The trade agreement’s rules governing how much of a car must consist of North American parts could incentivize automakers to set up more assembly plants in the U.S.
Canadian auto parts firm’s shares plunge by more than 10% after it warns of earnings hit from a slowdown in General Motors orders.
The Complete Vehicles segment grew sales by 40.7 percent and widened its EBIT margin.
Trump now threatening tariffs against Mexico while trade groups claim cross-border supply chains still at risk.
Canada’s No. 2 auto parts maker sees growth surge in industrial manufacturing business.
The Canadian auto and truck parts maker reported record sales, but the Trump administration’s tariffs will continue to hit its bottom line.
Delphi Technologies (NYSE: DLPH) beat Wall Street’s consensus expectations of its fourth quarter non-GAAP earnings per share (EPS) of $0.88 by 20 percent according to Seeking Alpha. However, quarterly EPS decreased 14.5 percent year-over-year (Y/Y) from $1.24 to $1.06.
