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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.
Gentex is expanding its vehicle-integrated toll payment system to Canada and Mexico from the US, enabling motorists to pay tolls using their accounts on all North American toll roads.
Mirror supplier Gentex saw its first-quarter net income jump 22 percent to $97.6 million thanks to an increase in sales at its core automotive unit.
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