Mexican Media Brands
Gentex Reports Double-Digit Gains in Sales, Income
Vehicle mirror-maker Gentex Corp.’s third-quarter revenue rose 10% to $430 million, and net income climbed 18% to $92 million.
#economics
Share
Vehicle mirror-maker Gentex Corp.’s third-quarter revenue rose 10% to $430 million, and net income climbed 18% to $92 million.
The Zeeland, Mich.-based supplier says unit shipments of its self-dimming mirrors grew 10% in July-September. The company’s combined automotive revenue rose 11% to $420 million.
Gentex expects fourth-quarter production of light vehicles will expand 1% to 13.2 million units worldwide. The company cites an IHS Automotive forecast that predicts output will rise 1% to 4.4 million in North America and 3% to 5.4 million in Europe.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.