Kongsberg Automotive reports Q3 2020 results
Kongsberg Automotive ASA will host an earnings conference call at 09:00 CET, today. KEY TOPICS ·The Corona Virus and a weak start to the year 2020 have impacted the automotive industry heavily. Primarily due to the Chinese market, the market developments in the light duty vehicles markets have been markedly different than in the heavy-duty vehicles market. · The worldwide light duty vehicle production in Q3 2020 recovered nicely on a sequential basis. From a low point in Q2 2020 of 12.6 million vehicles produced, Q3 came in at 20.3 million units. The Q3 2020