Aptiv posts second-quarter net loss of US$369m | Automotive Industry News

Aptiv has documented a 2nd-quarter net decline of US$369m.

Earnings fell forty six{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to US$2bn, which includes volume declines of forty two{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} primarily ensuing from the impacts of the COVID-19 pandemic.

“I am incredibly proud of how our organisation arrived with each other and operated as A single Aptiv for the duration of the 2nd quarter, retaining our workforce safe and sound although offering for our shoppers in the wake of the pandemic,” stated Kevin Clark, Aptiv president and CEO, Kevin Clark.

“Our teams worked tirelessly to be certain Aptiv’s services were being all set to safely resume operations although also executing launches flawlessly with our shoppers. As a consequence, our 2nd-quarter efficiency displays the gains of our strategically positioned product portfolio and our additional sustainable small business design.

“As we shift ahead, we are prepared for the probability of continued variability in customer and market place demand, leveraging our flexible expense construction, strong harmony sheet and vital advancement initiatives to continue being resilient in the confront of these worries although continuing to generate extensive-expression benefit for all of our stakeholders.”

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