Veoneer has reported second-quarter web income down 62% to US$184m.
Active Security web income of US$79m declined fifty seven% together with an Natural Profits decrease of fifty six%
“The second quarter was really unusual,” reported Veoneer president and CEO, Jan Carlson. “Light vehicle output declined by around 45%, the worst decrease in recorded history. The many complexities in phrases of regional discrepancies, global offer chains, limited delivery notices and quite a few other things, produced it a really challenging ecosystem for jogging productive and effective functions.
“The health of our staff members remained a continued target, not the very least