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Gentex said its first-quarter net income surged 14 percent from a year earlier as the mirror and electronics supplier managed to boost mirror deliveries despite a production glitch.
Auto mirrors will change in the future -- but which technology to bet on? Gentex is ready to go either way.
Gentex' fourth-quarter net income surged 47 percent to $130.5 million, powered by higher automotive mirror shipments and lower U.S. taxes. Revenue rose 9 percent.
In an effort to meld vehicles with smart home devices, supplier Gentex has taken an equity stake in smart home technology startup Yonomi.
Gentex CEO Fred Bauer, 74, is retiring, concluding a more than four-decade career at the rearview mirror specialist, since the company's inception in 1974.
Gentex said its third-quarter net income slipped 2 percent to $90.2 million from last year.
IHS Markit predicts a surge in global production of panoramic rearview display cameras -- even though safety regulators are still undecided about them.
Gentex said its net income jumped 2 percent in the second quarter, repelling the U.S. light-vehicle sales slowdown with growth in international auto-dimming mirror shipments.
Mirror supplier Gentex ended production at foreign plants in favor of American ones. But to do that, Gentex needed robots.
A new wave of lower-cost, flexible and more delicate robots wants to work on the assembly line.
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