strong financial performance in the fiscal year ended Dec. 31, 2025. The France-based company reported sales of €26.2 billion, down 3% year over year from €26.9 billion in 2024. However, at constant currency, sales remained unchanged at the 2024 level. Despite lower sales, operating income increased 4% year over year to €1.4 billion, which led to a 40-basis-point increase in operating margin to 5.6%. The company reported a 47% year-over-year growt...
    Briefing
    Solid Power's net loss narrows 2.9% YOY to $93.4 million in 2025
    Solid Power reported revenue of $21.7 million for 2025, an increase of $1.6 million from 2024, mainly due to work under its line installation agreement with SK On. The revenue also includes a grant income of $3.8 million. Its operating expenses in 2025 were $122.6 million, slightly down from $125.5 million in 2024, largely because of costs related to research and development, equipment purchases, and services for the SK On agreements. The company recorded an operating loss of $100.8 million a...
    News
    Nokian Tyres reports increased net sales and profits in FY 2025
    Nokian Tyres released financial results for the fourth quarter and the full financial year ended Dec. 31, 2025. In the fourth quarter, the Finland-based tiremaker reported net sales of €416.4 million compared to €415 million during the same period in 2024. Adjusted for currency fluctuations, net sales were up 0.8% year over year, fueled by demand in North America and the Nordic region.  Despite sluggish topline performance, the company's segment operating profit increased 42.3% year ...
    News
    Dana delivers strong performance in Q4 FY’2025 with 5.2% YOY growth in sales and 147% rise in adjusted EBITDA
    Dana Inc. released financial results for the fourth quarter and the full year ended Dec. 31, 2025. In the fourth quarter, the US-based supplier reported sales of $1.9 billion, up 5.2% year over year. Higher sales helped the company record adjusted EBITDA of $208 million, up 147% year over year, representing an adjusted EBITDA margin of 11.1%. The company's operating cash flow was $406 million, up 34.4% year over year, and adjusted free cash flow was $324 million, more than double the $153 m...
    News
    LG Electronics to showcase automotive B2B products at MWC 2026
    LG Electronics is set to participate in the Mobile World Congress (MWC) 2026 in Barcelona, Spain, as part of its strategy to expand its automotive electronics business amid challenges in its home appliances sector. The company's shift toward a business-to-business model focused on vehicle components is marked by its first-time presence at this event, where it plans to engage with global automakers and telecom companies through a private booth. Currently, LG Electronics collaborates with eight of...
    News
    Stanley Electric's nine-month FY’2025/26 net sales up 1.2% YOY to $2.4 billion
    Stanley Electric reported a 1.2% year-over-year increase in net sales to ¥380.3 billion (nearly $2.4 billion) in the first nine months of the fiscal year 2025/26, which ended Dec. 31, 2025. Despite marginal growth in sales, the Japan-based lighting supplier recorded a 13.2% year-over-year decline in operating profit to ¥28.6 billion, due to the unfavorable impact of US tariffs, semiconductor shortages and other factors. The company concluded the nine-month period with a net profit of ¥21.4 bi...
    News
    Thyssenkrupp’s Q1 FY’2025/26 sales declines 7.7% YOY, adjusted EBIT up 10%
    Thyssenkrupp has reported a 7.7% year-over-year decline in sales to €7.2 billion in the first quarter of the current fiscal year 2025/26, which ended Dec. 31, 2025, reflecting the continuing weak global market environment. However, the German supplier reported a 10% year-over-year growth in adjusted earnings before interest and taxes to €211 million, buoyed by contributions from the APEX performance program. The company concluded the first quarter with a higher net loss of €334 million ...
    News
    BorgWarner reports 1.6% YOY growth in net sales to $14.3 billion in 2025
    BorgWarner reported its 2025 financial outcomes, showing a 1.6% increase in sales totaling $14.3 billion compared to 2024. When excluding foreign currency impacts, organic sales rose by 0.5%. The company reported net earnings of $1.28 per diluted share; however, adjusted net earnings, which exclude $3.63 of net losses from non-comparable items, were $4.91 per diluted share, experiencing a 14% boost from 2024. Operating income settled at $536 million, or 3.7% of net sales, but after excluding ...
    News
    Dauch reports net loss of $19.7 million in FY'2025 amid 4.7% year-over-year drop in sales
    Dauch Corp., previously known as American Axle & Manufacturing, released its financial results for the fourth quarter and full year ended Dec. 31, 2025. In the fourth quarter, the company’s sales remained stable at $1.38 billion, as recorded during the same period a year earlier. Dauch reported an operating loss of $33.8 million against an operating profit of $36.2 million. The company concluded the fourth quarter with a higher net loss of $75.3 mill...
    News
    Bridgestone FY’2025 net profit up 14.8% year over year despite stable revenue
    Bridgestone Corp. reported a 14.8% year-over-year increase in net profit to ¥327.3 billion (nearly $2.1 billion) in the financial year ended Dec. 31, 2025, as revenue remained stable at ¥4.43 trillion, reported in 2024. The Japanese tiremaker also recorded a 2.2% year-over-year growth in operating profit to ¥493.7 billion. The company reported cash flow from operating activities of ¥660.4 billion, compared with ¥548.8 billion in 2024. At the end of the financial year, Bridgestone had cas...
    News
    Magna delivers mixed Q4 FY’2025 results, sales up 2% year over year but operating income down 70% due to noncash impairment charges
    Magna International delivered a mixed financial performance in the fourth quarter and the full year ended Dec. 31, 2025. Sales increased by 2% year over year in the fourth quarter to $10.8 billion, despite a 1% decline in global light vehicle production. The Canadian supplier attributed revenue growth to increased production from ongoing programs and the launch of new ones, as well as net customer recoveries, which largely offset higher tariff costs. The fourth quarter adjusted earnings ...
    Briefing
    Cooper-Standard reports mixed 2025 financial results, full-year sales up 0.4% year over year to $2.74 billion
    Cooper-Standard reported financial results for the fourth quarter and full year ended Dec. 31, 2025. In the fourth quarter, the company’s sales increased 1.8% year over year to $672.4 million, but operating income dropped 98.1% year over year to $0.6 million. Net income also decreased by 91.7% year over year to $3.3 million. Adjusted EBITDA was $34.9 million, or 5.2% of sales, while net cash from operating activities was $56.2 million and free cash flow was $44.6 million. The year-over...
    News
    GlobalFoundries reports FY'2025 revenue at $6.80 billion, up 1% YOY
    GlobalFoundries has reported fiscal year 2025 revenue at $6.80 billion, up 1% year over year, for the fiscal year ended Dec. 31, 2025. The company reported net income of $888 million for the year. The Non-IFRS adjusted EBITDA for the year was $2.36 billion. Net cash provided by operating activities for the year totaled $1.73 billion. In the fourth quarter of 2025, the company reported revenue of $1.83 billion, with a gross margin of 27.8%. GlobalFoundries recorded a net income ...
    News
    Michelin’s FY'2026 sales declines 4.4% year over year to €26 billion
    Michelin’s sales declined by 4.4% year over year to €26 billion in the financial year ended Dec. 31, 2025. At constant exchange rates, sales dropped 1.4%. Lower sales impacted the French tiremaker’s segment operating income, which fell 19.5% year over year to €2.7 billion, resulting in a segment operating margin of 10.5% compared to 12.4% in 2024. The company reported net income of €1.7 billion, down 11.9% year over year. Michelin experienced challenges in sales and segment operatin...
    News
    Panasonic reports 3.5% YOY decline in Energy unit's Q3 profit due to North American market
    Panasonic Holdings reported a 3.5% year-over-year decline in third-quarter operating profit for its Energy unit, which produces batteries for Tesla, primarily due to a weaker performance in the North American market. The company also revised its full-year profit outlook downward and reported a loss for the quarter. The Energy segment achieved a third-quarter operating income of ¥40.5 billion (approximately $259.2 million), influenced by a cooling electric vehicle market in North America, whi...
    News
    Goodyear reports strong Q4 2025 performance despite industry challenges
    Goodyear Tire & Rubber has announced its financial results for the fourth quarter and full year 2025, revealing strong performance in the last quarter despite challenging industry conditions. The company achieved the highest fourth-quarter segment operating income and margin in over seven years, with net sales reaching $4.9 billion and tire unit volumes at 42.3 million. Adjusting for sales impact from divested businesses, organic net sales saw a 4% increase. Net income for the quarter was $1...
    News
    Qualcomm reports Q1 2026 revenue at $12.25 billion, rises 5% YOY
    Qualcomm Inc. reported its first quarter fiscal year 2026 revenue of $12.25 billion, representing a 5% year-over-year increase from $11.67 billion in the first quarter of fiscal year 2025. The company’s QCT Automotive segment delivered record quarterly revenue of $1.1 billion, marking a 15% year-over-year growth. Qualcomm also reported net income of $3 billion for the quarter. The company expects its second-quarter fiscal year 2026 revenue to range from $10.2 billion to $11.0 billion...
    Briefing
    Hankook Tire & Technology’s 2025 sales more than doubles to $14.7 billion after first time consolidation of Hanon Systems
    Hankook Tire & Technology, a company of South Korea-based Hankook & Company Group, reported sales of 21.2 trillion won (nearly $14.7 billion) in the financial year ended Dec. 31, 2025, more than double the 9.4 trillion won realized in 2024. The company recorded higher sales as it consolidated Hanon Systems' financial results from the first quarter of 2025. Hankook acquired the South Korea-based automotive thermal solutions supplier in 2024. Despite robust growth in sales, operating profi...
    News
    Adient reports net loss of $22 million in Q1 FY'2025/26 despite improved sales
    Adient’s net sales increased 4.3% year over year to $3.6 billion in the first quarter of the fiscal year 2025/26, ended Dec. 31, 2025. Despite higher sales, the US-based seating supplier recorded a 12.8% year-over-year decline in income before income taxes to $41 million. The company also reported a net loss of $22 million after hitting break-even in the first quarter of the previous fiscal year 2024/25. Sales improved in all three key markets of the Americas; Europe, the Middle East and Af...
    News
    Lear reports Q4 and full-year 2025 results; issues 2026 outlook
    On Feb. 4, Lear Corp. reported financial results for the fourth quarter and full year ended Dec. 31, 2025. In the fourth quarter, the US-based supplier of seats and electrical systems (E-Systems) recorded a 5% year-over-year increase in net sales to $6 billion. Higher sales were supported by new business across both segments — Seating and E-Systems — and commercial recoveries, but were partly offset by lower production on key platforms. The company recorded core operating earnings of $259 mi...
    Briefing
    Toyota Boshoku’s FY 2025/26 nine-month revenue rises 4.1% year over year to $1.8 billion
    Toyota Boshoku’s revenue increased 4.1% year over year to ¥1.5 trillion (nearly $1.8 billion) in the first nine months of fiscal year 2025/26, ended Dec. 31, 2025. Higher revenue helped the Japan-based automotive supplier of seats, interior parts and exterior systems record 15.8% year-over-year growth in operating income to ¥60.2 billion and 18.4% year-over-year growth in profit before taxes to ¥65.4 billion. Toyota Boshoku concluded the nine-month period with a 1.2% year-over-year increase...
    News
    NXP reports FY 2025 revenue at $12.27 billion, down 3% YOY
    NXP Semiconductors reported its fiscal year 2025 revenue at $12.27 billion, marking a 3% year-over-year decline from $12.67 billion in the previous year. The company posted net income of $3.0 billion for the year. In the fourth quarter, NXP recorded a 7% year-over-year increase in revenue, totaling $3.34 billion.  Automotive remained the core growth pillar, generating $7.1 billion in revenue in 2025, and NXP targets expanding its automotive business to $9.5 billion by 2027, underscoring ...
    Briefing
    DENSO reports 3.9% YOY growth in nine-month FY'25/26 revenue; operating profit down 6.4%
    DENSO has announced financial results for the nine-month period ending Dec. 31, 2025, reporting a 3.9% year-over-year increase in consolidated revenue to ¥5.5 trillion (about $35.2 billion). Despite higher revenue, the Japan-based company recorded a 6.4% year-over-year decline in consolidated operating profit to ¥375.9 billion and a 12.5% year-over-year drop in consolidated profit attributable to owners of the parent company to ¥273.7 billion. In Japan, DENSO’s r...
    News
    Grammer reports improved operating EBIT for 2025, despite 4.2% year-over-year drop in revenue to €1.82 billion
    Grammer has released preliminary figures for its financial performance in 2025, reporting consolidated revenue of €1.82 billion, down 4.2% from €1.9 billion recorded a year earlier. Despite lower revenue, the Germany-based supplier of automotive interiors and seats reported operating earnings before interest and tax of €75.1 million, which represents a significant improvement compared to €41.6 million recorded a year earlier. The results for 2...
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    Samsung SDI revenue drops 20% YOY to 13.27 trillion won in 2025
    Samsung SDI has reported its fourth-quarter and full-year financial results for 2025. In the final quarter of 2025, the company achieved revenue of 3.86 trillion won (approximately $2.6 billion) with an operating loss of 299.2 billion won. This revenue marks a 26.4% increase quarter over quarter and a 2.8% increase year over year. The operating loss was halved from the previous quarter, indicating a gradual improvement in business performance. The annual financial summary for 2025 showed reve...
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    Bosch’s 2025 sales rise marginally to €91 billion; EBIT margin slips to 2%
    In 2025, Bosch’s sales improved marginally to €91 billion in what the company termed “an incredibly challenging financial year.” Adjusted for exchange rates, revenue grew by 4.2%. The company reported earnings before interest and taxes of €1.7 billion, resulting in an EBIT margin of about 2%, down from 3.5% achieved in 2024. Adjusted for exchange rates, the company’s revenue grew by 4.2%. Sales decreased in Europe by 0.6% year over year to €44.2 billion. However, the company rec...
    Briefing
    Autoliv’s FY 2025 net sales up 4.1% year over year to $10.8 billion
    Autoliv’s net sales increased 4.1% year over year to $10.8 billion in the financial year ended Dec. 31, 2025. Higher sales helped the Sweden-based automotive safety systems supplier record an 11% year-over-year growth in operating income to $1.1 billion, while income before income tax increased 13% year over year to $986 million. Autoliv concluded the financial year with net income of $736 million, up by 14% over the $648 million achieved in 2024. The company reported adjusted operating inc...
    Briefing
    Gentex Q4 sales rises 19% year over year to $644.4 million despite global challenges
    Gentex has reported its financial results for the fourth quarter and full year ending Dec. 31, 2025. In the fourth quarter, the US-based company achieved consolidated net sales of $644.4 million, up 19% year over year from $541.6 million during the same period in 2024. Voxx, which Gentex acquired in 2025, contributed $103.4 million to this revenue, with core Gentex revenue flat at $541 million. Despite a 2% year-over-year decline in global light vehicle production in North America, Europe and...
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    Automotive lighting suppliers bracing for another challenging year in 2026
    Automotive lighting suppliers reported moderate growth in lighting system supply in 2025, driven by the recovery in light vehicle production. According to data compiled by S&P Global Mobility’s analysts, the supply of headlights and taillights each improved by 2.5% year over year to 183 million units as global light vehicle production increased 3.1% year over year to 92.2 million vehicles. Moreover, lighting suppliers also recorded 6.2% year-over-year growth in the supply of ambient light ...
    Insights
    Hyundai Mobis reports 6.8% year-over-year increase in 2025 revenue to $42.4 billion
    Hyundai Mobis has reported strong growth in revenue and profit in the financial year ended Dec. 31, 2025. The leading automotive supplier from South Korea recorded a 6.8% year-over-year increase in revenue to 61.1 trillion won (nearly $42.4 billion), driving a 9.2% year-over-year increase in operating profit to 3.3 trillion won. Apart from higher revenue, Hyundai Mobis benefited from companywide cost control, which helped it to offset the impact of US tariffs. However, the company concluded the ...
    Briefing
    LG Energy Solution reports 2025 profit surge amid lower revenue and strategic expansions
    LG Energy Solution reported its 2025 financial results, disclosing 23.7 trillion won (approximately $16.4 billion) in consolidated revenue and 1.3 trillion won in operating profit. This marked a 133.9% increase in operating profit from the previous year despite a 7.6% decline in revenue. The company attributed this increased profitability to an enhanced product mix, improved material cost efficiency and a production incentive supported by stable North American sales performance. LG Energy Sol...
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    Dana releases preliminary results for 2025, financial outlook for 2026
    Dana Inc. announced its preliminary financial results for 2025, reporting sales of approximately $7.5 billion and adjusted EBITDA of about $600 million, equivalent to 8% of sales. The US-based automotive supplier recorded adjusted free cash flow of nearly $315 million. During the financial year, Dana completed the sale of its Off-Highway business for $2.7 billion and achieved cost savings of approximately $250 million. The company returned&nbs...
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    ZF Group releases preliminary financial results for 2025, reports strong growth in adjusted EBIT margin, adjusted free cash flow
    ZF Friedrichshafen has released its preliminary financial results for 2025, showing better-than-expected operating performance and cash flow. The Germany-based automotive supplier expects its adjusted free cash flow to exceed €1 billion and its adjusted earnings before interest and tax margin to exceed 4%. This is higher than ZF’s previous guidance of achieving an EBIT margin between 3% and 4% and adjusted free cash flow above €500 million. The company expects full-year revenue of mor...
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    Automotive suppliers sustain margins amid slower growth in 2025
    Automotive component suppliers demonstrated resilience during the first nine months of 2025 (January–September), navigating a period of moderating top-line growth while effectively enhancing profitability, compared to the strong performance in the corresponding period of 2024. While overall revenue growth decelerated from the double-digit pace observed earlier, the industry managed to expand its collective operating margins, reflecting a strong focus on operational efficiencies and cost manage...
    Insights
    Chargepoint's Q3 revenue increase 6% YOY to $105.7 million
    ChargePoint Holdings Inc., a company specializing in electric vehicle charging solutions, announced its financial results for the third quarter of fiscal year 2026, which ended on Oct. 31, 2025. The company reported a revenue increase of 6% year over year, reaching $105.7 million, surpassing its guidance range. Net loss for the quarter narrowed to $52.5 million in the third quarter of 2025, compared to $77.6 million in the third quarter of 2024, a 32% decrease. Subscription revenue ...
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    ZF Group’s nine-month revenue declines 8.1% year over year to €28.9 billion
    ZF Group’s sales declined 8.1% to €28.9 billion in the first nine months of 2025. About 6% of the sales decline was attributed to M&A effects, notably the closure of the ZF Chassis Modules joint venture with Foxconn in April 2024. After adjusting for currency and M&A effects, organic revenue decreased by 0.6% year over year. Performance was affected by tariffs, geopolitical risks and a decline in volume across several segments.  Sales in Europe improved marginally by 1% year ...
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    Aumovio's nine-month adjusted EBIT more than doubles to €409 million despite drop in sales
    Aumovio reported a positive business performance in the first nine months of the current financial year ended Sept. 30, 2025, marking a solid beginning as an independent company. While sales declined 4.6% year over year to €14 billion, the Germany-based supplier recorded strong growth in adjusted earnings before interest and tax to €409 million, more than double compared to €166 million in the first nine months of 2024. The adjusted EBIT margin increased to 2.9%, driven by a higher gr...
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    Valeo aims to triple revenue from India to €700 million by 2028 under Elevate 2028 strategy
    Valeo has placed a strong focus on India as a central part of its growth strategy, aiming to triple its revenue in the country to approximately €700 million by 2028 under the Elevate 2028 road map. This plan, revealed last week at Valeo's Capital Markets Day in Paris, represents a shift from a technology-centric turnaround to a financially disciplined strategy emphasizing growth. While the global strategy aims to improve margins, cash flow and sales growth starting from 202...
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    Capital Markets Day 2025: Valeo outlines strategic plan, Elevate 2028; targets higher sales, profits and free cash flow
    On Nov. 20, Valeo presented its new strategic plan, Elevate 2028, at its Capital Market Day event in Paris. The plan builds on the success of the French supplier’s previous strategic plan, “Move Up,” and outlines its financial growth trajectory for the next three years. Under the new strategic plan, Valeo aims to steadily improve profits, generate higher cash and return to sales growth, leveraging its established technology leadership in the automotive sector. “Since 2022, our Move Up...
    Briefing
    Cerence reports strong fiscal year 2025 results, exceeding revenue guidance expectations
    Cerence AI has reported strong results for the fourth quarter of 2025 and the fiscal year 2025, with revenue reaching $60.6 million and $251.8 million, respectively. These results surpassed its guidance expectations and exceeded the high end of the projected range. The net cash from operating activities for the fourth quarter was $12.8 million, with a free cash flow of $9.7 million. For fiscal year 2025, the net cash provided was $61.2 million, with a free cash flow of $46.8 million, marking nea...
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    Toyoda Gosei's first half revenue up 3.8% year over year to $3.6 billion
    Toyoda Gosei reported a 3.8% year-over-year increase in revenue to ¥535.6 billion (about $3.6 billion) in the first half of the financial year 2025/26, which ended on Sept. 30, 2025. Excluding the impact of foreign exchange, revenue increased 6% year over year. Higher revenue enabled the Japan-based company to record an operating profit of ¥32.9 billion, up 14% year over year, while net profit increased 52.3% to ¥27.7 billion. Revenue in Japan increased 6.4% year over year to ¥222.4 ...
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    Goodyear's Q3 2025 net loss widens to $2.2 billion on deferred tax asset valuation allowance and higher goodwill impairment charges
    Goodyear Tire & Rubber’s net loss increased sharply to $2.2 billion in the third quarter ended Sept. 30, 2025, compared to $37 million a year earlier. The higher net loss includes a $1.4 billion noncash deferred tax asset valuation allowance and a $674 million noncash goodwill impairment charge. Adjusted net income for the quarter stood at $82 million, down from $102 million in the previous year. The US-based tiremaker reported a 3.7% year-over-year decline in net sa...
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    Yokohama Rubber’s nine-month 2025 sales revenue up 12% year over year to $5.9 billion
    Yokohama Rubber reported a 12% year-over-year increase in sales revenue to ¥877.2 billion (nearly $5.9 billion) in the first nine months of the current financial year ended Sept. 30, 2025. Higher sales revenue helped the Japan-based tiremaker record a 20.8% year-over-year increase in business profit to ¥100.7 billion and a 6.9% year-over-year growth in operating profit to ¥91.7 billion. The increase in consolidated business profit is largely due to robust performance in existing businesses...
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    Bridgestone’s nine-month 2025 net profit declines 19.5% year over year to $1.4 billion
    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 ...
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    OPmobility’s Q3 FY 2025 economic revenue slips 1% YOY to €2.7 billion
    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...
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    EVgo reports a 37% YOY increase in revenue to $92.3 million in Q3
    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...
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    Lumax Industries to invest $15.8 million in new manufacturing plant in Bengaluru, India
    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...
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    Wallbox's Q3 revenue increases 2.3% YOY to €35.5 million
    Wallbox NV, a global provider of electric vehicle charging and energy management solutions, announced its financial results for the third quarter ended Sept. 30, 2025. The company reported revenue of €35.5 million, compared to €34.6 million in the third quarter of 2024, marking a 2.3% year-over-year increase. The net loss for the quarter stood at €20.8 million, as against €42.6 million in the third quarter of 2024. While Wallbox's adjusted EBITDA showed an improvement o...
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    Continental's Q3 2025 EBIT down 15% y/y on Aumovio spin-off and planned OESL sale
    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...
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    Valeo Q3 sales remains stable at €5 billion, confirms annual financial targets
    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...
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    SES AI's Q3 revenue jumps 102% QOQ to $7.1 million
    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 ...
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    Adient’s Q4 FY 2024/25 net sales up 3.5% year over year to $3.7 billion
    Adient reported a 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 earnings before interest and tax 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 op...
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    Aisin's H1 FY 2025/26 revenue up 3% year over year to $16.6 billion
    Aisin reported a 5.1% year-over-year increase in revenue to ¥2.5 trillion (about $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 ...
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    Solid Power's Q3 revenue falls 1.9% YOY to $4.6 million
    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 $...
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    Gestamp reports improved profitability in first nine months of 2025 despite automotive sector challenges
    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...
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    Novelis anticipates full reopening of fire-damaged New York aluminum plant by December
    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...
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    Magna reports net sales at $10.5B in Q3, up 2% YoY
    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...
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    Toyota Boshoku's H1 FY 2025/26 revenue up 2.5% year over year to $6.5 billion
    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...
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    DENSO’s H1 FY 2025/26 revenue up 3.3% year over year to $24.1 billion
    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...
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    Lear's Q3 2025 net sales up 1.7% year over year to $5.7 billion
    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...
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    Forvia Hella’s nine-month sales remain stable amid challenging business environment
    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. ...
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    Forvia's Q3 2025 sales decline 3.7% year over year to €6.1 billion
    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...
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    Autoliv’s Q3 2025 sales up 5.9% year over year to $2.7 billion
    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...
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    US aftermarket player First Brands files for Chapter 11 bankruptcy
    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...
    Briefing
    Antolin reports improved profitability amid challenges, expands in Southeast Asia
    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...
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    Swvl surpasses previous peak revenue levels in Egypt by August 2025
    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...
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    ChargePoint's Q2 revenue falls 9% YOY to $99 million
    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...
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    Hankook Tire’s sales more than double to $3.9B after consolidation of Hannon Systems business
    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 ...
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    Kongsberg Automotive Q2 revenue declines 8.1% year over year to €192.4 million
    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...
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    Alibaba-backed Banma Network Technology plans Hong Kong IPO with Deutsche Bank and CICC
    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...
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    Schaeffler H1 2025 revenue declines 4.6% year over year to €11.8 billion
    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...
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    Xpeng secures $1.4 billion credit line from China CITIC Bank
    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 ...
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