You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
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.
Advance tech thinkers imagine cars with no mirrors. Gentex, a top producer of auto-dimming mirrors, says bunk. The supplier is betting that rearview mirrors will be around for a while
Mirror and electronics supplier Gentex, hampered by automaker plant shutdowns and inventory adjustments, scraped by in the fourth quarter with a 0.4 percent increase in net income.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.