Aptiv implements additional cost-saving measures as EV transition slows

Business

:Aptiv PLC said on Thursday that it has taken extra steps to boost profitability, after it cut its annual sales forecast, as the company adapts to a difficult market environment. Shares of Aptiv fell over 16 per cent in early trade. The auto industry faced a bumpy second half of the year over competition from Chinese companies and a decline in consumer demand due to inflation and economic concerns. The transition to an EV-first future has presented challenges for many automakers, who have

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Aptiv implements additional cost-saving measures as EV transition slows https://www.channelnewsasia.com/ - 31.10.2024 18:32

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Aptiv implements additional cost-saving measures as EV transition slows https://www.channelnewsasia.com/ - 31.10.2024 18:32