24/11/2020

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

Aptiv has claimed a 2nd-quarter web decline of US$369m. Income fell forty six% to US$2bn,...

Aptiv has claimed a 2nd-quarter web decline of US$369m.

Income fell forty six% to US$2bn, which incorporates volume declines of 42% mostly resulting from the impacts of the COVID-19 pandemic.

“I am incredibly happy of how our organisation came collectively and operated as Just one Aptiv all through the 2nd quarter, maintaining our workforce safe and sound although delivering for our buyers in the wake of the pandemic,” explained Kevin Clark, Aptiv president and CEO, Kevin Clark.

“Our teams worked tirelessly to guarantee Aptiv’s amenities ended up completely ready to safely resume operations although also executing launches flawlessly with our buyers. As a end result, our 2nd-quarter functionality reflects the advantages of our strategically positioned products portfolio and our more sustainable company model.

“As we go forward, we are prepared for the chance of ongoing variability in consumer and current market demand, leveraging our adaptable expense structure, strong stability sheet and vital growth initiatives to keep on being resilient in the confront of these challenges although continuing to create very long-time period value for all of our stakeholders.”

Exhibit the press launch

https://ir.aptiv.com/investors/press-releases/press-launch-information/2020/Aptiv-Stories-2nd-Quarter-2020-Economical-Outcomes/default.aspx

Unique supply: https://ir.aptiv.com/investors/press-releases/press-launch-information/2020/Aptiv-Stories-2nd-Quarter-2020-Economical-Outcomes/default.aspx