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Recent Articles

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Motorcar Parts of America swings to 2023 fiscal Q1 net loss of US$175,000 from net income of US$861,100 a year ago, with net sales up 10% to US$164.0M; strong demand for replacement parts, Q1 launch of brake part line drive results

Mercedes-Benz working closely with customs, law enforcement authorities to fight counterfeit products, with a focus on brake discs, wheels, body and steering parts; over 1.86 million counterfeit Mercedes-Benz parts seized by law enforcement in 2021

Automotive seating firm Adient reports fiscal year Q3 net loss narrows to US$30.0M from US$71.0M a year ago, with net sales up at $3.5B from US$3.2B a year ago; low volume, operating inefficiencies, higher input costs weighed on results by about US$175.0M

Tenneco reports Q2 net loss widens to US$121.0M from US$10.0M a year ago, with total revenue up 2% year-over-year to US$4.7B; lower volumes, inconsistent production schedules, inflationary cost pressures impact Q2 results

Dana reports Q2 GAAP net income down at US$8.0M from US$53.0M a year ago, with sales up at US$2.6B from US$2.2B a year ago; margins impacted by record inflation, rising material costs, supply-chain disruptions, volatile customer demand schedules

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