Dana Inc. claimed Thursday that weaker demand and idle creation in the very first 50 percent of the quarter slash its next-quarter income and revenue as the coronavirus ravaged the automotive supply chain.
Two other major suppliers — Visteon Corp. and Aptiv — also reported sharply decrease final results for the next quarter. A number of other suppliers are scheduled to report final results in the coming times.
Dana claimed it posted a net reduction of $174 million as opposed with a net reduction of $68 million in the next quarter the calendar year right before. Modified for a just